Our Eye-Opening Visit to The Strieborna Deposit In Slovakia

We visited the Strieborná silver/copper/antimony property this week in Slovakia. It was a real eye-opener as the visit made us realize, even more than before, that Strieborná is quite unique. Typically, a project has to go through the discovery, exploration, feasibility, financing and development stages before it can start production. This is not the case at Strieborná, which is 100% […]

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Global Minerals Continues Rehabilitation of Strieborná, While Esperanza Raises $34 Million

Esperanza Resources (EPZ – $1.10) had another important week as it closed its previously announced $34 million private placement. At the same time, Global Minerals (CTG – $0.34) , which is 26.8% owned by Esperanza, is well on its way to gain access to the Strieborná vein. $34 Million Financing Esperanza closed its private placement of 24 million units at […]

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Global Minerals Closes $12.5 Million Financing to Significantly Progress the Strieborná Silver Property

After increasing the size a second time this week, Global Minerals (CTG – $0.45) closed its private placement. In total, the Company will issue 27,777,556 units at a price of $0.45 per unit for gross proceeds of approximately $12,499,900. Esperanza Resources (EPZ – $1.32) participated for $1.5 million in the financing and certain Sprott funds and clients of Sprott Private […]

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Global Minerals Raises $11.5 million – Great News for Esperanza Resources

Global Minerals Ltd. (CTG) raised $11.5 million through a non-brokered private placement. The proceeds will be used to complete the rehabilitation of the Maria Mine, which provides access to the Strieborná Silver vein, continue exploration and to move the project, in the Republic of Slovakia, towards production. Esperanza Resources (EPZ – $1.62), which owns 32% of Global Minerals, participated for […]

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Photo Update Shows Strieborná Being Prepared for Underground Access

With the old adage “A picture is worth a thousand words” in mind, Global Minerals Ltd., 32% owned by Esperanza Resources (EPZ – $1.60), published a number of photographs on the significant progress it has made on bringing the Strieborná property, in the Republic of Slovakia, back in operation. Before After The entrance of the mine in 2011 The entrance […]

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Esperanza Drills More Mineralized Step-Out Holes at Cerro Jumil

Esperanza Resources (EPZ – $1.30) announced analytic results of six more drill holes from the current drill campaign at its 100% owned Cerro Jumil gold property in Mexico. All six holes were drilled outside the known resource and four of them intersected gold mineralization between 0.90 and 3.86 grams of gold per tonne (see table at bottom). Together with the […]

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Global’s Progress Good News for Esperanza

Global Minerals Ltd. (CTG: TSX) has fully restored the 1600 meter haulage and access tunnel on its 100% owned Strieborná project in Slovakia. Additionally, full electrical service has been restored along with the hoist and refurbishment of the inclined shaft down to Level 2, approximately ~75 m below surface. Mine ventilation and underground power systems will be refitted as deeper […]

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+ 1 Million Ounces Property and Full Treasury

In September 2011, a Preliminary Economic Assessment (PEA) was published for Cerro Jumil, the most advanced property of Esperanza Resources (EPZ – $1.32). Based on a resource estimate of 935,000 gold equivalent ounces in the measured and indicated categories, and 252,000 gold equivalent ounces in the inferred category, the PEA describes the property as a typical open pit, heap leachable […]

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