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Globex Mining Enterprises Inc
Symbol GMX
Shares Issued 56,095,636
Close 2025-05-26 C$ 1.41
Market Cap C$ 79,094,847
Recent Sedar Documents

Globex sees Renforth release report for Parbec

2025-05-26 16:42 ET - News Release

Mr. Jack Stoch reports

GOLD RESOURCE INCREASE ON GLOBEX'S PARBEC ROYALTY PROPERTY

Renforth Resources Inc. has published a new National Instrument 43-101 resource estimate technical report as regards the Parbec property in Malartic township, Quebec, on which Globex Mining Enterprises Inc. retains a 3-per-cent gross metal royalty for all mineral production from the property which is located five kilometres west of the large open-pit Agnico Eagle Malartic gold mine along the gold localizing Cadillac break.

Renforth announced a 29-per-cent increase in the resource estimate with 73 per cent of the new mineral resource in the measured and indicated categories.

The resource data summary by SGS Canada Inc. is reproduced below.

One hundred seventy-three NQ drill holes totalling 46,144 metres and 28,404 assayed samples totalling 31,483 metres were incorporated into the new resource calculation, undertaken by Yann Camus, PEng, at SGS Canada Inc., a qualified person as defined by National Instrument 43-101, in an NI 43-101 report titled technical report on the mineral resource estimate updated for the Parbec gold deposit, Abitibi-Temiscamingue region, Quebec, Canada, May 22, 2025. The NI 43-101 may be accessed on SEDAR+ or on Globex's website.

Globex is pleased with the progress by Renforth in upgrading the resource both in number of gold ounces and in the upgrading of the quality, much of the resource into the measured and indicated categories.

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