Global Minerals Ltd. Provides Production and Sales Update for Front Range Project

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[{"type":"text","content":"\n\n\n\nVANCOUVER, June 20 /CNW/ - Global Minerals Ltd. (CTG: TSX-Venture\nExchange, DFP: Frankfurt Exchange, OTC: GMLFF.PK) is pleased to provide a\nProduction and Sales update for the Front Range Project.\n\n\nFRONT RANGE PROJECT: PRODUCTION & SALES UPDATE\n\n\nGold & Silver Sales\n\n\nSeven truckloads of concentrate have been shipped to date in 2008. This\ncompares to eight truckloads for all of 2007. It is anticipated that an\nadditional fifteen truckloads of concentrate will be shipped to the smelter\nduring the remainder of the year. Each truckload contains 20 to 30 tons of\nconcentrate.\n\n\nProvisional payments for shipments (approx. 80% of value) are occurring\nabout 60 days from the shipping date. Final payments are typically received\n90 to 120 days from the shipping date.\n\n\nProduction & Development\n\n\nMine production is averaging 35-60 tons per day, 4 days per week. The\nmill operates 24 hours per day, 4 days per week and output averages 1.8 to\n2.2 tons per hour.\n\n\nThe grade of the mill feed has increased significantly because the mine\ncrew has been able to reduce dilution by improved selectivity of mining in the\nstopes.\n\n\nA total of seven stopes are now in production. Three new stopes are in\ndevelopment and two are in inventory. Re-development of the Saint Joe shaft\nshould begin in late July/early August. This shaft will provide access to the\nSaint Joe workings from the Cash Mine, as well as further ventilation for the\nworkings in the Freiburg and Cash Veins. Depending on conditions, the Saint\nJoe tunnel may provide additional escape routes from the mine.\n\n\nCurrent exploration/development drifting from the Cash northeast in the\ncross cut to the northern part of the Freiburg vein is progressing at 2m per\nday. It is expected that this drift will provide access to the Mack, Keystone\nState, Columbus and Horsfal vein systems. Near term, this drift should provide\nan additional 30-40 m of stoping on the Freiburg vein. Core drilling in the\nCash northeast has identified the Saint Joe vein underground less than 30 m\nfrom the end of the drift. This drift will continue to the Saint Joe vein and\naccess the bottom of the Saint Joe shaft. The goal is to connect to current\nand additional vein systems in past producing mines in the district.\n\n\nExploration\n\n\nThree hundred and fifty five...

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