Globex Reports Additional High-Grade Gold in Drilling on it's Nordeau Royalty Claims
MWN-AI** Summary
Globex Mining Enterprises Inc. (GLOBE: GMX) has reported promising developments regarding exploration drilling conducted by Cartier Resources Inc. on its Nordeau Royalty claims, located in Quebec's Vauquelin Township. Globex retains a 3% Gross Metal Royalty on the claims, which encompass areas where Cartier is making strides in gold discovery, particularly in the North Contact Zone (NCZ) of its Cadillac Property.
Recent drills indicate significant gold mineralization in the NCZ, particularly at depths between 100 to 300 meters. Notably, the NCZ features three high-grade gold zones—NC1, NC2, and NC3—separated by approximately 50 meters. Among the highlight results from Cartier’s drilling include exceptionally high grades: CA25-559 yielded 54.6 g/t Au over 1.0 meter, while CA25-558 intersected 4.4 g/t over 6.0 meters, showcasing the potential strength of the deposit.
Cartier’s exploration has confirmed that the NCZ extends to the surface and remains open at depth, suggesting a robust opportunity for resource expansion and shallow development. Visible gold and sulphides have been noted in these drilling results, adding further credibility to the ongoing project.
Looking ahead, Cartier plans to conduct additional drilling targeting the NCZ down to depths of 600 meters, alongside testing new high-potential areas. The company has outlined an ambitious 600-hole drilling program, aiming to complete 100,000 meters of drilling by Q2/2027. Globex has expressed strong optimism regarding Cartier's progress and the potential for continued success in exploring the NCZ.
For more detailed information, stakeholders can consult Cartier’s latest press release via their website.
MWN-AI** Analysis
Globex Mining Enterprises Inc. (TSX: GMX) has recently enhanced its position with promising new drilling results from Cartier Resources Inc. on the Nordeau Royalty Claims, located in Vauquelin Township, Quebec. The highlights of the drilling results suggest significant high-grade gold discoveries, particularly in the North Contact Zone (NCZ), which encompasses three parallel gold zones exhibiting grades as high as 54.6 g/t Au. This data alone reflects strong potential for resource upgrades and supports ongoing and future exploration.
For investors, this could represent a strategic buying opportunity. Globex’s 3% Gross Metal Royalty on these claims implies that the company stands to benefit directly from Cartier’s success. As Cartier progresses with its ambitious 600-hole drilling program, targeting additional shallow high-potential zones, the likelihood of resource expansion increases. With historical and recent gold prices showing resilience—especially given global inflation concerns—gold mining stocks like Globex could see a favorable market sentiment.
Moreover, the infrastructure advantages of the NCZ—including year-round access and minimal overburden—enhance the project's feasibility for development, which could positively impact operating costs and profitability down the line. As exploration continues, investors should closely monitor the drilling updates from Cartier, particularly any new significant assay results, as they may catalyze share price movements.
It's also vital to approach this with caution. While the drilling results are encouraging, the mining sector is inherently volatile and affected by many external factors, including commodity price fluctuations and regulatory changes. Investors should maintain diversified portfolios and consider the volatility associated with mining stocks. Overall, with constant updates and transparent communication from Globex and Cartier, a position in GMX could elevate your portfolio’s exposure to the gold sector and its growth potential amid rising market dynamics.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TORONTO, Feb. 04, 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 update shareholders on exploration drilling by Cartier Resources Inc. (ECR-TSXV, 6CA-FSE) on Globex’s Nordeau Royalty claims in Vauquelin Township (32C03), 45 km southeast of Val d’Or, Quebec. Globex holds a 3% Gross Metal Royalty on the Nordeau claims including the area where Cartier continues to expand its gold discovery called the North Contact Zone (NCZ) on Cartier’s Cadillac Property.
Cartier has announced additional drill intersections on the NCZ gold zone intersecting significant gold mineralization between 100 m to 300 m depth. The NCZ is comprised of three parallel high-grade gold zones, NC1, NC2, and NC3, each separated by approximately 50 metres. The highlight results from the Cartier Resources Inc. press release are as follows:
- In the NCZ East Extension
- CA25-559 intersected 54.6 g/t Au over 1.0 m including 85.1 g/t Au ovr 0.5 m in NC1.
