Globex Discovers Wide Gold Zones at the Salt Spring Project in Arizona

About this update from Globex Mining Enterprises Inc.

TORONTO, June 02, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide a summary of past and follow-up exploration efforts by Globex at its Salt Spring Gold Project. The properties main claim block was staked in September 2023 and was expanded by staking in March 2025 and again in March 2026. It is in northwestern Arizona, Mohave County, 85 km southeast of the city of Las Vegas, Nevada. The Salt Spring property now consists now of 57 unpatented lode claims. The property has a total surface area of 471.77 ha. Highlights of recent Exploration: The project area is situated at the northernmost margin of the historic Gold Basin mining district. This district is rather large, about 18 km long (N-S) and 7 to 11 km wide. A number of conspicuous major faults and lineaments crosscut the Gold Basin – Lost Basin Mining District. Some might be directly related to gold mineralization. The gold mineralization in the district is not evenly distributed but rather restricted to several distinct gold-corridors. Gold mineralization in the northern Gold Basin district is confined to a roughly east-west orientated 7 km long corridor, ranging in width between 0.4 km and up to 1 km. Globex’s Salt Spring Property covers this northern gold corridor. Within this corridor are located a great number of historic exploration workings. There were historically 22 small scale mines and at least 70 prospects and cuts found on the property. The largest historic mine was the Gold Hill mine, located in the East claim block. The Gold Hill Mine produced high-grade gold ore intermittently between 1930 and 1942. No production records from the Gold Hill Mine have been found except a note that reports 359.57 t averaging 21.7 g/t Au in 1940. Regional Geologic Map of the Gold Basin-Lost Basin Mining District, Arizona Larger historic Au mines marked as yellow dots. Globex’s Salt Spring Property covers the northernmost about E-W trending gold corridor. Gold in the district occurs in narrow, partly high-grade mesothermal quartz-carbonate veins, but the bulk is of low-grade hosted in stockwork- and disseminated zones. It is believed that gold deposition occ...

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