Werner Lake Cobalt Project - Ontario, Canada


Kenora, Ontario, Canada

Resource Estimate

Indicated: 57.9kt @ 0.51% Co & 0.25% Cu at a 0.25% Co Cut-off for 653,000 lbs of Contained Cobalt

Inferred: 6.3t @ 0.48% Co & 0.14% Cu at a 0.25% Co Cut-off for 67,000 lbs of Contained Cobalt


Growth-stage primary cobalt exploration project in Canada, with excellent potential for additional cobalt mineralisation throughout GEMC’s extensive land package.

Mineralisation remains open at depth and along strike with the potential for undiscovered high grade zones.

Metallurgical studies have shown that excellent cobalt recoveries can be yielded from a standard flotation mill process followed by a low-pressure oxidative hydrometallurgical leach (net recovery 88%), to produce a cobalt carbonate end product.

Project Status

Updated NI 43-101 Resource Report issued May 11, 2018.

3,500m diamon drill program planned to complete further infill and expansion diamon drilling


Global Energy Metals holds 70% of the project 

Has entered into a JV with Marquee Resources, whereby Marquee can earn a 70% interest in the project through $2.5million of project level expenditures

Please refer to the Company’s news release dated May 11, 2018 for the updated Technical Report entitled Amended NI 43-101 Resource Estimate for Werner Lake Cobalt Project, Werner Lake, Ontario Canada or visit the corporate SEDAR page at


Global Energy Metals entered into an option agreement with Marquee Resources Limited (“Marquee”), an Australian based company, that has the rights to earn either a 30% or a 70% interest in the Werner Lake Cobalt Project located in Kenora Mining District, Ontario (the  “Property”). As consideration for Marquee’s option to earn either a 30% or a 70% interest in the Werner Lake Cobalt Project located in Kenora Mining District, Ontario (the  “Property”), Global Energy Metals has received a cash payment totalling A$200,000 and has been granted publicly traded shares of Marquee having an aggregate value of A$100,000. 

In order to maintain and enforce the option granted to it, and to exercise this option, Marquee must incur expenditures of A$1,000,000 to earn a 30% interest in the Property within year one and a further A$1,500,000 (for a total of A$2,500,000) to earn a 70% interest in the Property on or before year two.  The parties will enter into a customary joint venture agreement once the Marquee exercises its option to acquire either a 30% or 70% interest in the Property. In addition, upon obtaining an encouraging Pre-feasibility study according to a commercially reasonable standard, Marquee will pay GEMC A$150,000.

Future Work

Joint Venture partner, Marquee Resources, has announced a summer diamond drill program of an estimated 3,500m for infill drilling within the known Indicated Resource area and will be testing depth and on-strike extensions to mineralisation that remain open.  The first phase diamon drill program is expected to commence in early June 2018 with a possible resource evaluation at the conclusion of that drill program.  A second phase drill program in Q3 2018  will be based on results from the first phase program over the summer months.

See news releases dated April 23, 2018; April 11, 2018

The Werner Lake Cobalt Mine project will be further assessed based on the very significant increase in cobalt prices from USD $10 to USD $45 per pound since March 2016.


The project is located near the Ontario-Manitoba border in the Kenora Mining District. The Werner Lake Geological Belt hosts numerous cobalt-copper and base metal showings, deposits and past producing mines. The two largest cobalt deposits defined to date are the Werner Lake Minesite Deposit and the West Cobalt Deposit, both controlled by GEMC. The area has seen extensive exploration and development work since the original discovery of cobalt in 1921. There is likely more cobalt mineralization in the Belt.


The Werner Lake Cobalt Mine produced cobalt ore in the 1930s and 1940s from the “Old Mine Site” deposit area and with the discovery of the main ore area at the West Cobalt Deposit, was taken to production decision in the late 1990s when prices were below today’s LME spot price of USD $24 per pound. At the time, infrastructure was put in place, including four season road, mill buildings, and tailings settling area. Decline ramp, drifts and raises of over 258 metres were driven into the heart of the deposit.

