TORONTO, June 03, 2026 – Globex Mining Enterprises Inc. announced progress on the 50% owned Duquesne West property, optioned to Emperor Metals Inc. Emperor reported that the 2026 program integrates 15,000 metres of new drilling with 8,000 metres of targeted resampling of historic drill core, adding 23,000 metres of data to refine the geological model.
Exploration Program Highlights
Recent drill results include hole DQ26-45, which intersected 35.9 metres grading 3.1 g/t Au at depth below the current pit shell. These thick, high-grade intercepts demonstrate the project's potential to rapidly add ounces, supporting Emperor's vision of a multi-million-ounce bulk-tonnage gold deposit. Holes DQ26-03, 04, and 45 are advancing this goal.
Ongoing drilling continues to expand the deposit eastward, with intercepts in holes DQ26-05, 06, 07, and 08, including 0.5 g/t over 11.8 metres in DQ26-05. Phase 1 pit infill drilling targets near-surface mineralization to support staged development, potentially accelerating timelines and enhancing economics. This is represented by holes DQ26-11, 12, 13, 17, 33, 34, and 35.
Only about 20% of expected assays for the 2025-2026 program have been received to date.
Results Discussion
Emperor reported that assay results represent 16 of 47 holes drilled, about 35-40% of the current program, and only 20% of total assays expected from the broader 2025-2026 season, including ongoing drilling and historical core resampling. Results have been reported for approximately 6,500 metres, while the company has completed around 15,300 metres of drilling, remaining well under budget.
As Emperor expands the deposit footprint along strike and at depth, they are enhancing the mineralized envelope by increasing thickness and grade. By targeting key structural controls, Emperor believes it will continue to build ounces and unlock growth potential across the project.
Emperor believes drill hole DQ26-45 demonstrates that multiple high-grade gold lenses within a broader low-grade system can increase in thickness and grade. Located about 75-80 metres down dip of Kinross's 2002 hole DQ02-10 (13.4 metres grading 4.9 g/t Au), it returned a threefold increase in mineralized thickness, highlighted by 35.9 metres grading 3.1 g/t Au.
