Emperor Metals Selects Targets for drilling on Globex’s optioned Duquesne West property
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,151,836 shares issued and outstanding
May 5, 2023
Emperor Metals Selects Targets for drilling
on Globex’s optioned Duquesne West property
Rouyn-Noranda, Qu ebec, Canada. 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 report
that Emperor Metals Inc. (AU0Z: CE) has selected drill targets at, the 50% owned by Globex, Duquesne West
Gold Property in Duparquet township, Quebec under option as announced in the Globex press release dated
October 12, 2022.
According to yesterday’s Emperor press release, “In addition to obtaining the previously announced land use
permit and securing a reliable drilling contractor, we have accomplished a significant milestone by completing
the first-ever A.I. 3D geological model for Duquesne West. This breakthrough has enabled us to accura tely
identify and finalize preliminary targets for our upcoming drilling campaign. By combining this model with the
mineralized model and our geological model, we now have a more comprehensive understanding of the
factors that influence high -grade minerali zation. We are thrilled to commence the drilling campaign and
expand our resource base on multiple priority targets that A.I. has illuminated.”
“To further enhance our flexibility and execution capability based on this newfound understanding, we have
submitted an application for an additional permit to develop up to 46 more drilling pads.”
“Emperor has now appended to the existing Artificial Intelligence ( A.I.) Model by incorporating a newly
developed A.I. 3D Geological Model into our previous A.I. Mineralized Model. By developing both a mineralized
and geological model using A.I., it has illuminated a plethora of targets to expand the existing historical
resource1,2. These models were swiftly developed compared to conventional techniques due to A.I. agility to
process complex information. This efficiency promotes the project quickly and gives us a more holistic
understanding of drillhole design for resource expansion; by illuminating potential patterns for resource
expansion targeting high-grade zones.”
“Targets chosen for our initial drill program will be strategic. It will target areas to expand the historical
resources within and outside the existing footprint of the current deposit at varying depths; to efficiently add
more ounces to the existin g historical resource. This 7,000 to 10,000 m drilling program will begin around
Mid-May as contractors are now in the field developing drill pads for the upcoming drilling campaign.”
Globex is pleased with the rapid advancement of the planned drill progra m and looks forward to Emperor
expanding the resource base which currently stands at 727,000 oz. Au (cut). The Ni 43-101 report is available
on Globex’s website. The property straddles the prolific Destor Porcupine gold localizing fault structure on
which numerous gold deposits are located both in Quebec and Ontario.
2
Figure 1 – Phase 1 Targeting
This press release was written by Jack Stoch, Geo., President and CEO of Globex 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:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
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 activit y 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 SEDAR at www.sedar.com.