GBLEF - Global Energy Metals Engages SJ Geophysics for Project Data Compilation and Interpretation at Nevada-Based Cobalt-Nickel-Copper Projects
(TheNewswire)
Vancouver, BC - TheNewswire - October 13, 2020 - Global Energy MetalsCorporation ( TSXV:GEMC ) ( OTC:GBLEF ) ( FSE:5GE1 ) ("Global Energy Metals", the"Company" and/or "GEMC ") is pleased to announce that the Company haspartnered with SJ GeophysicsLtd. ("SJGeophysics") to assemble a complete, extensive, comprehensive anddetailed data compilation and interpretation program for its recently acquired andhighly prospective Lovelock Mine & Treausre BoxProjects , locatedapproximately 150km (100mi) east of Reno in the Stillwater Range,Churchill County, Nevada.
Mitchell Smith, CEO & Directorcomments:
" Our team is excited about the initialinterpretations from a century's worth of historical data along withthe more recent UAV airborne MAG and orthophoto digital surveys andfield work from our 2019 exploration program that confirmed theprospective potential for nickel, cobalt, copper amongst otherminerals within the overall land package.
We are delighted tobe partnered with such a highly regarded and sophisticated group ofgeoscientists that have had tremendous success in the field over thepast 50 plus years. We very much look forward to their input on whatwe feel to be a battery minerals project of scale and scope with theadded benefit of being located in close proximity to the end-use U.S.electric vehicle battery market. "
The compilation and interpretation workwill include incorporating the first ever, high-quality, detailed magnetic surveycompleted on theproperty which highlighted multiple zones of interest, along with allknown lithological and mineralogical information and known structuralmeasurements to allow for the framing of a comprehensive structuraland geological map that will vector fieldwork towards those areas ofhighest merit for exploration and target high-priority areas fordrilling.
Additionally, SJ Geophysics willreinterpret historical drilling and mining data related to theCompany's cobalt-copper TreasureBox project and willcompile, analyze, and model historical geological data collected fromseveral previous operators spanning over a century in order to supportfuture exploration programs at the LovelockMine . The analysiswill allow for future modeling of key historically mined zones as wellas unrelated areas that were highlighted by recent MAG and IP surveysconducted at the past-producing Lovelock mine.
Figure 1. Preliminary data image forthe north area of the Lovelock and Treasure Box Projects.
Figure 2. Preliminary data image forthe south area of the Lovelock and Treasure Box Projects.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person forthis release as defined by National Instrument 43-101 - Standards ofDisclosure for Mineral Projects and has reviewed and verified thetechnical information contained herein.
About SJ GeophysicsLtd.
SJ Geophysics Ltd. and its subsidiaryS.J.V. Consultants Ltd. provide geophysical contracting and consultingservices to the global mineral exploration community. Groundgeophysical surveys have been conducted in over 30 countries on 6continents in a wide range of conditions and geologic environments. SJGeophysics has developed a proprietary Volterra DistributedAcquisition System, a modern multi-method geophysical system, capableof acquiring 2D/3DIP, EM, MT, and Borehole data. The company hasworked on a wide range of deposit types across the world and hassignificant experience with 3D magnetic and 3D induced polarizationmodeling and interpretation.
Global Energy MetalsCorporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused onoffering investment exposure to the raw materials deemed critical forthe growing rechargeable battery market, by building a diversifiedglobal portfolio of battery mineral assets including project stakesand sector specific equity positions. GEMC anticipates growing itsbusiness through the acquisition and development of battery mineralprojects alongside key strategic partners. The Company holds 100% ofthe Millennium Cobalt Project and two neighbouring discovery stageexploration-stage cobalt assets in Mount Isa, Australia positioning itas a leading cobalt-copper explorer and developer in the famed miningdistrict in Queensland, Australia. The Company, through its 100% ownedsubsidiary U.S.Battery Metals Corporation, holds an 85% interest intwo battery mineral projects, the Lovelock Cobalt Mine and TreasureBox Project, located on the doorstep of the world's largestlithium-ion battery production plant, the GigaNevada battery megafactory that Tesla Motors Ltd. and partner Panasonic Corp. have builtin Nevada, USA. Additionally, the Company holds a 70% interest in the past-producingWerner Lake Cobalt Mine project in Ontario, Canada.
For FurtherInformation:
Global Energy MetalsCorporation
#1501-128 West PenderStreet
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions236/237
Twitter: @EnergyMetals | @USBatteryMetals
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 that management'sbeliefs, estimates or opinions, or other factors, should change. Formore information on Global Energy and the risks and challenges oftheir businesses, investors should review the filings that areavailable at www.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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