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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Centenario Gold Corp | TSXV:CTG | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.02 | 0.015 | 0.025 | 0 | 21:00:12 |
The proceeds from the private placement will be used for exploration and development on its Strieborna property and working capital. The private placement is subject to regulatory approval.
About Strieborna
The Strieborna vein 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 in eastern Slovakia. The current resource occurs within a mineralized structure 1.2 km long, 600 m deep and an average thickness of 3.4 m. The resource has been defined by previous drilling and a series of four horizontal underground drifts totaling 3,000 m. 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 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 via old mine workings.
Global Minerals Ltd. is a Canadian exploration and development company focused on developing its high-grade silver, copper, antimony deposit in Slovakia. Global is 35% owned by Esperanza Resources Corp. (TSX VENTURE: EPZ) whose principles were previously familiar with the Strieborna Project and are now involved in supervising the technical programs and future development.
ON BEHALF OF THE BOARD
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.
Contacts: Global Minerals Ltd. Ms Lubica Parilakova 604 632 0085 lparilak@globalminerals.com www.globalminerals.com
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