Global Energy Metals Corporation said it has filed a technical report for its Monument Peak project in Idaho that it believes has the potential to host a significant copper-silver-gold deposit.
Results from the 2021 exploration program confirm the occurrence of significant copper-silver-gold mineralization along a northwest-southeast trend on the property.
Highlights of those results include sample 15140, which returned 5.61% copper and 42.8 grams per ton (g/t) silver, sample 151402 with 2.76% copper and 20.1 g/t silver, sample 151408 with 4.63% copper, 17.40 g/t gold and 175 g/t silver, and sample 151410 with 4.93% copper, 17.60 g/t gold and 87.8 g/t silver.
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CEO Mitchell Smith told shareholders that the company is “extremely pleased” by the results from Monument Peak since the company acquired an interest in the property.
“As the author highlights in the Technical Report, the Monument Peak project is a ‘Property of Merit’ and that the ‘continuity and grades of copper, silver, and gold mineralization along strike from both historical and recent work, confirm that the property has potential to host a significant copper-silver-gold deposit," Smith said in a statement.
“We look forward to working with our partner Dahrouge Geological in continuing to build value, advancing this important US project.”
The report recommended a two-phase exploration strategy. Phase 1 consists of an airborne high resolution magnetic survey and LiDAR survey over the property, with detailed mapping, soil sampling and rock sampling of anomalies identified by the survey.
Phase 2 consists of a diamond drill program to test and delineate targets.
Phase 1 is estimated to cost around US$194,000, with Phase 2 estimated at US$642,500.
The report was prepared by Brian Brewer of Brewer Exploration and Geological Services Inc.
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