Globex (TSX:GMX) Provides Update on Kewagama Gold Mine Royalty Claims

3 min read | September 10, 2025 04:23 AM EDT | By Sonal Goyal

Globex (TSX:GMX) Provides Update on Kewagama Gold Mine Royalty Claims — Image source: © 2025 Krish Capital Pty. Ltd.

New Drilling Results

According to Radisson’s recently published assays, deep drill intersections were encountered on the western edge of Globex’s Kewagama royalty claims. These results include gold mineralisation at depths ranging from 850 metres to 1,300 metres vertical, as well as shallower intersections between 200 metres and 500 metres vertical, located between the deeper zones and the historic Kewagama shaft area.

The new results confirm that gold mineralisation exists not only at shallow depths but also at significantly deeper levels, underlining the potential of the Kewagama royalty claims for further exploration and development.

Exploration Potential

Globex highlighted that drilling activity to date has been limited east of the historic Kewagama Gold Mine toward the Central Cadillac/Wood Gold Mines boundary. Radisson’s drilling continues to intercept gold on both the O’Brien and Kewagama claims within the Piché Group of rocks.

Importantly, there has been very little drilling across the 2.0-kilometre strike length of the Piché Group on the Central Cadillac/Wood Gold Mines property. This underexplored area, adjacent to the current drilling, presents a significant opportunity for further gold discoveries and underscores the prospectivity of Globex’s holdings in the Cadillac mining camp.

Strategic Positioning

Globex’s portfolio includes a broad range of exploration and royalty assets across Canada. The update on the Kewagama claims enhances the company’s position in one of Quebec’s most historically productive gold regions. With Radisson actively advancing exploration at East O’Brien and consistent gold intersections being reported, the royalty claims represent a valuable component of Globex’s asset base.

The company also reiterated that the combination of shallow and deep mineralisation across its royalty area highlights both near-term exploration upside and longer-term development potential.

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