CTG Centenario Gold Corp

Global Minerals Ltd. (TSX VENTURE:CTG)(OTCBB:GMLFF) is pleased to provide an
update of recent activities at its 100-percent owned Strieborna
silver/copper/antimony deposit in eastern Slovakia. Underground development is
progressing to open up areas of the mineralization for further metallurgical
testing and to support process design and maintenance of the current
infrastructure and water treatment system. Results from this work will be
incorporated into a Preliminary Economic Assessment (PEA).


Level 6 Development to intersect the vein

In early March the Company began drifting towards the vein on Level 6. The
Company expects to intersect the vein within 75 to 100 meters and, depending on
the width and tenor of the vein, collect a bulk sample for further metallurgical
tests. This access will also provide an opportunity to test mining methods once
the appropriate permits are received. The resulting data will be used for the
PEA to refine the resource estimation and mine design.


Process Flow Sheet Studies Advances

The Company continues to bench test concentrated vein material to determine a
process design that yields clean silver/copper concentrates for custom smelting
and antimony metal for direct sale. The current flow sheet assumes a bulk
concentrate with all three metals will be produced. Antimony can then be leached
and recovered as a byproduct in metal form. The remaining silver/copper
concentrate would be shipped for custom smelter treatment. Similar leaching
processes for the recovery of antimony have been used at various locations,
particularly the Sunshine Mine in the USA, since the 1960's. The level of
mercury in the Strieborna bulk concentrate is sufficient that if they can be
removed or reduced, by leaching or low-temperature retorting, the result would
be a significantly higher project revenue stream. The results of the ongoing
test work to separate the mercury will define the best process flow sheet and
design parameters for the PEA. Results from the Company's earlier metallurgical
investigations can be found in the 43-101 report (Nov 1, 2013) on the Company's
website or Sedar. 


Health and Safety

Global maintains the surface and underground facilities in safe working order
and in compliance with all local regulations. The mine is accessible to Level 6
(approx. 200 meters below surface) where current development programs are
underway. The water level is maintained below Level 8 (250 meters below surface)
with all mine water pumped through the Company's water treatment facility.


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 support facilities. 


QUALIFIED PERSONS: William Pincus., M.Sc., CPG and Chief Executive Officer for
Global Minerals Ltd. is the Qualified Person (QP) under NI 43-101 responsible
for this press release. He has verified the data in this news. 


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.


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


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