Consolidated Global Minerals Ltd.

Consolidated Global Minerals Ltd.

September 07, 2005 09:01 ET

Consolidated Global Minerals Ltd.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2005) - Consolidated Global Minerals Ltd. (TSX VENTURE:CTG) (Global) is readying several past producing gold veins for production on the Front Range Project in Boulder, Colorado.

In addition, work continues on several other fronts including gold exploration at Red Lake Ontario, uranium property acquisitions in Utah, gold exploration joint ventures in Nevada and lead zinc exploration and mine development through Global's 30% stake in Maegreb Minerals.

Front Range Project, Colorado

On July 13, 2005, Global reported the results of channel sampling for the first 105 ft on the Freiberg Vein. The average width for the vein was 2.3 ft and assayed 1.922 oz/ton gold and 10.505 oz/ton silver. Samples taken where stope development is planned to begin ran 6.50 oz/ton gold, 6.93 oz/ton gold and 71.82 oz/ton silver, 22.84 oz/ton silver.

A three compartment stope is planned to provide bulk material to the mill for processing and metallurgical assessment.

These assays were completed by Loring Laboratories Ltd. of Calgary, Alberta.

Mill test runs have been completed with several day long runs.

The Knelson concentrator and finishing table have been tied into the circuit. Fire assays were completed by company personnel in the companies on site laboratory on concentrate from the Knelson circuit. The grade of the test gravity concentrate exceeded 600 oz/ton gold. Silver assays are not yet available.

Ongoing development will continue to focus on feeding the mill on a consistent basis with ore from various shoots on the Freiberg & Cash Veins so that the mill can be adjusted to optimize recovery.

Red Lake Exploration

Global's consultants have recommended a two phase exploration program consisting of geophysics and diamond drilling. The program takes into account prior exploration and new discoveries in the area of the claims. Both Sabina Resources and Wolfden Resources have reported significant exploration results close by.

The total recommended expenditures is $357,300.00.

Gold Joint Venture, Nevada

Global currently has two exploration joint ventures on certain of its Nevada properties. The joint venture partners include Dynamic Resources and GrandCru Resources. Drilling is planned for the fourth quarter of 2005.

Maegreb Minerals

Exploration drilling by Maegreb Minerals in the vicinity of the Fej Lahdoum mine has returned multiple drill hole intercepts of lead zinc mineralization. These intercepts are over 80 meters (250 ft) and represent significant new mineralization in the mine. Assays are pending and should be received within two weeks.

Uranium Acquisition, Utah

Global is in the final negotiation stages for the acquisition of the 2,100 acres of uranium exploration leases on the state of Utah.

The Front Range Project operation currently employs three graduates from the Colorado School of Mines and three consultants for added expertise. George Heard is the Qualified Person under NI#43-101, responsible for the preparation of this news release.

Consolidated Global Minerals Ltd. is a Canadian-based company with a focus on the acquisition, exploration and development of mineral property interests.


George W. Heard, President & CEO

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