Global Energy Metals Announces Partner Funded Drilling Commences at the Millennium Cobalt, Copper and Gold Project in Queensland, Australia

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[{"type":"text","content":"Global Energy Metals Announces Partner Funded Drilling Commences at the Millennium Cobalt, Copper and Gold Project in Queensland, Australia\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire\n \n \n -\n \n \n May 18, 2022 -\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 \n \n \n \n \n OTC:GBLEF\n \n \n \n \n \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 announce that a partner funded\ndrilling campaign is well underway at the\n \n \n \n \n \n Millennium cobalt,\ncopper, and gold project in Queensland,\nAustralia\n \n \n \n \n \n by joint\nventure partner Metal Bank Limited (“Metal Bank and/or MBK”).\n Initial observations from Millennium are encouraging with visible\nsulphides, including chalcopyrite and cobaltite, and broad alteration\nhalos not currently within the resource envelope.\n \n \n \n \n \n \n \n Global Energy currently holds 100% of\nthe Millennium project and have entered into a joint venture with\nMetal Bank, where Metal Bank can earn up to 80% through significant\nstaged exploration spend and share equity payments.  For more\ninformation please refer to the linked\n \n \n \n \n \n \n news release dated\nDecember 13, 2021\n \n \n \n \n \n \n .\n \n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure 1. Drilling underway at\nMillennium\n \n \n \n \n Commenting on MBK’s exploration\nprogram for Millennium, Metal Bank’s Chair, Inés Scotland\nsaid:\n \n \n \n \n “\n \n \n \n At Millennium we are aiming to almost\ndouble the existing Millennium Resource of 5.9Mt @ 1.08% CuEq as well\nas test adjacent and peripheral targets. As Australia looks to\nestablish itself as a global critical minerals supplier, at a time of\nsupply constraint and unprecedented copper and cobalt prices, the\nMillennium project’s current Resource already provides significant\nvalue not yet factored into the current valuation. With a combination\nof resource growth and the...

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