Global Battery Metals North-West Leinster Lithium Project Exploration Program Update Company confirms field geochemical exploration program is advancing on schedule and announces a well-defined spodumene pegmatite boulder train on PL 1597.
Global Battery Metals North-West Leinster Lithium Project
Exploration Program Update
Company confirms field geochemical exploration program is advancing on schedule
and announces a well-defined spodumene pegmatite boulder train on PL 1597.
November 15, 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, announces field exploration work is advancing on schedule on
its North-West Leinster Lithium Project (the “Property” or the “Project”), with a particular 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)*.
Exploration Highlights:
• Field geochemical exploration programs advancing on schedule.
• The first target area in the vicinity of the historical spodumene bearing trench at Knockeen East
is being targeted by a closely spaced deep overburden sampling program (Figure 2).
• The area is also undergoing intensive prospecting which is c onsolidating the extent of the
spodumene pegmatite boulder train as well as significantly enhancing the resolution of the
dispersion zone and, therefore, the target potential drill target areas. See example of spodumene
bearing boulder in Photo 1.
• A total of 46 rock samples and 233 deep overburden samples along with 13 QAQC samples
have been collected to date and submitted to ALS Laboratories for analysis.
• Deep overburden sampling and prospecting is continuing across the survey grid area and will
migrate to the second target area at Carriglead in due course.
• This work is being carried out to help determine specific areas for follow up drilling.
Target focus PLA 1597
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, as reported by
previous operators in the mid-1970s. Initial prospecting by the Company confirmed a high grade
spodumene bearing pegmatite boulder dispersion train during prospecting survey at two localities
(Figure 1) . R esults from the six samples returned values between 0.70% Li 2O to 2.95% Li 2O at
Knockeen and Carriglead, as previously disclosed by the Company (see news release of October 19,
2022).
* first-listed UK company , with its wholly owned subsidiary LRH Resources Limited (“ LRH”),
focused on creating a sustainable circular economy for battery metals.
Field Exploration Program Update
The current phase of detailed exploration work is centred on a location described in a 40-year-old
historical report describ ing a trench excavated at Knockeen Townland on PLA 1597 as having
uncovered in bedrock a 1.8m wide spodumene -bearing pegmatite dyke. H owever, no detailed
laboratory assays or geological maps of t he trench were reported at that time. Historical prospecting
around the trench also reported the occurrence of up to 10 large boulders of spodumene bearing
pegmatite at surface, some of which may have come from the pegmatite dyke historically intersected in
the trench.
The current exploration program is utilizing a well tried and tested geochemical exploration technique
called Pionjar or Deep Overburden Sampling. This technique uses equipment to penetrate the soil and
glacial till down to the bedrock interface where a sample is collected for analysis. The depth of the
sampled material varies between 1m and 5m at Knockeen . This techni que is more accurate than
sampling the surface soil material as the sample point is closer to the bedrock source of the lithium
bearing pegmatites and helps to remove the effects of geochemical dispersion at higher levels in the
overburden profile.
The first part of the two-stage program has been carried out on an initial closely spaced grid (Grid 1:
Figure 2) over the area of the historical trench on 25m spaced lines with samples collected at 15m
intervals or stations. The second stage is in progress, extending westwards following the trend of the
spodumene pegmatite boulder train and termed Grid 2. This grid will cover a larger area at 50m line
spacing and 30m sample intervals (Figure 2).
The field program commenced mid-October and will continue to late November . A total of 233 deep
overburden samples along with 13 QAQC samples have been collected to date and submitted to ALS
Laboratories for analysis. Results are pending.
In association with the deep overburden sampling a detailed program of prospecting is also ongoing
and to date 46 rock samples have been collected and submitted to ALS Laboratories for analysis. Subject
to any delays in the analysis of the samples, the results for the entire program are expected to be returned
by the end of 2022.
Once the two grids at Knockeen are completed the team will move to the second target area at
Carriglead, two kilometres to the south where a simila r historical ly reported and since verified
spodumene pegmatite boulder train has been identified (see Figure 1).
Photo 1: Deep Overburden sampling (top) and
newly discovered Spodumene pegmatite samples from Knockeen (bottom)
Figure 1: Map showing location of prospecting samples at Knockeen and Carriglead
Figure 2: Deep Overburden Sampling program at PLA 1597
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 from 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 , which
currently provides 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 c ommon 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 and assay results therefrom. There can be no assurance that such
statements will prove to be accurate, and act ual 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, perform ance, 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 the se 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 the Company's reports, publicly
available through the Canadian Securi ties 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. The C ompany 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.