Global Battery Metals Initiates Exploration Program at Sawyer Camp Nickel-Copper Project with Geophysics Survey
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Global Battery Metals Initiates Exploration Program at Sawyer Camp
Nickel-Copper Project with Geophysics Survey
- Company Provides Corporate Update on Full Portfolio of Projects Underway -
May 09, 2022, Vancouver, British Columbia – Global Battery Metals Ltd. (the “Company” or “GBML”)
(TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), an international critical mineral exploration and
development company focused on growth-oriented battery metal projects supporting the global transition
to clean energy , today announces it has contracted Crone Geophysics & Exploration Ltd. to complete a
surface Time Domain Electromagnetic (TDEM) survey over targets identified at its Sawyer Camp Nickel-
Copper Project in the Upper Peninsula of Michigan. TDEM surveys have been used extensively to aid in
locating nickel, copper and other base metals accumulation, with survey data being used to inform drill
program targets moving forward. GBML anticipates being in-field by mid-June.
“GBML is excited to commence field exploration work at our Sawyer Camp Project, as it shares similar
characteristics to other nearby properties that are producing including Eagle Mine,” stated Michael Murphy,
President and CEO of GBML. “Our plan is to mobilize with Crone quickly. The Company is testing for the
presence of Eagle -style nickel sulphide deposits under Paleozoic cover, allowing us to zero in on
exploration targets and drill hole locations during this current field season.”
Additionally, the Company is also pleased to provide a progress report on each of its other battery metal
prospective projects – all expected to advance over the coming month.
Key updates include:
• Lithium King (Lithium), Utah – the Company anticipates securing the BLM drill permit soon to
evaluate stratigraphy and basement depth and will update the market accordingly . The project
jurisdiction and size remain appealing as shallow sampling suggests favourable grade potential.
• NW Leinster (Lithium), Ireland – a new exploration permit is expected shortly with the
immediate priority of identifying a drill tar get at the Aghavannagh Prospect where large angular
blocks of spodumene pegmatite (float) has returned promising economic grades of Li2O. A work
plan for this and other programs across the block will be shared soon after.
• Lapoile (Lithium), Newfoundland – GBML will be getting into the field this summer for initial
exploration and geological mapping work. Government till samples are higher here than nearby
properties already experiencing exploration success.
• Lara (Copper), Peru – 55% owned by GGML; an option was granted to Minsur (a large, private
Peruvian mining company operating a nearby copper mine) with staged acquisition payments, of
which the first two payments have already been made. Minsur continues to work on the property
with GBML retaining a 0.75bpt royalty.
“For years, Global Battery Metals has been actively building a core group of projects to support the clean
energy-driven demand for critical minerals that we’re now experiencing,” continued Mr. Murphy. “All of
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these properties are now close to falling in place and we intend to be much more investor -engaged
throughout 2022 given what we have in our opportunity pipeline.”
An updated version of the Company’s Investor Presentation is now available for download from the
GBML website.
About Global Battery Metals Ltd.
GBML is a n international mineral exploration and development company with a focus on metals that
comprise and support the rapid evolution to battery power. GBML currently maintains economic interests
in five battery metal projects: (1) an option to lease agreement to facilitate exploration of the Sawyer Camp
Ni/Cu Property in the Upper Peninsula region of the State of Michigan, (2) an option to acquire up to a 90%
in the North-West Leinster lithium property in Ireland, (3) a 100% interest in the Lithium King property in
Utah, (4) an option to acquire up to a 100% interest in the Lapoile lithium project in Newfoundland, and
(5) a 55% stake in Peru-based Lara copper property, which has over 10,000 metres of drilling. As previously
disclosed, Minsur S.A., a Peruvian mining company, en tered into an option agreement with GBML and
Lara Exploration Ltd. to acquire the Lara copper property for staged payments of USD$5.75 million.
GBML will retain a 0.75% net smelter royalty. GBML’s common shares are listed on the TSX Venture
Exchange (TSXV: GBML); Frankfurt Stock Exchange (FSE: REZ); and are quoted on the OTC (OTCQB:
REZZF).
Global Battery Metals Ltd.
Michael Murphy BA, MBA, MSc., ICD
President & CEO
T: 604-649-2350
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release contains certain "forward -looking information" and "forward -looking statements"
(collectively "forward -looking statements") within the meaning of Canadian securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, statements relating
the future operations and activities of GBML, are forward-looking statements. Forward-looking statements
are frequently, but not always, identified by words such as "expects", "anticipates", "believe s", "intends",
"estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results
"will", "may", "could", or" should" occur or be achieved. Forward-looking statements in this news release
relate to, among other things, the Company’s exploration plans , obtaining necessary permits and
commencement of field exploration work. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from tho se anticipated in such
statements. Forward -looking statements reflect the beliefs, opinions and projections on the date the
statements are made and are based upon a number of assumptions and estimates that, while considered
reasonable by GBML are inherently subject to significant business, economic, competitive, political and
social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or achievements that
are or may be expressed or implied by such forward -looking statements and the parties have made
assumptions and estimates based on or related to many of these factors. Such factors include, without
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limitation, the ability to com plete proposed exploration work , the possibility of accidents and other risks
associated with mineral exploration operations such as encountering unanticipated geological factors or the
inability to secure permitting and other governmental clearances neces sary to carry out the Company's
exploration plans , the results of exploration, continued availability of capital, and changes in general
economic, market and business conditions. Readers should not place undue reliance on the forward-looking
statements and information contained in this news release concerning these items. Readers are urged to
refer to the Company's reports, publicly available through the Canadian Securities Administrators' System
for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete
discussion of such risk factors and their potential effects. GBML does not assume any obligation to update
the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except
as required by applicable securities laws.