Global Battery Metals Initiates Field Exploration Program on North-West Leinster Lithium Project Company confirms high-grade lithium (2.95% Li2O) in spodumene pegmatite float on newly awarded exploration licence in Ireland
Global Battery Metals Initiates Field Exploration Program on
North-West Leinster Lithium Project
Company confirms high-grade lithium (2.95% Li2O) in spodumene pegmatite float on
newly awarded exploration licence in Ireland
October 19, 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, announces field exploration work has started on its North -West
Leinster Lithium Project (the “Property” or the “Project”), with a partic ular focus on Prospecting
Licence Area (“PLA”) 1597.
PLA 1597 forms part of the Company’s Property exploration block, which is operated under an
exclusive Option and Earn-in agreement with Technology Minerals Plc (LSE: TM1), the first listed UK
company focused on creating a sustainable circular economy for battery metals, and its wholly owned
subsidiary LRH Resources Limited (“LRH”).
Highlights:
• The Company has been issued new PLA 1597 by the GeoScience Regulation Office (GSRO)
of the Department for the Environment, Climate and Communications of Ireland to add to the
15 licences already held bringing the total area of tenure to 526km2.
• Preliminary ground truthing and prospecting on PL A 1597 at two localities Knockeen and
Carriglead have yielded high grade spodumene pegmatite samples in float ranging up to 2.95%
Li2O.
• Work program due to commence to include detailed mapping, prospecting and deep overburden
sampling at the Knockeen and Carriglead targets.
• Five previously identified target areas on the northern block are also to be targeted with follow
up prospecting and sampling.
• Field exploration programs beginning with a view to identifying specific areas for follow up
drilling.
New Licence PLA 1597 and Initial Prospecting Results
PLA 1597 was identified as prospective for lithium pegmatite potential by the Company’s Project
partner LRH and its exploration consultants Aurum Exploration Services (“Aurum”) following detailed
desktop studies which outlined two proximal areas of spodumene-bearing pegmatite reported by
previous operators in the mid 1970s as part of their exploration programmes. The lithium pegmatite
boulder trains at Knockeen and Carriglead are separated by a north-south valley and form an initial area
of interest covering approx imately 2km east-west and 1km north -south. A historical exploration map
and report also described a trench excavated at Knockeen as having uncovered a 1.8m wide bedrock
spodumene-bearing pegmatite vein, however no detailed laboratory assays or geological maps of the
trench were reported at that time.
LRH completed an initial one day reconnaissance site visit to the Knockeen - Carriglead prospects with
Aurum geologists visually confirming the presence of spodumene in float and collecting six samples
which were submitted for analysis to ALS Laboratories, Loughrea, Co. Galway, Ireland, and returned
values between 0.70% Li2O to 2.95% Li2O (Table 1).
Sample ID Licence Prospect Li ppm Li2O %*
210724CL02 PL 1597 Knockeen 3240 0.70
210724CL03 PL 1597 Knockeen 11200 2.41
210724CL04 PL 1597 Knockeen 11000 2.37
210724CL05 PL 1597 Knockeen 13700 2.95
AES61137 PL 1597 Carriglead 3550 0.76
AES61138 PL 1597 Carriglead 7470 1.61
Table 1: Results from prospecting at Knockeen and Carriglead Prospects PL 1597
* Li2O % = Li ppm % (x 2.153)
Dry stone field walls in the immediate vicinity of the historical Knockeen trench revealed abundant,
spodumene-rich pegmatite float with three of the f our samples collected returning values of between
2.37% Li2O and 2.95% Li2O (Fig 1 & Photo 1).
Photo 1: Spodumene pegmatite samples from Knockeen and Carriglead
A & B Spodumene pegmatite field samples Knockeen, C Spodumene
pegmatite Knockeen Sample 210724CL05 (2.95% Li2O), D Spodumene
pegmatite Carriglead Sample AES61138 (1.61% Li 2O)
Further detailed exploration work on PLA 1597 is expected to commence in late October 2022 in the
form of prospecting, mapping and deep overburden sampling surveys which are aimed at defining
targets for drilling.
The Leinster Property
The Leinster Property, located in the counties of Wicklow , Dublin and Wexford, is focused on the
exploration for lithium mineralisation within spodumene-bearing pegmatites. The Property consists of
fifteen prospecting licences , termed ‘the North -west Leinster Block ’, which cover a total area of
approximately 477km2, and the PLA 1597 comprising 48.32km2, in County Wexford.
