GBLEF - Global Energy Metals Announces Summer Exploration Program at the Monument Peak Copper-Silver-Gold Project in Idaho USA
(TheNewswire)
Vancouver, BC - TheNewswire - July 14, 2021 - 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 plans for an explorationprogram during the 2021 summer field season at the Monument PeakCopper-Silver-Gold project (“Monument Peak”) in Idaho, USA.
The phased exploration program conductedby Dahrouge Geological Consulting USA (DGC) will commence on or beforeJuly 17th with exploration results released as they become available.Preliminary analysis of the summer exploration program will follow andlead to the preparation of an independent technicalreport.
To establish the project's resourcepotential, work will include drone geophysical surveys and soilsampling, as follows:
Phase 1 - SoilSampling and Geological Reconnaissance Sampling (10-dayprogram)
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- Soil sampling program, 2-person crewtargeting 517 samples,
- Document and sample historical dumps,workings, and additional outcrops, and
- Expand knowledge of geologicalunits.
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Phase 2- DroneMagnetics Survey and Photogrammetry
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- Conduct drone magnetics survey overthe entire Monument Peak Property:
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- 130 line km at 50 m spacing,and
- Data processing using Oasis Montajsoftware.
- Conduct high resolution photogrammetrysurvey over the entire Monument Peak Property
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- 95 line km, and
- DSM generation and orthoimage usingDJI terra.
Data collected during the summer 2021exploration at Monument Peak will be utilized to prepare anindependent technical report and be used for the generation of drilltargeting / permitting.
Timothy Strong,Project Development Manager commented:
“ We’re excited to launch our summer workprogram at Monument Peak. The initial prospecting work completed byDahrouge Geological Consulting as well as all of the historic datacompiled to date, show that there is a large footprint of polymetallicmineralization on the property. As a next step, we’re very excitedto focus on the potential to explore several additional copper, silverand gold target areas by taking a much broader perspective on theMonument Peak land package .”
Figure 1. MonumentPeak location map highlighting assays from 2020 work program.
Monument PeakCopper-Silver-Gold Project, Idaho, USA
The Monument Peak Project consists of 69claims covering approximately 1,380 acres (~558.5 hectares). It isan exploration-staged, high-grade, copper-silver-gold project, whichcovers two small past producing copper mines: Jackson and HungryHill. Sporadic development and production in the area occurredprimarily during the early 1900’s, with some additional developmentin the 1950’s. The most recent exploration occurred during the1970’s and 1980’s.
Mitchel (1972) described the Cu-Ag-Aumineralization at Monument as having “unusual continuity” inassociation with structural zones within sericitic quartzites, whichcan be traced along 3,200 m strike that vary from 3 to 6 mwidth.
The mineralization is described (Lavery,1988) as “syngenetic and fits a volcanic-hosted (massive) sulfidemodel … where … the copper-mineralized section might be as much as175 feet thick”.
A previous program undertaken by DGC in2020, included the collection of 56 rock samples to confirm historicresults, as announced in a previous news releasedated April 27, 2021 . The field work confirmed both the presence of significantCu, Ag mineralization, but also the presence of significant goldmineralization. The samples were collected from three main areasover 3,200 m strike and from the separate Hungry Hill Mine; thearithmetic average of all samples was 2.34% Cu, 57.6 g/t Ag, and 0.68g/t Au.
Project highlights follow (from North toSouth):
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- North Showing: grab samples to 0.57%Cu, 248 g/t Ag, 57.5 g/t Au;
- Jackson Adit: grab samples to 13.6%Cu, 2,589 g/t Ag, 17.1 g/t Au;
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- Chip Sample: 3.0 m of 7.03% Cu, 109g/t Ag
- Chip Sample: 1.8 m of 3.11% Cu, 101g/t Ag
- Chip Sample: 6.1 m of 4.32% Cu, 99g/t Ag
- Anderson Occurrence: grab samples to3.9% Cu, 89 g/t Ag, 2.5 g/t Au.
- Hungry Hill Mine (2 km east of maintrend): 2.4 m of 17% Cu.
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Field crews visited four known mineraloccurrences (Jackson/Baker, Hungry Hill Mine, Anderson and NorthShowing) and confirmed the high-grade Cu-Ag (+/- Au) mineralization atall locations. Outcrop is sparse throughout the property andcommonly only exposed by historic workings. Observed mineralizationstyle and grade is similar across all showings, with notably highercopper grades (up to 20.9% Cu) at Hungry Hill, while the North Showinghad the highest gold values (up to 11.4 g/t Au). High grades ofsilver (greater than 80 g/t Ag) were associated with all mineraloccurrences.
QualifiedPerson
Mr. Paul Sarjeant, P. Geo., is thequalified person for this release as defined by National Instrument43-101 - Standards of Disclosure for Mineral Projects.
Global Energy MetalsCorporation
(TSXV:GEMC | OTC:GBLEF| FSE:5GE1)
Global Energy Metals Corp. offersinvestment exposure to the growing rechargeable battery and electricvehicle market by building a diversified global portfolio ofexploration and growth-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 believe thethe time to be part of this electrification movement.
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