Powered BY Cobalt … Driven BY Demand Global Energy Metals Assays up to 26.3% Copper, 0.546% Cobalt and 0.309% Nickel from Sampling Program at the Lovelock Project IN Nevada
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancouver,
BC
V6B 1R8
T +1.604.688.4219
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GLOBAL ENERGY METALS ASSAYS UP TO 26.3% COPPER, 0.546%
COBALT AND 0.309% NICKEL FROM SAMPLING PROGRAM AT THE
LOVELOCK PROJECT IN NEVADA
Vancouver, BC / TheNewswire / November 28, 2022 / Global Energy Metals
CorporaXon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy
Metals” , the “Company” and/or “GEMC”), a company involved in investment
exposure to the baGery metals supply chain, is pleased to provide a key
update from its Nevada, USA based Lovelock project (“Lovelock” and/or the
“Project”).
Highlights
•Ini%al AI assessment resulted in discovery of several new areas.
•Successfully iden%fied strong nickel, cobalt, copper and silver showings
within the property boundaries.
•There is evidence for other mineralized zones outside the property boundary.
•Sampled target areas produced promising results with new areas iden%fied.
•Results of this ini%al field work at the Project are encouraging and
addi%onal work is warranted.
Figure 1: Historical working including adit and small pit located along the
contact between the white HMC diorite and the brown, iron-oxidized HMC
gabbro.
The 2022 field sampling of the Lovelock Property was completed by a crew of
two geologists, with 40 samples collected over 3 days, between September 11
to September 13, 2022. (Refer to Figures 1, 2 and 3).
A total of 40 samples were collected, with the focus being on target areas
previously iden]fied by Earthlabs Inc., formerly GoldSpot Discoveries Corp.
(TSX-V:SPOT , OTCQX:SPOFF) (“Earthlabs“ and/or “Goldspot”) using various
geophysical, geological, and remote sensing data.
The primary objec]ves of the program were to confirm loca]ons of historical
mining/ explora]on, perform an ini]al assessment of the proposed lithologies
and structures on the property, and to determine target areas for future
mineral explora]on. Highlighted analy]cal results from 8 different loca]ons
are presented below in Table 1.
Table 1. Lovelock 2022 Sampling Highlights
The results of this ini]al field work at the Lovelock Property are encouraging
and addi]onal explora]on is recommended. Roughly half of the sampled
Goldspot target areas produced promising results. The next phase of work
should include detailed geologic and structural mapping over the Property’s
extent, and a systema]c rock and soil sampling program across more focused
target areas delineated during this program and results derived during
geologic and structural mapping.
The 2022 sampling of the GEMC Lovelock Property was successful in
iden]fying exis]ng nickel, cobalt, copper and silver showings within the
property boundaries, as well as iden]fying poten]al mineralized trends along
proposed faults and lithologic contacts. The fieldwork focused on iden]fying
mineralized host rocks and delinea ]ng poten]al mineralized structures.
Although fieldwork produced some strong results, a large part of the property
remains to be prospected.
Figure 2. Project Geology with Goldspot Target Areas and 2022 Sample
Loca%ons Highlighted
Figure 3. 2022 Rock Assays Highligh%ng Strong Nickel, Copper and Cobalt
Values
It is recommended that future field work include detailed geologic mapping
and accurate structural measurements of this proposed structure, with
further sampling focused along the strike length of the faul]ng in that area.
It is recommended that future work con ]nue to delineate the extent of
mineraliza]on along structures within the HMC intrusives. Areas with notable
oxida]on and strong altera]on should be carefully mapped, and the ore-fluid
containing structures iden]fied. Sampling along the strike length of these
structures throughout the Property would be the next phase of field
explora]on and sampling.
The northeastern extent of the property, especially along the strike length of
the mineralized fault zone, will need to be visited and sampled.
There is evidence for other mineralized zones outside the Property boundary.
Most of the work conducted in the 2022 field program was focused on
historical workings and on the delineated structure-contact targets iden]fied
by Goldspot. It is recommended addi ]onal mapping and prospec]ng is
conducted within and beyond the limits of the current claim boundary along
strike of the main structure, in order to be Ger understand the controls on
mineraliza]on. Once surface extents and detailed mapping are completed and
assessed, the next phase would be to develop a drill program to test the
depth of mineraliza ]on at the unconformity contact, explore for
mineraliza]on not exposed at surface, and develop a structural framework of
the mineralized fault systems.
Qualified Person
Mr . Paul Sarjeant, P . Geo., is the qualified person for this release as defined by
Na]onal Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Global Energy Metals CorporaXon
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. o ffers investment exposure to the growing
rechargeable baVery and electric vehicle market by building a diversi fied
global porWolio of explora%on and growth-stage baVery mineral assets.
Global Energy Metals recognizes that the prolifera %on and growth of the
electrified economy in the coming decades is underpinned by the availability
of baVery metals, including cobalt, nickel, copper, lithium and other raw
materials. To be part of the solu %on and respond to this electri fica%on
movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por Wolio of
strategically significant investments in baVery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt
projects in Canada, Australia, Norway and the United States, GEMC is
inves%ng-in, exploring and developing prospec %ve, scaleable assets in
established mining and processing jurisdic%ons in close proximity to end-use
markets. Global Energy Metals is targe%ng projects with low logis%cs and
processing risks, so that they can be fast tracked to enter the supply chain in
this cycle. The Company is also collabora %ng with industry peers to
strengthen its exposure to these cri %cal commodi%es and the associated
technologies required for a cleaner future.
Securing exposure to these cri%cal minerals powering the eMobility revolu%on
is a genera%onal investment opportunity. Global Energy Metals believes Now
is the Time to be part of this electrifica%on movement.
For Further InformaXon:
Global Energy Metals Corpora]on
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals
CauXonary Statement on Forward-Looking InformaXon:
Certain informa%on in this release may cons%tute forward-looking statements
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regulatory approvals and %melines. Although Global Energy Metals believes
the expecta%ons expressed in such forward-looking statements are based on
reasonable assump%ons, such statements are not guarantees of future
performance and actual results or developments may differ materially from
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adversely affect the economies and financial markets of many countries,
resul%ng in an economic downturn that could further affect opera%ons and
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