VANCOUVER, British Columbia – TheNewswire – June 1, 2023 – Global Energy Metals Co., Ltd. (TSXV:GEMC) | (OTC:GBLEF) | (FSE:5GE1) (“Global Energy Metals”, “we” and/or “GEMC”) is committed to a growth-oriented battery metals project supporting the global transition. A focused, multi-jurisdiction, multi-commodity critical minerals exploration and development company. We are pleased to announce that we are a strategic partner for clean energy. King’s Rose Mining Limited (“King’s Rose”), provided an update on exploration activity in the brownfields. Råna Nickel-Copper-Cobalt (Ni-Cu-Co) Sulfide Project (“Project”) Nordland, Norway. Drilling is expected to begin in early July 2023 and will target a potential large scale sulfide nickel-copper-cobalt mineralization that is being generated from ongoing mapping and geophysical surveys. (Figure 1).
Figure 1: Råna geological, prospective and geophysical survey area
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All necessary notices have been submitted, meaning drilling can begin at Råna.
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Rig mobilization is planned for the final week of June 2023, when a 5,000-meter drilling program will begin testing targets generated from ongoing cartographic and geophysical surveys.
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The previously published terrestrial fixed-loop electromagnetic (FLEM) investigation has been completed. Data processing and interpretation is in progress (” News release dated April 20, 2023).
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A magneto-geothermal (MT) geophysics program is currently underway and includes:
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A detailed surface MT survey covering the prospective areas of Bourvain and Lambogen using a nominal 200 meter station spacing. The final 3D inversion delivery is scheduled for August 2023.
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A total of 815 line-kilometer penetration-scale heliborne MT surveys (mobile MT) using 200-meter line spacing have been initiated and will take approximately two weeks to complete, with final data delivery expected by the end of June 2023. I’m here.
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Three additional exploration rights totaling 30 square kilometers have been acquired at the Solfjorden project, located 30 kilometers south of Rana. This project covers an unexplored mafic-ultramafic intrusion with geological features similar to Rana. Mobile MT surveys are flown to help model intrusions and search for conductive celestial bodies that may represent large sulfide exploration targets.
President and CEO Mitchell Smith commented:
“We are delighted that our partner Kingsrose Mining can begin the drilling phase of exploration at the Råna project. With multiple active exploration programs underway and/or planned, Global Energy’s power generation business It continues to evolve by leveraging properties that have attracted significant exploration and royalty generation funding from Global Energy, while establishing long-term value for Global Energy’s shareholders. Our diversified nature and partner-based, non-dilutive approach provide our shareholders with multiple opportunities for discovery in proven top-tier mining jurisdictions, with multiple catalysts and milestones coming at the same time. significant progress on all fronts, particularly with the recent 100% integration of the Nevada-based Lovelock Mine and Treasure Box projects, resulting in two highly promising nickel, copper and cobalt assets. is in the United States. America.”
Kingsrose Managing Director Fabian Baker commented:
“Since acquiring an interest in the Råna project in January 2023, our team has been committed to accelerating the drilling readiness of the project, including permits, stakeholder engagement, geophysical surveys, geological mapping and interpretation. We have identified a number of areas of mineralization that we believe are under exploitation in the early stages of drilling target refinement through our ongoing geophysical program. The culmination of this work will be the project’s drilling commencement in July 2023. The Company will develop large-scale nickel sulphide and We are exploring the potential of copper and cobalt mineralization and look forward to keeping our shareholders up to date with our deep sea port within Europe.”
King’s Rose Mining Limited
Kingsrose is a sustainability-conscious, technologically advanced mineral exploration company listed on the ASX. The Company has a discovery-focused strategy targeting the acquisition and exploration of important mineral deposits with Tier-1 potential, resulting in Råna Nickel-Copper-Cobalt, Pennicat PGE and Polzanger culminated in a PGE acquisition or joint venture. – Nickel-copper projects in Finland and Norway. In addition, Kingsrose has been selected as the first cohort of the BHP Xplor Exploration Accelerator Program to launch in January 2023.
qualified person
Director and shareholder Paul Sarjeant (P. Geo.) is a qualified person for this release as defined by National Instrument 43-101 – Disclosure Standards for Mineral Projects.
For more information:
Global Energy Metals Co., Ltd.
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Global Energy Metals Co., Ltd. (TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. provides investment exposure to the growing rechargeable battery and electric vehicle markets by building a diversified global portfolio of exploration and growth stage battery mineral assets.
Global Energy Metals recognizes that the penetration and growth of the electrified economy in the coming decades will be 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 adopted an ‘integrate, partner and invest’ approach, thereby creating a portfolio of strategically important investments in battery metal resources. building and promoting
As demonstrated by our current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, GEMC has potential for expansion in established mining and processing jurisdictions close to end-use markets. We invest, explore and develop potential assets. . Global Energy Metals targets projects with low logistics and processing risks to ensure rapid entry into the supply chain in this cycle. We are also working with our industry peers to enhance our exposure to these critical commodities and related technologies needed for a cleaner future.
Securing exposure to these critical minerals driving the e-mobility revolution is a generational investment opportunity. Global Energy Metals believes now is the time to join the electrification movement.
Cautionary note regarding forward-looking information:
Certain information in this release may constitute forward-looking statements under applicable securities laws and is necessarily subject to risks associated with regulatory approvals and timelines. Although Global Energy Metals believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and cannot be Results and developments may differ materially from those in the forward-looking statements. Except as required by law, we undertake no obligation to update these forward-looking statements if management’s beliefs, estimates, opinions or other factors change.
GEMC’s business could be materially and adversely affected by the impact of the worldwide epidemic, including the recent outbreak of disease caused by the novel coronavirus disease (COVID-19). We cannot accurately predict the impact of COVID-19 on our work and our ability to meet the obligations of others. This includes uncertainties regarding the ultimate geographic spread of the virus, the severity of the disease, and the duration of the epidemic. travel periods and quarantine restrictions imposed by governments of affected countries; Moreover, a serious outbreak of an epidemic in humans could lead to a widespread health crisis, adversely affect the economies and financial markets of many countries, resulting in an economic downturn that further impacts business and operations. I have. .
For more information on Global Energy and its business risks and challenges, investors should review the filings available at www.sedar.com.
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