Business
Global Energy Metals Announces Drilling Underway at the Millennium Cobalt-Copper-Gold Project in Queensland, Australia
(TheNewswire) Vancouver, BC - TheNewswire - August 16, 2021 - Glo...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Drilling Underway at the Millennium Cobalt-Copper-Gold Project in Queensland, Australia\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - August 16, 2021 -\n \n \n \n \n Global Energy Metals\nCorporation\n \n \n \n \n \n (\n \n \n \n \n \n TSXV:GEMC\n \n \n \n \n \n )\n \n \n \n \n (\n \n \n \n \n \n OTC:GBLEF\n \n \n \n \n \n )\n \n \n \n \n (\n \n \n \n \n \n FSE:5GE1\n \n \n \n \n \n )\n \n \n \n \n (“Global Energy Metals”, the\n“Company” and/or “GEMC\n \n \n \n \n ”),\n \n \n \n \n a company involved in investment exposure to the battery\nmetals supply chain, is pleased to advise that its partner, Metal Bank\nLimited (“MBK”) has commenced drilling activities as part of a\n \n \n \n \n \n six month exclusive\noption\n \n \n \n \n \n (‘Option’)\nfor MBK to earn-in and joint venture the Millennium Copper, Cobalt and\nGold Project in Mt Isa, Queensland (‘Millennium\nProject’).\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n Figure 1: MI21RC01\ndrill pad setup, Millennium Project\n \n \n \n \n \n Highlights\n \n \n \n \n \n \n - MBK’s drilling program at the Millennium Project in\nnorthwest QLD has commenced as part of its exclusive 6-month option to\nearn in up to an 80% interest.\n \n \n \n \n - 2 RC drill holes for 195m completed in the southern\nproject area for resource validation and extension:\n \n \n \n \n \n \n - MI21RC01 intersected visible Cu-Co mineralisation\nfrom 46m to 73m and 82m to 96m.\n \n \n \n \n - MI21RC02 intersected visible Cu-Co from 62 to\n87m.\n \n \n \n \n \n \n - These holes provide confidence in growth upside for\nthe existing Inferred Resource of 5.9Mt @ 1.08% CuEq\n \n \n \n 1\n \n \n \n .\n \n \n \n \n - Up to 600m RC drilling in the Northern Extension Area\nhas now commenced\n \n \n \n \n \n \n Drilling is predominantly focussed on confirming the\nmineralised system continues to the north, with some resource\nvalidation work in the south. Drilling is expected to be completed by\nmid to late August.\n \n \n \n \n The first two drill holes in the south have been\ncompleted. Initial observations supported by pXRF analysis are very\nencouraging, with MI21RC01 intersecting several broad zones of Cu-Co\nmineralisation. This sup...