Consolidated Global Minerals (TSXV:CTG) – An Emerging U.S. Gold Producer
An Emerging Junior Gold Company with Near-Term Production AND Tremendous Upside Exploration Potential.
The majority of junior mining companies never bring a single mine into production. Consolidated Global Minerals (Cons. Global) has 18 independent past producing gold mines that it is bringing into production. The company is also gearing up for an extensive exploration program on its holdings in three prolific gold camps in North America.
Front Range Gold Mine, Colorado, U.S.A:
· Cons. Global operates and has a 50% interest in the Front Range Gold Mine Development located in the Gold Hill Mining District 8 miles northwest of Boulder, Colorado
· Recent consolidation of the district added 2,000 ft. of vein strike length to the existing mine.
· Capital investment of US $2 million has been employed to prepare the operation for mining and milling.
Cash Mine, Colorado, U.S.A:
· Stope development and full-scale mill testing commenced during the third quarter 2005.
· Measured resource of the Cash and Rex mines of 15,948 tons at 1.71 oz/t gold and 14.8 oz/t silver (R. McLellan, 1964).
· Ready-to-operate and permitted mill has current capacity to handle 50 tons per day, with planned mill upgrades to 75 and 100 tons per day.
Jerritt Canyon, Nevada, U.S.A:
· Cons. Global has acquired mineral rights on 6 properties totalling 10,000 acres in Nevada in the world-renowned "Carlin-Trend" gold camp.
· Cons. Global recently staked approx. 800 acres adjacent to Jerritt Canyon, where over 6 million ounces of gold have been produced to date.
· Cons. Global has acquired 39 mineral claims and mineral rights to approximately 2,025 acres of land adjacent to Jerritt Canyon.
· Cons. Global's Property straddles the structure and rocks that hosts the proven gold deposits at Jerritt Canyon.
· US $1.8 million has already been spent on Cons. Global's Jerritt Canyon holdings by a previous operator, with prior work indicating the presence of several possible high-grade zones at depth.
Red Lake, Ontario, Canada:
· Red Lake is recognized as being one of Canada’s most prolific gold producing areas.
· Cons. Global owns claims covering 1,400 acres that are 2 miles from Goldcorp’s new Red Lake Mine in Ontario, one of the richest deposits in the world.
· Cons. Global’s Red Lake property straddles the structures that host proven gold deposits in the district.
Other Interests:
· Cons. Global has vended its Tunisian interest to Maghreb Minerals plc (Zinc), listed December 2004 on the London AIM and today owns 32.6% of the shares of Maghreb Minerals.
· In coming to trade, Maghreb raised $7.3 million and started a 5,000 metre drilling program on its Zinc properties in North Africa.
· Maghreb owns 5 exploration licenses covering 10,000 hectares and has options on two government-run mines and mills in Tunisia, North Africa.
· Global has recently acquired 7 claim groups in the Big Indian Mining District, recognized as Utah’s premier uranium district.
Share Information:
Trading Symbol: "CTG" - Toronto Venture Exchange (TSXV)
Shares Outstanding: 51M shares (Fully Diluted)
Public Float: 32M shares (Approx.)
Institutional Ownership: 26%
Insider Ownership: 34%
52 Week High: $0.52
52 Week Low: $0.13
Current Price: $0.21
Market Cap: CDN $10.0M (January 12/2006)
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