Initial drilling identifies strongly anamalous gold values at Quarter Horse Jerritt Canyon Nevada Project



    TSX Venture Exchange
    Symbol: CTG
    Frankfurt Exchange
    Symbol: DFP.F

    VANCOUVER, Jan. 30 /CNW/ - Global Minerals Ltd (TSXV:CTG, Frankfurt:DFP)
is pleased to announce the initial drilling results for its Quarter Horse
Jerritt Canyon Nevada Project:

    STRONGLY ANAMALOUS GOLD VALUES ENCOUNTERED
    ------------------------------------------
    Strongly anomalous gold values within upper plate rocks were returned
from hole QH07-5, including 115 ft @ 136 ppb Au (including, internally, 20 ft
@ 229 ppb, and 10 ft @ 244 ppb Au). The highest 5-foot interval within this
zone was 381 ppb Au (0.011 opt). Local, very strongly anomalous
arsenic-antimony intervals were penetrated including 25 ft averaging 424 ppm
As and 80 ppm Sb. These levels of gold and trace elements are considered very
strongly anomalous in upper plate rocks of the Jerritt District, and may
represent "leakage" from a gold-mineralized system at depth. Please see the
drilling results summary below:

    
             2007 Global Minerals Drilling Program Data Summary
    -------------------------------------------------------------------------
                      Planned
                      Depth         T.D.  Gold           Interval
    Hole No. Target   (ft)   Angle (ft)  (ft@ppb Au) (from-to)  Comments
    -------------------------------------------------------------------------
    QH07-1   North    1,000  -90  1,000  20'@206 ppb  265'-285' 100+ gpm
             Limb                                                  water
    -------------------------------------------------------------------------
                                         5'@107 ppb   430'-435'
    -------------------------------------------------------------------------
                                         5'@119 ppb   690'-695'
    -------------------------------------------------------------------------
                                         5'@142 ppb   800'-805'
    -------------------------------------------------------------------------
                                         10'@104 ppb  860'-870'
    -------------------------------------------------------------------------
                                         5'@155 ppb   945'-950'
    -------------------------------------------------------------------------
                                         5'@232 ppb   965'-970'
    -------------------------------------------------------------------------
    QH07-2   North    1,000  -90    385  5'@106 ppb   335'-340' 100+ gpm
             Limb                                                  water,
                                                                   lost hole
    -------------------------------------------------------------------------
    QH-3     Main     1,200  -90      0                            Not
             Resource                                              Drilled
    -------------------------------------------------------------------------
    QH-4     Main     1,200  -90      0                            Not
             Resource                                              Drilled
    -------------------------------------------------------------------------
    QH07-5   South    1,200  -90    305  115'@136     170'-285' 100+ gpm
             Limb                        ppb                       water,
                                                                   caving,
                                                                   lost hole
    -------------------------------------------------------------------------
                                         Incl 20'@    170'-190'
                                         229 ppb
    -------------------------------------------------------------------------
                                         Incl 5'@     170'-175'
                                         381 ppb
    -------------------------------------------------------------------------
                                         Incl 10'@    210'-220'
                                         244 ppb
    -------------------------------------------------------------------------
    QH07-6   South    1,200  -90    305  None                      100+ gpm
             Limb                        greater than              water,
                                         100 ppb                   caving,
                                                                   lost hole.
                                                                   70'-95',
                                                                   25'@424
                                                                   ppm As,
                                                                   80 ppb Sb
    -------------------------------------------------------------------------
    QH07-6A  South           -90    265  Not assayed               100+ gpm
             Limb                                                  water,
                                                                   caving,
                                                                   lost hole
    -------------------------------------------------------------------------
    

    Five reverse circulation holes were completed for a total of 2,260 ft.
Difficult drilling conditions (caving and very high water flows) resulted in
only one of the six planned holes reaching target depth. Three of the holes
were lost before reaching the lower plate; however, two of the holes reached
lower plate Roberts Mountains and Hanson Creek carbonates, and moderately to
strongly anomalous gold values were encountered, including 20 ft @ 206 ppb Au.
A promising 5-foot interval ran 281 ppb Au (0.008 opt). Arsenic and antimony
showed scattered anomalous zones, ranging up to 25 ft @ 332 ppm As, and 25 ft
@ 46 ppm Sb.
    Three target zones were identified for drilling within the Quarter Horse
Ranch Project in 2007. These targets possess gold and trace element soil
anomalies that correlate very well with northwest trending structures defined
by gravity and CSAMT surveys, and the intersections of these structures and
the prominent northeast trending Williams fault. The target areas are similar
in size to deposits which have been discovered in the past in the Jerritt
Canyon district. Two vertical reverse circulation drill holes were proposed to
test each target, for a total of six holes. Drill holes were planned to reach
depths ranging from 1,000 to 1,200 feet, for a total of approximately
7,000 feet.
    It is recommended that additional, follow-up drilling be performed
adjacent to hole QH07-5. Drill holes that were lost before reaching target
depth still remain viable targets, and should be re-drilled. Anticipated
difficult drilling conditions will require either flooded-reverse circulation
or core drilling methods to reach target depths of approximately 1,000 ft.
Additional high-value targets remain to be tested throughout the main Quarter
Horse Ranch property, as well as the Damn claims to the south.

