Powered by Cobalt … Driven by Demand DRILLING CONFIRMS MINERALISATION AT DEPTH AT THE WERNER LAKE COBALT PROJECT IN ONTARIO, CANADA
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DRILLING CONFIRMS MINERALISATION AT DEPTH AT THE
WERNER LAKE COBALT PROJECT IN ONTARIO, CANADA
Vancouver, BC / TheNewswire / October 29, 2018 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or “GEMC”) is
pleased to announce that following the successful completion of a
phase 1 exploration program that partner Marquee Resources Limted
(“Marquee”) has confirmed encouraging consistency of data from
previous drill campaigns at the Werner Lake Cobalt project (“Werner
Lake” and/or the “Project”) located in Ontario, Canada.
The multi-phase Werner Lake exploration program is part of a $2.5
million commitment to advance the project and is being solely funded
by Marquee for their earn-in of up to 70% interest in the Project.
Global Energy Metals currently owns 100% of the Werner Lake Project.
Phase 2 drill campaign has intersected further extensions to cobalt
sulphide mineralisation:
•0.55 m @ 0.534% Co from 202.75 m and 0.73 m @ 0.159% Co from
210.20 m in WL 18-08.
•0.89 m @ 0.365% Co from 253.86 m from 253.86 in WL 18-09.
•1.26 m @ 0.299% Co from 279.23 in WL 18-12.
•3.90 m @ 0.214% Co from 346.00 m, including 2.00 m @ 0.339% Co in
WL 18-13.
•Marquee has now completed 18 holes for 4,800 m at the Werner
Lake Project with assays for drill holes WL 18-14 through WL 18-16
anticipated shortly.
•Five metallurgical drill holes for 452m have also been completed
with met-test work underway.
Paul Sarjeant, VP Projects commented:
“These latest results further confirm the presence of extensive
cobalt sulphide mineralisation at the Werner Lake deposit. We are
particularly encouraged by the results of holes WL 18-12 and WL
18-13 which were some of the deepest holes drilled at the project
and indicate that the mineralisation does infact extend to depth and
down plunge as suggested by previous work campaigns at the project.
We look forward to reporting the next holes of the phase 2 drill
program shortly as our partner move towards updating the cobalt
resource at Werner Lake.”
Table 1: Significant Diamond Drill Results - Werner Lake
WL 18-08 was drilled on section 359,840 E (Figure 1) and was designed
to infill between mineralised intercepts drilled during the 2009-2010
drill program by Puget Ventures and drilling by Camine Resources in
1996-1997. The hole successfully intersected a sequence of the
“Mixed Unit” over approximately 11 m core length. The hole
returned two significant intercepts; 0.534% Co over 0.55 m (from
202.75 m) and 0.159% Co over 0.73 m, from 210.2 m (Table 1). These
intercepts correlate well with historical drill holes WL-10-28 (0.404%
Co over 1.69 m; from 233.11 m) and will help to confirm the
mineralised zone on this section.
Drill Hole From (m)To (m) Intercept
(m)*
Co (%)Cu (%)
WL 18-08 202.75 203.30 0.55 0.534 0.221
210.20 210.93 0.73 0.159 0.928
WL 18-09 253.86 254.75 0.89 0.365 0.296
WL 18-10 168.60 170.00 1.40 0.086 0.237
WL 18-11 NSR NSR
WL 18-12 279.23 280.49 1.26 0.299 0.363
WL 18-13 346.00 349.90 3.90 0.214 0.120
Incl.346.00 348.00 2.00 0.330 0.126
*Intercept lengths are core length and not necessarily represent true width. Where possible, drill
holes have been designed to intersect expected zones of mineralisation as close as possible to
perpendicular.
Figure 1: Simplified Cross Section 359.840 E
WL 18-09 was drilled on section 359,870 E (Figure 2) and was
designed to infill between sections and to extend mineralisation down
plunge. A wide zone of the “Mixed Unit” with varying amounts of
disseminated sulphides was encountered. The most significant
intercept in the hole was 0.365% Co over 0.89 m, from 253.86 m
(Table 1). Two other zones of copper mineralisation with anomalous
cobalt were also intercepted. The results confirm the presence of the
mineralised zone and will successfully fill a gap in the current
resource model.
Figure 2: Simplifed Cross Section 359,870 E.
WL 18-10 was drilled on section 359,930 E (Figure 3) and to test a
potential gap in mineralisation approximately 150 m below surface.
The targeted “Mixed Unit” with disseminated sulphide mineralisation
was encountered at 138 m down hole and again at 158 m down hole.
Both zones returned narrow intercepts with copper mineralisation
(Table 1). The hole successfully hit the prospective targeted unit(s),
but cobalt mineralisation was not strong. Results are consistent with
historical values in this area.
Figure 3: Simplified Section 359,930 E
WL 18-11 was drilled on section 359,700 E (Figure 4) and was designed
to extend to depth the excellent intercept in WL 18-07 (0.660% Co
over 5.5 m: previously reported). A wide zone of the “Mixed Unit”
was encountered from 295.6 to 309.75 m down hole with 1%
disseminated pyrite and pyrrhotite throughout. Though the drill hole
successfully drilled the target horizon where anticipated, there were
no significant cobalt values returned in this drill hole.
Figure 4: Simplified Section 359,700 E
WL 18-12 and WL 18-13 were drilled on section 360,060 E (Figure 5)
and were designed to test the down dip and down plunge of
mineralisation below the current resource area. These holes are the
first attempt to drill to depth (+250 m) at the eastern end of the
Minesite Zone and test the down plunge concept that Canmine
Resources had postulated during their work in the late 1990’s. Both
drill holes intersected the targeted “Mixed Unit” approximately
where expected suggesting the key geological units extend to depth.
WL 18-12 returned 0.299% Co over 1.26 m, from 279.23 m (Table 1)
which represents a 50 m extension to know mineralisation below
historic hole J-130 (0.453% Co over 1.07 m). WL 18-13 cut the same
section line approximately 300 m below surface and returned 0.339%
Co over 2.0 m, from 346.0 m within a broader zone of mineralisation
(Table 1). The results of these two drill holes give strong indication
that the mineralisation does extend to depth and down plunge as
suggested by Canmine. Additional drilling continues to test this deep
extension and those results will be reported once received.
Figure 5: Simplified Section 360,060 E
Marquee has now completed 18 holes for 4,800 m at the Werner Lake
Project as part of the phase one and two drilling campaigns (Figure
6). Results for hole WL 18-14 through WL 18-16 are pending and will
be reported when available.
Figure 6: Drill Location Plan Map
The Phase 1 campaign at Werner Lake was 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 that
remains open in all directions. Phase 2 drilling was intended to
extend mineralisation beneath the current resource area and test
potential down dip and down plunge extensions to the mineralisation
at Werner Lake. In addition to this exploration drilling, the Company
has just completed five drill holes for metallurgical purposes (452 m).
Sampling of these holes has been completed and samples have been
sent to AGAT Laboratories for analysis. Once these results have been
received, the Company will composite a bulk sample of approximately
150 kilograms for metallurgical work at SGS Laboratories Canada as
announced on October 17, 2018.