Powered BY Cobalt … Driven BY Demand Global Energy Metals Initiates Underground Mapping and Sampling and Further Increases Land Position at the Lovelock Cobalt MINE IN Nevada
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancou-
ver , BC
V6B 1R8
T +1.604.688.4219
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GLOBAL ENERGY METALS INITIATES UNDERGROUND
MAPPING AND SAMPLING AND FURTHER INCREASES LAND
POSITION AT THE LOVELOCK COBALT MINE IN NEVADA
Vancouver, BC / TheNewswire / June 25, 2019 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or “GEMC”) is
pleased to announce that fieldwork at the Lovelock Cobalt Mine in
Churchill County, Nevada is now underway with a focus on identifying
high-grade mineralized zones of cobalt, nickel and copper in the
historical underground workings.
Global Energy Metals will commence channel sampling of previously
identified mineral-rich areas, as well as complete detailed geological
mapping and surveying of the accessible underground workings. The
results of the program will assist in its evaluation of the subsurface
geology and identify areas for future drilling, and serve as an
important resource for the creation of a 3D geological model.
The initial work program is focused on defining structural controls in
the known battery metal-rich areas and connecting mineralized zones
into broader targets in preparation for an inaugural drilling program.
Given the very large exploration area, producing a property-wide
geological interpretation and model of the structures and
mineralization is an immediate priority.
In addition, the Company has staked an additional 7 new claims to
add to the 11 new claims staked earlier this month. The new claims
to the east of the historic mine shaft cover approximately 36 hectares
increasing the Lovelock Cobalt Mine property to a total of 678
hectares, within 88 mineral claims.
Some of these new claims are contiguous to both the Lovelock Cobalt
mine project and the historic Nickel Mine in Cottonwood Canyon. The
workings at the Nickel Mine comprise six short adits and an incline
shaft about 100 feet deep. A sample lot of 15 tons mined in the early
days contained 12 percent nickel and 7 percent cobalt (Source: US
Bureau of Mines, Vanderburg, 1940).
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
metal-related projects with key strategic partners. Global Energy
Metals 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, 150 km east of the Tesla-Panasonic
Gigafactory 1, and has entered into an agreement to acquire 100% of
the Millennium Cobalt Project and two neighbouring discovery stage
exploration-stage cobalt assets 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.