Powered BY Cobalt … Driven BY Demand Global Energy Metals Identifies Numerous New Strong Magnetic Trends Utilizing Cutting-Edge Uav-Mag Airborne Geophysics Surveying ON Its Battery Minerals Project IN Nevada
TSX.V GEMC
www.globalenergymetals.com
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GLOBAL ENERGY METALS IDENTIFIES NUMEROUS NEW
STRONG MAGNETIC TRENDS UTILIZING CUTTING-EDGE
UAV-MAG AIRBORNE GEOPHYSICS SURVEYING ON ITS
BATTERY MINERALS PROJECT IN NEVADA
Vancouver, BC / TheNewswire / December 2, 2019 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to announce an update regarding its unmanned airborne
magnetometer survey on the Company’s Nevada based battery
minerals project l o c a t e d i n t h e S t i l l w a t e r M o u n t a i n R a n g e ,
approximately 150km east of the Tesla Gigafactory in Sparks, Nevada.
Interpretation of the data is ongoing but preliminary data suggests
the following:
•The focus of the initial work program at Lovelock was to further
evaluate the subsurface geology and identify areas for future
drilling, and serve as an important resource for the creation of a
3D geological model of the nickel-copper-cobalt rich property.
•Good correlation between surface mineralization and historic IP
conductors.
•The survey has identified numerous new strong magnetics trends
that appear to correlate very well with historic zones of mineral-
isation.
•The area over the mine was covered by 50-metre line spacing to
acquire detailed data for interpretation and modelling.
•Survey covers 248 line kilometers, 12.4 square kilometre area of
the historically high-grade Cobalt-Nickel-Copper project.
•Further intepretation of the data is underway with results pend-
ing.
•The survey was flown by MWH Geo-Surveys International Inc.
(“MWH”), a leader in the UAV space.
Commenting on the survey and its application to the overall global
electrification, CEO Mitchell Smith stated the following:
“The EV market is still in its infancy worldwide, but as it continues
to mature it presents a tremendous opportunity for exploration and
development companies. The United States, like many other nations
waking up to the need for resource sovereignty, is seeking to bolster
its economic and national security by providing a scalable supply
chain of critical minerals, like cobalt, to avoid dependence on com-
peting countries for raw materials.”
“This survey aids in our understanding of a drill ready project in
Nevada, home to the world’s largest battery manufacturing facility,
and spotlights these projects as a potential future source of cobalt,
nickel and copper that are required to produce the vast amount of
raw material the EV battery and new energy economy demands.”
This first ever high-quality, detailed magnetic survey completed on
the property highlights multiple zones of interest. With additional
interpretation and ground truthing the survey will assist Global Energy
Metals in planning and executing a targeted ground exploration pro-
gram culminating in drill testing.
UAV Magnetic Survey
MWH’s UAV mag system uses a GEM GSMP-35U sensor flown under a D-
RTK DJI Matrice 600 Pro hexacopter. Due to the high data capture
rate, slower flight speeds and lower altitude, the magnetic data is of
high accuracy and resolution. Data will be processed and presented as
TMI map (PDF) & ASCII grid formats.
Figure 1. Preliminary data image for the north area of the Lovelock
and Treausre box Projects.
Figure 2. Preliminary data image for the south area of the Lovelock
and Treausre box Projects.
MWH Geo-Surveys International Inc.
MWH Geo-Surveys have since 1980 been exclusively conducting gravity
and magnetic surveys and their related topographic surveys. They
have extensive experience around the world including surveys in
Argentina, Bolivia, Chad, Colombia, Cuba, Eritrea, Ethiopia, Finland,
Gambia, Guatemala, Honduras, Indonesia, Iraq, Ireland, Italy, Kenya,
Liberia, Madagascar, Mali, Mexico, Mongolia, Nigeria, Oman, Peru,
Philippines, Senegal, Spain, Sudan, Thailand, Trinidad, Tunisia, Turkey,
Yemen and Zimbabwe. Additional information can be found at
www.mwhgeo.com
While the UAV magnetic survey technology is new, MWH has been a
leader in developing a field proven system integrating the UAV
equipment, the magnetic system and flight controlling software. Their
UAV systems have been successfully utilized worldwide on numerous
successful surveys consisting of more than 20,000 flown kilometers.
Qualified Person
Mr. Paul Sarjeant, P . Geo., 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 now holds 100% of the Millennium Cobalt Project and two
neighbouring discovery stage exploration-stage cobalt assets in Mt.
Isa, Australia. It also currently owns 70% of the Werner Lake Cobalt
Mine in Ontario, Canada, has an option to acquire an 85% interest in
two cobalt exploration projects in Nevada, 150km East of the Tesla
Gigafactory.
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
Twitter: @EnergyMetals
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.