Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces High-Tech Metals Summer Sampling Program Returns Encouraging Nickel, Copper and Cobalt Assays at the Werner Lake Cobalt Project
TSX.V GEMC
www.globalenergymetals.com
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GLOBAL ENERGY METALS ANNOUNCES HIGH-TECH METALS
SUMMER SAMPLING PROGRAM RETURNS ENCOURAGING
NICKEL, COPPER AND COBALT ASSAYS AT THE WERNER LAKE
COBALT PROJECT
Vancouver, BC / TheNewswire / August 30, 2023 / Global Energy Metals
CorporaRon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy
Metals” , the “Company” and/or “GEMC”) , a mulK-jurisdicKonal, mulK-
commodity criKcal mineral exploraKon and development company focused on
growth-oriented baGery metal projects supporKng the global transiKon to
clean energy, is pleased to report that High-Tech Metals Limited (“High-Tech”),
an equity investee of GEMC, has is pleased to announce signi ficant results
have been achieved through the Ni-Cu-Co geochemical assessment of 209
rock samples collected during the 2023 field season at Werner Lake Project
(Werner Lake, or the Project) located in northwestern Ontario.
The results are extremely encouraging for Werner Lake and confirm the Cu-Co
potenKal of the Project, as well as the discovery of high-grade nickel sulphide
at surface. With 209 samples taken as part of the program, 12 samples ex -
ceeded grades of more than 1% cobalt or 1% copper and 3 samples returned
results greater than 1% Ni. These over-limit samples are being re-assayed with
results pending.
HIGHLIGHTS
•High-grade nickel sulphide (greater than 1% Ni) rock chips at Werner Lake,
which has predominately been explored for cobalt and copper . Rock chips
also returned high grade samples including 6.22% Cu and >1% Co.
•Three surface samples exceeded grades of 1% Ni (exceeded upper detecKon
limit) over-limit assays of these samples are pending.
•AddiKonally, more than 12 samples exceeded grades of 1% cobalt or 1%
copper (exceeded upper detecKon limit) including individual sample results
of:
•Sample F0015125 - 6.22% Cu and 0.5% Co;
•Sample F0015010 - 3.48% Cu and >1% Ni;
•Sample F0014501 - >1% Co and 0.2% Cu; and,
•Sample F0015073 - >1% Ni and 0.8% Cu.
•The discovery of the nickel sulphide potenKal will now be prioriKzed and
targeted for the upcoming HTM drilling program scheduled to begin
towards the end of September .
•The HTM field team collected 209 rock samples over the course of June and
July, and coupled with results from the spring ground magneKc survey, has
greatly assisted in delineaKng the Ni-Cu-Co drill targets.
•These results support the systemaKc exploraKon approach that High-Tech is
taking in unlocking value at Werner Lake and has encouraged the Company
to explore further Nickel sulphide potenKal in the area.
•The old Gordon Lake Mine is located 3.5 km to the East of Werner Lake,
which produced 1,370,285 tons averaging 0.92% Ni and 0.47% Cu1 and has
exisKng reserves of 170,420 tonnes averaging 0.85% Ni and 0.35% Cu1. To
the west of Werner Lake is the Norpax Deposit that has a historic resource
of 1,010,000 tonnes 1.2% Ni and 0.5% Cu2.
•HTM is looking forward to building upon its current Mineral Resources
EsKmate (MRE) at Werner Lake which currently totals 720,000 lbs @ 0.51%
Co & 0.24% Cu.3
•HTM is acKvely evaluaKng numerous new project possibiliKes near Werner
Lake. It is consistently conducKng thorough internal assessments of projects
that align with the Company's goal of specializing in ba Gery metals. Of
special interest are ventures that enhance the Company's involvement in
the recently discovered nickel potenKal of Werner Lake.
1. Parker 1988 in Ontario Geological Survey Open File Report 5975 “Geology of
Nickel-Copper-Chromite Deposits and Cobalt-Copper Deposits at Werner–Rex–
Bug Lakes, English River Subprovince, Northwestern Ontario”
2. Canadian Mines Handbook 1963, pg 215
3. High-Tech Metals Limited Replacement Prospectus dated 8 November 2023.
This follows the successful orientaKon ground geophysical program, (Refer to
High-Tech’s ASX Releases dated 20th April 2023 and 26th May 2023) which
was pivotal in idenKfying potenKal mineral deposits and improving the
understanding of the geological structure of the area.
