TORONTO, Jan. 30, 2026 (GLOBE NEWSWIRE) -- 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 update shareholders as regards a recent announcement by TomaGold Corporation (LOT-TSXV, TOGOF-OTCPK) of drill results from two holes completed on the Berrigan Property located west of the town of Chibougamau, Quebec upon which Globex retains a two percent (2%) Gross Metal Royalty
Tomagold Gold Corporation has reported results from holes TOM-25-015 and TOM-25-014 as follows:
- Drill hole TOM-25-015 (from 451.20 m): 0.82 g/t Au, 3.21 g/t Ag and 1.97% Zn over 98.5 m
- Including: 4.69 g/t Au, 18.8 g/t Ag and 4.78% Zn over 4.90 m
- Including: 0.90 g/t Au, 3.48 g/t Ag and 3.12% Zn over 49.35 m
- Including: 1.34 g/t Au, 5.91 g/t Ag and 4.12% Zn over 14.60 m 0.88 g/t Au, 3.85 g/t Ag and 5.82% Zn and 1.63 g/t Au, 5.26 g/t Ag and 7.43% Zn over 6.20 m.
- Drill hole TOM-25-015 confirms the discovery of a new major semi-massive sulfide zone, named Berrigan Deep, which remains open at depth
- Drill hole TOM-25-014 (from 185 m): 4.94 g/t Au, 56.44 g/t Ag and 4.55% Zn over 2.10 m
For more details, shareholders may access the Tomagold press release by clicking here.
Tomagold states that "Drill hole TOM-25-015 is truly transforming the Berrigan Mine project and highlights a new semi-massive sulfide zone that extends at depth beneath the known zones. This very encouraging result suggests the presence of a large mineralized system that remains open at depth."
The drill holes contain significant secondary mineralization consisting of silver and gold. The table below provides the breakdown of individual assays.
Results from drill holes TOM-025-014 and TOM-025-015 on the Berrigan Mine project
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | Zn - |
| TOM-25-014 | 185.00 | 187.10 | 2.10 | 4.94 | 56.44 | 545 | 4.55 |
| 238.70 | 239.85 | 1.15 | 2.63 | 22.20 | 1590 | 10.40 | |
| 251.20 | 252.60 | 1.40 | 7.44 | 37.30 | 552 | 8.04 | |
| 405.30 | 406.70 | 1.40 | 1.13 | 13.15 | 655 | 9.25 | |
| 423.30 | 426.30 | 3.00 | 0.07 | 5.45 | 493 | 1.57 | |
| 451.50 | 457.50 | 6.00 | 0.08 | 3.45 | 77 | 0.79 | |
| TOM-25-015 | 132.55 | 141.00 | 8.45 | 0.51 | 5.51 | 338 | 1.66 |
| 155.70 | 157.70 | 2.00 | 4.66 | 26.90 | 684 | 10.28 | |
| 182.10 | 202.20 | 20.10 | 0.36 | 3.20 | 265 | 0.77 | |
| 451.20 | 549.70 | 98.50 | 0.82 | 3.21 | 386 | 1.97 | |
| including | 452.20 | 457.10 | 4.90 | 4.69 | 18.80 | 2897 | 4.79 |
| and including | 500.35 | 549.70 | 49.35 | 0.90 | 3.48 | 310 | 3.12 |
| Including | 521.00 | 535.60 | 14.60 | 1.34 | 5.91 | 420 | 4.11 |
| Including | 537.85 | 541.10 | 3.25 | 0.88 | 3.85 | 529 | 5.82 |
| Including | 542.00 | 548.20 | 6.20 | 1.63 | 5.26 | 511 | 7.43 |
Note:
- The reported widths represent core lengths. True width is estimated to be approximately 80%-85% of the core length, depending on the deviation angles.
Drill Hole TOM-25-015: A Major Discovery at Depth
This press release was written by Jack Stoch, P. Geo., Executive Chairman 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. Executive Chairman & CEO Globex Mining Enterprises Inc. 120 Carlton Street, Unit 219 Toronto, Ontario, Canada M5A 4K2 | Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com 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 activity 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 SEDARplus.ca.
A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d0f4ebc9-c7bc-4d28-bd81-9dd3fbd72a0d
