Devils Pike
Location, Access, Description
The Golden Pike (formerly Devil’s Pike property) consists of 146 claim units totaling 2,336 hectares. The Devil’s Pike property is located about 72 km by road from the port city of Saint John, (population 70,000). Access from Saint John is by road for approximately 53 km north-easterly along Provincial Highway No. 1, then northerly on Highway 124 for a distance of about 18 km to the village of Hatfield Point. The property is located about one kilometre northwest of Hatfield Point and is bisected by Route 710. Secondary logging roads and footpaths provide access to various portions of the property. A 12.5 kV power line crosses the southernmost portion of the property.
On January 7, 2016 Globex acquired 100% interest in the Golden Pike Property from Rockport Mining Corp., (“Rockport”) a wholly owned subsidiary of Tri-Star Resources Inc. plc. The property is located in the Parish of Springfield, Kings County and Wickham Parish, Queens County, south central New Brunswick. Under the agreement Globex paid Tri-Star 350,000 shares of Globex. There is also a two percent (2% NSR) underlying royalty to a third party. The royalty may be purchased for CDN$ 500,000 per half percent (0.5%).
Globex has signed an option agreement on its Golden Pike gold property in New Brunswick with Australian company Bryah Resources Limited (BYH-ASX) (see Globex press release dated May 22, 2025 for more details). Bryah Resources rebranded as Albright Metals Limited (ABR-ASX) in 2025.
The property is the subject of a technical report dated August 19, 2011 by Roscoe Postle Associates Inc. (RPA) on behalf of Portage Minerals Inc. (Portage). This report was prepared to support disclosure of an initial Mineral Resource Estimate for the Golden Pike deposit. The report describes exploration work completed on the property to the effective date of the report. Information below as related to the property is summarized from the RPA report.
Geology and Mineralization
Geological Setting
The Devils Pike property is located near the boundary of the Cambro-Ordovician Annidale Group and the Silurian Mascarene Group, which are locally separated by the northeast-trending Taylor Brook Fault Zone. The Annidale Group, which occurs north the Taylor Brook Fault Zone, is a sequence of interbedded mafic to felsic volcanic rocks with clastic sedimentary and volcanogenic sedimentary assemblages
The Devils Pike property is located in the Mascarene Group rocks. It is located less than 500 m south of the interpreted trend of the northeast-trending Taylor Brook Fault.
The Mascarene Group, which occurs south of the Taylor Brook Fault Zone, is possibly the easternmost extension of bimodal rocks (basaltic-rhyolitic) of the Coastal Volcanic Belt (CVB), which extends from southern Maine into southern New Brunswick. The Mascarene Group is the southernmost of several Silurian-Devonian volcanic belts that occur in northeastern North America. From base to top, the Mascarene Group comprises the Henderson Brook, the Grant Brook, the Long Reach and the Jones Creek Formations.
Mineralization
Gold mineralization on the Devils Pike property is hosted by mafic volcanic rocks of the Grant Brook Formation.
RPA cites reports from Watters (1995), Davis (1998), Lafontaine (2005), and Lafontaine et al. (2005) with the following:
The mineralizing system trends northerly, dips steeply to the west, and has a true width varying from one metre to five metres. Wider mineralized intervals may be a result of en echelon veining or splaying of veins. The veining is structurally controlled along a brittle fracture and is oblique to the regional northeast structural trend. The veining consists mainly of quartz and carbonate with or without sulphides. Many of the veins appear to be composite, consisting of more than one generation of quartz and/or carbonate.
Quartz and calcite are the main gangue mineral phases of the vein system, although ankerite may be present in minor amounts. Both quartz and calcite are generally fine to very fine grained and subhedral to anhedral in form. Sulphides and gold mineralization are mostly quartz hosted but some mineralized zones are located at the quartz-calcite interface. Laminated or ribbon texture is common, notably along the outer few centimetres of wider massive veins. Carbonate veins, up to several metres in thickness, generally consisting of coarse white or grey mottled calcite or finer grained (mylonitized) banded grey and white calcite layers, may flank or be located marginal to quartz veins. The sulphide content of carbonate veins rarely exceeds 2%. At least one minor phase of quartz veining postdates the mineralized veins. Locally, narrow carbonate veinlets crosscut both quartz and sulphides of the mineralized veins.
Gold-rich sections of the veining correlate with higher sulphide content. Electrum is the only significant gold-bearing mineral, with silver content ranging from 3% to 8%. The gold is found as grains in quartz, in fractures, in sulphides and peripheral to sulphides. Pyrite is the most common sulphide, but chalcopyrite, minor tetrahedrite/tennantite and lesser sphalerite and galena have been observed. Arsenopyrite is generally absent from the assemblage or present in only trace amounts. Sulphides in the quartz veining generally occur as fine-grained disseminations of on the order of 1% to 2%, but sulphide-rich sections may contain up to 15% sulphides.
The Golden Pike property also hosts significant antimony (Sb) mineralization similar to the one observed on the Bald Hill property located about 10 km to the west. Prospecting samples collected by Rockport in 2008 along a northwest trending airborne lineament has returned antimony values from angular boulders grading up to 53% Sb in the western part of the Devils Pike property (Bond Road showing). The source of these high grade boulders is felt to be local and defines the Bond Road (sometimes called “Bald Hill East”) showing. Strong in-soil Sb anomaly is observed in this area.
The Sb mineralization appears to be vein-style mineralization associated with a northwest trending fault zone/lineament. Stibnite (Sb2S3), pyrite, and arsenopyrite are the most common sulphides present, but minor galena has also been observed. Sporadic gold is also present in lower-grade antimony mineralized zones, either due to pre-existing gold mineralization associated with an earlier deformation event or was remobilized during the stibnite vein forming event.
