Anamalous Gold Values At Quarter Horse Jerritt Canyon Nevada

VANCOUVER, BC - Global Minerals Ltd reported the initial drilling results for its Quarter Horse Jerritt Canyon Nevada Project.
Strongly anomalous gold values within upper plate rocks were returned from hole QH07-5, including 115 ft @ 136 ppb Au (including, internally, 20 ft @ 229 ppb, and 10 ft @ 244 ppb Au). The highest 5-foot interval within this zone was 381 ppb Au (0.011 opt). Local, very strongly anomalous arsenic-antimony intervals were penetrated including 25 ft averaging 424 ppm As and 80 ppm Sb. These levels of gold and trace elements are considered very strongly anomalous in upper plate rocks of the Jerritt District, and may represent "leakage" from a gold-mineralized system at depth.
Five reverse circulation holes were completed for a total of 2,260 ft. Difficult drilling conditions (caving and very high water flows) resulted in only one of the six planned holes reaching target depth. Three of the holes were lost before reaching the lower plate; however, two of the holes reached lower plate Roberts Mountains and Hanson Creek carbonates, and moderately to strongly anomalous gold values were encountered, including 20 ft @ 206 ppb Au. A promising 5-foot interval ran 281 ppb Au (0.008 opt). Arsenic and antimony showed scattered anomalous zones, ranging up to 25 ft @ 332 ppm As, and 25 ft @ 46 ppm Sb.
Three target zones were identified for drilling within the Quarter Horse Ranch Project in 2007. These targets possess gold and trace element soil anomalies that correlate very well with northwest trending structures defined by gravity and CSAMT surveys, and the intersections of these structures and the prominent northeast trending Williams fault. The target areas are similar in size to deposits which have been discovered in the past in the Jerritt Canyon district. Two vertical reverse circulation drill holes were proposed to test each target, for a total of six holes. Drill holes were planned to reach depths ranging from 1,000 to 1,200 feet, for a total of approximately 7,000 feet.
It is recommended that additional, follow-up drilling be performed adjacent to hole QH07-5. Drill holes that were lost before reaching target depth still remain viable targets, and should be re-drilled. Anticipated difficult drilling conditions will require either flooded-reverse circulation or core drilling methods to reach target depths of approximately 1,000 ft. Additional high-value targets remain to be tested throughout the main Quarter Horse Ranch property, as well as the Damn claims to the south.
Global Minerals Quarter Horse Ranch Project is a Carlin-type, sediment-hosted gold prospect located on the western flank of the Independence Range in north-central Elko County, Nevada. The Project is located within the Jerritt Canyon Mining District. The Project controls 2,735 acres of fee surface, fee mineral, and unpatented mining claims through a mining lease and surface use agreement.
The company's address is 308-837 W. Hastings Street, Vancouver, BC V6C 3N6, 604-632-0085, fax: 604 605-0009.