Primary Crusher Repair Complete
VANCOUVER, May 15 /CNW/ - Global Minerals Ltd. (CTG: TSX-V) (Frankfurt: DFP) is pleased to announce that after a six week outage caused by a bearing failure in the primary jaw crusher the Gold Hill Mill has resumed production. Repairs consisted of machining a new shaft, new bronze main bearings and new babbit bearings. In addition, new hubs for the pulley and fly wheel were machined.
Break-in of the new bearings will take several weeks. During this time, the crushing circuit will operate intermittently to allow the crusher shaft to cool and properly seat the bearings. Because the primary crushing circuit was designed with excess capacity mill output should not be compromised during the break in phase.
Mine Production & Development
Due to the crusher outage the mine has stockpiled several hundred tons of ore. Production rounds drilled and ready for blasting were completed approximately one month behind schedule.
A fault encountered at the Cash-Freiburg intersection has forced the drift development crew to add significant ground support, slightly delaying the development of the Cash No. 4 & No. 5, and Freiburg No. 3 & No. 4 stopes. This delay has provided an opportunity for the earlier development of the Cash No. 3 stope. In all, there are 5 stopes on-line.
Mine Exploration & Vein Definition
Surface drilling has resumed and two holes of a planned twenty hole program have been completed. Assays are still pending. Current drilling is aimed at defining extensions to known vein systems in the current operation.
Underground sampling continues and three sets of assays are now available for release. Sample collection was directed by Matt Collins, Manager and completed by Jim A. Paschis, Geologist with sample collection assistance provided by Donel Maloney. All samples were sent to Loring Labs in Calgary for assay. Results presented in the tables below give indication of gold and silver mineralization; they are not statistically distributed for ore reserve calculation purposes.
Table 1 Description
The Cash and Freiburg veins were sampled underground in the immediate perimeter areas to stopes currently under development and in the northeast part of the Freiburg vein/drift currently being widened. These vein samples were from the 1 inch wide channel cut in-situ at the 17 locations using a diamond saw to provide a more consistent cut as opposed to using a chisel and hammer. The sampling was made across the mineralized vein exposures and partially into adjacent altered Boulder Creek Granite host rock.
TABLE 1. Assays of 17 samples from Freiburg vein (Fv) and Cash vein (Cv)
(Exact coordinate information not available at this time)
Sample Cut Elevation Gold Silver Notes
No. in. (ft msl) oz/ton oz/ton
12501 7 7,850 .637 .78 Fv 3rd lv CP 319+ 130 feet NE
12502 24 7,844 .036 .21 Fv rt. rib split, 3rd lv 070,
37 feet NE of chute No. 4,
12504 6 7,863 .151 .17 Fv 22' SW of F-1 stope raise
above chute No. 1
12505 6 7,852 .285 2.45 Fv cp 319+ 79 feet NE
12506 5 7,849 .083 .92 Fv cp 319+ 6.5 feet NE
12507 11 7,865 .511 6.04 Fv F-1 stope, 17 ft SSW No. 2-
No. 3 chutes
12508 7 7,864 .040 .03 Fv rt. rib split, 15 ft NNE
No. 2-No. 3 chutes
12509 3 7,864 .185 5.34 Fv F-1 stope, 32 ft SSW No. 2-
No. 3 chutes
12510 68 7,861 .020 .09 Fv rt. rib split, 57 ft SSW
No. 2-No. 3 chutes, rockcut
dust
12511 68 7,861 .022 .17 Fv split (same loc. as 12510),
channel cut
12512 7 7,861 .042 .45 Fv split west part of 12510
12513 6 7,861 .529 .77 Fv split east part of 12510
12516 8 7,846 1.08 11.91 Fv split rt. rib cp 319+ 232.5
feet NE
12503 10 7,854 .360 3.78 Cv C-2 stope 107 ft SW of 2nd
Escape raise
12514 14 7,868 .416 4.42 Cv C-2 stope 128 ft SW of 2nd
Escape raise
12515 10 7,853.5 .410 3.57 Cv C-2 stope above cp 308R
12517 24 7,838 .075 1.41 Cv fw part of vein only, cp
319+ 140 feet NE
Table 2 Description
The Freiburg, MRV-1, MRV-3, Cash and Timber Room veins were sampled underground in the immediate perimeter areas to stopes currently under development or headings. When in unbroken veins, these samples were from approximately 1 inch wide and deep channels cut in-situ at the 8 locations using a diamond saw to provide a more consistent cut as opposed to using a chisel and hammer. Three locations were in loose, broken veins from working faces and could only be sampled with hammer and chisel. These samples were cut across the mineralized vein exposures and partially into adjacent altered Boulder Creek Granite host rock. The sample from MRV-3 was from DDH 01-06.
