Global Energy Metals Corporation (TSXV:GEMC), a multi-jurisdictional, multi-commodity critical mineral exploration company, provides an update on the Millennium Project. The company has identified significant and extensive graphite intervals alongside the existing Co-Cu-Au mineral resource of 8.4Mt @ 1.23% CuEq.

Graphite Intersections in Recent Drilling

The recent exploration drilling observed thick graphite intersections over a strike length greater than 2km. The results are supported by historic high-grade rock chip results and previous drilling. All drill holes in the recent program intersected varying levels of sulphide mineralization, including chalcopyrite (copper) and cobaltite (cobalt) minerals.

Drilling Program Details

Three diamond drill holes for 384m were completed at the Millennium Project in June. This drilling targeted resource extensions in the central zone and the conceptual testing of the Fountain Range-Quamby Fault Zone. All drill holes intersected sulphide mineralization, and samples have been submitted for laboratory analysis.

Strong Graphite Potential

Significantly, strongly graphitic schist was observed from 166m to the end of one drill hole. The graphite intersected correlates with previous exposures and black soils in the south.

Regional Graphite Development

Millennium is situated between other NW QLD graphite development projects. The Corella deposit is located 14km to the south, and the Burke deposit is 107km north of Millennium. Millennium exhibits geology similar to the Corella deposit, hosting high-grade graphite mineralization.

Next Steps

Global Energy Metals, along with Metal Bank, is evaluating the potential for further graphite development at Millennium. This includes additional surface mapping, sampling, and re-assaying of previous samples for total graphitic carbon content. The company awaits assay results for Co-Cu-Au mineralization and graphite from the recent drilling.

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