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Global Energy Metals Corp.
Summary
| Project: | Millennium | |
|---|---|---|
| Deposit: | Millennium | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 6/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-6-2019: Global Energy Metals Corp. announces a Supporting Acquisition report for its Millennium deposit at the Millennium project. Summary of property in support of acquisition. This report was prepared as a Canadian National Instrument 43-101 (NI 43- | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Christopher Picken, Timothy Strong (Kangari Consulting Ltd.) | |
| ABSTRACT: | This report was prepared as a Canadian National Instrument 43-101 (NI 43- 101) Technical Report (Technical Report) for Global Energy Metals Corporation (GEMC or Company) by Kangari Consulting Limited (KCL) on the Millennium Co-Cu-Au Project in Queensland, Australia. GEMC is a Canadian registered and domiciled cobalt mining and development company based in Vancouver, Canada. The Company’s principal assets are its cobalt, copper, gold exploration project in Queensland, Australia and the companies Werner Lake cobalt exploration project in Ontario, Canada. The Millennium Project is situated 75 km east-north-east of Mt. Isa and 33 Km north-west of Cloncurry in Queensland State, Australia. The project is at approximately latitude 20o 35’ south, longitude 140o 11’ east. Mt. Isa is a major mining city with a population of over 20,000 and is accessed by daily flights from Brisbane, Darwin and Townsville. There is a railway connecting Mt. Isa to Townsville and the sealed Barkly and Flinders Highway runs between Mt. Isa and Townsville. The Millennium Project is located in the Mt. Isa Mineral Province, a region recognized as a world-class mining region, with more than a quarter of the world’s lead and zinc reserves, 5% of the worlds silver resources and 1.5% of the worlds copper resources. The Millennium Project is located less than 20km from CuDeco’s Rocklands Project which holds a JORC compliant ore reserve of 11.6Mt grading 0.87% Cu, 0.21 g/t Au (Wyche 2018) in multiple lodes within an iron oxide copper gold ore deposit, the QP has been unable to independently verify this data and the mineralisation quoted is not necessarily indicative of mineralisation on the property that is the subject of this technical report. The Millennium Project comprises five Mining Leases; ML’s 2512, 2761, 2762, 7506 and 7507 all owned by Element Minerals Australia Pty Ltd, a 100% owned subsidiary of Hammer Metals Ltd. The Mining Leases cover a combined area of 135.217 Ha. | |
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