Global Energy Metals Provides Update ON Highly Prospective Copper, Silver, GOLD Project IN Idaho; Details Summer Exploration Strategy FOR Monument PEAK
GLOBAL ENERGY METALS PROVIDES UPDATE ON HIGHLY PROSPECTIVE
COPPER, SILVER, GOLD PROJECT IN IDAHO; DETAILS SUMMER
EXPLORATION STRATEGY FOR MONUMENT PEAK
Vancouver, BC / TheNewswire / April 11, 2024 / Global Energy Metals Corpora Ron
TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals” , the “Company” and/
or “GEMC”), a mul’-jurisdic’onal, mul’-commodity cri’cal mineral explora’on,
development and project genera’ng company focused on growth-oriented projects
suppor’ng the global transi’on to clean energy, announces a renewed explora ’on
strategy based on a reinterpreta’on of data resul’ng in a summer 2024 explora’on plan
at its Monument Peak Copper-Silver-Gold Project (the “Project” and/or “Monument
Peak”) in Lemhi County, Idaho, United States. Monument Peak is located east of Salmon
Idaho, along the Montana border .
Highlights
•Monument Peak, consis1ng of 84 claims, is an explora1on-staged, high-grade, copper-
silver-gold project in Idaho, a state that consistently ranks as a top mining jurisdic1on
by the Fraser Ins-tute,
•Following a reinterpreta1on of both historical and more recent data, including field
work conducted by Dahrouge Geological Consul1ng USA Ltd. (“DGC”), a new geologi-
cal model has been proposed and warrants further inves1ga1on,
•A past explora1on field program conducted by DGC resulted in rock samples that
ranged up to 5.61% Cu, 175 g/t Ag, 17.6 g/t Au; the samples returned an arithme1c
average of 2.18% Cu, 63 g/t Ag, 3.65 g/t Au,
•Spring/Summer explora1on plans designed to refine our explora1on targets and fur-
ther evaluate the economic poten1al of the iden1fied mineral zones,
•Updated project specific presenta1on filed on the Monument Peak landing page of the
Company’s website.
Mitchell Smith, CEO and Director commented:
“This is a very compelling project in Idaho, an extremely sought a]er jurisdic1on for min-
ing in general but also for copper, silver and gold, all of which are dominant in the min-
eraliza1on iden1fied at site. With this explora1on plan in hand we, in collabora1on with
Dahrouge Geological are now assessing various op1ons, including poten1al strategic
partnerships, to conduct the work necessary to unlock Monument Peak’s full poten1al.”
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Monument Peak, consis’ng of 84 claims covering approximately 1,708 acres (~691
hectares), is an explora’on-staged, high-grade, copper-silver-gold project, which in -
cludes two small past-producing copper mines: Jackson and Hungry Hill. Sporadic explo-
ra’on, development and produc’on occurred in the region, primarily during the early
1900’s, with some addi’onal development in the 1950’s. The most recent explora’on
occurred during the 1970’s and 1980’s.
The Cu-Ag +/- Au mineraliza’on at Monument Peak was described (Mitchel, 1972) as
having “unusual con’nuity” in associa’on with structural zones hosted by serici ’c
quartzites, which can be traced along a 3,200 m strike length. Mineralized width general-
ly ranges from 3 to 6 m but can reach up to 50 m, as described by Lavery (1988). Meta-
morphosed host quartzites are Proterozoic (1.47 - 1.37 Ma) of the Gunsight Forma’on
and are underlain by the Yellow Lake Forma’on.
ReinterpretaRon of Monument Peak
Following a reinterpreta-on of both historical and more recent data, including field work
conducted by Dahrouge Geological Consul-ng USA Ltd. (“DGC”), a new geological model
has been proposed and warrants further inves-ga-on. Of par-cular interest is that simi-
lar styled copper-silver mineraliza-on is observed within northern Montana, near the
Montana – Idaho border, termed the western Montana Copper Belt. This belt is host to
several large sediment-hosted stratabound copper-silver deposits within quartzites of
the Proterozoic (1.47 – 1.40 Ma) ReveW Forma-on. Three significant deposits have been
documented - Rock Creek, Montanore and Spar Lake:
1.Rock Creek contains an inferred resource [2] of100 Mt of 0.7% Cu and 1.5 oz/ton
2.Montanore contains an inferred resource [2] of 112 Mt of 0.7% Cu and 1.6 oz/ton Ag
3.Spar Lake contains [1] 81 Mt of 0.63% Cu (Figure 1)
Figure 1 - Mineral zona1on along the curving long axis of the Spar Lake sandstone cop-
per deposit, Montana, United States, from Hayes et al., 2010.
