Global Minerals (CTG-V) drills 5.6 m of 453 g/t Ag in Slovakia
April 3rd, 2013 - News Release
Global Minerals Ltd. has released the results of eight drill holes from its infill and expansion underground drill program at its 100-per-cent-owned Strieborna silver/copper project in Slovakia. Drilling results continue to confirm the high-grade nature of the vein in the upper portion of the deposit. As part of the mine planning study, this area is expected to be mined first. Drilling continues from the second (southwest) drill platform on level 6 to test for grade continuity and new areas that may lead to resource expansion.
Drill hole STR-06-12-009 intercepted 5.6 metres at 453 grams per tonne silver and 1.8 per cent copper.
Drill hole STR-06-12-010 intercepted 2.8 metres at 353 grams per tonne silver and 1.4 per cent copper.
Drill hole STR-06-12-015 intercepted 4.9 metres at 390 grams per tonne silver and 1.1 per cent copper.
Drill holes STR-06-12-011 to 013 did not encounter significant mineralization and have confirmed the upper limit (northeast extension) of the vein, which approximates the limits of the 2008 geological model. The results of the drill program will be used in an updated resource estimate and economic assessment being performed by the company's independent consultants AGP Mining Consultants Inc.
About Strieborna
Strieborna is a high-grade, silver-copper, vein-type deposit in an historic mining district near the town of Roznava in eastern Slovakia. Significant infrastructure at the site includes a working shaft and hoisting system, extensive underground access through a series of drifts, crosscuts and tunnels and associated surface facilities, including a tailings facility. Global is working to advance the property into commercial production with a significant high-grade resource base that also has excellent expansion potential.
Qualified person
William Bond, MSc, Geol, vice-president, exploration, for Global is the qualified person under National Instrument 43-101 responsible for the Strieborna exploration program. He has verified the drill results and other data disclosed in this news release, including sampling, analytical and test data. Fieldwork has been conducted under his supervision. All samples were submitted to ALS Minerals for analysis in Rosia Montana, Romania, and Vancouver. Gold samples were analyzed by fire assay and atomic absorption spectroscopy with a 30-gram nominal sample weight. Silver, copper and antimony were analyzed by induction coupled plasma-atomic emission spectroscopy using four-acid digestion methods. Mercury values were analyzed by induction coupled plasma-atomic emission spectroscopy using an aqua regia leach. Quality control and quality assurance protocols were incorporated with the submitted samples, which included standards, blanks and duplicate analysis. |
