Global Energy Metals Corp (TSX-V:GEMC) has issued an overview of the multiple exploration programs being completed in 2022 at its Lovelock and Treasure Box projects and has presented plans to build on the positive results.
“We continue to be impressed with the results and progress at the Lovelock and Treasure Box projects,” said CEO Mitchell Smith in a statement. We are excited to realize the potential of these exciting copper, nickel-cobalt projects in mining-friendly Nevada with the recommendations given.”
The Lovelock Project is a past-producing, high-grade cobalt, copper and nickel project consisting of 81 unpatented vein claims totaling approximately 1,586 acres that have not undergone exploration using modern techniques until GEMC issued the 2019 activities began.
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In the first-ever drill program at Lovelock, elevated values of cobalt, nickel and copper were encountered in three of the drill holes targeting possible mineralization beneath historical mine workings.
The results of initial field work on the Lovelock property are encouraging and additional exploration is recommended, the Company said. The next phase of work is expected to include detailed geological and structural mapping over the extent of the property, a systematic rock and soil sampling program in more focused target areas delineated during this program, and results from geological and structural mapping.
Although fieldwork has produced some strong results, much of the property remains to be explored. Therefore, future field work should include detailed geological mapping and accurate structural measurements of this proposed structure, with further sampling along the strike length of the fault concentrated in this area, the Company said.
Elsewhere, the Company’s Treasure Box project hosts mine workings from limited copper production. A historic diamond hole drilled by Boyer-Nevada Copper Company (circa 1910) reportedly intersected 1.52% copper over 85 feet (25.9 meters) with mineralization beginning at surface.
A sampling program at Treasure Box included copper assays up to 36.4% copper, 176 g/t silver and 1.325 g/t gold.
Based on these results, the next phase of exploration work should include detailed geological and structural mapping over the extent of the property and a systematic rock and soil sampling program in more focused target areas delineated during this program and results obtained during geological and structural mapping were won, the company said.
Structures in the area appear to have general northwest-southeast to north-south trends that have locally impacted several historical copper-silver-gold mineralization occurrences. Future work should continue to delineate the extent of mineralization along the unconformity between the Jurassic mafic and Tertiary rhyolite units, the Company said, and zones of notable oxidation and strong alteration should be carefully mapped and their fluid-bearing structures identified. Sampling along strike length of these structures across the property would be the final phase of field exploration.
The full 2022 Ratings and Recommendations Report can be found here.
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