Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS RECEIVES APPROVAL TO DRILL THE TREASURE BOX COPPER-COBALT PROJECT IN NEVADA
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancouver,
BC
V6B 1R8
T +1.604.688.4219
TwiGer @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS RECEIVES APPROVAL TO DRILL THE
TREASURE BOX COPPER-COBALT PROJECT IN NEVADA
Vancouver, BC / TheNewswire / February 9, 2022 / Global Energy Metals
CorporaQon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy
Metals” , the “Company” and/or “GEMC”), a company involved in investment
exposure to the baGery metals supply chain, is pleased to announce that it
has received approval from the US Bureau of Land Management (the “BLM”)
for its proposed exploraUon and iniUal drill plan under a NoUce of Intent
(“NOI”) at the Treasure Box Project (“Treasure Box” and/or the “Project”) in
Churchill County, Nevada. Treasure Box is considered to be highly prospecUve
with supergene-enriched iron oxide copper-gold (“IOCG”) style mineralizaUon
that includes the potenUal for discovery of high-grade copper and cobalt.
Figure 1. Treasure Box Drill Hole Loca5on Map, Churchill County, NV
Mitchell Smith, President and CEO stated:
“The approval for the drill permit con5nues to demonstrate the support by the
BLM and the U.S. government for the explora5on and development of domes-
5c projects that have the poten5al to become new sources of baKery and
technology enabling metals. This proposed drill program will target high im-
pact explora5on targets where past indicators point to the possibility of high-
grade copper and cobalt mineraliza5on."
The proposed iniUal drilling program under the approved BLM NOI at the
Treasure Box Mine includes up to thirteen (13) verUcal drill holes from thir-
teen (13) different locaUons (see Figure 1). Planned drill hole lengths range
from 350 feet (107 metres) to 500 feet (152 metres). Total drilling is anUcipat-
ed to be 5,850 feet (1,784 meters), with a minimum drilling length of three (3)
drill holes totaling 1,350 feet (412 metres). Depending on findings, individual
drill hole lengths could be extended by 30 to 50 feet (10 to 15 metres) as de-
termined by the company’s on-site representaUve.
The targeted prospects have been idenUfied by Global Energy Metals through
a systemaUc exploraUon program over the past several months that has
included an airborne magneUc survey, reinterpretaUon of historical Induced
PolarizaUon (IP) data, detailed mapping and desktop review of historical data
including past drilling.
GEMC announced the engagement of SJ Geophysics to allow for the framing
of a comprehensive structural and geological map that will vector fieldwork
towards those areas of highest merit for addi Uonal exploraUon and target
high-priority areas for future drilling iniUaUves at the property.
The Company is in discussions with several qualified and experienced drilling
companies in anUcipaUon of engaging them to provide drilling services for the
Phase 1 drilling campaign of the copper-cobalt targets on the mul U-claim
block in the near future. As drill contractors are constrained the company will
provide an update when a contractor has been engaged.
Treasure Box:
Treasure Box hosts mine workings from limited copper produc Uon, which
occurred unUl early into the 20th century. A historical diamond drill hole (circa
1910) drilled at the Treasure Box by the Boyer-Nevada Copper Company
reportedly intersected 1.52% copper over 85 feet (25.9 metres) with
mineralizaUon beginning at surface. A reverse circulaUon hole drilled on the
Treasure Box by Utah InternaUonal in 1976 returned 1.55% copper over 40
feet (12.2 metres) from a depth of 85 to 125 feet (25.9 to 38.1 metres), and
the hole was stopped in chalcopyrite mineralizaUon. The core Treasure Box
claims were held conUnuously for over 20 years by a private company but
were relinquished in September 2017, leading to their acquisiUon by Nevada
Sunrise and subsequently by GEMC.
Qualified Person
Mr . Paul Sarjeant, P . Geo., is the qualified person for this release as defined by
NaUonal Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. o ffers investment exposure to the growing
rechargeable baKery and electric vehicle market by building a diversi fied
global porSolio of explora5on and growth-stage baKery mineral assets.
Global Energy Metals recognizes that the prolifera 5on and growth of the
electrified economy in the coming decades is underpinned by the availability
of baKery metals, including cobalt, nickel, copper, lithium and other raw
materials. To be part of the solu 5on and respond to this electri fica5on
movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por Solio of
strategically significant investments in baKery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt
projects in Canada, Australia, Norway and the United States, GEMC is
inves5ng-in, exploring and developing prospec 5ve, scaleable assets in
established mining and processing jurisdic5ons in close proximity to end-use
markets. Global Energy Metals is targe5ng projects with low logis5cs and
processing risks, so that they can be fast tracked to enter the supply chain in
this cycle. The Company is also collabora 5ng with industry peers to
strengthen its exposure to these cri 5cal commodi5es and the associated
technologies required for a cleaner future.
Securing exposure to these cri5cal minerals powering the eMobility revolu5on
is a genera5onal investment opportunity. Global Energy Metals believe the the
5me to be part of this electrifica5on movement.
For Further InformaQon:
Global Energy Metals CorporaUon
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
TwiGer: @EnergyMetals | @USBa<eryMetals | @ElementMinerals
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CauQonary Statement on Forward-Looking InformaQon:
Certain informa5on in this release may cons5tute forward-looking statements
under applicable securi5es laws and necessarily involve risks associated with
regulatory approvals and 5melines. Although Global Energy Metals believes
the expecta5ons expressed in such forward-looking statements are based on
reasonable assump5ons, 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 5on to update these forward-looking
statements in the event that management’s beliefs, es5mates or opinions, or
other factors, should change.
GEMC’s opera5ons 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 opera5ons and the ability of others to meet
their obliga5ons, including uncertain5es rela5ng to the ul5mate geographic
spread of the virus, the severity of the disease, the dura5on of the outbreak,
and the length of travel and quaran5ne restric5ons imposed by governments
of affected countries. In addi5on, a significant outbreak of contagious diseases
in the human popula5on could result in a widespread health crisis that could
adversely affect the economies and financial markets of many countries,
resul5ng in an economic downturn that could further affect opera5ons and
the ability to finance its opera5ons.
For more informa5on 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 Regula5on 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.