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Note: The resource es1mates and comparisons provided herein, including those related
to the Rock Creek, Montanore, and Spar Lake deposits, are based on historical explo -
ra1on data and third-party reports. These are presented for informa1onal purposes only
and should not be interpreted as guarantees of similar outcomes for Monument Peak.
Investors should be aware that mineral explora1on is a high-risk venture, and there is no
assurance that these early-stage findings will lead to the discovery of an economically
viable deposit. The Company has not independently verified historical data and compar-
isons and, as such, should not be relied upon as a predictor of future performance.
Hayes et al. (2010) describes sediment-hosted stratabound copper deposits as character-
ized by their copper mineraliza’on, exhibi’ng extensive lateral zona’on from chalcopy-
rite through to chalcocite and bornite within sedimentary or metasedimentary hosts.
These deposits are categorized into three types based on host lithology and reduced
mineraliza’on environment responsible for precipita’ng copper sulfides from oxidized
sedimentary brines:
1.Reduced-facies type in organic-rich shale and mudstone
2.Sandstone-type in petroleum-associated sandstone/quartzite
3.Red-bed type in fluvial sandstone with carbonized plant mader
The Reved, or sandstone subtype, is associated with nearshore marine and beach sand-
stones and fluvial and aeolian environments. These deposits are typically situated within
the topset beds of deltaic sedimentary packages, characterized by their geological set-
’ng that facilitate the stra’form distribu’on of copper minerals. The Reved subtype is
characterized by diffuse reductant distribu’on in the sedimentary matrix, which is cru-
cial for the mineraliza’on process.
The dimensions and mineral content of sediment-hosted stratabound copper deposits
vary by type, with reduced-facies and sandstone deposits achieving notable copper
grades and tonnage in contrast to red-bed types. Morphologically, these deposits range
from sheet-like to lens-shaped bodies, covering vast lateral extents of mineraliza ’on
(Figure 1). These deposits also stand out as vital sources of gold and silver, with their dis-
’nct mineral zona’on sefng them apart from other sedimentary copper deposits.
A previous explora’on program at Monument Peak undertaken by DGC in 2021, includ-
ed the collec’on of 557 soil and 13 rock samples to assess mineralized strike poten’al.
Project highlights follow (from North to South):
Highlights of Soil Sampling and Geological Reconnaissance (Figure 2):
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•Rock samples ranged up to 5.61% Cu, 175 g/t Ag, 17.6 g/t Au; the samples returned
an arithme’c average of 2.18% Cu, 63 g/t Ag, 3.65 g/t Au,
•Soil samples show strong geochemical (Cu, Ag, Au) anomalies along the known min-
eralized trend, which extends for 3,200+ metres,
•A mineralized pit in the south part of the property was iden ’fied 200 metres due
east of previous known mineraliza’on,
•A newly iden’fied historical trench between the south and central showings con -
firms con’nuity of mineraliza’on, and
•Workings, outcrops, and soil geochemistry imply the mineralized system could be
con’nuous over its en’re known strike length of 3,200+ metres.
Figure 2 - Monument Peak loca1on map highligh1ng rock and soil samples collected
during 2021 explora1on.
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Proposed Summer ExploraRon Strategy
Given the similari’es between the style and age of the copper and silver mineraliza’on
within the Western Montana Copper Belt and the Monument Peak area, the Company
intends to confirm the grades, thickness and style of mineraliza’on at Monument Peak,
in advance of drill tes’ng. The spring/summer explora’on will include comprehensive
surface mapping and the collec’on of addi’onal rock samples guided by the insights
gained from the previous reconnaissance. This strategic approach is designed to refine
explora’on targets and further evaluate the economic poten’al of the iden’fied mineral
zones.
