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Global Battery Metals Granted Four New Mineral Leases to Expand its Michigan Nickel-Copper Project
Plans Underway for Electromagnetic Surveying Vancouver, British Columbia--(Newsfile Corp. - M...
About this update from Global Battery Metals Ltd.
[{"type":"text","content":"Global Battery Metals Granted Four New Mineral Leases to Expand its Michigan Nickel-Copper ProjectPlans Underway for Electromagnetic SurveyingVancouver, British Columbia--(Newsfile Corp. - May 24, 2022) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the \"Company\" or \"GBML\"), is pleased to announce it has been granted four Surface and Mineral leases, covering 1,609 acres (6.5 square km) in the State of Michigan. The area covered by these state leases is in addition to the Company's land package associated with the Sawyer Camp (which is a combination of state and private leases). GBML's total property interest in Michigan is now approximately 3,800 acres (15.4 square km).The state leases applied for in October of 2021 (see the Company's news release dated October 8, 2021) cover two primary airborne magnetic targets (one normally polarized and one reversely polarized), as identified from a 2021 United States Geological Survey over parts of the Upper Peninsula of Michigan. The magnetic features may be related to mafic and ultramafic intrusions associated with the Mid-Continent Rifting (MCR) event, similar to the characteristics associated with GBML's Sawyer Camp Nickel-Copper Project and the Eagle Mine Nickel-Copper-PGE mine operated by Lundin Mining.\"Our research of the opportunities in the area has resulted in some promising targets and the granting of the four state leases to GBML is consistent with our plans for further exploration work at Sawyer Camp,\" stated Michael Murphy, President and CEO of GBML. \"Theses leases have discovery potential for nickel, copper and platinum group mineralization and, while the geology is obscured by glacial till and Paleozoic cover rocks, historic drilling has encountered mafic-ultramafic rocks sequences similar to those hosting the Eagle Mine.\"The Company is currently developing plans to engage a geophysical contractor to conduct an electromagnetic survey over these new targets that will be utilized to guide initial drill targeting. The contractor has already been engaged to conduct similar work on the Sawyer Camp.An updated version of the Company's Investor Presentation is now available for download from GBML's website. Scientific and Technical InformationThe scientific and technical information disclosed in this news release was reviewed and app...