Short-term geophysical campaign consisting of a TDEM and BHEM survey of 8 linear km
Vancouver, British Columbia–(Newsfile Corp. – June 30, 2022) – Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (ESF: GROUND FLOOR) (the “Company” Where “GBML“), an international critical minerals exploration and development company focused on growth-oriented battery metal projects, is pleased to announce that a combination of fixed-loop time-domain electromagnetics (“TDLEM“) and electromagnetic drilling (“BHEM“) Surveying work has begun on its Sawyer Camp Nickel-Copper project in Michigan’s Upper Peninsula.
BHEM downhole surveys are being completed on two strategically located reconnaissance holes (~1,000ft deep), while an 8 line km TDLEM ground survey has been initiated to identify potential conductors representing nickel-copper sulphide mineralization. The geophysical survey is carried out by Crone Geophysics & Exploration Ltd.
This is the first of three targets GBML plans to test in Michigan.
Please see the Camp Sawyer Project Overview for more details on the program, in addition to the latest version of the Presentation to the company’s investors downloadable from the GBML website (www.gbml.ca).
About Global Battery Metals Ltd.
GBML is a mining exploration company focused on the metals that make up and support the rapid evolution towards battery power. GBML’s common shares are listed on the TSX Venture Exchange and the Frankfurt Stock Exchange and traded on the OTCQB. GBML currently has five plans: (1) an option to acquire up to 90% of the North-West Leinster lithium property in Ireland; (2) a 100% interest in the Lithium King property in Utah; (3) an option to acquire up to 100% interest in the Lapoile lithium project in Newfoundland; (4) an option to lease the prospective Sawyer Camp nickel-copper project in Michigan; and (5) a 55% interest in the Lara copper property in Peru, which has over 10,000 meters of drilling. As previously reported, Minsur SA, a Peruvian mining company, has entered into an option agreement (the “Option contract on the Lara property“) with GBML and Lara Exploration Ltd. to acquire the copper property from Lara in return for staged payments of US$5.75 million. The option agreement on the Lara property also provides for a net smelter royalty of 0 .75% in favor of GBML.
Global Battery Metals Ltd.
Michael Murphy BA, MBA, MSc., ICD
President and CEO
Such. : 604-649-2350
Email: [email protected]
Neither the 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.
Caution regarding “forward-looking” information
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”. and similar expressions or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. Forward-looking statements in this press release relate to, among other things, the Company’s exploration plans, including ongoing TDLEM and BHEM survey work at the Company’s Sawyer Camp Nickel-Copper Project in the Upper Peninsula. of Michigan, USA. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections as of the date the statements are made and are based on a number of assumptions and estimates which, although considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political changes and social uncertainties and contingencies. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements that are or may be expressed or implied by these forward-looking statements and the parties have made assumptions and estimates. based on or related to many of these factors. These factors include, but are not limited to, the ability to complete proposed exploration work in light of the global COVID-19 pandemic, exploration results, the continued availability of capital and changes in conditions. general economics, market and business. Readers should not place undue reliance on the forward-looking statements and information contained in this press release regarding these items. Readers are referred to the Company’s reports, which are publicly available through the Canadian Securities Administrators’ Electronic Document Retrieval System (SEDAR) at www.sedar.com for a more comprehensive analysis of these risk factors and their potential effects. The Company undertakes no obligation to update any forward-looking statements of beliefs, opinions, projections or other factors should they change, except as required by applicable securities laws.
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