Global Energy Metals Corp (TSX-V:GEMC) said further exploration was warranted following the positive findings of initial fieldwork this year at its Treasure Box project in Nevada.
Prospecting and sampling was carried out between September 14 and September 17 this year and 39 samples were taken focused on targets previously identified by Earthlabs Inc, formerly GoldSpot Discoveries, using geophysical, geological, and remote sensing data.
Assays showed copper mineralization with localized high-grade silver, and included 36.4% copper, 176 grams per tonne (g/t) silver, and 1.325 g/t gold.
"The results from Treasure Box are extremely encouraging with exploration to date building confidence in the project as a compelling discovery story," said GEMC CEO Mitchell Smith in a statement.
"The immense potential demonstrated by the particularly strong copper assay results validate our predictive exploration model with significant implications for the potential copper endowment in this region," he added.
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The results of the initial field work are "encouraging" and additional work is warranted, said the firm.
"The next phase of exploration work should include detailed geologic and structural mapping over the property’s extent, and systematic rock and soil sampling program across more focused target areas delineated during this program and results derived during geologic and structural mapping," it added.
GEMC also noted that there was evidence for other mineralized zones outside the claim property boundary.
"Once surface extents and detailed mapping are completed and assessed, the next phase would be to develop a drill program to test the depth of mineralization at the unconformity contact, explore for mineralization not exposed at surface, and develop a structural framework of the mineralized fault systems," it said.
GEMC offers investment exposure to the growing rechargeable battery and electric vehicle (EV) market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.
As demonstrated by its current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, it is investing-in, exploring and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets.
Contact the author at giles@proactiveinvestors.com