Globex Mining Acquires Valuable Gold Claims in Arizona
Globex Mining Enterprises Inc. (TSX: GMX) is thrilled to announce the acquisition of numerous lode claims in Arizona's historic Gold Basin mining district. This strategic move positions the company to tap into the area's rich deposits of high-quality gold, which has a storied history dating back to the 1800s.
Overview of the Salt Spring Project
The newly acquired property, known as the Salt Spring Project, encompasses 40 lode claims spanning a total surface area of 334.45 hectares. This site was carefully selected due to its proximity to numerous gold-bearing quartz veins and remnants of historic mining operations that suggest substantial mineralization potential.
Historic Mining Background
The Gold Basin district saw the initial discovery of gold in the early 1870s, with key production stemming from notable mines such as El Dorado and Golden Rule prior to 1932. The Salt Spring Project is particularly intriguing, given the historical presence of several small mines and prospects, indicating a well-established foundation for gold mining activity.
Recent Geological Findings
Globex has conducted preliminary geological mapping and sampling that revealed compelling results. In total, 131 rock samples and 32 soil samples were collected, yielding impressive assay results. Among the findings, high-grade mineralization was documented in the West Claim Block, with samples producing notable gold and copper grades.
Sampling Results Highlight High-Grade Gold
Significant assay results include grab sample B-1, revealing gold grades of 17.8 g/t and 0.13% copper. Another notable find, from sample B-29, showed an exceptional 25.6 g/t gold and 0.17% copper. These outstanding results highlight the mineral potential present at the Salt Spring Project and underscored the viability of future exploration endeavors.
Key Mining Operations
The historic Gold Hill Mine, which played a role in early gold production, lies within the East Block of the Salt Spring Project. Although production records are limited, historical documentation indicates significant gold recovery through various mining efforts, including two notable tunnels that provided access to underground workings.
Continued Exploration and Future Prospects
Globex remains committed to further exploration and analysis of the Salt Spring Project. With a geological team dedicated to expanding the understanding of the area, the potential for discovering lucrative gold deposits appears promising. Future exploration campaigns will likely build upon the rich knowledge gained from previous mining activities and current sampling efforts.
Analytical Methods Used
The samples taken from the Salt Spring Project were meticulously prepared and analyzed to ensure accuracy. Utilizing American Assay Laboratories (AAL), known for its ISO 17025 certification, these samples underwent extensive testing methods. This process included a robust five-acid digestion followed by various analyses, ensuring that all mineral content was thoroughly evaluated.
Contact for Further Information
For further inquiries, please contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street, Rouyn-Noranda, Quebec, Canada J9X 2J1
Tel: 819-797-5242
Fax: 819-797-1470
Email: info@globexmining.com
Website: www.globexmining.com
Frequently Asked Questions
What is the Salt Spring Project?
The Salt Spring Project is a collection of 40 lode claims acquired by Globex Mining in the Gold Basin mining district, known for its historical gold production.
What recent findings have been reported?
Recent geological sampling has revealed high-grade gold and copper concentrations, particularly in the West Claim Block of the Salt Spring Project.
Who is the CEO of Globex Mining?
The CEO of Globex Mining Enterprises Inc. is Jack Stoch, who is also a qualified geologist overseeing the exploration efforts.
How has Globex Mining evaluated its samples?
The company sent rock samples to American Assay Laboratories for advanced geochemical analysis, ensuring reliability in assay results.
What historical significance does the Gold Basin mining district hold?
The Gold Basin district has a rich mining history dating back to the early 1870s, with several mines contributing to its historical gold production.
