Proactive Investors - Run By Investors For Investors

Global Energy Metals kicks off fieldwork at Lovelock cobalt mine, Nevada; further expands claim footprint

The past producing Lovelock mine consists of 70 unpatented lode claims in the Cottonwood Canyon area and totals around 1,400 acres (567 hectares)
Cobalt pic
Pictured is cobalt mineralisation

Global Energy Metals Corp (CVE:GEMC) (OTCMKTS:GBLEF) revealed that fieldwork has started at its Lovelock cobalt mine project in Nevada and said it had further increased its footprint in the area.

The past producing Lovelock mine consists of 70 unpatented lode claims in the Cottonwood Canyon area and totals around 1,400 acres (567 hectares).

READ: Global Energy Metals expands claim footprint in Nevada as it's poised to advance battery metals project

The mine operated from 1883 to 1890 to the 100-foot level, reporting 500 tons of cobalt and nickel mineralized material shipped to England for processing.

GEMC's latest work is focused on identifying high-grade mineralized zones of cobalt, nickel and copper in the historical underground workings.

The initial work, via sampling and mapping,  will bid to define structural controls in the known battery metal-rich areas and connect mineralized zones into broader targets in preparation for an inaugural drilling program.

Producing a property-wide geological model is an immediate priority as  it is a very large exploration area, the firm said.

New claims staked

Also in today's statement, the company said it had staked a further seven claims to add to the 11 it had staked earlier this month.

The new claims to the east of the historic mine shaft cover around 36 hectares, increasing the Lovelock cobalt mine property to a total of 678 hectares, within 88 mineral claims.

Some of these new claims are contiguous to both the Lovelock cobalt mine project and the historic Nickel mine in Cottonwood Canyon.

In January this year, the energy metals group inked a definitive agreement to acquire an 85% interest in the two 'highly prospective' cobalt projects in Nevada.

The Lovelock cobalt mine and the Treasure Box project are around 150 km east of the giant Tesla (NASDAQ:TSLA) Gigafactory in Sparks, Nevada, which churns out electric batteries to make cars.

The Lovelock and Treasure Box projects represent a "unique opportunity to make a new battery metals discovery in Nevada, a proven mining district ranked as the most attractive mining jurisdiction by the Fraser Institute's Annual Survey of Mining Companies, 2018," GEMC has said.

GEMC shares surged over 8% in Toronto to $0.065.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

View full GEMC profile View Profile

Global Energy Metals Corp Timeline

Related Articles

May 15 2019
The flagship asset is the Blackbird Creek project, at drill-ready status, just 15 miles southeast of eCobalt's Idaho cobalt project
June 07 2019
Global Energy Metals has in-depth expertise in battery metals, a diverse portfolio of assets and has a compelling future with projects in Australia, Nevada and Ontario
Cobalt project
March 22 2019
The company says its goal is to discover and develop world-class assets to meet the growing demand for cobalt
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use