History
For a detailed history of the work done on the property before 2008, please refer to RPA’s 2011 NI 43-101 Technical Report of the Golden Pike project (Chamois et al., 2011) for Portage Minerals.
In 2008, initial prospecting by Rockport has located another high grade antimony target located approximately 3 kilometers east of Bald Hill, in western part of the Devils Pike property. Prospecting samples collected along a northwest trending airborne lineament has returned strong antimony anomalies from angular boulders, assaying up to 53.00 % SB and 1.86 g/t Au. Of the eleven (11) anomalous samples collected seven (7) returned assay results greater than 15% Sb. Subsequent soil sampling program on the Bond Road grid highlighted strong Sb anomaly in the western part of the Devils Pike property. VLF-EM geophysical survey highlighted several N-S to NW-SE anomalous trends.
From December 2007 to September 2008, Rockport completed an 11,570.80 m NQ drilling program designed to test the Parallel and Main gold zones of the Devils Pike property.
In 2010, Portage Minerals and Rockport retained Conestoga-Rovers & Associates (CRA) to complete the National Instrument (NI) 43-101 Technical Report of the Bald Hill antimony exploration project (MacDonald, 2010) which at the time included part of the Devils Pike property.
In 2011, Portage Minerals retained Roscoe Postle Associates (RPA) to complete the National Instrument (NI) 43-101 Technical Report of the Gold Pike project (Chamois et al., 2011) which at the time included part of the Devils Pike property. A Mineral Resource of 214.8 Kt @ 9.60 g/t Au (capped) was estimated in the Inferred Category for both Main and Parallel Zone (see table below):
RPA Mineral Resource Estimate – May 26, 2011 Portage Minerals Inc. – Golden Pike Project
|
Classification |
Zone |
Tonnes (‘000) |
Capped Au (gpt) |
Au Oz (‘000) |
Uncapped Au (gpt) |
Au Oz (‘000) |
| Inferred | Main Zone | 78.2 | 11.47 | 28.8 | 17.10 | 43.0 |
| Inferred | Parallel Zone | 136.6 | 8.54 | 37.5 | 11.41 | 50.1 |
| Inferred | Total | 214.8 | 9.60 | 66.3 | 13.48 | 93.1 |
Notes: 1. CIM definitions have been followed for classification of Mineral Resources. 2. The Qualified Person for this Mineral Resource estimate is Tudorel Ciuculescu, P.Geo. 3. Mineral Resources are estimated at a cut-off grade of 5 g/t Au and a minimum thickness of two metres. 4. Mineral Resources are estimated using an average long-term price of US$1200 per oz Au, and a C$:US$ exchange rate of 1:1. 5. The Mineral Resource estimate uses drill hole data available as of May 26, 2011. 6. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. 7. The uncapped Au grades are listed for comparative purposes only. 8. Totals may not add correctly due to rounding.
The resource was increased in 2013 to 270.5 Kt @ 9.39 g/t Au (capped) still in the Inferred Category (RPA Memorandum dated December 5, 2013).
In 2025, Bryah Resource confirmed high-grade mineralization in rock chip samples from the Bond Road Prospect (up to 57.0% Sb) and Vail Road deposit (up to 9.48 g/t Au). Bryah rebranded as Albright Metals then completed a 15 holes (990 metres) infill and extensional drilling program on the Vail Road High Grade Gold deposit, in the SE part of the Golden Pike property. Samples from target zones have been sent to a laboratory for assay, with results expected to be received progressively during January, 2026 (See Globex press release dated December 22, 2025).
The rig will be moved to the Bond Road Antimony Prospect next to conduct an initial 1,200 m drilling exploration program targeting antimony in an area of strong soil anomalism and where high-grade stibnite boulders have been found at surface (See Bryah Resource press release dated October 7, 2025).
Resources and Potential
The Golden Pike property has significant economic potential due to the variety of mineralization it hosts. Anomalies of gold, base metals (Ag, Cu, Zn, Pb) and antimony (Sb) have been identified by historical work.
The most studied commodity on the property is gold (Au) with numerous historical drillings carried out on the Devils Pike deposit which led in 2013 to a Mineral Resource Estimation of 270.5 Kt @ 9.39 g/t Au (capped) still in the Inferred Category (RPA Memorandum dated December 5, 2013).
The antimony (Sb) potential however has not been much considered by historical works, despite strong anomalies up to 53% Sb in grab samples from boulders associated with strong in-soil Sb anomalies. Mineralization style is very similar to the one of the Bald Hill deposit located about 3 km west of the Golden Pike property. Antimony Resources recently filed a NI 43-101 Technical Report on the Bald Hill property in October 2025 which indicates a potential for 2.7 Mt of ore grading 3% to 4% Sb (Langton, 2025).
Geophysical surveying in the Bond Road showing area highlighted a N-S to NW-oriented corridor composed of numerous strong and well-defined VLF-EM conductor axis concordant with anomalous soil geochemical results for Sb and As.
It is thus strongly recommended to further explore this area of the property by additional prospection and ground geophysics (Mag, EM and IP) in order to characterize a geophysical signature of the mineralization and to generate targets for rock stripping and diamond drilling.
Albright reports that “The Company’s current focus is on progressing the Vail Road Gold Deposit, which has a NI 43-101 Foreign Resource Estimate, towards development (See press release dated May 21, 2025) and that “Multiple targets for gold and antimony mineralisation across the northern half of the Mineral Claims are being evaluated and prioritised for follow up exploration.”
Globex is pleased with the rapid program at the Golden Pike (formerly Devils Pike) property and looks forward to rapid advancement of the property’s potential.