While Global Minerals’ (CTG – $0.11 & DFPN – €0.07) team is working hard to move the Strieborná project towards production, we’ve prepared a Prezi presentation, which covers the surprising history of the Strieborná area and the potential for taking the silver mine towards production in the foreseeable future.
We expect to see a steady news flow from Global Minerals in the coming weeks (see below), which should give us a clear picture of the current resource, the mining method, CAPEX and financing options.
All the analytic results from the 3,500 meters underground drill program, which was finished last June, are being incorporated into an updated NI 43-101 resource estimate. This report is expected to be released shortly.
Additionally, engineering studies to determine the most optimal way to mine the vein and to get the ore to the mill site will be released shortly. In the coming weeks, the Company will also publish results from metallurgical tests, conducted to assess the most commercially beneficial method to produce silver/copper concentrates from its mined ore.
The engineering data will eventually be included in a Preliminary Economic Assessment. Mr. Bill Pincus, the President and CEO of Global Minerals, indicated in a recent interview with Smallcaps.us that the CAPEX to put the mine back into production would be relatively modest by mining standards, at well below $100 million dollars.
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