- CA25-558 intersected 4.4 g/t over 6.0 metres including 23.2 g/t Au over 1.0 m in NC3
- CA25-557 intersected 7.5 g/t over 0.5 m in NC3
- In the NCZ
- CA25-554 intersected 1.5 g/t Au over 15.5 m in NC3
- CA25-547 intersected 1.2 g/t Au over 13.2 m in NC3
- CA25-552 intersected 1.0 g/t Au over 10.5 m in NC3
Note: Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-75% of the reported core length intervals.
- Importantly holes CA25-557, 558, and 559 discovered high grade gold zones 500 metres along the eastern strike extension of the NC1 and NC3 gold zones, thereby expanding the North Contact main mineralized system. Visible gold and sulphides are consistently observed in these results.
- It is also important to note that holes CA25-547, 552, and 554 confirmed the NCZ extends to surface and remains open to depth and thereby supports the potential for shallow development scenarios and resource expansion. The combination of exposed bedrock and minimal overburden and proximity to year-round access roads, positions the NCZ as a highly strategic asset.
Next Steps
Cartier has indicated that expansion drilling on the NCZ will continue at depth in the 300-600 metre depth range and to connect the lateral footprint of the NCZ and its eastern extensions with the objective of upgrading the mineral resource estimate. Cartier also proposes to continue testing high priority regional targets along the strike of the contact sector and the Heva Fault Zone, backed by detailed structural and geological modelling and VRIFY’s Artificial intelligence (AI) driven targeting.
Cartier’s Ambitious 600 hole drilling program will both expand known gold zones and test new shallow surface high potential targets with its 100,000 metre program forecasted to be complete by Q2/2027. The long section for the entire project and sections and plan maps for the Contact zone is shown in Figures 1 and 2 below. For more detailed information on the drilling results please see Cartier’s latest press release at https://ressourcescartier.com/news/cartier-discovers-multiple-shallow-high-grade-gold-zones-at-cadillac/.
Figure 1: Location of the new drill results (regional longitudinal section)
Figure 2: Plan view, cross and long sections of the Contact Sector
Globex is pleased by the rapid progress reported by Cartier on Globex’s royalty claims testing of the NCZ. Globex is eager to see the continued results along the NCZ along strike and to depth as the program continues.
This press release was written by David Christie, P.Geo.., President and COO in his capacity as a Qualified Person (Q.P.) under NI 43-101.
| We Seek Safe Harbour. | Foreign Private Issuer 12g3 – 2(b) |
| CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 | |
| For further information, contact: | |
| David Christie President and COO Globex Mining Enterprises Inc. 120 Carlton Street, Unit 219 Toronto, Ontario, Canada M5A 4K2 | Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com www.globexmining.com |
Forward-Looking Statements: Except for historical information, this news release may contain certain “forward-looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDARplus.ca.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/00718950-c0e5-4460-a42e-d54b8b46ff4c
https://www.globenewswire.com/NewsRoom/AttachmentNg/94f80a23-ecf1-4159-bc53-079462c36e0c
FAQ**
What specific outcomes does Cartier Resources Inc. ECR:CC anticipate from the ongoing expansion drilling at the North Contact Zone (NCZ) that may affect Globex's 3% Gross Metal Royalty?
How do the recent high-grade gold intersections reported by Cartier Resources Inc. ECR:CC impact the feasibility of shallow development scenarios within the NCZ?
In light of the ambitious 600 hole drilling program by Cartier Resources Inc. ECR:CC, what milestones should investors look for in the upcoming months that could indicate progress in resource expansion?
Given the information about structural and geological modeling utilized by Cartier Resources Inc. ECR:CC, how could AI-driven targeting enhance the effectiveness of the ongoing and future drilling programs?
**MWN-AI FAQ is based on asking OpenAI questions about Cartier Resources Inc. (TSXVC: ECR:CC).
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