Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces Award Winning Exploration and Technical Team FOR the Advanced Millennium Cobalt Project
TSX.V GEMC
www.globalenergymetals.com
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GLOBAL ENERGY METALS ANNOUNCES AWARD WINNING
EXPLORATION AND TECHNICAL TEAM FOR THE ADVANCED
MILLENNIUM COBALT PROJECT
Vancouver, BC / TheNewswire / November 10, 2017 / Global Energy
Metals Corp. TSXV:GEMC | FSE:5GE1 (“Global Energy Metals”, the
“Company” and/or "GEMC") is pleased announce the members of the
technical team that will lead the exploration and development
program of the Millennium Cobalt Project in Mount Isa district in
Australia.
Global Energy is earning into the advanced Millennium Cobalt Project
with a work program expected to commence following the completion
of a non-brokered financing that will fund an initial work program at
Millennium which will include the following activities:
•Reverse circulation drill program to upgrade resource mineralisation
and test depth and lateral extensions to mineralisation,
•Mapping of the 1.5 kilometre geological extension in the northern
mining lease areas in anticipation of future drilling,
•Advanced environmental studies for future mine permitting,
•Updating resource estimate to CIM standards for NI 43-101 reporting
requirements and to meet JORC 2016 standards at the completion
of the drill program(s).
The lead on the project will be will be Mark Whittle, BSc (Hons 1)
MSc, MAusIMM, the Exploration Manager at Hammer Metals. Mark, a
Geologist with over 30 years of experience holds a Bachelor of
Science Degree from the University of Queensland (First class honours
from the WH Bryan Mining and Geology Research Unit) and a Master’s
Degree in Geology from James Cook University studying the Dugald
River Ag-Pb-Zn deposit in the Mount Isa region. Mark has extensive
exploration experience in Queensland, the Northern Territory and
Western Australia and internationally on projects in the Philippines
and Finland. As a mine geologist, he has worked underground in base
metals mines in Western Australia, New South Wales and the Northern
Territory.
John Downing, BSc (Geol), MAIG, will also be involved with the
technical program at site. John Downing is a geologist with over 30
years of experience in the mineral resources industry in Australia and
internationally. During this period, he has worked for a number of
mining and exploration companies and consultancies, including Pan
Australian Mining, Mount Isa Mines, the W.A. Department of Mines and
Petroleum, Maxwell Geosciences, and Snowden Group. John has
worked with a range of commodities, with a focus on gold and base
metals. This has included a broad range of technical roles in mineral
exploration, mining, resource evaluation, project management, land
access management, and data management. John has significant
experience in project generation and exploration in Queensland, and
specifically the Mount Isa District where he was involved for eight
years in gold and base metal exploration for Mount Isa Mines.
Hammer Metals was awarded “Queensland Explorer of the Year” in
2015 and is the operator of the Newmont Farm-in and Joint Venture in
addition to the Mt Frosty Joint Venture with Glencore in the Mt. Isa
region of Queensland, Australia.
Paul Sarjeant, VP Projects from Global Energy Metals:
“I am very excited that we will be working with technical team
members as qualified as Mark and John. Both were integral to the
initial work program just completed at Millennium and so keeping
that geological continuity is key for the project. Their expertise in
advancing projects in this region should mean that we have a well-
executed program giving us the best chance of getting the best
results from the important Millennium Cobalt Project.”
Mitchell Smith, CEO:
“We are pleased to be working with technical team members who
bring this level of experience and knowledge as we work together to
advance this cobalt project.”
In addition, Global Energy Metals announces the filing of the following
documents with the Canadian securities regulatory authorities on the
System for Electronic Document Analysis and Retrieval at
www.sedar.com:
1. Restated management’s discussion & analysis (“MD&A”) for the fis-
cal year ended on June 30, 2017
2. CEO and FO certificates, on Form 52-109FV1, in support of the re-
stated MD&A.
The MD&A was restated in order to include up to date information re-
garding developments in the Company’s Werner Lake project, includ-
ing the disclosure of information from its resource report completed
by and published on September 6, 2017, and further information re-
garding the Company’s Millennium project in Australia.
The Millennium Cobalt Project:
Millennium is an advanced staged cobalt project with a large defined
zone of cobalt-copper mineralisation which remains open at depth
and along strike. Cobalt-copper mineralisation is associated with
shear zones hosted within a sequence of volcanic and sedimentary
units. The 2016 JORC resource estimate completed by Hammer
Metals Ltd. outlined a mineralised zone over a strike length of
approximately 1.5 km. Additional mapping, soil geochemistry and
rock sampling has identified an additional 1.5 km of anomalous
cobalt-copper mineralisation in geological analogues that occur along
a potential strike extension in the northern half of the tenement
package. This area has not been tested with any drilling to date.
This additional strike extent provides excellent opportunity to
increase the overall resource potential of the Millennium project.
To date the project area has been tested by only 63 drill holes
(percussion, RC and diamond) for a total of 7,891 metres. Most holes
have been drilled within 200 metres of surface, with few holes
reaching to depths greater than 250 metres below surface. At present
mineralisation remains open at depth along the strike extent of the
JORC resource area.
For additional information on the Millennium project please refer to
press release dated September 25, 2017 and/or refer to Global Energy
Metals’ website www.globalenergymetals.com.
Qualified Person
Mr. Paul Sarjeant, P . Geo., the Company’s VP Projects and Director, is
the qualified person for this release as defined by National Instrument
43-101 - Standards of Disclosure for Mineral Projects and has reviewed
and verified the technical information contained herein.
Global Energy Metals Corporation (TSXV:GEMC | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of
cobalt, a critical material to the growing rechargeable battery
market, by building a diversified global portfolio of cobalt assets
including project stakes, projects and other supply sources. GEMC
anticipates growing its business by acquiring project stakes in battery
metals related projects with key strategic partners. Global Energy
Metals currently owns and is advancing the Werner Lake Cobalt Mine
in Ontario, Canada and has entered into an agreement to earn-in to
the Millennium Cobalt Project in Mt. Isa, Australia.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219 extensions 236/237
Cautionary Statement on Forward-Looking Information:
Certain information in this release may constitute forward-looking
statements under applicable securities laws and necessarily involve
risks associated with regulatory approvals and timelines. Although
Global Energy Metals believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
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 obligation to update these forward-looking statements
in the event that management’s beliefs, estimates or opinions, or
other factors, should change. For more information 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 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.
We seek safe harbour.