High-Tech is in the final steps of planning its maiden drill program at Werner
Lake targeKng high priority drill targets, with drilling planned for this Fall/
Autumn. Drill targeKng is focussing on proximity of signi ficant base metal
results with high magneKc anomalies.
In January 2023 GEMC completed the divestment of its 70% interest in the
Werner Lake Project to High-Tech. The Company currently holds 2.5 million
High-Tech shares represenKng a 7.61% interest in the ASX company. See news
release linked here: h Gps://globalenergymetals.com/news/global-energy-
metals-announces-high-tech-metals-raises-aud-4.718m-lists-on-the-asx-and-
completes-on-acquisiKon-of-the-werner/.
For further details regarding the Werner Lake Cobalt Project and the
geochemical assessment of 209 rock samples, including the project updates,
highlights, images and maps, please see High-Tech Metals website h Gps://
hightechmetals.com.au/.
High-Tech Metals Limited
High-Tech Metals Limited (ASX:HTM) is an ASX-listed company focused on the
exploraKon and development of its flagship, 100 per cent owned Werner Lake
Cobalt Project (the Project) located in north-western Ontario, within the
Kenora Mining District, approximately 85 km north-northwest of Kenora,
Ontario and approximately 170 km east-northeast of Winnipeg, Manitoba.
The Project was acquired from Global Energy Metals CorporaKon (70%) and
Marquee Resources Limited (30%).
Qualified Person
Mr . Paul Sarjeant, P . Geo., a Director and shareholder is the qualified person
for this release as defined by NaKonal Instrument 43-101 - Standards of
Disclosure for Mineral Projects.
For Further InformaRon:
Global Energy Metals CorporaKon
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals
Global Energy Metals CorporaRon
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. o ffers investment exposure to the growing
rechargeable baYery and electric vehicle market by building a diversi fied
global por[olio of explora\on and growth-stage baYery mineral assets.
Global Energy Metals recognizes that the prolifera \on and growth of the
electrified economy in the coming decades is underpinned by the availability
of baYery metals, including cobalt, nickel, copper, lithium and other raw
materials. To be part of the solu \on and respond to this electri fica\on
movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por [olio of
strategically significant investments in baYery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt
projects in Canada, Australia, Norway and the United States, GEMC is
inves\ng-in, exploring and developing prospec \ve, scaleable assets in
established mining and processing jurisdic\ons in close proximity to end-use
markets. Global Energy Metals is targe\ng projects with low logis\cs and
processing risks, so that they can be fast tracked to enter the supply chain in
this cycle. The Company is also collabora \ng with industry peers to
strengthen its exposure to these cri \cal commodi\es and the associated
technologies required for a cleaner future.
Securing exposure to these cri\cal minerals powering the eMobility revolu\on
is a genera\onal investment opportunity. Global Energy Metals believes Now
is the Time to be part of this electrifica\on movement.
CauRonary Statement on Forward-Looking InformaRon:
Certain informa\on in this release may cons\tute forward-looking statements
under applicable securi\es laws and necessarily involve risks associated with
regulatory approvals and \melines. Although Global Energy Metals believes
the expecta\ons expressed in such forward-looking statements are based on
reasonable assump\ons, 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 \on to update these forward-looking
statements in the event that management’s beliefs, es\mates or opinions, or
other factors, should change.
GEMC’s opera\ons could be significantly adversely affected by the effects of a
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 opera\ons and the ability of others to meet
their obliga\ons, including uncertain\es rela\ng to the ul\mate geographic
spread of the virus, the severity of the disease, the dura\on of the outbreak,
and the length of travel and quaran\ne restric\ons imposed by governments
of affected countries. In addi\on, a significant outbreak of contagious diseases
in the human popula\on could result in a widespread health crisis that could
adversely affect the economies and financial markets of many countries,
resul\ng in an economic downturn that could further affect opera\ons and
the ability to finance its opera\ons.
For more informa\on 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\on 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.