Global Minerals Ltd.: Positive Initial Underground Drill Results at Strieborna
Published : January 20, 2013

Highlights include 297 grams Ag/tn over 7.1m and 156 grams Ag/tn over 7.5m

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Keywords :   Antimony | Canada | Copper | Gold | Mercury | Romania | Silver | Slovakia |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2013) - Global Minerals Ltd. (TSX VENTURE:CTG)(OTCBB:GMLFF) is pleased to announce the initial results from an on-going underground drill program at its 100% owned Strieborná silver project in Slovakia. The program is designed to define and expand resources in the upper portion of the mineral deposit in areas where early mine development may be anticipated.

Table 1. Strieborná Underground Drill Results
Hole ID From To (meters) Ag ppm Cu %
STR-06-12-001 125.80 127.95 2.15 289.0 1.22
STR-06-12-002 124.55 127.50 2.95 233.8 0.99
STR-06-12-003 148.10 148.55 0.45 1420.0 11.25
STR-06-12-004 149.15 151.30 2.15 No significant values
STR-06-12-005 122.90 124.95 2.05 28.3 0.21
STR-06-12-006 138.05 145.57 7.52 156.1 0.61
STR-06-12-007 142.53 149.65 7.12 297.1 1.21
STR-06-12-008 132.65 140.30 7.65 41.2 0.16
Cu analyses top-cut to 5% for one sample in STR-06-12-006
Assays for the intervals are weight averaged.

Drilling was conducted from the first of two drill stations on Level 6 approximately 180 meters below surface. The top of the deposit is approximately 35-50 meters below this level. The drill program will confirm the upper limits of the deposit as well as the grade and continuity of the silver resource in this area. Future resource estimates and development plans to exploit this high grade area of the deposit will be based on this new information.

An updated resource estimate is planned for Q3 2013 and will be incorporated into engineering and economic studies being carried out by AGP Mining Consultants on behalf of the Company.

About Strieborná

Strieborná is a high-grade silver-copper vein type deposit in an historic mining district near the town of Roznava in eastern Slovakia. It has excellent expansion potential over and above the already well-defined resource. Significant infrastructure at site include a working shaft and hoisting system, extensive underground access through a series of drifts, crosscuts and tunnels and associated surface facilities. Global is using all efforts to advance the property into commercial production.

To view the map accompanying this press release please click on the following link:

QUALIFIED PERSON: William Bond, M.Sc., Geol. and VP Exploration for Global is the Qualified Person (QP) under NI 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. Field work has been conducted under his supervision. All samples were submitted to ALS Minerals for analysis in Rosia Montana, Romania and Vancouver, Canada. 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 (ICP-AES) using four acid digestion methods. Mercury values were analyzed by induction coupled plasma - atomic emission spectroscopy (ICP-AES) using an aqua regia leach. Quality control and quality assurance protocols were incorporated with the submitted samples which included standards, blanks, and duplicate analysis.

FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.

FORWARD-LOOKING STATEMENTS are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Readers are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Readers should refer to the annual information form of Global for the year ended June 30, 2010 and other continuous disclosure documents filed by Global since September 30, 2010 available at, for this detailed information, which is subject to the qualifications and notes set forth therein.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Global Minerals Ltd.
William Pincus
President and CEO
Global Minerals Ltd.
Ms. Lubica Parilakova
Manager Investor Relations
Data and Statistics for these countries : Canada | Romania | Slovakia | All
Gold and Silver Prices for these countries : Canada | Romania | Slovakia | All

Global Minerals Limited

ISIN : CA37947Y3014
CUSIP : 209283
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Global Minerals is a silver development stage company based in Canada.

Its main exploration properties are RED LAKE, GOOD HOPE, QUARTER HORSE, JEN CLAIM BLOCK and GRANITE PEAK in Canada and STRIEBORNA in Slovakia.

Global Minerals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 197 700 as of today (US$ 160 552, € 143 807).

Its stock quote reached its highest recent level on April 08, 2011 at CA$ 6.70, and its lowest recent point on June 26, 2015 at CA$ 0.01.

Global Minerals has 39 540 000 shares outstanding.

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Annual reports of Global Minerals Limited
2007 Annual Report
Financings of Global Minerals Limited
6/21/2011Announces $5,000,000 Private Placement
Nominations of Global Minerals Limited
5/31/2011Announces Management Appointments
Project news of Global Minerals Limited
9/18/2013(Strieborna)Reports Strieborna Resource Update
5/6/2013(Strieborna)Positive Underground Drill Results at Global's Strieborna Ve...
4/3/2013(Strieborna)s Strieborna Drill Results
1/20/2013(Strieborna)Positive Initial Underground Drill Results at Strieborna
10/22/2012(Strieborna)Commences Underground Drilling and Engineering Studies at St...
2/24/2009(Strieborna)Outlines Continued Progress At Strieborna
6/23/2008(Front Range)ships 7 truckloads of concentrate
4/22/2008(Strieborna)N 43-101 technical report
Corporate news of Global Minerals Limited
5/21/2015Global Minerals’ Circular and Proxy Voting Materials Sent to...
4/17/2015Global Minerals divests and rights down the Strieborná Silve...
4/17/2015IIROC Trading Resumption - CTG
4/17/2015IIROC Trading Halt - CTG
1/26/2015(Strieborna)Files Complete Preliminary Economic Assessment of Its Strieb...
6/6/2013(Strieborna)Reports Strieborna Drill Results; Confirms High-Grade Zone a...
3/12/2013Secures Tailings Facility and Local Cooperation Agreement
3/30/2011Acquires Remaining 30% Interest in Global Minerals Slovakia ...
11/23/2010Completes Further Strategic Investment in Global Minerals Lt...
7/17/2009Guidance on Cancer Drug Testing Timetable
9/4/2008Completes $2 Million Loan Financing with Investec Bank (UK) ...
8/18/2008Completes First Drawdown in $2 Million Loan Financing
7/10/2008Arranges $2 Million Loan Financing
7/9/2008arranges $2-million (U.S.) loan
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