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Global Energy Metals says Hammer Metals poised to start drilling at Millennium project

As reported last week, the lead on the project will be Mark Whittle, exploration manager at Hammer Metal

Drilling is about to start in Australia, GEMC said

Global Energy Metals Corp (CVE:GEMC) says its Australian partner Hammer Metals is poised to start work at the Millennium cobalt project in Queensland.

Crews have been moibilised and drill pads cleared for drilling, which is planned to begin following the mobilization of a drill rig to site.

"We believe a successful drill campaign on the Millennium Cobalt project will confirm that the Mt. Isa area has the potential to evolve into a new cobalt camp, and build significant shareholder value for GEMC as one of the only groups focused on the region," said Paul Sarjeant, Global Energy's vice-president of projects.

"We look forward to the results of this drilling with great anticipation."

As reported last week, the lead on the project will be Mark Whittle, exploration manager at Hammer Metals, and a geologist with more than 30 years' experience.

Global expects to complete a series of holes to complement a larger program aimed at increasing tonnage and confidence in resource categories as well as updating the current JORC estimate.

At the completion of this initial program, with a required $500,000 spend, GEMC will earn a 25% interest in the Millennium project.

It has the right to earn up to 75% in the project with a total $2.5mln spend.

GEMC shares eased 4.17% to C$0.12.

Quick facts: Global Energy Metals Corp

Price: 0.205 CAD

Market: TSX-V
Market Cap: $3.76 m

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