Global Energy Metals Corp (TSX-V:GEMC) said it has increased its land position by 328 acres (133 hectares), or nearly 25% to 1,708 acres (691 hectares) through low-cost, organic claim staking at its Monument Peak copper-silver-gold project in Lemhi County, Idaho, USA.
The Vancouver-based company said the new claims are near its existing claims at the exploration-stage, high-grade, copper-silver-gold project. The Monument Peak project now consists of 84 claims covering approximately 1,708 acres.
The expanded land position incorporates prospective copper-gold-silver targets identified during the 2021 field program, added the company.
Meanwhile, having completed a geological field work program at Monument Peak, Global Energy Metals said it has now started the preparation for a Monument Peak NI 43-101 technical report. In addition to being a strategic technical document, it will also be an important marketing document, said the company.
The report will look at past programs, field work, and will focus on the tremendous upside, compelling targets and present a new geological model for the copper-silver-gold mineralization at Monument Peak.
Meanwhile, the company shared the following Phase 1 highlights of soil sampling and geological reconnaissance:
- Rock samples ranged up to 5.61% copper (Cu), 175 grams per ton (g/t) silver (Ag), 17.6 g/t gold (Au); the samples returned an arithmetic average of 2.18% Cu, 63 g/t Ag, 3.65 g/t Au
- Soil samples show strong geochemical Cu, Ag, Au anomalies along the known mineralized trend, which extends for over 3,200 metres (m)
- A mineralized pit in the south part of the property was identified 200 metres (m) due east of previous known mineralization
- A newly identified historical trench between the south and central showings confirms continuity of mineralization
- Workings, outcrops, and soil geochemistry imply the mineralized system could be continuous over its entire known strike length of over 3,200m
The company noted that its exploration has advanced sufficiently to allow for the identification of multiple drill targets, which will be confirmed and released soon. Given the southern portion of the project is both road accessible and within lands of the Bureau of Land Management, it is expected that drill targets will be readily accessible, added the firm.
The exploration program carried out by Dahrouge Geological Consulting, included the collection of 557 soil samples and 13 rock samples and identified several new areas of visible copper and silver/gold mineralization.
Significantly, the 2021 rock samples demonstrated “strong precious metal enrichment” with 12 of the 13 rock samples returning 7.6 to 175 g/t Ag and 0.16 to 17.6 g/t Au, noted the company.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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