14:40:52 EDT Fri 03 Jul 2026
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Globex Mining Enterprises Inc
Symbol GMX
Shares Issued 57,002,836
Close 2026-07-02 C$ 2.00
Market Cap C$ 114,005,672
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Globex partner samples 4.95m of 1.88g/t Au at Bald Hill

2026-07-03 11:10 ET - News Release

Mr. David Christie reports

GLOBEX REPORTS GOLD ASSAYS OF UP TO 1.88 G/T AU OVER 4.85 METRES IN THE MAIN ANTIMONY ZONE AT ITS BALD HILL PROPERTY

Antimony Resources Corp. has evaluated gold assay results for drill samples collected during the drilling program on the Main antimony zone at Bald Hill property in New Brunswick. The Bald Hill property is currently under option from Globex Mining Enterprises Inc. by Antimony Resources. The samples analyzed for gold originate from approximately 190 intersections in over 45 drill holes completed to date at the Main zone. The tabulated results are for intersections greater than 0.5 gram per tonne gold. This has resulted in a determination that there is significant gold content in the Bald Hill mineralization.

Highlights from the gold assays

  • Gold has been seen in assay results from drill core samples from Bald Hill.
  • Samples collected from over 45 drill holes in the Main zone have yielded an average of 1.14 grams per tonne Au over a length of 2.56 metres with high values up to 1.88 g/t Au over 4.95 metres.
  • The existing database of assay results was investigated using AI (artificial intelligence) to determine the distribution and range of gold assays in Bald Hill drill core samples.
  • Gold mineralization occurs in the Main zone defined by the antimony mineralization.
  • The gold values in the Main zone occur both in zones of high antimony results and in zones separate from high antimony values -- often in samples adjacent to the antimony-bearing zones.
  • The value of Antimony Resources database management system and the application of AI has been demonstrated and will continue to be an important aspect of the on-going exploration at Bald Hill.

Gold mineralization

Higher-grade assay values are presented in Table 1 of the Antimony Resources June 29, 2026, press release, along with antimony and arsenic values for comparison. There appears to be a strong correlation between high antimony grades and higher gold grades.

Antimony Resources indicated that the Main zone is open to the north and south and seems to extend into the Central zone area where surface sampling in trenches has identified high-grade stibnite and gold mineralization (see press release dated June 25, 2026).

The known extent of antimony-bearing mineralization has been defined over 1,000 metres on surface and gold has been detected in drilling over 600 metres of the Main zone to date. Grab samples grading over four g/t Au from the Central zone.

Expansion

Antimony Resources reported that drilling is now progressing to expand the Main zone to the northwest and southeast. Drilling has also commenced in the Central zone where over 2,000 metres of drilling has been completed to date. The preliminary logging of drill core from the Central zone has identified antimony-bearing stibnite in breccia similar to the Main zone over intersected widths up to 37 metres. Assays for the first batches of samples from Central zone drilling are presently being completed at Actlabs and results should be available in three to four weeks. Antimony Resources reported that there are indications of potential for gold in that area as well (see Antimony Resources press release dated June 25, 2026).

Regional exploration activities

The plan for the large property at Bald Hill (over 3,700 hectares) for the remainder of 2026 will be exploration of the claims outside of the Main zone area.

Antimony Resources has indicated that a significant amount of the large property (over 3,700 hectares) is still to be investigated but preliminary soil sampling on the claim south of the main area has identified three areas with anomalous antimony in soil -- SR1 to SR3.

The next phase of exploration by Antimony Resources will include an airborne magnetic and electromagnetic survey, soil sampling, geological mapping, and sampling. Further trenching will be completed in areas of interest along with drilling as appropriate.

David Christie, PGeo, president and chief operating officer of Globex, in his capacity as a qualified person (QP) under National Instrument 43-101, prepared the information that forms the basis of this written disclosure utilizing the information in Antimony Resources press release dated June 29, 2026.

We seek Safe Harbor.

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