Global Battery Continues Exploration in Ireland, Evaluation of Peru Copper Project and Pursues Advanced Gold/Silver Opportunities
July 21, 2019
Global Battery Metals Ltd. has releases the following project updates.
- Ireland -- North West Leinster lithium project remains under review, and a decision on the drill program to be made, with the release of a government mag survey, in mid-fall, will complement the work already completed. The company has spent the required amount to qualify to option the property. No further expenditures are required until April, 2020, should it proceed with the option.
- Peru -- Lara copper project: Strategic opportunities are being evaluated by management.
- Other properties: Fortner Boyd, Pine Valley and Wells properties will no longer be pursued at this time.
Michael Murphy, chief executive officer, stated: "The macro trends in the gold sector have got the attention of investors. Understanding how to structure a gold/silver deal and evaluate gold/silver assets is one of Global Battery Metals' strengths."
Mr. Murphy continued to note: "In short, it is time for Global and its highly experienced team to focus on what it knows best: structuring a tremendous deal in the precious metals sector. With an excellent share structure and an organization that can raise significant institutional dollars and at the same time understands retail investors, Global is well positioned."
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