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 at a different time.
Globex Mining is a diversified North American portfolio of mid-stage exploration, development and royalty properties containing precious metals, base metals, specialty metals and minerals and industrial minerals and compounds. Canadian shares were trading up in early afternoon trade at $0.83.
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