Powered BY Cobalt … Driven BY Demand Global Energy Metals Mobilizes Field Crew to Ground Truth New Cobalt, Copper, Nickel Targets at the Lovelock and Treasure Box Projects
TSX.V GEMC
www.globalenergymetals.com
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Sun Tower
128 West Pender St. Vancouver,
BC
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TwiGer @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS MOBILIZES FIELD CREW TO GROUND
TRUTH NEW COBALT, COPPER, NICKEL TARGETS AT THE LOVELOCK
AND TREASURE BOX PROJECTS
Vancouver, BC / TheNewswire / September 13, 2022 / Global Energy Metals
CorporaUon 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 an update
on exploraNon plans for its Lovelock and Treasure Box projects (the
“Projects”) in the SNllwater Range in Nevada. Following recent idenNficaNon
of new cobalt, copper and nickel targets by Earthlabs Inc., formerly GoldSpot
Discoveries Corp. (TSX-V:SPOT | OTCQX:SPOFF) (“Earthlabs”) the Company has
engaged Dahrouge Geological ConsulNng USA Ltd. (“Dahrouge Geological”) for
mineral exploraNon acNviNes at the Projects. Dahrouge Geological is now on
site and carrying out a number of exploraNon iniNaNves to ground truth the
Earthlabs’ findings and further define the scale and scope of the prospecNve
Nevada-based baGery metals projects.
Highlights:
•Earthlabs was engaged to apply their proprietary machine learning ap -
plicaNons (“AI”) and geoscience experNse to assist the Company in expand-
ing discoveries and idenNfying new high-priority target areas;
•A total of 30 exploraNon targets have been idenNfied, 15 on the Lovelock
Project and 15 targets idenNfied on the Treasure Box Project;
•In preparaNon for field work, Earthlabs provided a map of probable target
zones, resulNng from the AI analysis allowing for Nme-and cost-efficient field
exploraNon; and
•Dahrouge Geological has been engaged and is on site conduc Nng a field
program to field check the exploraNon target areas presented to help con-
firm lithologies validate and prioriNze the targets generated by Earthlabs.
•The field program is planned to "ground truth" the results of the above
studies prior to selecNng drilling targets.
Mitchell Smith President and Chief ExecuUve officer stated:
"The explora,on work completed to date has iden,fied mul,ple high priority
targets exhibi,ng cobalt, nickel and copper mineraliza,on. The Dahrouge
Geological team have a tremendous track record of discovery and we
welcome their involvement in leading this field work at our Nevada projects.
The objec,ve of this current program is to locate and map the geology of the
area overlying targets generated by Earthlabs’ proprietary AI technology
improving drilling efficiency and chance of success."
The mapping program is planned to cover the two target areas to be Ger
understand the geology, structural trends, and mineralizaNon controls within
these high priority areas. This work will focus on mapping lithology,
alteraNons, and mineral associaNons and assess the potenNal of a larger
mineralized system. This work will also support and poten Nally modify the
proposed drill program for the Treasure Box project as announced previously.
Figure 1. Sulfide sample taken (top leM) from old working (boOom leM).
Intermediate intrusive unit (top right) taken from the outcrop on the boOom
right. Lovelock project, Nevada, USA.
About Lovelock
Lovelock currently consists of 81 unpatented lode claims in the CoGonwood
Canyon area of the S Nllwater Range totaling approximately 1,586 acres
(642 hectares). It was discovered by George Lovelock and Charles Bell about
1880. According to U.S. Government annual reports, the Lovelock Mine saw
limited producNon of nickel, copper and cobalt beginning in 1883. The
primary cobalt mineral was idenNfied as “cobalNte”. The general average of
the 200 tons shipped in 1886 averaged 14 percent cobalt and 12 percent
nickel. The mine operated from 1883 to 1890 to the 100 foot level, reporNng
500 tons of cobalt and nickel mineralized material shipped to England for
processing. Aler intermiGent producNon, an English company aGempted
smelNng on site in 1898 but li Gle or no producNon was made (Source:
“Mineral Resources of the United States for 1885” , 1886). No further
producNon from the Lovelock Mine is known for well over a century providing
GEMC an excellent opportunity to unlock the potenNal value of the deposit
through exploraNon work. In a recent drill program at Lovelock by GEMC,
elevated values of cobalt, nickel and copper were intercepted in three of the
holes which targeted possible mineralizaNon beneath the historical mine
workings.