The most significant work was undertaken by Canmine Resource Corporation (“Canmine”) between 1995 and 2002. During this time Canmine carried out extensive drilling and exploration work leading to the discovery of additional mineralized lenses beneath the old workings, now referred to as the Minesite Deposit (or “Old Mine Site”). The West Cobalt Deposit is located about 500 metres west of the Minesite Deposit and was also discovered during their exploration and development program. In addition to drilling, Canmine carried out diamond drilling, extensive metallurgical testing, underground rehabilitation and development work. A 25 tonne bulk sample was excavated from the Minesite area and submitted to Lakefield Research for analysis and hydrometallurgical testwork. Canmine reported With a high-temperature pressure leach, Lakefield Research Limited extracted greater than 99% of the cobalt into a liquor, which was treated to precipitate cobalt carbonate assaying 35% cobalt with little (0.03%) arsenic and nonhazardous process solid residues ( Canmine Annual Information Form, August 12, 2002 ). From this same 2002 Annual Information Form, Canmine released the following Mineral Resources and Mineral Reserve Estimate for the Mine Site and West Cobalt areas:**

  • Undiluted Proven Reserves of 140,031 tonnes of 0.47% cobalt, 0.26% copper and 0.008 ounces per tonne gold; and
  • Probable Reserves of 40,829 tonnes of 0.25% cobalt, 0.20% copper and 0.003 ounces per tonne gold.

**The historical estimate at Werner Lake is not being treated as a mineral reserve or mineral resource. Key assumptions, parameters, and methods used to prepare the historical estimates are not known. A qualified person has not done sufficient work to classify the historical estimate as a mineral resource or mineral reserve. Additional drilling and testing is required to determine a classification as a mineral resource or mineral reserve under current NI 43-101 standards. The Company is not treating the historical information as a current mineral resource or mineral reserve.

In 2009-2010, GEMC’s predecessor company drilled 7,565 metres of drilling in 31 holes that was used to further investigate the property and the openness of the deposit to depth and to the east. In addition to the findings from the 2009-2010 program, significant resource data is available, including analytical results, business plans, engineering studies and metallurgical reports from previous operators.

Drill results from that previous drilling included a 12.30 metre intercept averaging 1.21% cobalt including a very high‐grade interval grading 12.48% cobalt over 0.90 metres. These high‐grade intercepts are associated with anomalous copper, nickel and gold values ( Puget Ventures release April 19, 2010 ).


Detailed engineering studies were undertaken by SNC-Lavelin (“SNC”) to prepare a development plan and determine the most cost effective mining techniques to be employed at Werner Lake. Due to the variability of the mineralised zones, SNC recommended shrinkage mining at the West Cobalt Zone and Lens 1 and 2 at the Old Mine Site, opting for long-hole open-stope mining being employed at Lens 3. Details including fleet requirements, ventilation, ground support, a development plan and other mining details were laid out in a 2002 report authored by SNC. Detailed cost estimations included: shrinkage costs of $12.32 per tonne, long-hole costs of $9.47 per tonne, ramp development costs of $1,121.72 per metre, raise development costs of $945.07 per metre and haul drift, draw point and other access costs of $1,067.31 per metre. A 300 tonne production rate per day over a 5-day week was assumed. From 1997 to 1998 extensive exploration was undertaken through the decline and also through a sub-drift that was driven 107 metres within the ore zone to obtain a 4,094 tonne bulk sample.

Metallurgical studies have shown that excellent cobalt recoveries can be yielded from a standard flotation mill process followed by a low-pressure oxidative hydrometallurgical leach (net recovery 88%), to produce a cobalt carbonate end product. At the time of this work Canmine received written offers or indicative term sheets from companies around the world for the purchase of the cobalt carbonate product, which reportedly averaged 27% cobalt and 6% copper content.

Qualified Person

Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.

Subscribe to our Email List