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Global Energy Metals Expands Drill Program at Lovelock Mine Project in Nevada to Include Drilling at Treasure Box to Test Historically High-Grade Copper and Cobalt Mineralization

Vancouver, BC / TheNewswire / May 27, 2021 / Global Energy Metals Corporation TSXV:GEMC | OTC:GBLEF | FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC”), a company involved in project level investment exposure to the battery metals supply chain, is pleased to announce it has applied to the Bureau of Land Management, Nevada State Office to expand its permitted drill program planned for the Lovelock Mine project (“Lovelock”) to include the nearby Treasure Box project (“Treasure Box”) in Nevada, USA.

The currently planned 1,400 metre program (6 to 8 drill holes) at Lovelock has been expanded to approximately 2,100 metres (9-10 drill holes) to capitalize on having drill contractors onsite at Lovelock so that the company can test historically high-grade copper and cobalt mineralization at Treasure Box.


The Company is fully funded for the expanded program.


Expanded drill program from 1,400 metres (6 to 8 drill holes) to 2,100 metres (9-10 drill holes) in the fully funded program; Drilling will focus on making new copper-nickel-cobalt discoveries along newly defined conductors at Lovelock as well as at the Treasure Box deposit;Most of the historical work at Treasure Box has consisted of shallow drilling at the deposit area with little regional work carried out and limited deeper drilling below the deposit; There is strong discovery potential in and around the Lovelock and Treasure Box properties as well as at regional targets identified; and Modern exploration techniques and methods are being utilized at the Nevada properties with a goal of making new discoveries of battery metals critical to the technologies enabling a low-carbon economy.


About Treasure Box

The Treasure Box project, consisting of 76 unpatented lode claims, is an exploration-stage copper, cobalt, nickel, gold exploration property in the Table Mountain Mining District, Churchill County, Nevada. The mineralization at Treasure Box is a classic example of an iron-oxide copper gold (IOCG) occurrence. Both Treasure Box and Lovelock lie within the widespread Humboldt Mafic Complex, which is a large gabbroic-basalt complex that was subsequently subjected to intense and widespread hydrothermal alteration. Primary IOCG mineralization is present at relatively shallow depths as shown by limited historical drilling.

Treasure Box hosts mine workings from limited copper production, which occurred until early into the 20th century. A historical diamond drill hole (circa 1910) drilled at the Treasure Box project by the Boyer-Nevada Copper Company reportedly intersected 1.52% copper over 85 feet (25.9 metres) with mineralization beginning at surface. A reverse circulation hole drilled on the Treasure Box project by Utah International in 1976 returned 1.55% copper over 40 feet (12.2 metres) from a depth of 85 to 125 feet (25.9 to 38.1 metres), and the hole was stopped in chalcopyrite mineralization. The core Treasure Box claims were held continuously for over 20 years by a private company but were relinquished in September 2017, leading to their acquisition by Nevada Sunrise and subsequently by Global Energy Metals in October 2020.


Image 1. Field images at Treasure Box showcasing at-surface copper staining.


Global Energy Metals Corporation


Global Energy Metals Corp. offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.

Global Energy Metals recognizes that the proliferation and growth of the electrified economy in the coming decades is underpinned by the availability of battery metals, including cobalt, nickel, copper, lithium and other raw materials. To be part of the solution and respond to this electrification movement, Global Energy Metals has taken a ‘consolidate, partner and invest’ approach and in doing so have assembled and are advancing a portfolio of strategically significant investments in battery metal resources.

As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, GEMC is investing-in, exploring and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets. Global Energy Metals is targeting projects with low logistics and processing risks, so that they can be fast tracked to enter the supply chain in this cycle.  The Company is also collaborating with industry peers to strengthen its exposure to these critical commodities and the associated technologies required for a cleaner future.

Securing exposure to these critical minerals powering the eMobility revolution is a generational investment opportunity. Global Energy Metals believe the the time to be part of this electrification movement.