tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Globex Mining Reports Successful Drilling at Bald Hill Property

Story Highlights
  • Globex Mining focuses on North American mineral exploration, including antimony and gold.
  • Antimony Resources completed a promising 16-hole drill program on Globex’s Bald Hill property.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Globex Mining Reports Successful Drilling at Bald Hill Property

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Globex Mining Ent ( (TSE:GMX) ) has shared an announcement.

Globex Mining Enterprises Inc. announced that Antimony Resources Corp. has completed a 16-hole drill program on the Bald Hill antimony/gold property in New Brunswick, which is under option from Globex. The drilling, which covered 3,150 meters, revealed significant mineralization, with 70% of the holes intersecting massive stibnite or stibnite-bearing breccia. The mineralized zone extends over at least 400 meters and remains open for further exploration. This development could potentially enhance Globex’s position in the mining sector by expanding its resource base and offering promising prospects for stakeholders.

Spark’s Take on TSE:GMX Stock

According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Neutral.

Globex Mining Ent’s overall score reflects a mixed outlook. Strengths include a debt-free balance sheet and positive corporate developments in resource expansion. However, the high valuation and technical indicators suggest caution. Financial volatility remains a significant risk.

To see Spark’s full report on TSE:GMX stock, click here.

More about Globex Mining Ent

Globex Mining Enterprises Inc. operates within the mining industry, focusing on the exploration and development of mineral properties across North America. The company is involved in various projects that include commodities such as antimony and gold, aiming to enhance its market presence through strategic partnerships and exploration activities.

Average Trading Volume: 26,849

Technical Sentiment Signal: Buy

Current Market Cap: C$72.36M

Find detailed analytics on GMX stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1