Antimony Resources Reports Progress on the Bald Hill Property Under Option from Globex
MWN-AI** Summary
Antimony Resources Corp. has made significant strides in its exploration of the Bald Hill Antimony Property in New Brunswick, an endeavor undertaken with an option from Globex Mining Enterprises Inc. In a recent update, the company highlighted the discovery of extensive stibnite mineralization in the newly identified Marcus (West) Zone, which shares similarities with both historical and current drilling conducted in the Main Zone. So far, Antimony Resources has completed 6,500 meters of a planned 10,000-meter drilling program, successfully extending the Main Zone in both east and west directions. Drilling activities continue with two rigs dedicated to this area.
Additionally, Antimony Resources is now also focusing on the Central Zone located south of the Main Zone, where past trenching revealed 2.8% antimony over 8 meters. The company has initiated technical and environmental studies necessary for the permitting of a potential mining operation. Meetings have taken place with both provincial and federal government representatives, as well as local municipal officials, signaling a commitment to advancing the permitting process.
For ongoing details, stakeholders are encouraged to review Antimony Resources' recent press releases, including one dated March 26, 2026, and another from April 6, 2026. These communications are aimed at keeping the public informed about the progress and steps being undertaken to establish Bald Hill as a viable mining project. This progress report was released by Jack Stoch, Executive Chairman and CEO of Globex, who serves as a Qualified Person under NI 43-101 regulations. The company emphasizes that its forward-looking statements are subject to risks and uncertainties that could affect actual results, as detailed in their "Annual Information Form" available on SEDAR.
MWN-AI** Analysis
As of April 2026, Antimony Resources’ advancements at the Bald Hill Property under option from Globex Mining Enterprises Inc. signal promising developments in the antimony sector. The recent exploration results, notably the identification of significant stibnite mineralization at the newly uncovered Marcus (West) Zone, alongside successful drilling that has extended the Main Zone, portray a robust growth trajectory for Antimony Resources.
Investors should take note of the 6,500 metres of the ongoing 10,000-metre drill program which indicates a commitment to exploring and potentially expanding the resource base. Notably, the fact that stibnite mineralization in the Marcus Zone mirrors historical drilling results is a positive indicator of the property’s viability. Moreover, the reidentification of the Central Zone, reporting a notable 2.8% antimony over 8 metres, adds another layer of potential mineral yield.
The company’s proactive engagement in technical and environmental studies in conjunction with early-stage permitting discussions with New Brunswick and federal governments position it favorably for future development phases. This multilateral approach not only prepares the groundwork for a mining project but also demonstrates the company’s commitment to compliance and due diligence, which is imperative for attracting investment and minimizing regulatory risks.
For investors, monitoring Antimony Resources’ progress in drilling, environmental studies, and permitting processes will be crucial. With soaring global demand for antimony in electronics and flame retardants, coupled with potential supply constraints, this is an opportune moment for companies in this sector.
As such, investors considering Antimony Resources should weigh these developments against market trends and competition. Evaluating the company's ability to navigate the upcoming phases of mine development will be fundamental in assessing its long-term value and market performance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TORONTO, April 09, 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 provide an update as regards exploration undertaken by Antimony Resources Corp. on the Bald Hill Antimony Property in New Brunswick under option from Globex.
Antimony Resources, in addition to drilling, as already outlined in several press releases, has reported the exposure of massive stibnite mineralization on the newly discovered Marcus (West) Zone. Mineralization in the Marcus Zone resembles the Main Zone outlined by historical drilling and drilling by Antimony Resources. Recent completion of 6,500 metres of their 10,000-metre drill program has extended the Main Zone to the east and west with drilling continuing with two rigs focusing on this area. In addition, they are now focusing on the recently reidentified Central Zone to the south of the Main Zone where 2.8% antimony over 8 metres was described in past trenching. Antimony Resources provided an update of their recent exploration in a press release dated March 26, 2026, which may be accessed by clicking here.
Antimony Resources have also announced that they have initiated technical and environmental studies, part of the process of permitting a potential mining project. Meetings have already been undertaken with the New Brunswick and federal governments as well as local municipal officials. Details as regards steps being instituted to advance permitting of the project are available in a press release by Antimony Resources published on April 6, 2026, and may be accessed by clicking here.
This press release was prepared by Jack Stoch, P. Geo., Executive Chairman and CEO of Globex 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: | |
| Jack Stoch, P.Geo., Acc.Dir. Executive Chairman & CEO 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.
FAQ**
What impact does the exploration update from Antimony Resources Corp. regarding the Bald Hill Antimony Property have on the stock performance of Globex Mining Enterprises, Inc. GLBXF moving forward?
How might the recently initiated technical and environmental studies by Antimony Resources Corp. affect the future permitting process for the Bald Hill project and the valuation of Globex Mining Enterprises, Inc. GLBXF?
Given the reported massive stibnite mineralization and ongoing drilling efforts at the Marcus Zone, how will this discovery potentially influence investor interest in Globex Mining Enterprises, Inc. GLBXF?
What are the anticipated risks outlined in the forward-looking statements from Globex Mining Enterprises, Inc. GLBXF that could impact the exploration and development timeline for the Bald Hill Antimony Property?
**MWN-AI FAQ is based on asking OpenAI questions about Globex Mining Enterprises, Inc. (OTC: GLBXF).
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