Powered BY Cobalt … Driven BY Demand Global Energy Metals Partner Marquee Resources Commences Extensive Drilling Program Targeting High Grade Cobalt Mineralisation at Past Producing Werner Lake Cobalt Project
TSX.V GEMC
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GLOBAL ENERGY METALS PARTNER MARQUEE RESOURCES
COMMENCES EXTENSIVE DRILLING PROGRAM TARGETING
HIGH GRADE COBALT MINERALISATION AT PAST
PRODUCING WERNER LAKE COBALT PROJECT
Vancouver, BC / TheNewswire / June 28, 2018 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to announce that partner Marquee Resources (ASX:MQR) (“Marquee”)
has commenced a diamond drilling campaign at the Werner Lake
Cobalt project (“Werner Lake”), located in Ontario, Canada.
Marquee Managing Director Mr Charles Thomas commented:
“This is an extremely exciting time for shareholders of both Marquee
and Global Energy Metals as we now embark on the aggressive explo-
ration program and rapidly unlock the significant potential of the
Werner Lake Cobalt project and regional surrounds.”
Commenting on the start of the program, GEMC President & CEO
Mitchell Smith said, "We are thrilled to have drills turning again at
the past producing Werner Lake Cobalt project and look forward to a
successful work campaign by our partner Marquee Resources.”
Marquee’s exploration campaign at Werner Lake is 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
which remains open in all directions.
Phase 1 of the drilling program will consist of approximately 2,000m
of diamond drilling. Subject to expected positive results Marquee will
immediately move to Phase 2 of the program which will consist of ap-
proximately 3,500m of diamond drilling. Initially, drilling will focus
on the Werner Lake West area where the bulk of the NI 43-101 re -
source estimate has been delineated. Planned drill holes will test
depth extension of the mineralised zone(s), confirm historic drill in-
tercepts and will attempt to convert areas of Inferred mineralisation
to Indicated category. Phase 2 drilling would continue to test the
down dip/down plunge potential of the mineralised zone at both the
Werner Lake West and the Old Mine Site areas.
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.
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 | 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 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
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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
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