GLOBEX MINING ENTERPRISES INC. reports that Emperor Metals Inc. announced additional assay results and achievements from the 8,579 meter, 2023 drilling campaign at the Duquesne West Gold Project under option from Duparquet Assets Ltd., a 50% owned subsidiary of Globex Mining Enterprises Inc. Emperor is fully funded for a 5,000-meter drilling program to begin in Second Quarter of 2024. These results will be used to refine their A.I. models which will aid in targeting in the 2024 drill season. Emperors strategy is focused on evaluation of increasing potential ounces for a later mineral resource update.

Most of Emperor?s work in 2024 will be concentrated on the open pit concept; where they see potential to add ounces cost effectively by expanding the footprint and/or adding incremental ounces to the conceptual open pit. Emperor is also sampling near-surface core from Globex?s historical core library that was not assayed. Up to 70% of this core has not been assayed.

So far, over 3,000 meters have been sampled. This is a huge benefit to shareholders, acquiring additional assays without drilling, saving capital while having no shareholder dilution. Full results for DQ23-10 to DQ23-14 and unsampled historical core have been released from SGS Laboratories.

The strategy of diamond drillholes DQ23-10 to 14 and the assaying of historic unsampled intervals was to determine if the Phase 1 pit could be extended westward to connect smaller satellite pits and add incremental ounces in the previously unsampled host rock. Affirmation of both scenarios bolstered support for growth. Both the smaller Phase 1 and Ultimate Pit Conceptual Model contain mineralization in the host rock that surrounds the high-grade zones.

DQ23-10 intersects 11.75 meters (m) of 0.61 g/t Au; DQ23-14 intersected 5.0 m of 0.83 g/t Au. Up to 70% of the core is un-assayed in Emperors conceptual open pit models. These lower grade, additional bulk tonnage ounces within the open-pit conceptual model are very significant for reducing strip ratio and improving overall economics in a combination open-pit and under-ground mining scenario.