News Summary
On December 9, 2025, Globex Mining Enterprises Inc. reported the first drill results from its recently completed six-hole, 1,095-metre diamond drill program at its 100%-owned Rouyn-Merger gold property in Quebec.
Key intercepts include:
– Hole RM-25-01: 3.44 g/t gold over 38.7 metres (estimated horizontal width of 32.6 m).
– Hole RM-25-02: 3.47 g/t gold over 26.4 metres (estimated horizontal width of 17.1 m).
Assay results for the remaining four drill holes are pending. Following the completion of this program, the drill rig was moved to the Lyndhurst Copper property for another planned exploration program.
Material Impact
The initial drill results from the Rouyn-Merger property are materially positive. The news confirms the execution of the drill program outlined in the September 11, 2025 update, which projected a 1,000-metre program in late 2025. The results themselves are significant for a first-pass program. While the grades of ~3.4 g/t Au are not exceptionally high, the mineralized widths of 38.7 metres and 26.4 metres are substantial and suggest the potential for a large, bulk-tonnage style gold deposit.
This is particularly important as Rouyn-Merger is a 100%-owned Globex asset, meaning the company retains all the exploration upside. The property is strategically located on the prolific Cadillac Break, a major gold-localizing fault structure in the Abitibi region. These initial results validate Globex’s exploration model for the property and provide a strong basis for follow-up drilling.
Historically, Globex has successfully advanced its 100%-owned Ironwood project with consistent drilling, culminating in an upgraded indicated resource in June 2025. These results from Rouyn-Merger suggest a similar path of value creation may be starting on another core asset. The market has been rewarding Globex for progress across its portfolio, and this successful execution of a self-funded drill program on a key property adds another tangible data point to the company’s value proposition. While not a “game-changer” yet, it is a significant de-risking event for the project and a strong positive for the company’s exploration pipeline.
Catalysts
– Immediate: Assay results from the remaining four drill holes at the Rouyn-Merger property. Positive results would further confirm the scale of the mineralized system.
– 3-6 Months:
– Drill results from the exploration program at the Lyndhurst Copper property.
– An updated NI 43-101 Mineral Resource Estimate for the Duquesne West project, which partner Emperor Metals guided for Q1 or early Q2 2025.
– Continued drill results from partners, particularly Antimony Resources at Bald Hill and Radisson Mining at the Kewagama/O’Brien project.
– Progress updates on feasibility studies for royalty properties, such as Cerrado Gold’s Mont Sorcier project (FS targeted for Q2 2026) and Manganese X’s Battery Hill project (PFS underway).
Materiality Conclusion
The initial drill results from Rouyn-Merger are materially positive. They successfully demonstrate significant gold mineralization over wide intercepts on a 100%-owned, well-located property. This news validates the company’s exploration strategy, opens a new avenue for value creation, and aligns with the company’s track record of systematically advancing its core assets.
