GEMC.V · 2020-02-19 12:00:00

Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS OUTLINES 2020 PROJECT PLAN FOR NEVADA BASED BATTERY MINERALS PROJECTS

Corporate Updates

TSX.V GEMC

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancouver,

V6B 1R8

T +1.604.688.4219

TwiGer @EnergyMetals

GLOBAL ENERGY METALS OUTLINES 2020 PROJECT PLAN FOR

NEVADA BASED BATTERY MINERALS PROJECTS

Vancouver, BC / TheNewswire / February 19, 2020 / Global Energy Metals

Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 ( “ G l o b a l E n e r g y

Metals” , the “Company” and/or "GEMC") is pleased to announce plans to

move forward with assessment and development of the Lovelock and

Treasure Box Projects for 2020. The goals are as follows:

1)Complete Geological InterpretaVon of 2019 First-Phase ExploraVon Pro-

gram

2) Complete 3D Geological Modelling

3) Complete Inaugural Drill Program

4) Complete Earn-In of 85% Interest in the Property

Mitchell Smith, President & CEO commented:

“Results from the ini/al program in 2019 at the ba8ery minerals project in

Nevada conﬁrmed the prospec/ve poten/al of the overall land package and

indicate considerable promise. Given the scale and prospec/ve nature of this

ba8ery minerals discovery, unlocking value from Lovelock and Treasure Box

will now form as the primary focus of the company’s 2020 explora/on plan.”

The exciVng discovery made as part of the iniVal work program conducted in

2019 was focused on deﬁning structural controls in the known baGery metal-

rich areas and connecVng mineralized zones into broader targets in

preparaVon for an inaugural drilling program.

Given the very large exploraVon area, producing a property-wide geological

interpretaVon and model of the structures and mineralizaVon is an immediate

priority and integral to a 2020 drill program that will allow for reinterpretaVon

of historic data and a beGer understanding of the ability to unlock the cobalt,

nickel and copper potenVal from GEMC’s Nevada-based projects.

The Company will focus its exploraVon program in the area central to the

past-producing Lovelock Mine and will commence a ﬁrst-ever drilling program

to test the extent of mineralizaVon. If assay results are encouraging then it is

expected that addiVonal holes will be drilled to test strike extent.

Figure 1. Loca/on Map of Lovelock and Treasure Box Projects in Nevada, USA

Advancing the Lovelock and Treasure Box projects and earning its 85%

interest in the Nevada based assets provides the Company with high-

potenVal, growth-stage exploraVon projects in an established mining district.

AddiVonally it provides a path forward to develop a domesVc supply of

baGery metals criVcal to naVonal and economic security at a Vme when the

importance of domesVc mineral independence is recognized and being

invested in by both corporate and government bodies.

Qualiﬁed Person

Mr . Paul Sarjeant, P . Geo., is the qualiﬁed person for this release as deﬁned by

NaVonal Instrument 43-101 - Standards of Disclosure for Mineral Projects and

has reviewed and veriﬁed the technical informaVon 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

criVcal material to the growing rechargeable baGery market, by building a

diversiﬁed global poreolio of cobalt assets including project stakes, projects

and other supply sources. GEMC anVcipates growing its business by acquiring

project stakes in baGery metals related projects with key strategic partners.

Global Energy Metals now holds 100% of the Millennium Cobalt Project and

two neighbouring discovery stage exploraVon-stage cobalt assets in Mt. Isa,

Australia. It also currently owns 70% of the Werner Lake Cobalt Mine in

Ontario, Canada and has entered into an agreement to acquire an 85%

interest in two cobalt-nickel-copper exploraVon projects in Nevada, 150km

East of the Tesla Gigafactory.

For Further Informa^on:

Global Energy Metals CorporaVon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219 extensions 236/237

TwiGer: @EnergyMetals

Cau^onary Statement on Forward-Looking Informa^on:

Certain informa/on in this release may cons/tute forward-looking statements

under applicable securi/es laws and necessarily involve risks associated with

regulatory approvals and /melines. Although Global Energy Metals believes

the expecta/ons expressed in such forward-looking statements are based on

reasonable assump/ons, 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 obliga/on to update these forward-looking

statements in the event that management’s beliefs, es/mates or opinions, or

other factors, should change. For more informa/on 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 Regula/on 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.

← Back to feed