Global Minerals is focused on the development of its 100% owned Strieborná silver deposit in Slovakia.
Strieborná contains 14.3 million ounces of silver and 48.1 million pounds of copper in the measured and indicated categories plus an additional 13.5 million silver ounces and 29.8 million pounds of copper in the inferred category.
The Strieborná deposit is a silver bearing, siderite-quartz-sulfide vein hosted in Early Paleozoic metamorphic rocks. The mineralization is characterized by high grades of silver, copper bearing minerals (mainly tetrahedrite), which are the principal minerals of economic interest.
Economic Assessment Continues
Global is now in the intial steps of preparing a Preliminary Economic Assessment which it anticipates will be ready in 2013.
The study will incorporate the results of on-going metallurgical testing, process flow-sheet design, concentrate marketing and mine planning.
The Company is currently conducting a 5,000 meter underground drill program. Results from this program will also be incorporated into the study as they are made available.
*The mineral resource is reported without a cut off grade applied as the form of the deposit and the mean silver, copper and antimony are such that the Strieborná Vein has reasonable prospects for economic extraction in its entirety.