Powered BY Cobalt … Driven BY Demand Global Energy Metals’ Partner Marquee Resources Appoints Cobalt Experienced Toby Hughes as Chief Geologist to Focus ON Werner Lake Cobalt Project
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GLOBAL ENERGY METALS’ PARTNER MARQUEE RESOURCES
APPOINTS COBALT EXPERIENCED TOBY HUGHES AS CHIEF
GEOLOGIST TO FOCUS ON WERNER LAKE COBALT PROJECT
Vancouver, BC / TheNewswire / April 11, 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 Limited (“Marquee”)
(ASX:MQR) has appointed the highly experienced Mr. Toby Hughes to
its Canadian geological team. Mr Hughes will lead the exploration
program at the Werner Lake Cobalt project (“Werner Lake”) located
in Ontario, Canada, in which Marquee has an option to acquire an
interest from GEMC to earn up to 70% through project level work
expenditures totalling $2.5 million.
Mitchell Smith, President and CEO of GEMC commented on the
appointment of Toby Hughes by Marquee, “Marquee is extremely
fortunate to have retained a geologist of Mr. Hughes stature and
extensive background specific to not only cobalt but to the Werner
Lake Cobalt project given his many years of field and exploration
work on the project. We look forward to seeing great progress made
by Toby and the entire Marquee team.”
This appointment is considered to be of significance as Marquee
initiates an aggressive and meaningful exploration program to
strengthen an update the current resource estimate. Marquee has
also shortlisted a number high caliber drilling contractors and it is
anticipated that an appointment and associated announcement will
be released in the near future.
Toby N.J. Hughes, P. Geo (ON), P. Geol (NT/NU)
Mr. Hughes is a professional geologist with a career spanning over 35
years having worked globally on projects in Canada, Mongolia, China,
Colombia, Ecuador, Ghana, Venezuela, Guyana, Argentina and the
United States. He is well versed in project management, structural
geology studies, mapping, evaluation, and acquisitions. Mr. Hughes
has extensive cobalt experience including several years as project
manager at the Werner Lake project. In addition Mr. Hughes was
responsible for exploration programs within the Ontario Cobalt mining
camp, and evaluations across the Ontario and Québec Abitibi, as well
as in British Columbia.
Mr. Hughes has worked for Agnico-Eagle, focused on regional targets
and evaluations in the Cobalt Region of Ontario, as well as experience
with IOCG Au-Cu-Ni-Co targets for Phelps Dodge in the Northwest
Territories.
His experience covers grass roots to advanced stage exploration, with
senior positions including Chief Geologist, Exploration Manager and
Vice President Exploration, with expertise in precious and base metals
systems. He has extensive experience covering over 150 evaluations
for property acquisition & joint venture on four continents. Mr.
Hughes has worked, and been associated with, several deposits and
discoveries including, Glimmer, Harker-Holloway East, Joutel West,
Damoti Lake and Meadowbank.
Marquee Managing Director, Mr. Charles Thomas stated, “We are
pleased to welcome Mr. Hughes to the Marquee team. Mr Hughes has
previously been heavily involved in the Werner Lake project, so for
Marquee to attract someone of the caliber of Toby to the team with
local on ground knowledge of the project is a significant coup.”
“We’re excited as we tick another box with Toby’s appointment and
now move closer to embarking on the aggressive exploration program
at Werner Lake”
The Werner Lake project, which abuts First Cobalt Corporation’s
western Ontario cobalt assets, will now be the focus of a $2.5 million
exploration program f u n d e d s o l e l y b y M a r q u e e . M a r q u e e ’ s p r i o r i t y
will be to identify and delineate additional high-grade cobalt
mineralisation at Werner Lake.
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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Global Energy Metals believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
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