TABLE 2. Assays of 11 samples on the 3rd level from Freiburg vein (Fv),
MRV - 1, MRV-3, diamond drill hole 01-06, Cash vein (Cv), and Timber Room
vein (TRv)
Exact coordinate information not available at this time; distance measurements for Fv from CP 319, or from No. 2 - No. 3 (2-3) chute divider; distance measurements for Cv are from CP 316, near Vent Raise - Secondary Escape or from CP 319; distance measurements for TRv taken from (2-3). Samples are grouped for each vein, not as sequentially collected.
Sample Cut Elevation Gold Silver Notes
No. in. (ft msl) oz/ton oz/ton
12556 2 7,847 .316 3.58 Fv, CP 319 + 155 ft NE
12557 6 7,866 1.788 19.29 Fv, 11 ft SSE 2-3
12558 7 7,845 .084 .20 MRV-1 CP 303 + 28 ft NNW
12559 18 7,845 .078 .25 MRV-3 DDH 01-06, 12.4 - 17.3
ft composite
12560 36 7,855 .753 12.11 Cv, CP 316 + 65 ft NE (vein
minerals 5" wide)
12561 4 7,855 .241 .33 Cv, CP 316 + 61 ft NE
12562 7 7,852 3.234 36.93 Cv, CP 319 + 164 ft NE
12563 7 7,847 2.766 8.04 Cv, CP 319 + 164 ft NE
12565 4.5 7,861 .247 1.56 Cv, CP 316 + 66 ft NE
12566 4 7,859.5 .581 5.88 Cv, CP 316 + 60 ft NE
12564 4 7,848 1.421 1.28 TRv, 40 ft NE 2-3, in back,
2ft off current face
Table 3 Description
The Cash and Timber Room veins were sampled underground in the immediate perimeter areas to stopes currently under development. These vein samples were from approximately 1 inch wide and deep channels cut in-situ at the 9 locations using a diamond saw to provide a more consistent cut as opposed to using a chisel and hammer. The sampling was made across the mineralized vein exposures and partially into adjacent altered Boulder Creek Granite host rock.
TABLE 3. Assays of 9 samples from Cash vein (Cv) 3rd and Timber Room vein
(TRv) 3rd
Exact coordinate information not available at this time; distance measurements for Cash vein samples on 3rd level are from CP 316, near Vent Raise - Secondary Escape; distance measurements for TRv in 3rd level stope bottom taken from No.2 - No.3 chute divider (2-3).
Sample Cut Elevation Gold Silver Notes
No. in. (ft msl) oz/ton oz/ton
12567 9 7,866 .249 4.12 Cv 3rd level, CP 316 + 66 ft NE
12568 12 7,871 .229 2.16 Cv 3rd level, CP 316 + 66 ft NE
12569 5 7,865 .281 3.06 Cv 3rd level, CP 316 + 61 ft NE
12571 6 7,848 .210 .79 Cv 3rd level, CP 316 + 23 ft NE
12574 5 7,854 .237 2.60 Cv 3rd level, CP 316 + 21 ft NE
12575 2 7,858 .214 3.03 Cv 3rd level, CP 316 + 20 ft NE
(Sample was a chisel cut which
took a single vein piece
three times greater along dip
length than the normal 1 inch
cut)
12570 3 7,863 .121 .45 TRv 3rd level, 2-3 + 18 ft NE
12572 4 7,866 3.941 7.29 TRv 3rd level, 2-3 + 45 ft
NE(1)
12573 8 7,868.5 .141 .24 TRv 3rd level, 2-3 + 29 ft NE
(1) For comparison with nearby prior collected sample no. 12518
(12518 5 7,863 2.483 .87 TRv 3rd level, 2-3 + 44 ft NE)
Milestone Complete
A provisional payment of $60,100 US was received for the first concentrates shipped from the operation. This provisional payment represents approximately 80% of the value of the consignment. The next load of concentrate, which is now ready for transport, will be sent to the same smelter. This assumes that a successful resolution of some outstanding pay items will be reached.
The mine was recently inspected by the Colorado Division of Reclamation, Mining and Safety (DRMS) with no potential violations. It should also be noted that the mine has received the determination of non-DMO status (no toxic or acid generating potential).
All technical content of this press release has been reviewed and approved by George W. Heard, President & CEO.
Global Minerals Ltd. is a Canadian-based company with a focus on the acquisition, exploration and development of mineral property interests.
ON BEHALF OF THE BOARD
George W. Heard
President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.