News: More High grade at Global Minerals Global Reports Strieborná Drill Results
Global Reports Strieborná Drill Results
Confirms High-Grade Zone and Extends Mineralization Upward
June 6, 2013,Global Minerals Ltd. (CTG: TSX-V) is pleased to announce the results of 12 new drill holes from its now-completed underground drill program at its 100% owned Strieborná silver/copper project in Slovakia.
Highlights from the drilling include:
- Drill hole STR-06-13-022 intercepted 11.7 m containing 507 g/t Silver and 1.8 % Copper
- Drill hole STR-06-13-024 intercepted 18.2 m containing 427 g/t Silver and 1.3% Copper.
- Drill hole STR-06-13-025 intercepted 16.7 m containing 489 g/t Silver and 1.5% Copper.
- Drill hole STR-06-13-026intercepted 9.0 m containing 590 g/t Silver and 2.3% Copper.
(Please seethe accompanying table below.)
Drilling from the 2nd drill station on level 6 (approximately 180 meters below surface) confirms that the main body of mineralization continues to extend up-dip and towards the southwest (see illustrations below). The last drill hole, STR-06-13-033, in this area intersected 7.4 meters containing 189 g/t silver and 0.8% copper approximately 10 meters below Level 6 and indicates that the mineralization extends at least 50 meters above the top of the previously projected resource. Significant vein widths and high grade silver and copper mineralization in the upward extension of the vein could improve the project’s economics as a result of early access in these areas.
Bill Pincus, Global’s CEO said, “These are very exciting results and improve the size and potential economics of the property. We have intercepted some very high grades – in some cases multiple kilos of silver per tonne. The persistence of mineralization over the drill hole intercepts coupled with considerable vein thickness is impressive. The upward extension of the vein is also important as it indicates the potential for additional high grade material in areas that are most accessible in the proposed mining sequence.”
The Company intends to use the results of the drill program to update its resource estimate and complete a Preliminary Economic Assessment in the third quarter of this year.
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Strieborna Underground Drill Results
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June 5 2013
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Wt. Ave. Gd.
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Wt. Ave. Gd.
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| Hole ID |
From
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To
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Interval Length†
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Ag ppm
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Cu %
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| STR-06-12-022* |
89.88
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101.60
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11.72
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507
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1.79
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| STR-06-12-023 |
84.30
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98.00
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13.70
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138
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0.53
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| STR-06-12-024* |
84.10
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102.25
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18.15
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427
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1.28
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| STR-06-12-025* |
74.80
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91.48
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16.68
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489
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1.54
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| STR-06-12-026* |
66.53
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75.50
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8.97
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590
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2.27
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| STR-06-12-027 |
40.62
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48.51
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7.89
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137
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0.59
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| STR-06-12-028 |
106.67
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111.95
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5.28
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77
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0.31
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| STR-06-12-029 |
67.64
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76.41
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8.77
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277
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0.96
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| STR-06-12-030 |
60.74
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69.67
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8.93
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271
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1.10
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| STR-06-13-031 |
83.00
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83.82
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0.82
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94
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0.56
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| STR-06-12-032 |
77.82
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85.45
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7.63
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100
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0.49
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| STR-06-12-033 |
77.17
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84.60
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7.43
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189
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0.79
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| * Ag analysis cut to 2000 ppm including 1 sample in STR-06-13-022, |
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| 2 samples in 025, 3 samples in 024 |
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| * Cu and Sb analysis cut to 5% including 1 sample in STR-06-13-022, 029 and 1 Cu sample in STR-06-13-026, 3 samples in 024, and 2 samples in 025
† True vein thickness is less than the interval length
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