April 12, 2012New Gold Anomalies Discovered from 2nd Phase...

April 12, 2012
New Gold Anomalies Discovered from 2nd Phase BLEG
Program on Jutson Rocks project, W.A.
Executive Summary
? 35 km2 BLEG soil sampling survey demonstrates new, larger and higher order anomalies than
discovered in the northern 22sq km survey which was recently infilled and RAB drill-tested on
the Company’s Jutson Rocks project.
? New larger higher gold anomalies discovered in transported and in-situ cover, demonstrating
strong coherence with the Company’s geological model
? Follow up auger drilling planned to infill and better define the new gold anomalies prior to
RAB drill testing
Successful 2nd phase BLEG sampling shows larger higher gold anomalies
in transported and in-situ cover
Global Metals Exploration NL (“Global Metals,” “the Company”) is pleased to announce the results of its
second phase of Bulk Leach Extractable Gold (“BLEG”) soil geochemical programme on the Company’s
Jutson Rocks project in the Eastern Goldfields region of Western Australia.
The Company is very encouraged by the results of the second phase of BLEG sampling and by the size and
tenor of the gold anomalies identified.
This second phase of sampling follows the Company’s highly successful first phase of BLEG sampling. The
first phase of sampling covered an area of approximately 17km2 and generated a number of strong gold
anomalies which were subsequently sampled by auger drilling.
As previously reported, the auger drilling outlined a number of strong, cohesive gold anomalies which have
recently also been tested by Rotary Air Blast (“RAB”) drilling. The results of this drilling are being tabulated
at the time of this release and the Company looks forward to updating the market on the RAB drilling results
in the near future.
The Company’s BLEG sampling programme is targeted at a zone of structural complexity which traverses
the length of the Jutson Rocks Greenstone Belt (“JRGB”). Global Metals’ compilation and analysis of
historical data indicated that a zone approximately 35km long and 5-8km wide, coincident with this more
structurally complex zone, showed many untested gold anomalies generated from historic soils, auger, rock
and vacuum drilling programmes. A number of old gold workings including the high-grade Chapman’s
Reward Gold Mine are also located within this zone.
The second phase of BLEG sampling involved the collection of 152 samples on a 500 x 500m grid over an
area of 25km2. Generally the second phase has returned higher results than the first phase with maximum
values of 21ppb Au and 37ppb Au, as compared to a maximum value of 19ppb in the first phase.
2
The results are seen as particularly encouraging as the anomalies defined from the data are in areas of
transported cover, distinct and distant from areas of outcrop where higher gold numbers may reasonably be
expected.
Four strong, large and continuous anomalies have been identified from the survey as shown in figure 3.
These include two 5 point and two 2 point anomalies and a single point anomaly. These anomalies occupy
areas of approximately 2kmx500m, 1.5kmx1km, 1.5km x 500m and 1kmx500m respectively. The next stage
is to more accurately define the gold anomalies for testing by RAB drilling using auger drilling, similar to the
programme adopted for the first phase of BLEG sampling.
The Company is increasingly confident in its aggressive gold exploration programme in the under-explored