GEMC:CC - Global Energy Metals Unveils Summer Exploration Strategy for Monument Peak Copper-Silver-Gold Project in Idaho During Interview with Proactive
(TheNewswire)
Vancouver, BC /TheNewswire / April 11, 2024 / Global Energy Metals CorporationTSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the“Company” and/or “GEMC”) , a multi-jurisdictional, multi-commoditycritical mineral exploration, development and project generatingcompany focused on growth-oriented projects supporting the globaltransition to clean energy, announces that CEO joined Steve Darling fromProactive to unveil anambitious exploration strategy slated for the summer of 2024 at its Monument Peak Copper-Silver-GoldProject (the “Project”and/or “Monument Peak”) in Lemhi County, Idaho, United States.
Highlights
-
Monument Peak, consisting of 84claims, is an exploration-staged, high-grade, copper-silver-goldproject in Idaho, a state that consistently ranks as a top miningjurisdiction by the Fraser Institute ,
-
Following a reinterpretation of bothhistorical and more recent data, including field work conducted byDahrouge Geological Consulting USA Ltd., a new geological model hasbeen proposed and warrants further investigation,
-
Monument Peak hosts a similar styleof mineralization as other large strata-bound sedimentary copper,silver, gold deposits found in the Western Montana Copper Belt whichextends into Idaho,
-
A past exploration field programconducted by DGC resulted in rock samples that ranged up to 5.61% Cu,175 g/t Ag, 17.6 g/t Au; the samples returned an arithmetic average of2.18% Cu, 63 g/t Ag, 3.65 g/t Au,
-
Spring/Summer exploration plansdesigned to refine our exploration targets and further evaluate theeconomic potential of the identified mineral zones,
-
Updated project specificpresentation filed on the Monument Peak landingpage of theCompany’s website.
Towatch the Proactive video interview where Smith highlights thesignificance of the reinterpretation of Monument Peak and howadvancing the Project fits with the Company’s overall strategy ofproviding shareholder exposure to strategic minerals like copper,silver and gold please clickhere .
Figure 1. Monument Peak hosts a similar style of mineralization asother large strata-bound sedimentary copper silver deposits found inthe Western Montana Copper Belt which extends intoIdaho.
Monument Peak, encompassing 84 claims, stands as a promisingexploration endeavor characterized by its high-gradecopper-silver-gold potential in a region renowned for its miningprospects. Highlighting a re-evaluation of historical and contemporarydata, including insights gleaned from fieldwork conducted by Dahrouge Geological Consulting , the company revealeda compelling new geological model that merits furtherscrutiny.
Full details of the reinterpretation and proposed summer program forMonument Peak can be found on the Company’s website in a newsrelease issued earlier in the day.
April 11, 2024: Global Energy Metals Provides Update on MonumentPeak Copper, Silver, Gold Project in Idaho; Outlines SummerExploration Strategy
Smith elaborated to Proactive on the rationale behind theexploration strategy, citing parallels between the geologicalcharacteristics of the Monument Peak area and the Western MontanaCopper Belt following a re-interpetation of data by Dahrouge GeologicalConsulting , a joint-partner inMonument Peak. Recognizing these similarities in the style and age ofcopper and silver mineralization, Global Energy Metals, aims tovalidate the grades, thickness, and mineralization style at MonumentPeak ahead of drilling activities. The upcoming spring/summerexploration campaign will entail a comprehensive surface mappinginitiative, augmented by the systematic collection of additional rocksamples informed by previous reconnaissance efforts.
This planned approach seeks to refine exploration targets andenhance the understanding of the economic viability of the identifiedmineral zones. By leveraging advanced geological insights andemploying a methodical exploration methodology, Global Energy Metalsendeavors to unlock the full potential of the Monument Peak project.
Global Energy Metals has a diversified portfolio of exploration andgrowth-stage battery mineral assets, offering investors exposure tothe growing rechargeable battery and electric vehiclemarket.
For more information on Monument Peak, please refer toa recently updated projectpresentation filed on the Company’swebsite.
QualifiedPerson
Mr. Paul Sarjeant, P. Geo., is the qualified person for this releaseas defined by National Instrument 43-101 - Standards of Disclosure forMineral Projects. He is a shareholder and Director of theCompany.
ForFurther Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219
www.globalenergymetals.com
Twitter: | |
Global Energy MetalsCorporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy MetalsCorp. offers investment exposure to the growing rechargeable batteryand electric vehicle market by building a diversified global portfolioof exploration and growth-stage battery mineral assets.
Global Energy Metals recognizes that the proliferation and growth ofthe electrified economy in the coming decades is underpinned by theavailability of battery metals, including cobalt, nickel, copper,lithium and other raw materials. To be part of the solution andrespond to this electrification movement, Global Energy Metals hastaken a ‘consolidate, partner and invest’ approach and in doing sohave assembled and are advancing a portfolio of strategicallysignificant investments in battery metal resources.
As demonstrated with the Company’s current copper, nickel andcobalt projects in Canada, Australia, Norway and the United States,GEMC is investing-in, exploring and developing prospective, scaleableassets in established mining and processing jurisdictions in closeproximity to end-use markets. Global Energy Metals is targetingprojects with low logistics and processing risks, so that they can befast tracked to enter the supply chain in this cycle. The Companyis also collaborating with industry peers to strengthen its exposureto these critical commodities and the associated technologies requiredfor a cleaner future.
Securing exposure to these critical minerals powering the eMobilityrevolution is a generational investment opportunity. Global EnergyMetals believes Now is the Time to be part of this electrificationmovement.
Cautionary Statement on Forward-LookingInformation:
Certain information in this release may constitute forward-lookingstatements under applicable securities laws and necessarily involverisks associated with regulatory approvals and timelines. AlthoughGlobal Energy Metals believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in theforward-looking statements. Except as required by law, the Companyundertakes no obligation to update these forward-looking statements inthe event that management’s beliefs, estimates or opinions, or otherfactors, should change.
GEMC’s operations could be significantly adversely affected by theeffects of a widespread global outbreak of a contagious disease,including the recent outbreak of illness caused by COVID-19. It is notpossible to accurately predict the impact COVID-19 will have onoperations and the ability of others to meet their obligations,including uncertainties relating to the ultimate geographic spread ofthe virus, the severity of the disease, the duration of the outbreak,and the length of travel and quarantine restrictions imposed bygovernments of affected countries. In addition, a significant outbreakof contagious diseases in the human population could result in awidespread health crisis that could adversely affect the economies andfinancial markets of many countries, resulting in an economic downturnthat could further affect operations and the ability to finance itsoperations.
For more information on Global Energy and the risks and challengesof their businesses, investors should review the filings that areavailable 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 thisrelease.
We seek safe harbour.
Copyright (c) 2024 TheNewswire - All rights reserved.