About Treasure Box
Treasure Box hosts mine workings from limited copper produc Non, which
occurred unNl early into the 20th century. A historical diamond drill hole (circa
1910) drilled at the Treasure Box by the Boyer-Nevada Copper Company
reportedly intersected 1.52% copper over 85 feet (25.9 metres) with
mineralizaNon beginning at surface. A reverse circulaNon hole drilled on the
Treasure Box by Utah InternaNonal in 1976 returned 1.55% copper over 40
feet (12.2 metres) from a depth of 85 to 125 feet (25.9 to 38.1 metres), and
the hole was stopped in chalcopyrite mineralizaNon. The core Treasure Box
claims were held conNnuously for over 20 years by a private company but
were relinquished in September 2017, leading to their acquisiNon by Nevada
Sunrise. GEMC received approval from the US Bureau of Land Management
(the “BLM”) for a proposed exploraNon and drill plan at the Treasure Box
project that includes up to thirteen (13) verNcal drill holes from thirteen (13)
different locaNons. Planned drill hole lengths range from 350 feet (107
metres) to 500 feet (152 metres). Total drilling is anNcipated to be 5,850 feet
(1,784 meters), with a minimum drilling length of three (3) drill holes totaling
1,350 feet (412 metres). Depending on findings, individual drill hole lengths
could be extended by 30 to 50 feet (10 to 15 metres) as determined by the
company’s on-site representaNve. The targeted prospects have been
idenNfied by Global Energy Metals through a systemaNc exploraNon program
over the past several months that has included an airborne magneNc survey,
reinterpretaNon of historical Induced PolarizaNon (IP) data, detailed mapping
and desktop review of historical data including past drilling.
About Dahrouge Geological
Dahrouge Geological is a North American mineral exploraNon, consulNng, and
project management group with offices in Canada and the United States. They
provide professional geological, logisNcal, and project management services
to the world’s mining and mineral resource industry including project
generaNon, program design, geophysics, project evalua Non, geology &
resources, as well as mine engineering and geotechnics.
Qualified Person
Mr . Paul Sarjeant, P . Geo., is the qualified person for this release as defined by
NaNonal Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. o ffers investment exposure to the growing
rechargeable baOery and electric vehicle market by building a diversi fied
global porUolio of explora,on and growth-stage baOery 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 baOery 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 Uolio of
strategically significant investments in baOery 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 InformaUon:
Global Energy Metals CorporaNon
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals
CauUonary Statement on Forward-Looking InformaUon:
Certain informa,on in this release may cons,tute forward-looking statements
under applicable securi,es laws and necessarily involve risks associated with
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
those in the forward-looking statements. Except as required by law, the
Company undertakes no obliga ,on to update these forward-looking
statements in the event that management’s beliefs, es,mates or opinions, or
other factors, should change.
GEMC’s opera,ons could be significantly adversely affected by the effects of a
widespread global outbreak of a contagious disease, including the recent
outbreak of illness caused by COVID-19. It is not possible to accurately predict
the impact COVID-19 will have on opera,ons and the ability of others to meet
their obliga,ons, including uncertain,es rela,ng to the ul,mate geographic
spread of the virus, the severity of the disease, the dura,on of the outbreak,
and the length of travel and quaran,ne restric,ons imposed by governments
of affected countries. In addi,on, a significant outbreak of contagious diseases
in the human popula,on could result in a widespread health crisis that could
adversely affect the economies and financial markets of many countries,
resul,ng in an economic downturn that could further affect opera,ons and
the ability to finance its opera,ons.
For more informa,on on Global Energy and the risks and challenges of their
businesses, investors should review the filings that are available at
www.sedar.com.
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term is defined in the policies of the TSX Venture Exchange) accepts
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We seek safe harbour.