Powered BY Cobalt … Driven BY Demand Global Energy Metals Summarizes Activities at the Lovelock and Treasure Box Projects and Outlines NEXT Steps IN Light of Positive Results
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GLOBAL ENERGY METALS SUMMARIZES ACTIVITIES AT THE
LOVELOCK AND TREASURE BOX PROJECTS AND OUTLINES NEXT
STEPS IN LIGHT OF POSITIVE RESULTS
Vancouver, BC / TheNewswire / January 31, 2023 / Global Energy Metals
CorporaSon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy
Metals” , the “Company” and/or “GEMC”) , a mulK-jurisdicKonal, mulK-
commodity criKcal mineral exploraKon and development company focused on
growth-oriented baGery metal projects supporKng the global transiKon to
clean energy, is pleased to provide a recap of its ac KviKes, including a
summary of the posiKve results from mulKple exploraKon programs carried
out in 2022 at its Lovelock and Treasure Box projects (“Lovelock” , “Treasure
Box” and/or the “Projects”) located in the SKllwater Range in Nevada, USA
along with the Company’s plans in light of posiKve results.
Mitchell Smith, CEO & Director comments:
"We con(nue to be impressed by the results and progress at both the Lovelock
and Treasure Box projects. From the series of explora (on programs and
interpre(ve studies conducted in 2022 we are confident in the founda(on that
has been set and with recommenda(ons made, look forward to realizing the
poten(al of these exci(ng copper, nickel cobalt projects in mining friendly
Nevada."
Image 1. Compila(on of images taken from project reconnaissance trips to the
Lovelock and Treasure Box projects.
The Lovelock project is a past-producing high-grade cobalt, copper, nickel
project that had not undergone exploraKon using modern technique unKl
GEMC iniKated acKviKes in 2019. Since that Kme GEMC has been acKve on
the project conducKng various types of exploraKon including the use of
arKficial intelligence (“AI”) to idenKfy new target areas. In the first ever drill
program at Lovelock, elevated values of cobalt, nickel and copper were
intercepted in three of the holes which targeted possible mineraliza Kon
beneath historical mine workings.
The Treasure Box project hosts mine workings from limited copper
producKon. A historical diamond drill hole drilled at the Treasure Box by the
Boyer-Nevada Copper Company (circa 1910) reportedly intersected 1.52%
copper over 85 feet (25.9 metres) with mineralizaKon beginning at surface.
Global Energy holds an 85% interest in the Projects through its wholly owned
subsidiary, US BaGery Metals Corp. Click on headings below for more details.
Sampling Program at Treasure Box Including Copper Assays up to 36.4%
Copper
•ProspecKng and sampling program for the Project now complete
•Assay results from the program highlight the prevalence of copper
mineralizaKon, with localized high-grade silver .
•Assays included 36.4% Copper, 176g/t Silver and 1.325g/t Gold
•Confirmed mineralizaKon in areas idenKfied by Earthlabs as priority targets
•Results of this iniKal field work at the Property are encouraging and
addiKonal work is warranted.
Image 2. Historical Prospect Pit - Collec(on site of TB22-004 with visible Cu
oxide development along fractures and veins, including malachite and azurite
within altered mafic basalt unit. Sample assayed 13% Cu, 167g/t Ag and
1.325g/t Au.
Sampling Program at Lovelock with Strong Copper, Nickel and Cobalt Assay
Values
•IniKal AI assessment resulted in discovery of several new areas.
•Successfully idenKfied strong nickel, cobalt, copper and silver showings
within the property boundaries.
•Sampled target areas produced promising results with new areas idenKfied.
•Results of this iniKal field work at the Project are encouraging and addiKonal
work is warranted.
Image 3: Historical working including adit and small pit located along the
contact between the white HMC diorite and the brown, iron-oxidized HMC
gabbro. Samples assayed included LL22-025 with 4.82% Cu, 0.546% Co,
0.309% Ni and 32.3g/t Ag.
Earthlabs-GEMC CollaboraSon
•Earthlabs was engaged to apply their proprietary machine learning
applicaKons and geoscience experKse to assist the Company in expanding
discoveries and idenKfying new high-priority target areas.
