Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS COMMENCES PERMIT PROCESS FOR WERNER LAKE COBALT PROJECT IN ONTARIO
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St.
Vancouver, BC
V6B 1R8
T +1.604.688.4219
Twitter @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS COMMENCES PERMIT PROCESS FOR
WERNER LAKE COBALT PROJECT IN ONTARIO
VANCOUVER, BC / TNW-ACCESSWIRE / SEPTEMBER 11, 2017 / GLOBAL
ENERGY METALS CORP. TSXV:GEMC | FSE:5GE1 (“Global Energy Metals”,
the “Company” and/or "GEMC") announces that it has begun the process of
making the appropriate applications for permitting further exploration and
project development work on its Werner Lake Cobalt project.
GEMC recently announced the completion of a favourable National
Instrument 43-101 Resource Report (the “Report”) carried out by AGP Mining
Consulting Inc. (“AGP”). The Report covered a portion of the potential
resource area on the Werner Lake Cobalt Property (“Werner Lake”) around
the historic underground workings at the “Old Mine Site”, now referred to as
the Minesite Deposit and the West Cobalt Deposit.
The results from the Report supports the Company’s confidence in Werner
Lake and the need for additional exploration and development work on one
of Canada's only primary cobalt deposits with a resource estimate completed
under CIM guidelines. Based on the results of the Report, the project
demonstrates the high-grade nature of the deposit, making it a primary
cobalt opportunity at an advanced stage.
AGP has recommended that several work programs, including diamond
drilling, de-watering the underground workings, metallurgical testing and
surface sampling are warranted at Werner Lake to advance the development
of the project.
Global Energy Metals will make the necessary applications to commence the
work programs that have been recommended. The key focus will be
additional diamond drilling to increase the mineralized zones and upgrade
inferred resources to the indicated resource category.
With its high-grade cobalt grades and location in a pro-mining stable
jurisdiction the Werner Lake Cobalt project is seen as being a future supply of
cobalt material. The Company is actively seeking potential partners that will
allow for the development and value build at Werner.
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 | 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.
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.