CTG Centenario Gold Corp

Global Minerals Ltd. (TSX VENTURE:CTG)(OTCBB:GMLFF) is pleased to announce the
results of a resource estimate update of its 100% owned Strieborna high-grade
silver/copper/antimony vein project in Slovakia.




Highlights from the resource update include:

--  Contained silver in Measured and Indicated resources has increased by
    37% over the previous estimate and tonnage jumped 19%. Measured and
    Indicated resources are 2,290,000 tonnes at 266 g/t Ag, 1.2% Cu and
    0.85% Sb (20 Moz Ag, 61 Mlb Cu and 43 Mlb Sb). 
--  The current resource estimate is reported at a cut-off grade of 100 g/t
    Ag, where previous estimates did not apply a cut-off grade. 
--  Excellent resource expansion potential remains in the Strieborna and
    adjacent Pallag and Podlozna vein systems. 
--  The Company will use this update to further test the economics of the
    project. 

           Strieborna Resource Estimation Summary - Sept 18, 2013           
----------------------------------------------------------------------------
                         g/t    Cu    Sb          Oz         lbs         lbs
Category         Tonnes   Ag     %     %          Ag          Cu          Sb
----------------------------------------------------------------------------
Measured        132,000  267  1.32  0.98   1,134,000   3,836,000   2,844,000
----------------------------------------------------------------------------
Indicated     2,158,000  266  1.20  0.84  18,455,000  56,923,000  39,882,000
----------------------------------------------------------------------------
M&I           2,290,000  266  1.20  0.85  19,589,000  60,759,000  42,726,000
----------------------------------------------------------------------------
Inferred        872,000  211  0.98  0.69   5,915,000  18,761,000  13,338,000
----------------------------------------------------------------------------
Note to table: reported at cut-off 100 g/t Ag



Global's exploration drilling since the last resource update (6,143 m) increased
confidence in continuity and demonstrates the predictability of the Strieborna
vein. Resources in the table only reflect the block model grades at a 100 g/t Ag
cut-off whereas the previous resource estimates did not apply any lower cut-off
grades on the basis that the entire deposit had a reasonable prospect for
economic extraction. Both Mine Development Associates, which completed the 2013
resource estimate, and Global believe that using appropriate economic cutoff
grades based on current operating costs and assumptions, as derived by AGP
Mining Consultants, more accurately reflects a potentially economic resource.


Virtually the entire resource is contained within the Strieborna vein with only
4% of the resource located in the West Split and Podlozna veins. These veins
together with Pallag, represent significant exploration targets that can be
pursued once an underground access and drill platforms can be established. There
is also the potential for additional mineralization beyond the Inferred
classification within the interpreted veins (blue areas in attached diagram),
but it is not reported.




               Measured and Indicated Resources April 23, 2008              
                         (no cut-off grade applied)                         
----------------------------------------------------------------------------
Tonnes                        Ag g/t                Cu %                Sb %
----------------------------------------------------------------------------
1,925,000                        232                 1.1                 0.7
----------------------------------------------------------------------------
Zygmunt Jakubiak, AMC Pty. Ltd., is the independent Qualified Person        
responsible for this resource estimate (see NI 43-101 Technical Report on   
SEDAR).                                                                     
----------------------------------------------------------------------------



Ongoing trade-off studies to improve project economics

The company continues to evaluate the economics of re-initiating operations and
is working with its consultants to study various project enhancements. Principal
among these are the recovery of by-product antimony using hydro-metallurgical
processing of a bulk sulphide concentrate. Global has previously completed
laboratory test work on this process that indicates Strieborna concentrates
could be amenable to this treatment. Order of magnitude capital and operating
costs for this circuit will be reviewed in the short term and compared to
potential smelter penalties for concentrates that include the antimony.


The Company is also investigating the potential for a coarse grind,
pre-concentration up-grade circuit, which could significantly reduce the amount
of material to be delivered to the grinding and flotation circuits. This could
provide various advantages including downsizing of the primary concentrator and
simplifying the mine plan (costs) to improve the overall project economics.


About Strieborna

Strieborna is a high-grade silver-copper-antimony vein deposit in an historic
mining district near the town of Roznava in eastern Slovakia. It has excellent
expansion potential over and above the already well-defined resource.
Significant infrastructure at site includes a working shaft and hoisting system,
extensive underground access through a series of drifts, crosscuts and tunnels
and associated surface facilities. 


For further information about Global, visit www.globalminerals.com.

QUALIFIED PERSONS: William Bond, C.P.G., M.Sc., Geol. and VP Exploration for
Global, is the Qualified Person (QP) under NI 43-101 responsible for the
Strieborna exploration program and this press release. He has verified the drill
results and other data disclosed in this news release, including sampling,
analytical and test data. Fieldwork has been conducted under his supervision.
All samples were submitted to ALS Minerals for analysis in Rosia Montana,
Romania and Vancouver, Canada. Silver and copper were analyzed by induction
coupled plasma - atomic emission spectroscopy (ICP-AES) using four-acid
digestion methods. Quality-control and quality-assurance protocols were
incorporated with the submitted samples which included standards, blanks, and
duplicate analysis.


Steven Ristorcelli, C.P.G., Mine Development Associates, is the independent
Qualified Person under NI 43-101 responsible for the resource estimate and has
verified the related data. Mr. Ristorcelli has reviewed and approved the
contents of this news release with respect to the Mineral Resource estimate. The
estimate used an inverse distance to-the-fourth-power for assigning grades to
one-meter wide (across the vein), three-meters long (along strike), and
four-meters high blocks. Cut-off grades were based on metal prices of $26/oz Ag
and $3.20/lb Cu.


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 continuous
disclosure documents filed by Global and available at www.sedar.com, for
detailed information, which is subject to the qualifications and notes set forth
therein.


The mineral resources are reported in accordance with Canadian Securities
Administrators' National Instrument 43-101 and have been estimated in conformity
with generally accepted CIM Estimation of Mineral Resource and Mineral Reserves
Best Practices Guidelines. Mineral resources are not mineral reserves and do not
have demonstrated economic viability. There is no certainty that all or any part
of the mineral resource will be converted into mineral reserve.


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


To view the figure accompanying this press release, please visit the following
link: http://media3.marketwire.com/docs/898597.pdf


FOR FURTHER INFORMATION PLEASE CONTACT: 
Global Minerals Ltd.
William Pincus
President and CEO
877.356.0674
info@globalminerals.com
www.globalminerals.com

Centenario Gold (TSXV:CTG)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Centenario Gold (TSXV:CTG)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024