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.
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
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
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.
For further information:
about Global, visit www.globalminerals.com, or contact:
George Heard, CEO at 604.632.0085, firstname.lastname@example.org.