News

Global Battery Metals Provides Update on NW Leinster Lithium Project and has Applied for Additional Claims

September 10, 2021

September 10, 2021 Vancouver, BC, Canada – Global Battery Metals Ltd. (the “Company” or “GBML”) (TSXV: GBML; OTCQB: REZZF; FSE: REZ) announces that assay results from recent drilling have been received, and provides an exploration update on its NW Leinster Lithium Project (the “NW Leinster Project”) in the Republic of Ireland.

Aughavanagh Drilling, NW Leinster Block

The Company has completed three drill holes of a six-hole drilling program on the Aughavanagh target area of the NW Leinster property for a total of 625.5 metres.  The target area occurs at the mapped contact between multi-phase sheeted Devonian granites and the contact metamorphosed metasediments of the Ordovician-aged Ribband Group.  This area therefore presents an analogous target to the Aclare and Moylisha prospects 40km to the south-west on the Avalonia project being drilled by the Ganfeng-International Lithium Corp. JV.

All three initial drill holes intersected several different phases of well-developed pegmatite veins with Lithium-Cesium-Tantalum (LCT) geochemical signatures, though lithium assays received from these pegmatites were not significant.  Lithium was, however, shown by LIBS (Laser-Induced Breakdown Spectroscopy) analysis to be elevated Individual biotites within granites in sections of hole 3 (the most northerly) returned Li values of between 1500ppm Li and 2638ppm, indicating passage of mineral rich fluids with potential proximity to an LCT pegmatites, or to an albitised pegmatite which liberated the lithium from a lithium-bearing pegmatite.

The drilling of the remaining three holes of programme will resume after target refinement and vectoring studies utilising geochemical and petrological information from the drilling and planned complementary mapping, prospecting and deep overburden sampling at Aughavanagh.

Additional Regional NW Leinster Block Claims Applied For

An application for a prospecting license for an area which adjoins and is immediately south of Ganfeng-ILC’s Avalonia project has been made.

A recent historical data review and literature search undertaken by LRH Resources, our partner on the project, resulted in the identification of six new prospects outside the current NW Leinster block with spodumene-bearing (lithium) pegmatite boulder concentrations.  One of these was ground-truthed and float samples taken returned a maximum value of 2.95% Li2O (Table 1) verifying historical prospecting.  A previous operator’s trench log records reported a 1.8m spodumene-pegmatite vein under the area of this highest sample, however, no other information, including assays, are available in the Geological Survey Open File archive.

Table 1 – Float Samples from Prospect Outside NW Leinster Block

Sample

Li (ppm)

Li2O eq (%)*

210724CL02

3240

0.70

210724CL03

11200

2.41

210724CL04

11000

2.37

210724CL05

13700

2.95

* Li2O % = Li ppm % (x 2.153)

An application for the relevant prospecting licence covering this area, PLA1597, which adjoins and is immediately south of the Ganfeng-ILC’s Avalonia Project, has been made by LRH Resources and will be operated under the current Agreement between GBML and LRH Resources.

Whilst target refinement work at Aughavanagh is completed, this new area, as well as five other regional targets on the NW Leinster Lithium block identified in 2018 by LRH Resources, will be further investigated. The five regional targets were initially identified by analysis of legacy, low-density soil/stream sediment sampling data and perspectivity was confirmed by LRH Resources reconnaissance prospecting at:

  1. Sorrell (1.65% Li2O in spodumene-bearing pegmatite float),
  2. Scurlocks (0.65% Li2O in aplite float),
  3. Knocknaboley (820ppm Li in aplite float),
  4. Tonygarrow (0.99% Li2O % in spodumene-bearing pegmatite float) and,
  5. Glencullen.

None of these areas have been explored by LRH-GBML to date and detailed prospecting and mapping is planned for each area.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Vaughan Williams, P. Geo., principal geologist at Aurum Exploration Services Limited and Director of LRH Resources Ltd., and a “qualified person” within the meaning of National Instrument 43-101.

About Global Battery Metals Ltd.

GBML is a mineral exploration company with a focus on metals that make up and support the rapid evolution to battery power.  GBML’s common shares are listed on the TSX Venture Exchange and Frankfurt Stock Exchange and quoted on the OTCQB.  GBML currently has three projects: (1) an option to acquire up to a 90% in the North-West Leinster lithium property in Ireland, (2) a 100% interest in the Lithium King property in Utah, and (3) a 55% stake in Peru-based Lara copper property, which has over 10,000 metres of drilling.  As previously disclosed, Minsur S.A., a Peruvian mining company, entered into an option agreement with GBML and Lara Exploration Ltd. to acquire the Lara copper property for staged payments of USD$5.75 million.  GBML will retain a 0.75% net smelter royalty.

Global Battery Metals Ltd.

Michael Murphy BA, MBA, MSc., ICD
President & CEO
T: 604-649-2350
E:

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.

Cautionary Statement Regarding "Forward-Looking" Information

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to a drill program to be conducted on the Company’s North-West Leinster lithium property in Ireland. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

 

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