The Property lies along a 135km long regional structural trend of known lithium-bearing pegmatites,
along the south -eastern margin of the Leinster Massif and centred on the Aclare and Moylisha
occurrences which were discovered during 1960s and 1970s and are currently being explored under the
Ganfeng – International Lithium joint venture.
In addition to the work on PLA 1597, five target areas on the North Leinster Block (Fig 2) will be
followed up. Exploration on these areas to date has identified lithium -rich aplite and spodumene
pegmatite float boulders within broader zones of Geological Survey of Ireland lithium anomalism in
drainage stream sediment samples. This work has been previously reported by LRH and a summary of
the prospecting is presented below:
1. Aghavannagh (1.78% Li2O equivalent in large angular blocks of spodumene-beating pegmatite
float );
2. Sorrel (1.6% Li2O equivalent in spodumene-bearing pegmatite float);
3. Tonygarrow (1.0% Li2O equivalent in spodumene-beating pegmatite float);
4. Scurlocks (0.65% Li2O equivalent in aplite float); and
5. Knocknaboley (anomalous lithium, 820 ppm Lithium in aplite float).
As part of an ongoing workflow, the Company continues to identify, fully assess and apply for new
prospective areas for spodumene-pegmatite exploration opportunities along the district -scale Irish
lithium pegmatite belt.
Figure 1: Map showing location of prospecting samples at Knockeen and Carriglead
Figure 2: Target map showing location of Northern Block and PLA 1597
“The initial prospecting results confirming the presence of high -grade lithium in spodumene -
pegmatites, along with the rediscovery of decades -old information pertaining to spodumene boulder
trains is an exciting find and an important view into this area’s potential,” stated Michael Murphy,
President and CEO of GBML. “GBML will now conduct a deep overburden sampling program in the
Knockeen and Carriglead zones to help determine the best possible position for a drilling rig to get
started.”
The Property was selected by the Company due to significantly higher grades than nearby Ganfeng/ILC
Avalonia project in stream sediments, with similar grades in soil samples. Stream sediment assays are
predominantly in the 125-1000ppm range vs 60-120ppm range for Ganfeng/ILC assays. The presence
of visible spodumene is noted in several areas, along with coarse spodumene crystals in one prospective
area that appears to be at least a few hundred metres long. Ireland remains a geopolitically stable area
and the weather in Leinster is amenable year-round for exploration and development.
On September 20, 2022, GBML exercised its first option on the Project and will continue to have the
right to exercise two further options to acquire up to a further (a) 37.5% interest for a cumulative 55%
interest in the Project, and (b) 35% interest for a cumulative 90% interest in total in the Project by
fulfilling the requirements of the Second Option and Third Option, respectively (see the Company’s
news releases dated September 20, 2022, and August 19, 2022).
Please see the Company's NW Leinster Project Overview for additional program details, in addition to
the latest version of the Company’s Investor Presentation available for download f rom the GBML
website (www.gbml.ca).
Competent Person
All scientific and technical information in this announcement has been prepared under the supervision
of EuroGeol Vaughan Williams, M.Sc., P.Geo. (a Principal of Aurum Exploration Services currently
providing exploration services to GBML and to LRH), and a “qualified person” within the meaning of
National Instrument 43-101. Vaughan Williams is also company secretary of LRH.
About Global Battery Metals Ltd.
GBML is a mineral exploration company with a focus on metals that make up and support the rapid
evolution to battery power. GBML's common shares are listed on the TSX Venture Exchange and
Frankfurt Stock Exchange and quoted on the OTCQB. GBML currently has five projects: (1) an option
to acquire up to a 90% in the North -West Leinster Lithium Property in Ireland; (2) a 100% interest in
the Lithium King Property in Utah; (3) an option to acquire up to a 100% interest in the Lapoile Lithium
Project in Newfoundland; (4) an option to lease the Sawyer Camp prospective nickel-copper project in
Michigan; 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, entered into an option
agreement (the “ Lara Property Option Agreement ”) with GBML and Lara Exploration Ltd. to
acquire the Lara copper property for staged payments of USD$5.75 million. The Lara Property Option
Agreement also provides for a 0.75% net smelter royalty in favour of GBML.
Global Battery Metals Ltd.
Michael Murphy BA, MBA, MSc., ICD
President & CEO
T: 604-649-2350
W: www.gbml.ca
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 applicable securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, statements
relating the future operations and activities of the Company, are forward-looking statements. Forward-
looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”,
“believes”, “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 at the
North-West Leinster Lithium Property. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those 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 the Company, 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 limitation, the ability to complete proposed exploration work
given the global COVID-19 pandemic, 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 t he 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 complet e discussion of such risk factors and their potential effects. The
Company 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.