Powered BY Cobalt … Driven BY Demand Global Energy Metals Provides Exploration Update and Initial Metallurgical Results ON Its Battery Minerals Project 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
Twitter @EnergyMetals
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GLOBAL ENERGY METALS PROVIDES EXPLORATION UPDATE
AND INITIAL METALLURGICAL RESULTS ON ITS BATTERY
MINERALS PROJECT IN NEVADA
Vancouver, BC / TheNewswire / August 8, 2019 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to provide an update on its ongoing activities and progress achieved
toward the objective of identifying targets for an inaugural drill
program at the Lovelock Mine in Nevada. Work programs outlined
previously by the Company have progressed on schedule and
management is more confident than ever that the Lovelock Mine is a
superb value creation opportunity for shareholders.
Metallurgical Analysis and Re-2Ox
Lab scale metallurgical tests continue to provide further information
on the excellent historical grades observed. The bulk sample taken
by representatives of partner Canada Cobalt Works f r o m t h e w a s t e
rock in the historic dumps in front of the mine openings were sent to
SGS Canada Inc. in Lakefield, Ontario and have undergone initial
analysis resulting in head assay results of 0.2% cobalt, 0.19% nickel
and 2.84% copper. A sample has been submitted for mineralogy testing
and results will be used to better understand which minerals are
hosting the metals and help guide the flotation program.
Results will be used to assist with the Re-2Ox process that allows for
cobalt-nickel-copper-bearing mineralized material to be put through
the Re-2OX Process in order to confirm efficient battery metal
extraction and create a potential battery grade test product.
Canada Cobalt Works is working closely with SGS Canada Inc. and has
been tasked with leading the supervision of the hydro metallurgical
program. Additional results to follow.
Underground Mapping and Sampling
The focus of the detailed underground prospecting, mapping and
sampling program 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.
Particular attention was paid to the main fault of the North Adit
however additional underground workings have been discovered,
adding to the extensive underground development. Interestingly, the
South Adit appears to be on the same structural zone as the main
fault at the Lovelock Mine and the workings follow two subparallel
fault systems with some anomalous nickel, cobalt and is copper
mineralization. The company believes that the geochemical results
are promising, and the structural observations from underground will
be valuable when integrated with future survey results.
Figure 1. Sketches of the North Adit and Underground Workings
Figure 2. Sketches of the South Adit and Underground Workings
Based on the observations, recommendations include mapping and
sampling the surrounding surface rocks on the district-scale property
and combining the collective findings with geophysical data to
determine drill targets with priority given to testing main fault and
the down dropped block to the west.
Future Work
This 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 and integral to a Q4 2019 drill
program that will allow for reinterpretation of historic data and a
better understanding of the ability to unlock the cobalt, nickel and
copper potential from GEMC’s Nevada-based projects.
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.