10:48 AM EDT, 10/28/2025 (MT Newswires) -- Globex Mining Enterprises ( GLBXF ) Tuesday said that Emperor Metals ( EMAUF ) announced the resumption of drilling on the Duquesne West Property in Duparquet Township, Quebec, which is under option from 50% Globex owned Duparquet Assets.

The company noted that historical and recent drilling by Emperor totaled about 120,000 meters and that Emperor believes that this represents only 15% to 20% of what is needed in order to define the gold deposit to a depth of 1,000 meters. Emperor reported a conceptional model orebody of 1.46 million gold ounces of which 44% may be open pit minable and 56% minable by underground methods.

The drill program is slated to total between 10,000 and 15,000 meters "focussed on expanding the open-pit footprint, adding incremental ounces within the host rock surrounding high-grade lenses and twinning select historical drill holes, particularly those either excluded from the MMRE or downgraded to the inferred category due to the absence of presumed core or collar data."

Emperor will also continue assaying unsampled historical core from Globex's core library from holes within the conceptual open-pit boundaries.

Shares of Globex were last seen up 1.2% at $1.73 on the Toronto Stock Exchange.

Price: 1.73, Change: +0.02, Percent Change: +1.17