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Global Battery Metals Receives Drill Permits for Lithium King Property
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2022) - Global Battery Metals Ltd. (TS...
About this update from Global Battery Metals Ltd.
[{"type":"text","content":"Global Battery Metals Receives Drill Permits for Lithium King PropertyVancouver, British Columbia--(Newsfile Corp. - June 22, 2022) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the \"Company\" or \"GBML\") is pleased to announce that it has received all required permits to drill on its 100% owned Lithium King property (\"Lithium King Property\" or the \"Property\") in Utah. The objective of drilling is to confirm the potential at depth of lithium bearing brines in the Salduro Salt flat basin. The Company is in the process of selecting a drilling contractor.Lithium King Property DescriptionThe Lithium King Property is located on the west side of the Great Salt Lake Basin in western Utah, adjacent to the community of Wendover, Utah. The land position consists of approximately 1,760 acres of placer claims. The Property has the potential to host a lithium and magnesium brine deposit in an existing mineral producing location in a mining-friendly state.Please see the Company's news release dated March 4, 2021, for a detailed project review. About Global Battery Metals Ltd.GBML is a mineral exploration company with a focus on metals that make up and support the rapid evolution to battery power. GBML's common shares are listed on the TSX Venture Exchange and Frankfurt Stock Exchange and quoted on the OTCQB. GBML currently has five projects: (1) an option to acquire up to a 90% in the North-West Leinster lithium property in Ireland; (2) a 100% interest in the Lithium King Property in Utah; (3) an option to acquire up to a 100% interest in the Lapoile lithium project in Newfoundland; (4) an option to lease the Sawyer Camp prospective nickel-copper project in Michigan; and (5) a 55% stake in Peru-based Lara copper property, which has over 10,000 metres of drilling. As previously disclosed, Minsur S.A., a Peruvian mining company, entered into an option agreement (the \"Lara Property Option Agreement\") with GBML and Lara Exploration Ltd. to acquire the Lara copper property for staged payments of USD$5.75 million. The Lara Property Option Agreement also provides for a 0.75% net smelter royalty in favour of GBML.Global Battery Metals Ltd.Michael Murphy BA, MBA, MSc., ICDPresident & CEOT: 604-649-2350E: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the p...