GEMC:CC - Global Energy Metals Announces Filing of Technical Report for Monument Peak Copper-Silver-Gold Project Located in Idaho USA
(TheNewswire)
Vancouver, BC - TheNewswire - June 1, 2022 - Global Energy MetalsCorporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the“Company” and/or “GEMC ”), a company involved in investment exposure to the batterymetals supply chain, is pleased to announce that Brian T. Brewer ofBrewer Exploration and Geological Services Inc. (“Brewer”), wasretained to prepare an independent Technical Report on the MonumentPeak Property (the “Property”), located in Lemhi County, Idaho,USA. The company filed a technical report titled “NI 43-101Technical Report on the Monument Peak Property,Lemhi County, Idaho, USA ” (the “Technical Report”) with an effective date ofJanuary 3, 2022.
Commenting on thefindings of the Technical Report, Mitchell Smith, President and CEOsaid:
“ We’ve been extremely pleased by thefieldwork conducted and results generated from Monument Peak sinceacquiring our interest in it. As the Author highlights in theTechnical Report, the Monument Peak project is a ‘Property ofMerit’ and that the ‘continuity and grades of copper, silver, andgold mineralization along strike from both historical and recent work,confirm that the Property has potential to host a significantcopper-silver-gold deposit’. We look forward to working with ourpartner, Dahrouge Geological in continuing to build value advancingthis important U.S. project. ”
This report has been prepared incompliance with regulatory disclosure and reporting requirements asoutlined in Canadian National Instrument 43-101 - Standards forDisclosure for Mineral Projects (“NI 43-101”), companion policy NI43-101CP and Form 43-101F1 – Technical Report. The purpose of thisreport was to summarize the known geology, mineralization, historicalexploration, and recent work completed by GEMC on theProperty.
RecentExploration
In 2021, GEMC contracted DahrougeGeological Consulting USA Ltd. (“DGC”) to conduct exploration workon the Property. The exploration work included geochemical rock andsoil sampling, The purpose of the program was to evaluate the extentof mineralization on the Property and confirm historical analyticalresults.
Results from the 2021 explorationprogram confirm the occurrence of significant Cu-Ag+/-Aumineralization along a northwest-southeast trend on the Property.Mineralization occurs along a shear zone paralleling the quartzitecontact and in fissure veins parallel and perpendicular to bedding.
Analytical results from these samplesconfirm significant Cu-Ag+/-Au mineralization along trend and aresummarized in Table 1.
Results include sample 15140 with 5.61%Cu and 42.8 g/t Ag, sample 151402 with 2.76% Cu and 20.1 g/t Ag, Sample 151408 with 4.63% Cu,17.40 g/t Au and 175 g/t Ag, and sample 151410 with 4.93% Cu, 17.60g/t Au and 87.8 g/t Ag. For additional details please refer to newsreleases dated March 23, 2022 and September 9,2021 .
Table 1. Summary of2021 Rock Sample Results
Technical ReportRecommendations
A two-phase exploration strategy hasbeen recommended.
Phase 1 consistsof:
• completion of an airborne highresolution magnetic survey and LiDAR survey over the entire Property.
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detailed geologic mapping, infill geochemical soilsampling and geochemical rock sampling of anomalies identified fromthe airborne survey.
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permitting for a diamond drill program and securingvehicle access to the Property through patented lands.
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cost of Phase 1 estimated to be USD $193,760.
Phase 2 consistsof:
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diamond drill program to test targets identified tofurther delineate and better understand the geology, structure,mineralization, and geochemical characteristics on the Property atdepth.
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cost of Phase 2 estimated to be USD $642,500.
The Technical Report is available fordownload under the Company's profile on SEDAR (www.sedar.com). Acopy of the Technical Report is also located on the Company'swebsite .
QualifiedPerson
Mr. Paul Sarjeant, P.Geo., is the qualified person for this release as defined by NationalInstrument 43-101 - Standards of Disclosure for MineralProjects.
Global Energy MetalsCorporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offersinvestment exposure to the growing rechargeable battery and electric vehiclemarket by building a diversified global portfolio of exploration andgrowth-stage battery mineral assets.
Global Energy Metalsrecognizes that the proliferation and growth of the electrifiedeconomy in the coming decades is underpinned by the availability ofbattery metals, including cobalt, nickel, copper, lithium and otherraw materials. To be part of the solution and respond to thiselectrification movement, Global Energy Metals has taken a‘consolidate, partner and invest’ approach and in doing so haveassembled and are advancing a portfolio of strategically significantinvestments in battery metal resources.
As demonstrated withthe Company’s current copper, nickel and cobalt projects in Canada,Australia, Norway and the United States, GEMC is investing-in,exploring and developing prospective, scaleable assets in establishedmining and processing jurisdictions in close proximity to end-usemarkets. Global Energy Metals is targeting projects with low logisticsand processing risks, so that they can be fast tracked to enter thesupply chain in this cycle. The Company is also collaborating withindustry peers to strengthen its exposure to these criticalcommodities and the associated technologies required for a cleanerfuture.
Securing exposure tothese critical minerals powering the eMobility revolution is agenerational investment opportunity. Global Energy Metals believesNow is the Time to be part of this electrificationmovement.
For FurtherInformation:
Global Energy MetalsCorporation
#1501-128 West PenderStreet
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219
www.globalenergymetals.com
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Cautionary Statementon Forward-Looking Information:
Certain informationin this release may constitute forward-looking statements underapplicable securities laws and necessarily involve risks associatedwith regulatory approvals and timelines. Although Global Energy Metalsbelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those in the forward-looking statements.Except as required by law, the Company undertakes no obligation toupdate these forward-looking statements in the event thatmanagement’s beliefs, estimates or opinions, or other factors,should change.
GEMC’s operationscould be significantly adversely affected by the effects of awidespread global outbreak of a contagious disease, including therecent outbreak of illness caused by COVID-19. It is not possible toaccurately predict the impact COVID-19 will have on operations and theability of others to meet their obligations, including uncertaintiesrelating to the ultimate geographic spread of the virus, the severityof the disease, the duration of the outbreak, and the length of traveland quarantine restrictions imposed by governments of affectedcountries. In addition, a significant outbreak of contagious diseasesin the human population could result in a widespread health crisisthat could adversely affect the economies and financial markets ofmany countries, resulting in an economic downturn that could furtheraffect operations and the ability to finance itsoperations.
For more informationon Global Energy and the risks and challenges of their businesses,investors should review the filings that are available atwww.sedar.com.
Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
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