Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS EXPANDS LAND POSITION IN NEVADA; STAKES CLAIMS CONTIGUOUS TO THE LOVELOCK COBALT MINE
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancou-
ver , BC
V6B 1R8
T +1.604.688.4219
Twitter @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS EXPANDS LAND POSITION IN
NEVADA; STAKES CLAIMS CONTIGUOUS TO THE LOVELOCK
COBALT MINE
Vancouver, BC / TheNewswire / June 13, 2019 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or “GEMC”) is
pleased to announce that it has staked 11 new claims adjoining the 70
pre-existing Lovelock Cobalt Mine project claims in Churchill County,
Nevada. The new claims to the north of the historic mine shaft cover
approximately 75 hectares increasing the Lovelock property to a total
of 642 hectares, within 81 mineral claims.
Mitchell Smith, CEO & Director commented:
“As Global Energy Metals commences its exploration program on our
newly optioned ground at the Lovelock Cobalt Mine in Nevada, we
wanted to ensure our land position covered additional prospective
areas contiguous to current holdings. We are especially excited to
have strengthened this land position after recent sampling from the
newly staked area extended the potential for additional cobalt,
nickel and copper mineralization around the historically producing
mine.”
In January of this year, Global Energy entered into an option
agreement with Nevada Sunrise Gold, a Vancouver based company, for
the option to acquire an 85% undivided interest in the Lovelock Cobalt
Mine and nearby Treasure Box project, adding to its portfolio of
battery metal projects in top-tier mining jurisdictions within Canada
and Australia. Both Lovelock and Treasure Box are highly prospective
for battery minerals including cobalt, nickel and copper.
More recently, Global Energy Metals entered into a strategic
technological initiative for a right to use for a period of one year
Canada Cobalt Works’ Re-2OX technology to accelerate the
advancement of the Lovelock Cobalt Mine and Treasure Box projects.
Significantly, Re-2OX skips the normal smelting process to achieve
exceptionally high recovery rates for cobalt, nickel and copper, while
also removing 99% of arsenic expanding the potential of the Lovelock
mine by potentially creating battery grade cobalt sulphate.
This hydrometallurgical testing is part of a wider exploration and
drilling program that will allow for reinterpretation of historic data
and a better understanding of the ability to unlock the cobalt, nickel
and copper potential from GEMC’s Nevada based projects.
Fieldwork and initial lab results from samples taken during a recent
site visit demonstrated the potential to identify high-grade cobalt,
nickel and copper mineralization over broader areas than originally
believed at the Lovelock Cobalt Mine and Treasure Box.
GEMC is currently compiling historical data and formulating plans for
exploration work to advance the battery minerals project.
Qualified Person
Mr. Paul Sarjeant, P . Geo., 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
metal-related projects with key strategic partners. Global Energy
Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario,
Canada, has an option to acquire an 85% interest in two cobalt
exploration projects in Nevada, 150 km east of the Tesla-Panasonic
Gigafactory 1, 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
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.