•Earthlab's AI and geological interpretaKon highlights cobalt, nickel, copper
potenKal at GEMC's Nevada based projects;
•A total of 30 exploraKon targets have been idenKfied, 15 on the Lovelock
Project and 15 targets idenKfied on the Treasure Box Project;
•In preparaKon for field work, Earthlabs provided a map of probable target
zones, resulKng from the analysis allowing for Kme-and cost-efficient field
exploraKon; and
•The Company engaged Dahrouge Geological to conduct a field program to
field check the explora Kon target areas presented to help con firm
lithologies and validate and prioriKze the targets.
•The Dahrouge led programs focused on developing new targets on the
Lovelock project and further define high potenKal historical prospects from
the target pipeline compilaKon on the Treasure Box project.
Images 4 & 5. AI & Machine Learning targe (ng map showing the 30
explora(on targets iden(fied at the Lovelock and Treasure Box projects.
First-Ever Drill Program at Lovelock
•The Company intersected nickel, copper and cobalt mineralizaKon during its
Phase One drilling at the at the Lovelock Cobalt-Nickel-Copper project.
•ConKnued to improve understanding of the copper, cobalt and nickel
mineralizaKon in the extensive IOCG system as a result of the drilling
program.
•Target areas tested on this limited ini Kal drill campaign intersected
mineralizaKon of the key baGery metals targeted which will require follow-
up tesKng, including excellent results from the areas adjacent to and under
the historical mine.
•In addiKon, there are sKll mulKple areas yet to be tested, and through the
newly entered partnership with Earthlabs, GEMC prioriKzed new targets for
a second phase drill program.
•Importantly, elevated values of cobalt, nickel and copper were intercepted
in three of the holes which targeted possible mineraliza Kon beneath the
historical mine workings.
•Surface sampling, mapping and geophysical surveying idenKfied a number
of potenKal mineralized areas on the property.
Drill Permit Approval and Proposed Treasure Box Drill Program
•GEMC received approval from the US Bureau of Land Management (the
“BLM”) for its proposed exploraKon and drill plan under a NoKce of Intent
(“NOI”) at Treasure Box.
•The proposed iniKal drilling program at Treasure Box includes up to fourteen
(14) verKcal drill holes from thirteen (14) different locaKons.
•Planned drill hole lengths range from 350 feet (107 metres) to 500 feet (152
metres) for total drilling anticipated to be 6,550 feet (2,000 meters).
•The Company is currently seeking a quali fied and experienced drilling
company to provide diamond core drilling services for an ini Kal drilling
campaign on a part of the claim block.
•A valid USBLM NOI covers the project area and allows for the described
drilling acKviKes.
Images 6 & 7. Drilling first-ever holes at the prospec(ve cobalt, nickel, copper
Lovelock project in Nevada.
SJ Geophysics Data InterpretaSon of the Projects
•SJ Geophysics reinterpreted historical drilling and mining data related to the
Company’s copper-cobalt Treasure Box project and reviewed and
incorporated historical geological data collected from previous operators
spanning over a century in order to support exploraKon programs at the
Project.
•In addiKon, SJ evaluated the drilling at the Lovelock Project from a
geophysical data perspecKve.
•SJ performed the iniKal IP survey and integrated the results of the airborne
magneKc survey and then made recommendaKons relaKve to drill hole
locaKon and orientaKon.
•The drill program at Lovelock was directed at several target areas within the
property: the Lovelock Mine Zone and targets generated through surface
sampling, mapping and a high-power induced polarisa Kon (“IP”) ground
geophysical survey, which were subsequently priori Kzed by a follow-up
surface geochemical program and airborne magneKc survey.
•Several of these anomalies were targeted for the iniKal drilling program in
2021 at Lovelock.
Lovelock RecommendaSons
The results of this iniKal field work at the Lovelock Property are encouraging
and addiKonal exploraKon 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 systemaKc 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
idenKfying exisKng nickel, cobalt, copper and silver showings within the
property boundaries, as well as idenKfying potenKal mineralized trends along
proposed faults and lithologic contacts. The fieldwork focused on idenKfying
mineralized host rocks and delinea Kng potenKal mineralized structures.
Although fieldwork produced some strong results, a large part of the property
remains to be prospected. 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 faulKng in that area.
It is recommended that future work con Knue to delineate the extent of
mineralizaKon along structures within the HMC intrusives. Areas with notable
oxidaKon and strong alteraKon should be carefully mapped, and the ore-fluid
containing structures idenKfied. Sampling along the strike length of these
structures throughout the Property would be the next phase of field
exploraKon 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.