    ABOUT QUARTER HORSE PROJECT
    ---------------------------
    The Global Minerals Ltd. Quarter Horse Ranch Project is a Carlin-type,
sediment-hosted gold prospect located on the western flank of the Independence
Range in north-central Elko County, Nevada. The Project is located within the
Jerritt Canyon Mining District, which has produced more than 7,000,000 ounces
of gold since production began in 1981. The Project controls 2,735 acres of
fee surface, fee mineral, and unpatented mining claims through a mining lease
and surface use agreement.
    The geology at the Quarter Horse Ranch property is dominated by upper
plate Snow Canyon formation sandstones, chert and argillite, through which
"windows" of lower plate carbonates are exposed along a northeast-trending
structural corridor formed by the Williams, Mill Creek, and Van Norman faults,
major Jerritt Canyon District faults. The Westley window exposes lower plate
Hanson Creek and Roberts Mountains Formations which host the bulk of the gold
mineralization in the Jerritt Canyon District. Important ore controls within
the district include the intersections of the northeast faults with northwest
cross faults within this stratigraphy.
    Since 1986, exploration of the Quarter Horse Ranch property has been
performed by Westley Explorations Inc. and Radcliffe Resources Ltd., Meridian
Gold Inc., Amax Gold Inc., Rio Algom Exploration, Inc., Granges/Vista Gold,
and Uranerz/Cameco (U.S.) Inc. Sixty-seven exploration holes have been
drilled, for a total of 44,517 feet. Geologic mapping, extensive soil, rock
and float chip geochemical sampling, as well as helicopter EM and gravity
geophysical surveys have outlined target zones with geologic, structural, and
geochemical characteristics very similar to the nearby Jerritt Canyon
deposits. A small resource of approximately 465,000 tons @ 0.033 opt Au (using
a 0.01 opt Au cutoff) has been delineated within the Westley window in the
central portion of the property (historic, N.I. 43-101 noncompliant
calculation).
    Global Minerals' target at Quarter Horse Ranch is a
structurally-controlled, Carlin-type, sediment-hosted, replacement-type gold
deposit, similar to Yukon-Nevada Gold's (TSX:YNG) SSX mine. SSX is a high
grade underground deposit containing 2.8mm oz of gold at a grade of 0.3 opt.
The ore body strikes N70W, and is hosted within Hanson Creek carbonate rocks
and a Pennsylvanian age basaltic dike of the same orientation. SSX is a
compact orebody located 500 to 1000 ft below the surface. The surface
projection of the 0.2 opt Au envelope has a strike length of only 2000 ft and
a width of 600 ft.
    Global Minerals initiated exploration at the Quarter Horse Ranch project
in 2006. Available historic data including geologic mapping, soil and rock
chip geochemistry, geophysics, and drill hole data were compiled, validated,
and incorporated into an ArcGIS project database. Field work included two
gravity surveys and two controlled source audio-magnetotelluric (CSAMT)
surveys over the main Quarter Horse project area and the Damn claim block to
the south. A soil sampling program was undertaken across the Westley window,
and limited mapping and rock chip sampling was also performed.

    Global Minerals is a Canadian-based company with focus on the
acquisition, exploration and development of mineral property interests.

    This press release was prepared by George Heard, B. Sc., MBA, P. Eng, a
qualified person in accordance with National Instrument 43-101 Standards of
Disclosure for Mineral Projects.

    Global Minerals Ltd.

    "George Heard"

    George W. Heard
    President & CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy of this release.





For further information:

For further information: about Global, visit www.cgmltd.com, or contact
investor relations, Derek Sutherland, at (778) 786-1531 or email
dsutherland@cgmltd.com

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