viewGlobal Energy Metals Corp

Global Energy Metals eyeing first drilling at Werner Lake in May; Mink Creek Drilling hired

Partner Marquee Resources has struck a deal with Manitoba-based contractor Mink Creek Drilling

Electric car charge point
Cobalt is used in electric car batteries

Drilling at Global Energy Metals Corp's (CVE:GEMC) Werner Lake cobalt project in Ontario will kick off in late May or early June subject to weather.

Partner Marquee Resources has struck a deal with Manitoba-based contractor Mink Creek Drilling as part of its (Marquee's) C$2.5mln obligation to earn a 70% interest in the project.

This is the last major agreement required before Marquee embarks on its maiden exploration.

The first phase of drilling will be a 3,500-meter (m) drilling program.

The priority is to identify and delineate additional high-grade cobalt mineralization.

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: 0.02 CAD

Market: TSX-V
Market Cap: $1.95 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...



Full interview: Global Energy Metals accelerates timeline for acquisition of...

Global Energy Metals (CVE: GEMC- OTCQB: GBLEF) President and CEO Mitchell Smith joined Steve Darling from Proactive Vancouver to discuss the company deciding to accelerate their timeline in acquiring the projects Lovelock and Treasure Box. Smith explains why they did that and also give...

on 7/4/20

2 min read