The area covered by these state leases is in addition to the Company's land package associated with the Sawyer Camp (which is a combination of state and private leases). GBML's total property interest in
The state leases applied for in October of 2021 cover two primary airborne magnetic targets (one normally polarized and one reversely polarized), as identified from a 2021
'Our research of the opportunities in the area has resulted in some promising targets and the granting of the four state leases to GBML is consistent with our plans for further exploration work at Sawyer Camp,' stated
The Company is currently developing plans to engage a geophysical contractor to conduct an electromagnetic survey over these new targets that will be utilized to guide initial drill targeting. The contractor has already been engaged to conduct similar work on the Sawyer Camp.
About
GBML is an international mineral exploration and development company with a focus on metals that comprise and support the rapid evolution to battery power. GBML currently maintains economic interests in five battery metal projects: (1) an option to lease agreement to facilitate exploration of the Sawyer
Contact:
Tel: 604-649-2350
Email: MM@gbml.ca
Cautionary Statement Regarding 'Forward-Looking' Information
This press release contains certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of GBML, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or' should' occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans, including, but not limited to, conducting electromagnetic surveys. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by GBML are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the possibility of accidents and other risks associated with mineral exploration operations such as encountering unanticipated geological factors or the inability to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Readers are 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. GBML does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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