Most of the work conducted in the 2022 field program was focused on
historical workings and on the delineated structure-contact targets idenKfied
by Earthabs. It is recommended addi Konal mapping and prospecKng 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
mineralizaKon. 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 Kon at the unconformity contact, explore for
mineralizaKon not exposed at surface, and develop a structural framework of
the mineralized fault systems.
Treasure Box RecommendaSons
The results of this iniKal field work at the Property are encouraging and
addiKonal work is warranted. The next phase of explora Kon work should
include detailed geologic and structural mapping over the Property’s extent,
and systemaKc rock and soil sampling program across more focused target
areas delineated during this program and results derived during geologic and
structural mapping.
Structures in the area appear to have general northwest-southeast to north-
south trends, which have locally in fluenced several historical Cu-Ag-Au
mineralized showings. It is recommended that future work con Knue to
delineate the extent of mineralizaKon along the unconformity between the
Jurassic mafics and TerKary rhyolite units. Zones with notable oxidaKon and
strong alteraKon should be carefully mapped, and the ore- fluid containing
structures idenKfied. Sampling along the strike length of these structures
throughout the Property would be the final phase of field exploraKon.
The southern extent of the Property will need to be sampled and mapped, in
order to correlate the relaKonship between mineralizaKon and the intruding
HMC gabbros and diorites.
There is evidence for other mineralized zones outside the claim property
boundary, parKcularly concentrated along the paleosurface between the Jmv
and Tv. Most of the work conducted in the 2022 field program was focused on
the historic workings and on the delineated structure-contact targets
idenKfied by Goldspot. It is recommended that addi Konal mapping and
prospecKng is conducted within and beyond the limits of the current claim
boundary along strike of the main structure, to beGer understand the controls
on mineralizaKon. 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 Kon at the unconformity contact, explore for
mineralizaKon not exposed at surface, and develop a structural framework of
the mineralized fault systems.
About Lovelock
The Property currently consists of 81 unpatented lode claims in the CoGon-
wood Canyon area of the SKllwater 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 producKon of nickel, copper and cobalt beginning in 1883. The prima-
ry cobalt mineral was idenKfied as “cobalKte”. 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, reporKng 500 tons of
cobalt and nickel mineralized material shipped to England for processing. Af-
ter intermiGent producKon, an English company aGempted smelKng on site in
1898 but liGle or no producKon was made (Source: “Mineral Resources of the
United States for 1885” , 1886). No further producKon from the Lovelock Mine
is known for well over a century providing GEMC an excellent opportunity to
unlock the potenKal value of the deposit through exploraKon work. In a re-
cent drill program at Lovelock by GEMC, elevated values of cobalt, nickel and
copper were intercepted in three of the holes which targeted possible miner-
alizaKon beneath the historical mine workings.
About Treasure Box
Treasure Box hosts mine workings from limited copper produc Kon, which
occurred unKl 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
mineralizaKon beginning at surface. A reverse circulaKon hole drilled on the
Treasure Box by Utah InternaKonal 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 mineralizaKon. The core Treasure Box
claims were held conKnuously for over 20 years by a private company but
were relinquished in September 2017, leading to their acquisiKon by Nevada
Sunrise. GEMC received approval from the US Bureau of Land Management
(the “BLM”) for a proposed exploraKon and drill plan at the Treasure Box
project that includes up to thirteen (13) verKcal drill holes from thirteen (13)
different locaKons. Planned drill hole lengths range from 350 feet (107
metres) to 500 feet (152 metres). Total drilling is anKcipated 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 representaKve. The targeted prospects have been
idenKfied by Global Energy Metals through a systemaKc exploraKon program
over the past several months that has included an airborne magneKc survey,
reinterpretaKon of historical Induced PolarizaKon (IP) data, detailed mapping
and desktop review of historical data including past drilling.
Qualified Person
Mr . Paul Sarjeant, P . Geo., is the qualified person for this release as defined by
NaKonal Instrument 43-101 - Standards of Disclosure for Mineral Projects. He
is a shareholder and Director of the Company.
Global Energy Metals CorporaSon
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. o ffers investment exposure to the growing
rechargeable ba‘ery and electric vehicle market by building a diversi fied
global poraolio of explora(on and growth-stage ba‘ery mineral assets.
Global Energy Metals recognizes that the prolifera (on and growth of the