| Mr. Alan Matthews, President of Kernow Resources & Developments Ltd. and Mr George Heard,
President of Global Minerals Ltd. (collectively the “Companies”) are pleased to provide the following
update regarding the Alto Sobrido Gold and Antimony project located in Northern Portugal. The Alto
Sobrido property is located some 16 kilometres east of the city of Porto and covers an area of
approximately 16.0 square kilometres.
Previous owners of the property Connary Minerals PLC (Connary) drilled two diamond drill holes at Alto
Sobrido in May of 2002 : DDAS-1 and DDAS-2. The core from these two holes is stored at the INETI
facility (Instituto Nacional de Engenharia, Tecnologia e Inovação) in Porto. Kernow has undertaken resampling by splitting the remaining half core of the main mineralised zones in both holes. The ¼ core was
then sent to OMAC Laboratories in Ireland for assay.
Significant results from the re-assay program are as follows:
Hole DDAS-1
• 1.65 meters grading 3.33 % antimony from 49.75 meters to 51.40 meters
• 2.40 meters grading 3.11 % antimony from 69.50 meters to 71.90 meters
• 2.10 meters grading 2.54 % antimony from 78.90 meters to 81.00 meters
Hole DDAS-2
• 2.40 meters grading 11.46 % antimony from 35.35 meters to 37 .75 meters
True width of the veins in Hole DDAS-1 are believed to be in the region of 1.0 to 2.0 meters and in
DDAS-2, the true width is believed to be in the region of 1.5 meters.
Complete assay results from the re-sampling of the two holes two drill holes are shown in Table 1
Mr. Matthews states “The assay results from the main antimony veins at Alto Sobrido are very
encouraging. The upcoming drill program has been designed to intersect both the main antimony veins at
depth and along strike some 60 meters to the west from the previously completed holes. The holes will
also test the gold bearing structures noted from Kernow sampling. We will continue to use the assay
methods for antimony (HBr/ICP) which has shown that antimony values may have been under estimated
in certain areas of the project.”
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