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Global Energy Metals says latest Werner Lake assays confirm mineralisation at depth

The assays hail from the summer work programme, undertaken by the group's partner Marquee Resources

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Werner Lake is one of the key cobalt resources in Canada

Global Energy Metals Corp (CVE:GEMC) has unveiled further encouraging drill assays from the Werner Lake Cobalt project in Ontario.

The assays hail from the next five of eight holes drilled at the summer work programme, undertaken by the group's partner Marquee Resources, and confirm an extension of mineralisation at depth with further high-grade cobalt.

Highlight results were 5.5 metres at 0.66% Co (cobalt) from 198.5 metres (m) in one hole, including 0.7 m (meters) at 3.15% cobalt.  Another was 2.7m at 0.354% cobalt from 189m in another hole, including 0.7m at 0.67% cobalt.

READ: Global Energy Metals says initial drill results from Werner Lake show high-grade cobalt

"Results from this drill programme have further demonstrated the potential for mineralised zones," said Paul Sarjeant, the vice president of projects and a director at GEMC.

"Marquee's technical team is incorporating the new drilling data into the geological model and is developing a follow-up drilling programme which will target mineralization at depth having the potential to significantly increase the existing NI 43-101 resource at Werner Lake."

The property is one of the key cobalt resources in Canada and its historical total mine production was reported at 143,386 pounds of cobalt grading around 2.2% cobalt and 0.75 % copper.

GEMC also noted today that it had been informed by the relevant authorities that the wildfire, which was previously burning in the area was now sufficiently under control to allow the firm to recommence drilling and the team is expected to be remobilised over the coming 24 hours.

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