East Nordeau Zone on Globex Royalty Claims Returns High-Grade Gold Drill Results
MWN-AI** Summary
Globex Mining Enterprises Inc. recently announced promising exploration results from the East Nordeau Zone (ENZ), part of their Nordeau Royalty claims in Vauquelin Township, Quebec. This region is under an existing 3% Gross Metal Royalty held by Globex, which underscores its potential for significant returns. The exploration is being conducted by Cartier Resources Inc., which has initiated an extensive drill program consisting of 600 drill holes and 100,000 metres of drilling aimed at expanding the Cadillac Property.
The East Nordeau Zone comprises two high-grade gold zones, EN1 and EN2, located approximately 25 metres apart, and recent drilling has confirmed mineralization over a 400-metre strike length, remaining open at depth. Significant drill results include intersections such as 23.2 g/t Au over 1.0 metres and 11.9 g/t Au in EN1, along with 14.1 g/t Au in EN2 from holes CA25-570 and CA25-572. These discoveries suggest that the mineralization environment may lead to additional gold discoveries, enhancing the overall scope of targets within the Nordeau Sector.
As Cartier continues its drilling efforts, the goal is to refine the geological model and explore high-priority regional targets within the strike area. The results thus far are encouraging, encouraging expectations for further high-grade findings in both the North Contact Zone and East Nordeau Zone. With the successful progress of Cartier's drilling program, Globex anticipates favorable developments that could significantly impact the company’s royalty income.
The details and future projections underscore the strategic value of Globex's claims and the opportunity for shareholders to benefit from ongoing exploration success.
MWN-AI** Analysis
With recent high-grade gold drill results from the East Nordeau Zone (ENZ), the Globex Mining Enterprises Inc. (GMI) royalty claims are positioned favorably in the current mining landscape. The ENZ showcases promising mineralization, with confirmed gold intercepts reflecting impressive grades—such as 23.2 g/t Au over 1.0 meters—highlighting the potential for substantial economic returns as drilling continues.
As Cartier Resources Inc. progresses with its extensive 600-hole drilling program, the ENZ has emerged as a focal point due to its two parallel high-grade zones (EN1 and EN2) confirmed over a significant strike length of 400 meters. This development opens up opportunities not only for immediate returns through Globex's 3% Gross Metal Royalty but potentially enhances GME’s overall valuation as further exploration may expand on these initial findings.
Market sentiments in precious metals, especially given current economic volatility, lean toward increased investment in gold, making this an opportune moment for stakeholders in the region. As more drill results are expected, which will refine the geological model, investor confidence might be bolstered, driving up share price and market interest in GMI.
Investors should, however, remain mindful of inherent risks in exploration projects, which can often involve significant variations between projected and actual results. Thus, it’s advisable to monitor subsequent drill outcomes closely. With the strategic location near known high-grade zones such as the North Contact Zone, the East Nordeau Zone benefits from both geological potential and strategic significance in Quebec’s gold mining sector.
In conclusion, GMI is in a solid position to capitalize on potential future gold discoveries. Investors are encouraged to watch for additional drill results and consider the company’s overall growth trajectory, with advanced exploration positioning it well within the evolving precious metals market.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TORONTO, Feb. 23, 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 (Exhibit 1) 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 has identified a new gold zone called the East Nordeau Zone on Cartier’s Cadillac Property. Late last year Cartier embarked on an aggressive 600 drill hole, 100,000 metre drill program on its Cadillac property.
Cartier has announced additional drill intersections on the East Nordeau gold zone (ENZ) intersecting significant high-grade gold mineralization near surface. The ENZ is comprised of two parallel high-grade gold zones, EN1 and EN2 separated by approximately 25 metres. The mineralization was confirmed over a 400-metre strike length and remains open to depth. According to Cartier the new mineralization environment with iron formations may indicate a strong opportunity to make further gold discoveries, increasing the scale of the target area in the Nordeau Sector. The ENZ zone is located 800 metres south of the Contact Sector and the high-grade North Contact Zone. Mineralisation found in the ENZ is shown in plan maps, cross and longitudinal sections in Exhibit 2.
The highlight results from the Cartier Resources Inc. press release are as follows:
- In the ENZ
- CA25-565 intersected 23.2 g/t Au over 1.0 metres in EN1 Zone.
- CA25-570 intersected 11.9 g/t Au over 1.0 metres in EN1 Zone and 14.1 g/t Au over 1.0 metres in EN2 Zone.
- CA25-572 intersected 7.3 g/t Au over 1.0 meters in EN1 Zone.
Note: Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 70-95% of the reported core length intervals.
- Importantly holes CA25-565, 570, and 572 confirm the newly recognized ENZ high grade gold zone near surface. Cartier plans further drilling to refine the geological model and verify the mineralization continuity. Exploration drilling is planned to test several new high-priority regional targets along the strike of the Nordeau Sector and the Cadillac Fault Zone.
Exhibit 1. Globex Royalty Claims Showing Mineralized Gold Zones.
Note: The Cadillac Project Resources are for the entire Cadillac project including the Chimo deposit where Globex does not have a royalty.
Exhibit 2. Plan View, Cross and Long Sections of the Nordeau Sector
Note: Images are from the Cartier Press Release.
For more detailed information on the drill results please click here to access Cartier’s latest press release at https://ressourcescartier.com/news/cartier-hits-23-2-g-t-au-at-east-nordeau-cadillac-project/.
The success displayed by Cartier on the Globex’s royalty claims is impressive. Globex looks forward to seeing additional drill results along the North Contact Zone and the East Nordeau Zone as the drill 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.
Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/089b23a0-5543-4ae4-b6f6-571371e11078
https://www.globenewswire.com/NewsRoom/AttachmentNg/b387281a-bbd8-4e90-a64f-d3d55caf8623
56,417,436 shares issued and outstanding
FAQ**
Sure! Here are four questions based on the information you provided:
1. What potential impact could the additional drill intersections reported by Cartier Resources have on Globex Mng Enterprs New GLBXF's stock performance in the upcoming quarters?
2. How does the new East Nordeau Zone discovery align with Globex Mng Enterprs New GLBXF's long-term growth strategy and royalty revenue model?
3. Considering the aggressive drilling program by Cartier, how will the results from the East Nordeau Zone affect investor sentiment regarding Globex Mng Enterprs New GLBXF?
4. With ongoing exploration in the Nordeau Sector, what risks should investors consider when assessing the future value of Globex Mng Enterprs New GLBXF?
**MWN-AI FAQ is based on asking OpenAI questions about Globex Mining Enterprises Inc. (TSXC: GMX:CC).
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