For more informa’on on Monument Peak, please refer to a recently updated project
presenta’on filed on the Company’s website: hdps://globalenergymetals.com/pormolio/
monument-peak/
References
[1] Hayes, T .S., Cox, D.P ., Piatak, N.M., & Seal, R.R. II. (2010). Sediment-Hosted
Stratabound Copper Deposit Model. In Mineral Deposit Models for Resource Assessment
(Scien1fic Inves1ga1ons Report 2010–5070–M, Chapter M). U.S. Department of the Inte-
rior, U.S. Geological Survey.
[2] Hecla Mining Company. (2023). Reserves and Resources – 12/31/2023.
[3] Lavery, N.G. (1988). Bolton Lode Gold Prospect, Lemhi County, Idaho. Minerals Explo-
ra1on & Development.
4] Mitchel, M.J. (1972). Preliminary Geologic Report on the Geerston Creek Copper
Claims in Salmon, Idaho. Western Explora1on.
Qualified Person
Mr . Paul Sarjeant, P . Geo., is the qualified person for this release as defined by Na’onal
Instrument 43-101 - Standards of Disclosure for Mineral Projects. He is a shareholder
and Director of the Company.
For Further InformaRon:
Global Energy Metals Corpora’on
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
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Twider: @EnergyMetals | @USBaderyMetals | @ElementMinerals
Global Energy Metals CorporaRon
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offers investment exposure to the growing rechargeable
bamery and electric vehicle market by building a diversi fied global pornolio of
explora1on and growth-stage bamery mineral assets.
Global Energy Metals recognizes that the prolifera 1on and growth of the electrified
economy in the coming decades is underpinned by the availability of ba mery metals,
including cobalt, nickel, copper, lithium and other raw materials. To be part of the
solu1on and respond to this electrifica1on movement, Global Energy Metals has taken a
‘consolidate, partner and invest’ approach and in doing so have assembled and are
advancing a pornolio of strategically significant investments in bamery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt projects in
Canada, Australia, Norway and the United States, GEMC is inves1ng-in, exploring and
developing prospec1ve, scaleable assets in established mining and processing
jurisdic1ons in close proximity to end-use markets. Global Energy Metals is targe 1ng
projects with low logis1cs and processing risks, so that they can be fast tracked to enter
the supply chain in this cycle. The Company is also collabora1ng with industry peers to
strengthen its exposure to these cri1cal commodi1es and the associated technologies
required for a cleaner future.
Securing exposure to these cri1cal minerals powering the eMobility revolu 1on is a
genera1onal investment opportunity. Global Energy Metals believes Now is the Time to
be part of this electrifica1on movement.
CauRonary Statement on Forward-Looking InformaRon:
Certain informa1on in this release may cons1tute forward-looking statements under
applicable securi1es laws and necessarily involve risks associated with regulatory
approvals and 1melines. Although Global Energy Metals believes the expecta 1ons
expressed in such forward-looking statements are based on reasonable assump 1ons,
such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking statements.
Except as required by law, the Company undertakes no obliga 1on to update these
forward-looking statements in the event that management’s beliefs, es 1mates or
opinions, or other factors, should change.
GEMC’s opera1ons could be signi ficantly adversely affected by the e ffects of a
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widespread global outbreak of a contagious disease, including the recent outbreak of
illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19
will have on opera1ons and the ability of others to meet their obliga 1ons, including
uncertain1es rela1ng to the ul1mate geographic spread of the virus, the severity of the
disease, the dura1on of the outbreak, and the length of travel and quaran 1ne
restric1ons imposed by governments of affected countries. In addi1on, a significant
outbreak of contagious diseases in the human popula1on could result in a widespread
health crisis that could adversely affect the economies and financial markets of many
countries, resul1ng in an economic downturn that could further affect opera1ons and
the ability to finance its opera1ons.
For more informa1on on Global Energy and the risks and challenges of their businesses,
investors should review the filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regula 1on 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.
We seek safe harbour.
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