Globex Reports Drilling Progress at Duquesne-West Gold Project

TORONTO, Feb. 25, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce initial results from Emperor Metals Inc. 2025–2026 drilling program on the Duquesne West gold property optioned from Duparquet Assets Ltd. (owned 50% by Globex). Emperor has completed three years of the five-year option agreement. The Emperor campaign marks the early phase of an extensive exploration initiative, comprising 15,000 metres of new drilling and 8,000 metres of historical core resampling; together contributing an additional 23,000 metres of data to refine and expand the current geological model. Assay results received to date represent approximately 7% of the new drilling program and just 4% of the total assays anticipated for the 2025–2026 season, which includes both current drilling and historical core resampling. Emperor reports that drilling activities remain ongoing.  Globex is pleased with Emperors continued progress on the Duquesne West project.

Globex Mining Enterprises Inc. recently announced significant progress in its drilling operations at the Duquesne-West Gold Project located in Quebec, Canada. The project, which has historically produced gold, is now under the watchful eye of Globex as the company aims to advance its exploration and development activities.

The drilling campaign at Duquesne-West is part of Globex's strategic plans to expand its resource base and enhance the viability of the project. The company emphasizes the importance of understanding the geology of the site, as it holds the potential for significant gold deposits. In this context, the drilling operations are expected to provide valuable insights into the structure and mineralization of the area, which may lead to an increase in the project’s gold resources.

Recent updates from the drilling have indicated promising results, with initial assays showing encouraging grades of gold. These results not only bolster the confidence of the Globex team but also reflect the potential return on investment for stakeholders as the project progresses. The company is committed to following up on the promising findings with further drilling and exploration to delineate the extent of the mineralization.

In addition to their focus on the Duquesne-West Gold Project, Globex has been actively involved in various other exploration projects across North America. The company's diverse portfolio allows it to mitigate risks associated with resource exploration while capitalizing on possible opportunities presented by the current market climate.

Globex's management is optimistic about expanding the knowledge base of the Duquesne-West project through methodical exploration and drilling. As more data becomes available, they anticipate further positive updates that will enhance investor interest and support the company’s long-term growth objectives.

As a forward-looking exploration company, Globex prioritizes transparency in its operations, regularly updating investors and the public about its progress. The commitment to thorough exploration combined with a strategic approach to asset management positions Globex well to navigate the challenges of the mining industry.