Mr. Jack Stoch reports
BRYAH RAPIDLY ADVANCES WORK AT THE GOLDEN PIKE PROPERTY UNDER OPTION FROM GLOBEX MINING ENTERPRISES
Globex Mining Enterprises Inc. has provided a short summary of news from Bryah Resources Ltd., which has the Devil's Pike gold/antimony property under option from Globex (see Globex's news release dated May 22, 2025). Globex has received the initial required cash payments of $100,000 and 30,245,676 Bryah shares. There is a firm commitment from Bryah to spend at least $500,000 on exploration within the first 12 months of the agreement.
Bryah reports that it has completed its due diligence on the Golden Pike property in New Brunswick, reviewing prior prospecting, soil geochemistry surveys and drill core assays.
The review highlighted significant prospectivity of high-grade antimony at the Bond Road vein occurrence, which has yielded boulders assaying up to 53 per cent antimony (Sb) (note that grab samples are selective in nature and do not represent an average grade). In addition, drill holes at the Albright Brook showing, located approximately 1.1 kilometres (km) to the northeast, reported 12.5 per cent Sb over 0.5 metre (m) in drill hole DPA-16-01, and 4.74 per cent Sb and 2.38 per cent gold (Au) in drill hole DPA-16-03.
As regard the Golden Pike gold deposit, where Roscoe Postle Associates, under Paul Chamois, PGeo, et al. completed a National Instrument 43-101 technical report dated Aug. 19, 2011, reported an inferred resource of 214,800 tonnes (t) at 9.60 grams per tonne (g/t) Au, Bryah has engaged "an independent consultant to review data acquired in previous work programs ... aiming to report a JORC 2012-compliant resource by the end of the year ... Following this, the company plans to undertake a mine development scoping study, including a detailed transport and mill option study."
Bryah has also engaged SLR Consulting to undertake environmental studies and commence the environmental approval process.
The due diligence process has identified that the historical Golden Pike deposit is open in multiple directions, with the area immediately to the northeast being highly prospective. The company plans to commence infill and extensional drilling before the end of the year, with this work incorporated into the geology model developed for a mineral resource update.
Globex is pleased by the rapid undertakings of Bryah both on the gold and antimony potential of the property.
This press release was written by Jack Stoch, PGeo, executive chairman and chief executive officer of Globex, in his capacity as a qualified person (QP) under NI 43-101.
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