Globex Mining Enterprises Inc. (TSX:GMX)(GLBXF) announced in a press release today that it has acquired by staking 24 unpatented lode claims totaling a surface area of almost 500 acres in Mohave County in Arizona.
The newly acquired Salt Spring project is located at the northernmost margin of the historic Gold Basin Mining District. This area, rich in history and potential, was staked to cover a large number of gold-bearing quartz veins, small historic mine workings and prospects. It was the site of a gold discovery in the early 1870s.
The gold is found in veins and crack-like structures throughout the rock. Geologists have identified three different types of gold deposits based on the metals found with the gold: gold only, gold with copper, and gold with copper, lead, and silver in lesser quantities. The gold-copper and gold-copper-lead deposits are farther away from the intrusion than the gold-only deposits, suggesting they formed…
