viewGlobal Energy Metals Corp

Global Energy Metals excited as partner kicks off drilling at key Werner Lake cobalt project

Phase 1 of the program will consist of around 2,000m of diamond drilling..

Cobalt is a vital component in the batteries of electric cars

Global Energy Metals Corp (CVE:GEMC) said diamond drilling kicked off at its Werner Lake Cobalt project in Ontario.

Phase 1 of the programme will consist of around 2,000m of diamond drilling, and subject to positive findings, partner Marquee will immediately move to Phase 2, which will encompass 3,500m of  drilling.

READ: Global Energy Metals sees need for diversified supply of cobalt; acquires 100% of Millennium project

"We are thrilled to have drills turning again at the past producing Werner Lake Cobalt project and look forward to a successful work campaign by our partner Marquee Resources," said GEMC president and chief executive Mitchell Smith said.

The Werner campaign has been designed to increase the existing indicated resource of 79,400 tonnes at 0.43% cobalt,  which remains open in all directions.

Initially, drilling will focus on the Werner Lake West area where the bulk of the NI 43-101 resource estimate was delineated.

Planned holes will test depth extension of the mineralised zone(s), confirm historic drill intercepts and will attempt to convert areas of inferred mineralisation to the indicated category.

Phase 2 drilling would continue to test the down dip/down plunge potential of the mineralised zone at both the Werner Lake West and the Old Mine Site areas.

The property is one of the key cobalt resources in Canada and it has seen some history.

Canmine Resources completed several preliminary feasibility studies and economic modelling and was in the process of completing a definitive feasibility study when they filed for bankruptcy.

Additional work was completed in 2009-2010 by Puget Ventures and all this work formed the basis for the NI 43-101 resource report from Global Energy in September last year

That resource relates to the historic underground workings at the old mine site, now referred to as the mine site deposit and the west cobalt deposit.

Highlights included a higher confidence indicated resource of 57,900 tonnes at 0.51% cobalt and an inferred resource of 6,300 tonnes at  0.48% cobalt  at a 0.25% cut-off grade.

The mineralised zones remain open in all directions.

Quick facts: Global Energy Metals Corp

Price: 0.16 CAD

Market: TSX-V
Market Cap: $2.2 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Global Energy Metals Corp named herein, including the promotion by the Company of Global Energy Metals Corp in any Content on the Site, the...


Global Energy Metals enter purchase agreement to sell royalties portfolio to...

Global Energy Metals (CVE: GEMC- OTCQB: GBLEF) President and CEO Mitchell Smith joined Steve Darling from Proactive Vancouver with news Global Energy Metals has sold their portfolio of royalty interest to electric Royalties. Smith talks about why the move and also that Electric Royalties has...

on 07/28/2020

2 min read