Announcement Date: 2022-10-31
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Global Energy Metals Corp.
Project name: Millennium
Location: Australia
Commodities: Gold,Copper,Cobalt
Highlight: Drilling results incl. 17m at 0.43% Cu, 0.11% Co, 0.08g/t Au from 234m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC / TheNewswire / October 31, 2022 / Global Energy Metals Corporation TSXV:GEMC | OTCQB: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 provide an exploration update from its Millennium copper-cobalt-gold (Cu-Co-Au) project (“Millennium” and/or the “Project”) located in Queensland, Australia. The exploration program is being fully funded by Metal Bank Ltd. (“MBK”) as it earns up to an 80% interest in the project through staged exploration and milestone share equity payments. Global Energy Metals currently holds 100% of the Project through its wholly-owned subsidiary Element Minerals Australia Pty Ltd and currently has a 31,250,000 share equity position in MBK. All assay results have now been received for MBK’s diamond drill (DD) hole depth extensions in the Southern and Central Resource areas, along with results for reverse circulation (RC) exploration drilling in the Northern Area, as part of the resource infill and extension drilling completed in September.
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