Global Minerals (CTG): A Promising Stock with Near-term Catalysts

Global Minerals Ltd. (TSX-V: CTG, PINK: GMLFD), a precious metals mining company focused on a wholly-owned silver-copper-antimony deposit in Slovakia, is a unique company with near-term catalysts. Unlike Silver Wheaton Corp (NYSE: SLW) or Pan American Silver Corp (NASDAQ: PAAS, the company is on the verge of commercializing its property and remains significantly undervalued.

With promising resources identified in its NI 43-101 report and a favorable business environment in Slovakia, this is a stock that investors may want to watch closely as it completes its feasibility studies.

Strieborná Property Shows Great Promise

Global Mineral’s Strieborná property is a high-grade silver-copper-antimony vein type deposit in a historic mining district near the city of Roznava in eastern Slovakia. Since as early as the 1200s, miners have been digging for gold, silver and iron in the abundant mining district. The company’s NI 43-101 resource in the area has high-grade polymetallic mineralization with excellent infrastructure in place.

Here are the grades identified in its NI 43-101 report:

Currently, the company is finishing up the sampling of old mine dumps, compiling data, conducting mercury spectrometry and completing geophysical surveys. According to recent press releases, the firm expects to identify potential gold drill targets by the end of the year and complete a feasibility study soon thereafter, which will provide enormous additional insight to investors.

It’s a Great Time to Invest in Slovakia

Slovakia itself is also an excellent investment destination due to its political and economic stability. As a eurozone member, the country utilizes the euro currency and a simple taxation system that is very business-friendly. Major investors in the region include companies like U.S. Steel, IBM, Whirlpool, Deutsche Telekom, Sony, and a variety of other international companies.

Interestingly, Slovakia has sustained the highest GDP growth in the European Union, reporting 10.4% growth in 2007 and the highest rating from the four Visegrad Group countries (Czech Republic, Slovakia, Hungary, Poland). Even as Europe has been dragged down by a sovereign debt crisis, the country is poised to report positive growth in 2012. Meanwhile, foreign direct investment increased more than 600% since the year 2000.

About Global Minerals Ltd.

Global Minerals is focused on the development of its 100% owned Strieborná silver-copper-antimony deposit in Slovakia.

About Strieborná

Strieborná is a high-grade silver-copper-antimony vein type deposit in an historic mining district near the town of Roznava in eastern Slovakia. The current NI 43-101 resource occurs within a mineralized structure 1.2 km long, 600 m deep and an average thickness of 3.4 m. The resource has been defined by diamond drilling and a series of four horizontal underground drifts totaling 3,000 m. The mineralization is open in various directions along the vein structure. Other similar structures have been identified within the mining and exploration leases and will be the focus of future exploration drill programs.

Besides the upside of the exploration potential and the high-grade nature of the polymetallic mineralization, the project has excellent infrastructure, including sufficient electrical power, railway access, paved highways and a work force experienced with underground operations. Underground access is available via old mine workings.

Additionally, Global Minerals has acquired a 136 sq km of exploration concessions in the surrounding region. Prospect generation and exploration in this under-explored area will be parallel with Strieborná development.