New Age Metals

Global Energy Metals Receives Results from Idaho-Based Monument Peak Project Confirming Presence of Significant Copper, Silver and Gold Mineralization

Vancouver, BC - TheNewswire - April 27, 2021 - Global Energy Metals Corporation (TSXV:GEMC) | (OTC:GBLEF) | (FSE:5GE1) (“Global Energy Metals”, the “Company” and/or “GEMC”), a company involved in the investment exposure to the battery metals supply chain, is pleased to announce results of the 2020 surface sampling program at the Monument Peak copper-silver-gold Project (“Monument Peak”), located in Lemhi County, Idaho, United States.

The Monument Peak Project consists of 69 claims covering approximately 1,380 acres (approximately 558.5 hectares). It is an exploration-stage, high-grade, copper-silver-gold project, which covers two past-producing copper mines: Jackson and Hungry Hill.  Past work on the project from the early 1900s through the 1980s identified significant copper, silver mineralization along a 3,200 m trend that is generally from 3 to 6 m thick, but locally reported to be as much as 53 m across.  

The fall 2020 program, undertaken by DG Resource Management Ltd., included the collection of 56 rock samples to confirm historic results.  The field work confirmed both the presence of significant Cu, Ag mineralization, but also the presence of gold mineralization.  

Highlights are as follows:

  • A total of 56 rock samples from three main areas over 3,200 m strike and from the separate Hungry Hill Mine, and
  • Arithmetic average of all grab samples 2.34% Cu, 57.6 g/t Ag, 0.68 g/t Au.

Field crews visited four known mineral occurrences (Jackson/Baker, Hungry Hill Mine, Anderson and North Showing) and confirmed the high-grade Cu-Ag (+/- Au) mineralization at all locations.  Outcrop is sparse throughout the property and commonly only exposed by historic workings. Observed mineralization style and grade is similar across all showings, with notably higher copper grades (up to 20.9% Cu) at Hungry Hill, while the North Showing had the highest gold values (up to 11.4 g/t Au).  High grades of silver (greater than 80 g/t Ag) were associated with all mineral occurrences.

Sample results are summarized in Table 1 and highlighted below:

  • North Showing: caved adit with abundant copper oxide staining around adit portal;

  • Baker/Jackson: several large trenches (to 50 m length); open adit of unknown length within folded schists and quartzites, abundant copper oxide staining, hematite and quartz veins;

  • Anderson Showing: numerous trenches and pits; and

  • Hungry Hill Mine: Two adits with road to base, historical mine cart system. Abundant bornite/quartz veins occur within sheared chloritic schists at adit portal.

Mineralization is primarily hosted by quartzites, phyllites and schists of the Precambrian Belt Series and is associated with copper oxide stain, hematite and quartz veins.  

Junior Mining Network

Table 1 – Notable Results for the 2020 Rock Samples

ID

Easting

Northing

Zone

Cu (%)

Ag (ppm)

Au (ppm)

