Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces Final Drill Results Continue to Confirm Extension Potential at Werner Lake Cobalt Project
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GLOBAL ENERGY METALS ANNOUNCES FINAL DRILL
RESULTS CONTINUE TO CONFIRM EXTENSION POTENTIAL
AT WERNER LAKE COBALT PROJECT
Vancouver, BC / TheNewswire / January 7, 2019 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to announce that joint venture partner , Marquee Resources Ltd. has
received assay results for the final four drill holes WL 18-14 to WL
18-18 (Table 1) from the Werner Lake Cobalt project (“Werner Lake”),
located in Ontario, Canada.
The results are significant because they have intersected high-grade
mineralisation within and beyond the constraints of the current
Mineral Resource model. This continues to confirm the potential for
significant exploration upside to Werner Lake’s existing resource.
The Company anticipates that the results from the 2018 drill program
will have a positive impact on the next Mineral Resource estimate
update, which is due for completion in early H1 2019.
Global Energy Metals VP Projects, Mr. Paul Sarjeant commented:
“The 2018 drill campaign has not only been successful in achieving
the Company’s main objective of confirming the extent and continu-
ity of high-grade cobalt mineralisation at Werner but has also ex -
Table 1: Significant Diamond Drill Results – Werner Lake
Drill Hole From
(m)
To
(m)
Intercept
(m)
Co
(%)
Cu
(%)
WL 18-14 289.50 299.00 0.50 0.1460.322
302.00 302.60 0.60 0.2170.154
316.40 319.00 2.60 0.3130.177
Incl. 316.40 218.00 1.60 0.4060.176
WL 18-15Terminated
WL 18-16 326.75 327.76 1.01 0.1150.225
WL 18-17 407.00 408.00 1.00 0.2203.020
WL 18-18 NSR NSR
tended the limits of mineralization defined by the current Mineral
Resource model.”
The objective of the 2018 drilling program was designed to accom-
plish the following:
•Confirm high grade cobalt mineralisation intersected in numerous
drill holes during previous diamond drilling programs.
•Provide additional structural and geotechnical data for ongoing
project development studies.
•Increase pierce points within the current block model to enhance
the current mineral resource.
•Regain an understanding of the geological controls on mineralisation
and advance interpretive theories from the detailed work in the mid
1990’s.
Sarjeant continued, “We are confident that these objectives have
been achieved and in addition we have been able to identify new ar-
eas of mineralisation that open the deposit along strike and at
depth. We look forward to additional drilling on the property contin-
uing to grow the Werner Lake resource.”
WL 18-14 (Figure 1) was drilled on Section 360,060 E to test extension
of the West Mine Zone, west from WL 18-12 and WL 18-13 (2.00m @
0.339% Co – previously reported). The hole intersected a thick se-
quence of the targeted altered biotite-garnet gneiss unit (the “Mixed
Unit”) from 274 m to 306 m and again from 312 to 324 m down hole.
Both these sections were characterized with thinner intervals of 2% to
5% sulphides (pyhrrotite, chalcopyrite) with narrow, up to 10% com-
bined sulphides sections.
This intercept confirms the presence of the key host unit with strong
cobalt mineralisation in the targeted area. It also represents an ap-
proximate 50 m down plunge (easterly) extension to mineralisation in
drill hole WL-10-032 (2.0 m @ 0.257% Co from 3123 m down hole)
drilled by Puget Ventures in 2010.
Figure 1: Simplified Cross Section 360,030 E
WL 18-16 was drilled on section 360,100 E (Figure 2) and tested for
an extension to the deep West Mine Zone mineralisation to the east
across a postulated vertical, in theory delineating between the West
Mine Zone and the Old Mine Zone. The hole intersected a number of
narrower zones of the targeted Mixed Unit and returned cobalt en-
riched intervals including 1.01 m @ 0.115% Co from 326.76 down hole.
Drill hole WL 18-15 was collared at the same point but was terminat-
ed after approximately 27 m due to being deflected significantly from
it’s intended azimuth.
Figure 2: Simplifed Cross Section 360,100 E.
WL 18-17, drilled on section 360,190 E (Figure 3) again tested the
down plunge mineralisation associated with the West Cobalt Zone and
represents step outs of 150 m from WL 18-16 and approximately 120
m from WL 18-13. The drill hole successfully cut several zones of the
Mixed Unit with narrow zones with up to 10-15% combined sulphides.
This results indicates the target horizon(s) continue to depth. The
hole was also the deepest drilled to date during the current drill pro-
gram. The positioning of WL 18-17 suggests the hole also hit very
close to the Old Mine Zone, a more vertical mineralised shoot (Can-
mine drill hole O-071; 1.00 m @ 0.160 m from 378.7 m down hole).
Following trends of both zones down dip and down plunge sets up a
potentially interesting structural intersection at depth.
Figure 3: Simplified Section 360,190 E
WL 18-18 was drilled on section 359,525 E and tested the potential for
deeper mineralisation below the resource area at the far west end of
the West Cobalt Zone. Several zones of the altered biotite garnet
schist mixed with mafic and granitic gneiss were cut in the hole, but
overall sulphides were generally in the zero to trace range.
Figure 4: Drill Location Plan Map
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 | OTCQB:GBLEF | 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 70% of the Werner Lake Cobalt Mine in Ontario,
Canada and has entered into an agreement to acquire 100% of the
Millennium Cobalt Project and two neighbouring discovery stage
exploration-stage cobalt assets 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
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