VANCOUVER, Feb. 28 /CNW/ - Global Minerals Ltd. (TSXV: CTG) is pleased to announce that it has entered into a definitive agreement to acquire, from a private Slovakian company, the land and buildings associated with the past producing Maria iron ore mine. The historic Maria Mine is within the Company's mining licenses and was used to explore the Strieborna silver/copper vein.  Ownership of the land and surface facilities is essential in providing full access to the deposits and as a potential site for future processing facilities.

The terms of the agreement include a 12+6 month option lease period at a rate of 5000 Euro per month.  This period will be used to conduct an environmental audit of the properties.  At the end of the option period, a lump sum purchase price may be paid to complete the sale. 

The lease purchase includes a total of 4.75 hectares of surface land and 13 buildings, including administrative and managerial buildings, compressor room and transformer station, workshop, machine room, crushing shop, etc.

Access to the land and buildings will greatly facilitate the on-going exploration and development program for the Strieborna Silver Vein.

About Strieborna

Strieborna is located in eastern Slovakia, a fully fledged member state of the European Union.  It is in a historic mining district near the town of Roznava, known for iron production.  An NI 43-101 compliant resource calculation by AMC Ltd. (April 2008) calculated 1,925 million tonnes (Measured and Indicated) grading 231.7 grams per tonne silver, 1.1% copper, and 0.7% antimony; 1.50 million tonnes (Inferred) grading 180.0 grams per tonne silver, 0.9% copper and 0.7% antimony (AMC Pty., April 2008). The full details of such resources were announced on April 23, 2008 and a complete NI 43-101 Technical Report can be found on SEDAR at

The Strieborna deposit is the only silver-copper-antimony mine in Europe which could be brought into production in the near future.  The mineralization zone has been outlined underground by a series of horizontal drifts, and measures 600 meters vertically by 1.2 kilometers along strike.  The mineralization is open in all directions.

Strieborna was discovered in 1981, and roughly parallels the important iron-bearing vein deposit at the Maria Mine, located approximately 500 meters to the west.  Strieborna is currently accessed underground by cross cuts from the nearby Maria workings.  It was systematically explored on four underground levels totaling 3,000 meters in length (Levels 8, 9, 10, and 13).

Infrastructure at Strieborna is excellent, with electrical power, rail, highways, and a nearby workforce, many of whom have had underground experience in nearby underground iron mines, now shut down.

In compliance with National Instrument 43-101, George W. Heard, P.Geo., is the Qualified Person responsible for the accuracy of this release.


George W. Heard
President and CEO

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

SOURCE Global Minerals Ltd.

For further information:

For further information about Global, visit, or contact George Heard at 604.632.0085 or email

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