Global Battery Metals Ltd. Updates Corporate Presentation
17 Septembre 2019 - 11:30PM
Global Battery Metals Ltd. (formerly RedZone Resources Ltd) (TSX-V:
GBML) (“the Company” or “Global Battery Metals”), at the request of
the Investment Industry Regulatory Organization of Canada, wishes
to retract certain disclosure in its corporate presentation.
Specifically, the disclosure “Could be 400mt at .4% CuEq”
constitutes restricted disclosure per NI 43-101, 2.3(1)(a) as the
quantity and grade of the “deposit” has not been categorized as an
inferred, indicated or measured mineral resource or proven or
probable mineral reserve.
In addition, the disclosure of the drill hole
intercepts disclosed in the Company’s corporate presentation
constitute restricted disclosure as they do not provide a breakdown
of the individual metals/minerals that comprise the CuEq
calculation. Copper equivalents represent (Cu-Eq%) the value
for each metal multiplied by the conversion factor, summed and
expressed in equivalent copper grades. These results are
exploration results only and no allowance is made for metallurgical
recoveries. The conversion factors used were: CuEq (%) was
calculated using US$2.80 per pound of copper and US$16 per pound of
molybdenum; CuEq = copper % + (Mo% X 5.71428571).
About Global Battery Metals Ltd.
Global Battery Metals is a mineral exploration
company with a focus on metals that make up and support the rapid
evolution to battery power. Global Battery Metals common
shares listed on the TSX Venture Exchange (GBML). Global
Battery Metals currently has two projects: 1) an option to acquire
up to 100% of the North-West Leinster Lithium property in Ireland,
and 3) a 55% stake in Peru based Lara copper property, which has
over 10,000 metres of drilling. More information about the
Company is available on its issuer profile on
SEDAR at www.sedar.com or www.gbml.ca.
For further information, please contact:Michael
Murphy, President and Chief Executive OfficerE: MM@gbml.ca
Sherman Dahl – Pretium CommunicationsE:
dahl.sherman@pretiumcapitalgroup.caT: +12505588340
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term defined in the policies
of the TSX Venture Exchange) accept responsibility for the adequacy
and/or accuracy of this release.
Forward-Looking Statements
Specific information outlined in this news
release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and
uncertainties, sure of which are beyond the control of the Company,
including, but not limited to the potential for gold and/or lithium
at any of the Company’s properties, the prospective nature of any
claims comprising the Company’s property interests, the impact of
general economic conditions, industry conditions, dependence upon
regulatory approvals, uncertainty of sample results, timing and
results of future exploration, and the availability of
financing. Readers are cautioned that the assumptions used in
the preparation of such information, although considered reasonable
at the time of development, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements.
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