Powered BY Cobalt … Driven BY Demand Global Energy Metals Executives IN Australia to Meet with Existing and Potential JV Partners and Introduce Investors to PURE-Play Cobalt Exposure Opportunity
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 EXECUTIVES IN AUSTRALIA TO
MEET WITH EXISTING AND POTENTIAL JV PARTNERS AND
INTRODUCE INVESTORS TO PURE-PLAY COBALT EXPOSURE
OPPORTUNITY
Vancouver, BC / TheNewswire / February 5, 2018 / Global Energy
Metals Corp. TSXV:GEMC | FSE:5GE1 (“Global Energy Metals”, the
“Company” and/or "GEMC") is pleased to announce that President &
CEO Mitchell Smith and VP Projects & Director Paul Sarjeant travel to
Sydney and Perth, Australia meeting with joint venture partners and
strengthening its presence with retail and institutional investors
seeking exposure to a pure-play cobalt opportunity.
The Company intends to spread its message about rapidly advancing
the Millennium Cobalt Project in Mt. Isa, Australia (“Millennium”)
alongside partners Hammer Metals, reinforce the importance of its
strategic alliance with Marquee Resources in advancing the Werner
Lake Cobalt project in Canada, as well as inform existing and new
potential investors about the structure of the company, the expertise
of our team and the plans we have to diversify and expand in the near
and medium-term.
Mitchell Smith, President & CEO of Global Energy Metals stated ,
"With the growing demand for cobalt and battery metals and our
partnerships with Marquee and Hammer based in Australia, it is a
natural fit for GEMC to reach out to investors in Australia who
understand this growth trend and are looking to capitalize on the
booming cobalt market. GEMC provides investors much needed
exposure to a pure-play cobalt investment opportunity. W e l o o k
forward to further developing our existing relationship with our JV
partners and hope to strengthen our cobalt portfolio through new
partnerships built from meetings during our time here.”
The roadshow will be an excellent opportunity to introduce Global
Energy Metals to the broader Australian investment community as well
as meet new potential partners and opening discussions with those
who have been following the company and its progress in recent
months.
The schedule has the GEMC executives in Sydney for meetings on the
8th & 9th of February and then in Perth from the 12th - 16th. Should
a meeting be of interest, please contact the Company at
Following the investor roadshow, Paul Sarjeant will be joining the
Hammer Metals team on site at the Millennium Project to oversee the
drill program announced on February 1st, 2018 where previous drilling
indicates that the resource remains open and is a prospective target
for potential resource expansion.
The Company had excellent results from the first three holes drilled
at Millennium and has since remobilized crews and equipment to
resume the first phase drill and exploration program at Millennium.
Paul Sarjeant, VP Projects commented on his site visit, “I’m
certainly looking forward to being back on site at Millennium while
drills are turning. We believe that with the excellent previous results
and with the targeted exploration program being carried out by
Hammer’s geology team that the scale of this project can be grown
significantly.”
The Company plans on completing ten diamond drill holes for an
estimated 1,300 meters of drilling within the existing JORC resource
area. The company anticipates that this will further define and
upgrade known mineralisation in support of a new resource estimate
that will be reported as a cobalt equivalent (“CoEq”). The program
will follow previous drill intercepts in the northern portion of the
mineralised zone c o m p l e t e d b y H a m m e r M e t a l s a n d p r e v i o u s
operators.
The Millennium Cobalt Project:
Millennium is an advanced staged cobalt project with a large defined
zone of cobalt-copper mineralisation which remains open at depth
and along strike. Hammer Metals completed a JORC 2012 Resource
estimate in late 2016 and reported 3.1 million tonnes of Inferred
Resources* grading 0.14% Co, 0.34% Cu and 0.12 g/t Au (using a CuEq
cut-off of 1.0%). Under Canadian reporting standards this resource is
considered a “historic estimate”. The 2016 JORC resource estimate
completed by Hammer Metals Ltd. outlined a mineralised zone over a
strike length of approximately 1.5 km.
Cobalt-copper mineralisation is associated with shear zones hosted
within a sequence of volcanic and sedimentary units. Additional
mapping, soil geochemistry and rock sampling has identified an
additional 1.5 km of anomalous cobalt-copper mineralisation in
geological analogues that occur along a potential strike extension in
the northern half (“Northern Target”) of the tenement package. This
area has not been tested with any drilling to date. The Northern
Target provides excellent opportunity to increase the overall
resource potential of the Millennium project.
To date the project area has been tested by only 63 drill holes
(percussion, RC and diamond) for a total of 7,891 metres. Most holes
have been drilled within 200 metres of surface, with few holes
reaching to depths greater than 250 metres below surface. At present
mineralisation remains open at depth along the strike extent of the
JORC resource area.
Werner Lake Cobalt Project
The Werner Lake Cobalt Mine operated in the 1940s as a high-grade
source of cobalt. Since that time, the project was taken back to
mine decision by Canmine Resources. Canmine Resources completed
a significant amount of work on the project including; helicopter-
borne geophysics, approximately 22,860 m of diamond drilling over
numerous campaigns, several resource calculation and approximately
258 m of underground ramping, drifting and raising into the West
Cobalt Deposit. They also completed a 10,000 tonne bulk sample and
metallurgical bench test milling and chemical analysis on the
mineralised material. Canmine Resources also completed several
preliminary feasibility studies and economic modeling and were in the
process of completing a definitive feasibility study when they filed for
bankruptcy. Additional work was completed in 2009-2010 by Puget
Ventures and all this work formed the basis for the recent NI 43-101
resource report issued by GEMC (see press release September 6,
2017). A work program including diamond drilling (+3,500 m), to
further upgrade resource categories and extend the mineralised
envelope, as well as additional metallurgical work and underground
chip sampling has been recommended. The mineralised zones remain
open in all directions.
For additional information on the Millennium and Werner Lake
projects please refer to to Global Energy Metals’ website
www.globalenergymetals.com.
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.