Global Energy Metals Announces Filing of Technical Report for Monument Peak Copper-Silver-Gold Project Located in Idaho
Vancouver, June 1, 2022 - Global Energy Metals Corp. (TSXV:GEMC) | (OTC:GBLEF) | (FSE:5GE1) ("Global Energy Metals", the "Company" and/or "GEMC"), a company involved in investment exposure to the battery metals supply chain, is pleased to announce that Brian T. Brewer of Brewer Exploration and Geological Services Inc. ("Brewer"), was retained to prepare an independent Technical Report on the Monument Peak Property (the "Property"), located in Lemhi County, Idaho, USA. The company filed a technical report titled "NI 43-101 Technical Report on the Monument Peak Property, Lemhi County, Idaho, USA" (the "Technical Report") with an effective date of January 3, 2022. Commenting on the findings of the Technical Report, Mitchell Smith, President and CEO said:
"We've been extremely pleased by the fieldwork conducted and results generated from Monument Peak since acquiring our interest in it. As the Author highlights in the Technical Report, the Monument Peak project is a 'Property of Merit' and that the 'continuity and grades of copper, silver, and gold mineralization along strike from both historical and recent work, confirm that the Property has potential to host a significant copper-silver-gold deposit'. We look forward to working with our partner, Dahrouge Geological in continuing to build value advancing this important U.S. project."
This report has been prepared in compliance with regulatory disclosure and reporting requirements as outlined in Canadian National Instrument 43-101 - Standards for Disclosure for Mineral Projects ("NI 43-101"), companion policy NI 43-101CP and Form 43-101F1 - Technical Report. The purpose of this report was to summarize the known geology, mineralization, historical exploration, and recent work completed by GEMC on the Property.
Recent Exploration
In 2021, GEMC contracted Dahrouge Geological Consulting USA Ltd. ("DGC") to conduct exploration work on the Property. The exploration work included geochemical rock and soil sampling, The purpose of the program was to evaluate the extent of mineralization on the Property and confirm historical analytical results.
Results from the 2021 exploration program confirm the occurrence of significant Cu-Ag+/-Au mineralization along a northwest-southeast trend on the Property. Mineralization occurs along a shear zone paralleling the quartzite contact and in fissure veins parallel and perpendicular to bedding.
Analytical results from these samples confirm significant Cu-Ag+/-Au mineralization along trend and are summarized 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, 17.60 g/t Au and 87.8 g/t Ag. For additional details please refer to news releases dated March 23, 2022 and September 9, 2021.
Table 1. Summary of 2021 Rock Sample Results
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Technical Report Recommendations
A two-phase exploration strategy has been recommended.
Phase 1 consists of:
• completion of an airborne high resolution magnetic survey and LiDAR survey over the entire Property.
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detailed geologic mapping, infill geochemical soil sampling and geochemical rock sampling of anomalies identified from the airborne survey.
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permitting for a diamond drill program and securing vehicle access to the Property through patented lands.
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cost of Phase 1 estimated to be USD $193,760.
Phase 2 consists of:
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diamond drill program to test targets identified to further delineate and better understand the geology, structure, mineralization, and geochemical characteristics on the Property at depth.
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cost of Phase 2 estimated to be USD $642,500.
The Technical Report is available for download under the Company's profile on SEDAR (www.sedar.com). A copy of the Technical Report is also located on the Company's website.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.
Global Energy Metals recognizes that the proliferation and growth of the electrified economy in the coming decades is underpinned by the availability of battery metals, including cobalt, nickel, copper, lithium and other raw materials. To be part of the solution and respond to this electrification movement, Global Energy Metals has taken a 'consolidate, partner and invest' approach and in doing so have assembled and are advancing a portfolio of strategically significant investments in battery metal resources.
As demonstrated with the 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 established mining and processing jurisdictions in close proximity to end-use markets. Global Energy Metals is targeting projects with low logistics and processing risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also collaborating with industry peers to strengthen its exposure to these critical commodities and the associated technologies required for a cleaner future.
Securing exposure to these critical minerals powering the eMobility revolution is a generational investment opportunity. Global Energy Metals believes Now is the Time to be part of this electrification movement.
For Further Information:
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Email: info@globalenergymetals.com
t. + 1 (604) 688-4219
www.globalenergymetals.com
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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.
GEMC's operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.
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.
