Globex Mining Announces Promising Drilling Results at Duquesne West Gold Property
TORONTO, February 25, 2026 – Globex Mining Enterprises Inc. has released initial findings from Emperor Metals Inc.'s ongoing 2025-2026 drilling campaign on the Duquesne West gold property. The project, which is optioned from Duparquet Assets Ltd. (50% owned by Globex), represents a significant exploration initiative with substantial implications for resource development.
Extensive Exploration Program Underway
The current drilling program marks the early phase of an ambitious exploration effort that includes 15,000 metres of new drilling combined with 8,000 metres of historical core resampling. This comprehensive approach adds 23,000 metres of valuable data to refine and expand the existing geological model. Emperor Metals has now completed three years of their five-year option agreement, demonstrating consistent progress on the property.
To date, assay results represent approximately 7% of the new drilling program and just 4% of total assays anticipated for the 2025-2026 season. Drilling activities continue actively, with additional results expected in subsequent press releases as they become available.
Notable Drilling Highlights
The initial results reveal promising mineralization patterns:
- DQ25-01 intersected 107.7 metres grading 0.5 g/t gold, with overall mineralized intervals spanning approximately 170 metres across four distinct zones
- DQ25-02 targets historically under-sampled areas within the conceptual pit shell to evaluate potential for additional low-grade, bulk-tonnage material
- Multiple intervals exceeding 50 metres of mineralization have been intersected, emphasizing the scale and continuity of the system
These findings delineate a more extensive mineralized system peripheral to higher-grade structural corridors and underscore the presence of gold that was not systematically sampled in earlier exploration programs.
Resource Expansion Potential
The Duquesne West property currently hosts an updated inferred mineral resource estimate of 26.9 million tonnes containing 1.46 million ounces of gold at an average grade of 1.69 g/t. Recent drilling has identified previously unrecognized, near-surface bulk-tonnage zones alongside high-grade gold lenses containing visible gold.
Notably, these broader mineralized zones locally host exceptional high-grade intervals, including 21.7 metres grading 35.2 g/t gold. Such results highlight the significant upside embedded within the extensive near-surface mineralized envelope.
Strategic Drilling Approach
The 2025-2026 drilling program continues to validate both low-grade bulk-tonnage mineralization and higher-grade zones within and beyond the limits of the current conceptual open-pit shell. Drill holes DQ25-01 and DQ25-02 were strategically designed to infill sparsely tested areas where limited historical data existed, with the objective of strengthening continuity and adding meaningful ounces to the overall deposit.
Historically, exploration efforts concentrated primarily on the higher-grade core of the system and did not systematically evaluate the surrounding mineralized envelope. As a result, both peripheral extensions and internal gaps within the broader mineralized body remained underexplored. These untested areas represent significant exploration upside with potential to materially enhance the project's overall ounce profile, particularly given current gold prices trading near historic highs.
Future Development Outlook
Emperor Metals is targeting a multi-million-ounce gold resource through a combination of conceptual open-pit and underground mining scenarios. The ongoing exploration continues to underscore the strong potential for resource expansion both within and along strike of the conceptual open pit, reinforcing the need for systematic follow-up drilling.
Globex Mining expresses satisfaction with Emperor's continued progress on the Duquesne West project, noting that the early results validate the property's potential for significant resource growth and development.
