Phase One Drilling Intersections At The Lovelock Mine Property

VANCOUVER - Global Energy Metals Corporation (GEMC) announced that it has intersected nickel, copper and cobalt mineralization during its Phase One drilling at the at the Lovelock Cobalt-Nickel-Copper project located in the Stillwater Range, Nevada.

Timothy Strong, Project Development Manager,  said, “Our understanding of the copper, cobalt and nickel mineralization in the extensive IOCG system at Lovelock continues to improve as a result of the 2021 drilling program. Three of the target areas tested on this limited initial drill campaign have yielded intersected mineralization of the key battery metals targeted which will require follow-up testing, including excellent results from the areas adjacent to and under the historical mine.  In addition, there are still multiple areas yet to be tested, and through the newly entered partnership with GoldSpot Discoveries, GEMC is underway on working on prioritizing new targets for a second phase drill program.”

GEMC is pleased with the preliminary, widely-spaced drill holes it was able to complete prior to the end of the year having intersected mineralization at select targets and gaining valuable technical information for future programs. Importantly, elevated values of cobalt, nickel and copper were intercepted in three of the holes which targeted possible mineralization beneath the historical mine workings.  

Surface sampling, mapping and geophysical surveying identified a number of potential mineralized areas on the property.  This limited drilling program was planned to test several of these anomalies including those around the vicinity of the former-producing Lovelock Mine. Electrical chargeability anomalies were identified from the initial induced polarization survey conducted in 2017. Eight reverse-circulation drill holes were designed to penetrate prospective anomalous zones. Seven of the originally planned drill holes were completed before the end of the year.