Globex's Gold/Silver Exploration Property in Nevada

Core Viewpoint - Globex Mining Enterprises Inc. has announced the staking of 16 unpatented lode claims covering 133.78 hectares in Clark County, Nevada, with significant assay results indicating high-grade silver and gold mineralization [1][2]. Group 1: Project Overview - The Red Star Project encompasses two epithermal quartz vein systems: the over 2 km long Red Star vein system and the 470m long segment of the Double Standard vein system, located 2.5 km south of the Red Star vein [2]. - Initial fieldwork has included geological mapping and the collection of 65 rock samples, primarily grab and linear chip samples, from the Red Star property [4][17]. Group 2: Historical Context - Prospecting in the Crescent Mining district began around 1894, with significant activity occurring from 1905 to 1907, but no major discoveries were made until the revival of metal mining in 1936 due to rising precious metal prices [3]. - The Red Star vein system has historical mining activity dating back to 1907-1914, with previous operations by the Red Star Mines Company [3]. Group 3: Geological Features - The Red Star vein system trends approximately 100° with an average dip of 55°N, extending over a lateral distance of 2000 m, likely continuing under sedimentary and volcanic rock cover [5]. - The Double Standard vein system averages 105° in strike and 70° in dip, with a traceable length of 470 m [6]. Group 4: Mineralization and Assay Results - The project exhibits epithermal mineralization of low- and intermediate sulfidation types, with significant assay results from various pulses indicating high gold and silver values [7][8][9]. - Notable assay results include up to 1,171 g/t silver and 11.5 g/t gold from grab samples, with various samples yielding gold equivalent values ranging from 0.245 g/t to 20.4 g/t [10][11]. Group 5: Analytical Methods - Samples were analyzed at American Assay Laboratories in Sparks, Nevada, using ISO 17025 certified methods, including ICP-OES and fire assay techniques for gold and silver [17].