Global Energy Metals Corporation revealed it had intersected nickel, copper and cobalt mineralization at its Lovelock project in Nevada.
In a statement, GEMC said it 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.
Elevated values of cobalt, nickel and copper were intercepted in three of the holes which targeted possible mineralization beneath the historical mine workings, the company said.
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Further, surface sampling, mapping and geophysical surveying identified a number of potential mineralized areas on the property.
GEMC’s project development manager Timothy Strong told investors that the company’s 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,” Strong said.
“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 provided a first set of sample analyses that have been received from the project laboratory, American Assay Laboratories of Sparks, Nevada.
All of the drill holes intersected Humboldt Mafic Complex (HMC) formations, and three of the seven holes intersected mineralized rock, according to a release from the company. The company said that analytical results from drilling suggest the presence of primary copper-cobalt-nickel sulfides, arsenides and antimonides that were present in the original material from which cobalt was produced historically, GEMC said.
The firm added that the new data will be factored into a conceptual model of the distribution of mineralization and the controls on the types of mineralization on the property.
Vancouver-based GEMC is focused on the rechargeable battery and electric vehicle market through a diversified global portfolio of exploration and growth-stage battery mineral assets.
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