Globex Acquires Numerous High-Grade Gold Targets in Arizona

Core Viewpoint - Globex Mining Enterprises Inc. has successfully staked 40 lode claims in the historic Gold Basin mining district, covering a total surface area of 334.45 hectares, indicating potential for gold exploration and production in the area [1][2]. Group 1: Acquisition Details - The newly acquired property, named the Salt Spring Project, includes 24 lode claims in the West Claim Block and 16 lode claims in the East Claim Block [1]. - The project is strategically located in northwestern Arizona, approximately 85 km southeast of Las Vegas, Nevada, and 15 km south of Lake Mead [2]. Group 2: Historical Context - Gold was first discovered in the Gold Basin district in the early 1870s, with significant production occurring before 1932 from several mines, including El Dorado and Excelsior [3]. - The Gold Hill Mine, located in the East Block, was the largest operation in the northern Gold Basin region, with intermittent production from 1930 to 1942, and historical records indicate extraction of approximately 359.57 tons of gold ore averaging 21.7 g/t Au [3]. Group 3: Recent Exploration Results - Globex conducted preliminary fieldwork, collecting 131 rock samples and 32 soil samples, revealing high-grade assay results from the West Claim Block, including samples with gold grades of 25.6 g/t Au and 17.8 g/t Au [5][8]. - Notable samples include a linear chip sample from the Central vein system that assayed 49.27 g/t Au, marking the highest grade from the Salt Spring project [8]. - Additional significant findings include samples from the North Mine returning gold grades of 20.8 g/t Au and 26 g/t Au [9]. Group 4: Analytical Methods - Rock samples were analyzed at American Assay Laboratories in Sparks, Nevada, using ISO 17025 certified methods, including ICP-OES analysis and fire assay for gold [14].