Powered by Cobalt … Driven by Demand METALLURGICAL TESTING COMMENCES AT THE WERNER LAKE COBALT PROJECT IN ONTARIO, CANADA
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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METALLURGICAL TESTING COMMENCES AT THE WERNER
LAKE COBALT PROJECT IN ONTARIO, CANADA
Vancouver, BC / TheNewswire / October 17, 2018 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to announce that following the successful completion of a phase 1
exploration program that partner Marquee Resources Limted
(“Marquee”) has signed an agreement with SGS Canada Inc. (“SGS”)
to conduct flotation and hydrological test work on the Werner Lake
Cobalt project (“Werner Lake” and/or the “Project”) located in
Ontario, Canada. The multi-phase Werner Lake exploration program is
part of a $2.5 million commitment to advance the project and is
being solely funded by Marquee for their earn-in of up to 70% interest
in the Project. Global Energy Metals currently owns 100% of the
Werner Lake Project.
Marquee has completed 5 HQ diamond drill holes totaling 452 metres,
one from the Old Mine Zone and four from the West Cobalt target
area in order to collect approximately 150 kg of material for metal-
lurgical testing of the mineralisation at Werner Lake. Drill core has
been logged and sampled. Drill core has been logged and sampled.
Core samples have been shipped to AGAT Labs for analysis. Once re-
sults have been received from AGAT , a composite sample will be cre-
ated and shipped to the SGS Minerals laboratory in Lakefield, Ontario
for study.
The composited sample will be stage-crushed to pass 10 mesh and
homogenized. A head sample will be selected and submitted for Co,
Cu, Fe and As analysis.
Metallurgical work will include:
•batch floatation testing to identify appropriate conditions for sub-
sequent bulk floatation testing to produce cobalt concentrate,
•batch POX testing to establish conditions for the extraction of
cobalt from bulk concentrates,
•bulk batch POX testing to produce cobalt PLS for downstream test-
ing, and
•bench scale solution treatment to evaluate potential cobalt and
copper products.
The program is expected to take 3 months to complete once the lab
has received the sample and is critical next step when assessing po-
tential off take arrangements with end users of the product.
The phase two drill program is ongoing with Marquee having now
completed 15 holes at the Project. The company expects to report
the results of the assays from this phase 2 drilling campaign shortly.
About SGS Canada Inc.
SGS is the global leader in inspection,verification, certification and
testing services and has been active in Canada for 75 years. SGS’
global centers of xxcellence for their market-leading metallurgical
and geochemical businesses are located in Lakefield, Vancouver,
Toronto and Quebec City.
Their flowsheet development, geometallurgical, pilot plant testing,
chemical analysis and laboratory outsourcing staff have earned the
respect of the global minerals industry and they are the world’s lead-
ing provider of bankable metallurgical services. They have over 200
metallurgists, chemists and related professionals who bring significant
expertise and experience to all these areas.
For more information about SGS please visit their website linked here:
https://www.sgs.ca.
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
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.