Sample Source

Sample Type

Showing

147851

285820

5012013

12

1.81

20.1

2.300

Boulder

Grab

North

147853

285901

5011969

12

0.41

3.8

0.206

Outcrop

Grab

North

147855

285911

5011983

12

0.43

9.0

0.460

Boulder

Grab

North

147856

285908

5011986

12

1.19

79.5

11.40

Boulder

Grab

North

147857

286217

5010754

12

3.80

27.5

0.388

Boulder

Grab

Baker/Jackson

147858

286206

5010753

12

7.09

84.8

0.330

Boulder

Grab

Baker/Jackson

147859

286206

5010755

12

2.36

3.8

0.144

Boulder

Grab

Baker/Jackson

147860

286260

5010719

12

0.45

11.1

0.043

Boulder

Grab

Baker/Jackson

147861

286260

5010720

12

6.92

106.0

0.599

Boulder

Grab

Baker/Jackson

147862

286259

5010719

12

7.19

108.0

0.452

Boulder

Chip

Baker/Jackson

147863

286211

5010655

12

3.86

23.6

0.137

Boulder

Grab

Baker/Jackson

147864

286201

5010579

12

2.43

19.7

0.220

Outcrop

Grab

Baker/Jackson

147865

286205

5010572

12

10.80

163.0

1.510

Boulder

Grab

Baker/Jackson

147866

286204

5010575

12

1.26

18.0

0.059

Boulder

Grab

Baker/Jackson

147867

286149

5010597

12

0.70

324.0

0.920

Boulder

Grab

Baker/Jackson

147868

286150

5010598

12

2.98

4.7

1.650

Boulder

Grab

Baker/Jackson

147871

289399

5008544

12

0.28

17.7

0.130

Boulder

Grab

Hungry Hill

147879

285912

5011927

12

0.58

12.1

0.258

Boulder

Grab

North

147882

285908

5011987

12

1.10

16.7

1.460

Outcrop

Grab

North

147884

286208

5010745

12

7.24

71.1

2.190

Boulder

Grab

Baker/Jackson

147885

286206

5010745

12

0.51

3.4

0.025

Boulder

Grab

Baker/Jackson

147886

286253

5010710

12

5.94

187.0

2.020

Boulder

Grab

Baker/Jackson

147887

286253

5010710

12

0.70

9.7

0.050

Outcrop

Grab

Baker/Jackson

147889

286210

5010578

12

0.46

7.1

0.039

Outcrop

Grab

Baker/Jackson

147890

286210

5010577

12

1.10

28.0

0.921

Outcrop

Grab

Baker/Jackson

147891

286211

5010582

12

0.49

2.5

0.023

Boulder

Grab

Baker/Jackson

147892

286146

5010592

12

6.16

133.0

0.487

Boulder

Grab

Baker/Jackson

147893

286229

5010480

12

1.17

883.0

2.280

Boulder

Composite

Baker/Jackson

147894

289753

5009086

12

0.59

2.7

0.093

Outcrop

Grab

Hungry Hill

147895

289751

5009248

12

1.80

36.0

0.260

Boulder

Grab

Hungry Hill

147896

289750

5009247

12

2.37

2.9

0.011

Boulder

Grab

Hungry Hill

147897

289767

5009247

12

20.90

305.0

0.873

Outcrop

Grab

Hungry Hill

147898

289768

5009246

12

3.23

90.0

0.266

Outcrop

Grab

Hungry Hill

147899

289768

5009250

12

16.50

307.0

0.006

Outcrop

Grab

Hungry Hill

147903

286887

5009235

12

2.96

18.5

1.900

Boulder

Grab

Anderson

147904

286882

5009236

12

2.51

131.0

2.600

Boulder

Grab

Anderson

147905

287075

5009156

12

1.84

46.4

2.100

Outcrop

Grab

Anderson

147906

287082

5009145

12

1.61

1.7

0.171

Boulder

Grab

Anderson

Mitchell Smith, President & CEO, comments:

"The ongoing consolidation of strategically located battery metals projects has allowed Global Energy Metals to establish itself as a dominant holder of highly prospective critical metals projects with strong exploration and development upside.

Early exploration of Monument Peak has shown not only exceptionally high grades of copper, which will be needed for the US’s domestic supply to continue the electrification of their transportation system, but also significant concentrations of gold and silver."

The company is currently planning for additional spring/summer reconnaissance exploration at Monument Peak, which will include the completion of a NI 43-101 compliant technical report, and which is intended to provide recommendations for an aggressive summer/fall drill program.

Quality assurance/quality control

All rock samples collected (grab) as well as quartz blanks and certified reference materials were shipped by ground to Activation Laboratories Ltd. in Kamloops, B.C., for multi-element analysis (including silver) by aqua regia digestion with ICP-OES finish (code 1E3) and gold analysis by fire assay with AA finish (package 1A2B-50). Over-limit results for gold, silver, copper, lead and zinc were determined by the relevant analytical package.

Management cautions that prospecting surface rock sample assays, as presented herein, are selective by nature and represent a point location and therefore may not necessarily be fully representative of the mineralized horizon sampled.

Junior Mining NetworkFigure 3 Baker Zone - 0.70% Cu, 324 g/t Ag, 0.92 g/t Au

Junior Mining Network

Junior Mining NetworkFigure 5 Hungry Hill - 20.90% Cu, 305 g/t Ag, 0.87 g/t Au

Junior Mining Network

Qualified Persons

Jody Dahrouge, BSc, P. Geo., President of DG Resource Management and a qualified person as defined by NI 43-101, supervised the preparation of the technical information in this news release.

Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Global Energy Metals Corporation

(TSXV:GEMC | OTC:GBLEF | FSE:5GE1)

Global Energy Metals Corp. offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.

Global Energy Metals recognizes that the proliferation and growth of the electrified economy in the coming decades is underpinned by the availability of battery metals, including cobalt, nickel, copper, lithium and other raw materials. To be part of the solution and respond to this electrification movement, Global Energy has taken a ‘consolidate, partner and invest’ approach and in doing so have assembled and are advancing a portfolio of strategically significant investments in battery metal resources.

As demonstrated with our current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, we’re investing-in, exploring and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets. We’re targeting projects with low logistics and processing risks, so that they can be fast tracked to enter the supply chain in this cycle.   We’re also collaborating with industry peers to strengthen our exposure to these critical commodities and the associated technologies required for a cleaner future.

Securing exposure to these critical minerals powering the eMobility revolution is a generational investment opportunity. We believe the the time to be part of this electrification movement.

For Further Information:

Global Energy Metals Corporation

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

t. + 1 (604) 688-4219

www.globalenergymetals.com 

Twitter: | |

Cautionary Statement on Forward-Looking Information:  

Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.  

GEMC’s operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

For more information on Global Energy and the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

We seek safe harbour.

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Global Energy Metals

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