Global Energy Metals Corp (TSX-V:GEMC) said it has initialized its summer exploration program at the Lovelock and Treasure Box projects in Nevada.
The company said the program will apply GoldSpot Discoveries Corp's artificial intelligence and machine learning technology to build knowledge acquired in prior programs and undertake regional sampling to assess high potential target areas throughout the prospective landholdings.
"We are excited to launch our 2022 exploration campaign. We’re looking forward to having boots back on the ground in Nevada and will be systematically undertaking a regional sampling program in the vicinity of several high potential target areas," GEMC’s project development manager, Timothy Strong said in a statement.
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"These and other areas will be assessed during the program as we work to make significant new discoveries throughout our prospective landholdings and prepare for next phase drilling on the properties," he added.
The Lovelock mine project is past-producing high-grade cobalt, copper, nickel project on the doorstep of Tesla’s Gigafactory in Nevada. In a recent drill program at Lovelock, elevated values of cobalt, nickel and copper were intercepted in three of the holes which targeted possible mineralization beneath the historical mine workings.
The Treasure Box project hosts mine workings from limited copper production. A historical diamond drill hole drilled at the Treasure Box by the Boyer-Nevada Copper Company reportedly intersected 1.52% copper over 85 feet (25.9 metres) with mineralization beginning at surface.
The company said recent geophysical results have outlined large areas with anomalous geological potential for new discoveries at both projects, the fieldwork will focus efforts on a number of these new and existing high-priority battery metals targets. The results will be used to target a phase one drill program at Treasure Box and a phase two drill program at Lovelock. Both projects are fully permitted for drilling.
GEMC holds an 85% interest in the projects through its wholly-owned subsidiary, US Battery Metals Corp.
The company offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage mineral assets
Contact the author at jon.hopkins@proactiveinvestors.com