Powered by Cobalt … Driven by Demand INITIAL RESULTS FROM WERNER LAKE COBALT PROJECT CONFIRM HIGH GRADE COBALT MINERALISATION
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancou-
ver , BC
V6B 1R8
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INITIAL RESULTS FROM WERNER LAKE COBALT PROJECT
CONFIRM HIGH GRADE COBALT MINERALISATION
Vancouver, BC / TheNewswire / July 19, 2018 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to announce that partner Marquee Resources has received assay
results from the first two holes drilled at the summer work program
at the Werner Lake Cobalt project (“Werner Lake”), located in
Ontario, Canada.
Highlights:
•Drill holes intersected high-grade cobalt mineralisation in the
first batch of assays received from Werner Lake.
•3.8m @ 1.39% Co including 1.6m @ 3.23% Co, from 36.7 m in
WL 18-02.
•The Company is excited to confirm consistency of data from
previous drill campaigns.
•Historical total mine production was reported at 143,386 lbs of
cobalt grading approximately 2.2% cobalt and 0.75 % copper.
•Assays for drill holes WL 18-03 and WL 18-04 anticipated short-
ly.
•Marquee has now completed 8 holes for 1,527m at the Werner
Lake Project as part of its phase one drilling campaign.
Marquee Managing Director, Charles Thomas commented:
“These early results from the first phase of the drill campaign are
extremely exciting as they confirm the presence of a high grade
cobalt at Werner Lake. As we continue to receive results from this
drill campaign we are expanding our knowledge of this high-grade
deposit, which remains open in all directions. Drilling has been
progressing ahead of schedule and we look forward to receiving and
reporting the assays from the rest of this phase 1 drilling campaign.”
WL 18-02 returned high-grade intercept, 1.39% Co over 3.8 m (from
35.75 m downhole), including 3.23% Co over 1.6m. Drill hole WL
18-02 was drilled (Azimuth 180o, Dip -45o) to twin diamond drill hole
J-040, a high-grade cobalt intercept completed by Canmine Resources
circa 1995.
Historic diamond drill hole, J-040 intersected high-grade cobalt min-
eralisation returning a main intercept of 5.345% Co over 2.62 metres.
Two other zones of mineralisation were also encountered in WL 18-02
that roughly correspond to findings in J-040 (Figure 1). Overall a wide
zone of Cu mineralisation from 24.0 m (12.1 m @ 0.26% Cu) defined
the targeted horizons.
Figure 1. Cross Section 359,660 E, Werner Lake Drill Holes WL 18-02,
18-03 and 18-04.
Drill hole WL18-01 was drilled (Azimuth 180 o, Dip -67o) to test
potential down dip extension of mineralisation on Section 359,580 E.
Mineralised units were encountered from 146.3 to 153.7 metres with
overall sulphides <1%.
Results indicate the target horizon was intersected where projected
and suggests an approximate extension of 40 metres to depth (Figure
3) of the mineralisation. As expected, elevated Cu values from 146.3
m downhole (2.2 m @ 0.46% Cu) also defined the targeted horizon in
WL 18-01.
Figure 2. Werner Lake Cross Section 359,580 E, Werner Lake Drill
Hole WL-18-01
As part of the phase one drilling campaign, 8 holes for 1,527 metres
have now been completed at the Werner Lake Project.
Core is being sent to the laboratory in batches and as such GEMC
intends to announce further assay results as they come to hand. The
next anticpated batch should include WL 18-03 and WL 18-04 in the
coming weeks.
Marquee’s exploration campaign at Werner Lake is primarily focused
on narrow spaced drilling, which has been designed to increase the
existing Indicated Mineral Resource of 79,400 Tonnes at 0.43% Co
which remains open in all directions.
Figure 3. Werner Lake Drill Hole Location 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 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.
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that term is defined in the policies of the TSX Venture Exchange)
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We seek safe harbour.