Global Energy Metals Announces Investee Company High-Tech Metals Acquires Historical Nickel Sulphide Project Following Recently Discovered Nickel Potential at Werner Lake

About this update from Global Energy Metals Corp

[{"type":"text","content":"Global Energy Metals Announces Investee Company High-Tech Metals Acquires Historical Nickel Sulphide Project Following Recently Discovered Nickel Potential at Werner Lake\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire -\nSeptember 6, 2023 - Global Energy Metals Corporation\n \n \n (\n \n \n TSXV:GEMC\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 FSE:5GE1\n \n \n )\n \n \n (“Global Energy Metals”, the “Company” and/or\n“GEMC”)\n \n \n , a multi-jurisdictional,\nmulti-commodity critical mineral exploration and development company\nfocused on growth-oriented battery metal projects supporting the\nglobal transition to clean energy, is pleased to report that High-Tech\nMetals Limited (“High-Tech” and/or “HTM”), an equity investee\nof GEMC, has significantly increased its exposure to nickel sulphides\nand copper through the acquisition of the Norpax Nickel Sulphide\nDeposit and the Reynar Lake Ni-Cu-Co Project (the Projects”).\n \n \n \n \n Norpax Nickel Sulphide\nDeposit:\n \n \n \n \n \n \n A historical non-NI 43-101 compliant resource of\n1,010,000 tonnes 1.2% Ni and 0.5% Cu (refer to Canadian Mines Handbook\n1963, pg 215).\n \n \n \n \n \n \n The deposit lies ~1 km west of HTM’s existing\nproject, Werner Lake, and along the Werner Lake Belt.\n \n \n \n \n \n \n The Norpax nickel mineralisation sits on a known\nmineralised fault zone, the regional scale Werner-Gordon-Rex lake\nfault which extends from Rayner Lake in the west, passing under Almo\nLake, east through the Werner Lake Co and Gordon Lake Cu-Ni deposits\nto Rex Lake.\n \n \n \n \n \n \n Mineralised peridotite is known to host many\nsignificant nickel deposits such as companies Mincor Resources Ltd in\nKambalda and also Azure Minerals Ltd (ASX:AZS) Andover project’s\nultramafic zone, which is in part peridotite.\n \n \n \n \n \n \n The area has a rich history in nickel sulphide mines\nwith the old Gordon Lake Mine located 3.5 km to the East of Werner\nLake, which produced 1,370,285 tons averaging 0.92% Ni and 0.47% Cu\nand has existing reserves of 170,420 tonnes averaging 0.85% Ni and\n0.35% Cu2.\n \n \n \n \n \n \n Reynar Lake Ni-Cu-Co Project:\n \n \n \n \n \n ...

More updates from Global Energy Metals Corp