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Globex Acquires Numerous High-Grade Gold Targets in Arizona
ROUYN-NORANDA, Quebec, July 23, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX &#...
About this update from Globex Mining Enterprises Inc.
[{"type":"text","content":"Globex Acquires Numerous High-Grade Gold Targets in Arizona\n\n\n\n ROUYN-NORANDA, Quebec, July 23, 2025 (GLOBE NEWSWIRE) --\n \n GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,\n \n\n Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch\n \n\n anges\n \n\n and GLBXF – OTCQX International in the US)\n \n is pleased to report to shareholders that it has acquired by staking 40 lode claims in the north of the famous historic Gold Basin mining district. The property consists of 24 lode claims in the\n \n West Claim Block\n \n and 16 lode claims in the\n \n East Claim Block\n \n . Total surface area amounts to 334.45 ha.\n \n\n\n The property herein called the\n \n\n Salt Spring Project\n \n\n was staked to cover numerous gold-bearing quartz veins, small historic mine workings and prospects.\n \n It is located in northwestern Arizona, Mohave County, 85 km in beeline southeast of the city of Las Vegas, Nevada and about 15 km south of Lake Mead.\n \n\n Gold was discovered in the district in the early 1870's with most of the production prior to 1932 coming from the El Dorado, Excelsior, Golden Rule, and Cyclopic mines. Total historic gold production is not known.\n \n In the area covered by Globex’s Salt Spring\n \n West Claim Block, 14 small mines and at least 15 prospects\n \n had been previously identified.\n \n The historic Gold Hill Mine, the small North Mine, Central Mine and about 15 small prospects, cuts or workings are in the East Block.\n \n Although the largest mine in the northern Gold Basin region, the\n \n Gold Hill Mine\n \n was a rather small operation with intermittent production between 1930 and 1942. According to records from 1940 there exist two tunnels 55 m and 18 m in length and one inclined shaft to 12 m depth. A few thousand tons must have been extracted from the mine considering the size of underground mine workings and mine dump (about 2000 tons). Old records to past production are limited to a note that reports\n \n 359.57 t averaging 21.7 g/t Au\n \n in 1940 (composed of 11 individual shipments of ore ranging in size between 13 t and 127 t and grades between\n \n 11.9\n \n\n g/t Au\n \n and\n \n 48 g/t Au\n \n ).\n \n (Source:\n \n\n Meredith W. M. (1940) Owners Mine Re...