GMX.TSX News

Gold exploration gets considerably more interesting when drillers are not starting with a blank map. Across established mining districts, historic workings, previous intercepts and known geological structures can give explorers specific targets to test with modern drilling, particularly when those targets extend beneath areas mined decades ago.Shares of Globex Mining Enterprises Inc. (TSX: GMX) (OTCQX: GLBXF) are edging higher Wednesday after the company announced the start of a 4,800-metre drill program at its 100%-owned Wood/Central Cadillac Gold Mines property in Quebec. Two drill rigs ...

Gold exploration gets considerably more interesting when drillers are not starting with a blank map. Across established mining districts, historic workings, previous intercepts and known geological structures can give explorers specific targets to test with modern drilling, particularly when those targets extend beneath areas mined decades ago.Shares of Globex Mining Enterprises Inc. (TSX: GMX) (OTCQX: GLBXF) are edging higher Wednesday after the company announced the start of a 4,800-metre drill program at its 100%-owned Wood/Central Cadillac Gold Mines property in Quebec. Two drill rigs ...

Resource investors are trained to watch discoveries, drill intercepts, and commodity prices. Less visible, and often more durable, is the question of who pays to advance a project once the geology starts looking promising.Exploration is expensive, financings are dilutive, and many junior companies spend years raising capital to drill ground they may never develop. A smaller group follows a different model. They acquire prospective assets, add value through early-stage work, then bring in partners to fund the heavy lifting while retaining meaningful exposure to future upside. In strong ...

Resource investors are trained to watch discoveries, drill intercepts, and commodity prices. Less visible, and often more durable, is the question of who pays to advance a project once the geology starts looking promising.Exploration is expensive, financings are dilutive, and many junior companies spend years raising capital to drill ground they may never develop. A smaller group follows a different model. They acquire prospective assets, add value through early-stage work, then bring in partners to fund the heavy lifting while retaining meaningful exposure to future upside. In strong ...