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Global Energy Metals Announces Partner Funded Drilling Campaign to Commence at the Millennium Cobalt-Copper-Gold Project
(TheNewswire) Vancouver, BC - TheNewswire - March 16, 2022 - Global...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Partner Funded Drilling Campaign to Commence at the Millennium Cobalt-Copper-Gold Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - March 16, 2022 -\n \n \n \n Global Energy Metals Corporation\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 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 (\n \n \n \n \n “Global Energy Metals”, the “Company” and/or\n“GEMC\n \n \n \n \n ”),\n \n \n \n \n a company involved\nin investment exposure to the battery metals supply chain, is pleased\nto report a drilling contract has been executed with Schonknecht\nDrilling Pty Ltd. for 2022 work at the\n \n \n \n \n \n Millennium Project in NW\nQueensland\n \n \n \n \n \n . Drilling\nis currently scheduled to commence in April.\n \n \n \n \n \n \n With over $10 million raised at the end\nof last year, Global Energy Metals’ joint venture partner, ASX\nlisted\n \n \n \n \n \n Metal Bank Limited\n(“MBK”)\n \n \n \n \n \n , is fully\ncapitalized to pursue and sole fund this work program as part of\nMBK’s right to earn up to 80% of the Millennium Copper, Cobalt and\nGold project which holds a JORC 2012-compliant Inferred Resource of\n5.9Mt @ 1.08% CuEq\n \n \n \n \n 1\n \n \n \n \n across 5 granted Mining Leases.\n \n \n \n \n \n In 2021, MBK established an Exploration Target of\n8–10Mt @ 1.0-1.1% CuEq\n \n \n \n 2\n \n \n \n , with\nthe first drill program intercepting 5m @ 2.92% Cu, 0.50% Co and\n1.19g/t Au (within 22m @ 2.22%)\n \n \n \n 3\n \n \n \n and\nconfirming northern extensions to the mineralisation system.\n \n \n \n \n The 2022 drilling program is aimed at expanding\nexisting resources at the Central and Southern Areas and defining new\nresources in the Northern Area with the overall goal of converting the\nExploration Target into resources.\n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure 1: MI21RC07 drill setup\nnearing completion of 2021 drill program\n \n \n \n \n Highlights\n \n \n \n \n \n \n GEMC’s JV partner funded 2022 exploration program at\nthe Millennium Cu-Co-Au Project, NW Queensland is underway with\ndrilling to commence in April;\n \n \n \n \n \n \n The Project hold...