VANCOUVER, May 31, 2011 /CNW/ - Global Minerals Ltd. (TSXV: CTG) Global Minerals is pleased to announce several management appointments to strengthen its mining team in Slovakia as well as its marketing and investor relations efforts world-wide.
Global is building a team with local mining expertise that will be responsible for all activities, including permitting, surface facility rehabilitation and construction, mine dewatering and the rehabilitation of subsurface facilities in order to complete proposed underground drilling programs, bulk metallurgical sampling and eventual mining operations if justified.
Mr. Bohus Sliacky, Mine Manager brings 24 years of senior mine management and executive experience in Slovakia. Mr. Sliacky is a Mining Engineer and graduate of the Technical University in Kosice. He has worked in the coal mining industry in various capacities and held the position of Inspector of Mines and Head of the District Mines Office. His most recent appointment was the Head of the Mining Bureau in the District of Prievidza.
Mr. Ivan Dianiska, Hydrogeologist is a Geological Engineer with a degree from the University in Bratislava. His thesis was a study of the waters flowing from the Strieborná and Maria Mines in Roznava. He has experience resolving various hydrogeological and environmental issues associated with mining projects.
Ms. Lubica Parilakova, Manager of Investor Relations, is a communications professional with over 5 years of experience in marketing, business development, publicity, brand strategy and journalism. She is fluent in several languages including Slovak and will be responsible for developing corporate communications programs as well as handling investor relations.
About Strieborná
Strieborna, located in eastern Slovakia (a full-fledged member of the European Union), is a high-grade silver-copper-antimony deposit with a defined resource. The project is part of an historic mining district near the town of Roznava, known for its iron ore production and the neighbouring Maria Mine (now shut down). The resource occurs within a mineralized structure 1.2 kilometres long, 600 metres deep and having an average thickness of 3.4 metres. The resource has been defined by previous drilling and a series of four horizontal underground drifts totaling 3,000 metres. The mineralization is open in various directions along the vein structure. Other similar structures have been identified within the mining and exploration leases, and these will also be tested for metal potential in this and the subsequent drill programs.
Besides the upside exploration potential and the high-grade nature of the polymetallic mineralization, the project has excellent infrastructure, including sufficient electrical power, railway access, paved highways and a work force experienced with underground operations. Underground access is available through the adjacent Maria Mine workings.
In compliance with NI 430-101, George W. Heard, MBA, PEng, is the qualified person responsible for the accuracy of this release. The full complete NI 43-101 technical report for Strieborna can be found on SEDAR or Global's website.
Global Minerals Ltd. is a Canadian exploration and development company focused on developing its advance high-grade silver, copper, antimony Strieborna Project in Slovakia. Global is 35% owned by Esperanza Resource Corp. (EPZ.V) whose principles were previously familiar with the Strieborna Project and are now intimately involved in supervising the technical programs and future development.
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 www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.
RESOURCES: The terms "measured resource", "indicated resource" and "inferred resource" used in this news release are Canadian geological and mining terms as defined in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council as may be amended from time to time by the CIM. Mineral resources that are not mineral reserves do not have demonstrated economic viability. We advise U. S. investors that while such terms are recognized and permitted under Canadian regulations, the SEC does not recognize them. U. S. investors are cautioned not to assume that any part or all of the mineral deposits in the measured, indicated, and inferred categories will be converted into reserves.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
