Globex Mining Extends Gold Mineralization Below 2,000 Metres at Kewagama Royalty Claims, Quebec

Why It Matters

The deep, high‑grade intercept expands the resource base, potentially raising royalty income for Globex and enhancing the overall project valuation. It also signals broader mineralization at depth, attracting further investment and financing interest.

Key Takeaways

• Hole OB-26-384 hit 4.54 g/t gold over 12 m at 1.9 km depth.
• Trend 1 may extend onto Globex’s 2% royalty zone.
• Trends 3‑4 remain open below 500‑650 m on royalty claims.
• Kewagama accounts for 22% of Radisson’s 740k‑oz forecast.
• 20.6% of 2.32 M‑oz resource tied to Globex royalty area.

Pulse Analysis

The Kewagama royalty sits on a strategic slice of the O’Brien Gold Project, where a 2% net smelter royalty gives Globex a direct upside to any future production. The recent 1.9‑kilometre drill, the deepest on the property, uncovered a 12‑metre interval of 4.54 g/t gold, with spikes above 16 g/t. Such high‑grade, deep‑targeted mineralization is rare in the region and suggests that the underlying ore body continues to expand beyond the current drilling envelope.

From a financial perspective, the royalty’s value is closely tied to Radisson’s resource estimates. The July 2025 PEA linked 22% of the projected 740,000‑ounce output to Kewagama, and the March 2026 resource update placed 20.6% of a 2.32‑million‑ounce reserve within Globex’s claim. As the resource base grows, royalty cash flows could rise proportionally, offering a low‑cost exposure to gold price movements. Investors often view such royalties as a hedge against operational risk while still participating in upside potential.

Industry‑wide, deep drilling successes like this reinforce confidence in Quebec’s gold districts, where infrastructure and permitting are relatively mature. For royalty‑focused funds, the Kewagama claim exemplifies a high‑leverage asset: modest capital outlay, clear entitlement, and a clear path to incremental value as the operator advances the mine. Continued drilling along Trends 1‑4 will be watched closely, as any extension onto the royalty zone could materially boost Globex’s future earnings and position the company for strategic partnerships or a potential acquisition premium.