Business
Global Energy Metals Acquires Right to Use Hydrometallurgical Process at Nevada Battery Metals Projects; Provides Update on the Lovelock Cobalt Mine Program
(via TheNewswire) Vancouver, BC / TheNewswire / May 30, 2019 - Global Energy Metals Co...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Acquires Right to Use Hydrometallurgical Process at Nevada Battery Metals Projects; Provides Update on the Lovelock Cobalt Mine Program(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / May 30, 2019 - Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (\"Global Energy Metals\", the \"Company\" and/or \"GEMC\") is pleased to announced that it has amended the terms of the previously entered into non-binding Memorandum of Understanding and entered into a binding agreement with Canada Cobalt Works Inc. for a right to use for a period of one year Canada Cobalt Works' Re-2OX technology to accelerate the advancement of the Lovelock Cobalt Mine and Treasure Box projects.\n\n\n \nCanada Cobalt Works' hydrometallurgical process will complement a wider exploration and drilling program that will allow for reinterpretation of historic data and a better understanding of the ability to unlock the cobalt, nickel and copper potential from GEMC's Nevada based projects. \n\n\n \nAn overview of the terms of the agreement for use of the Re-20X technology by GEMC is detailed below.\n\n\n \nLovelock Cobalt Mine Update\n\n\n \nThe Company is also pleased to provide an update on the Company's ongoing activities at the Lovelock Cobalt Mine in Churchill County, Nevada.\n\n\n \nGEMC conducted a site visit of the property and took a number of selective samples that were sent to ALS in Sparks, Nevada, to validate historical analytical results. Lab results from these samples compare well and reinforce confidence in the historical numbers for battery metals including cobalt, copper and nickel. \n\n\n \nIn addition to the samples noted above, approximately 100 kilograms of material taken during the site visit was sent to the SGS Canada Inc. laboratory in Lakefield, Ontario, for analyst as part of the strategic technological initiative with Canada Cobalt Works to use the proprietary and environmentally friendly Re-2OX Process.\n\n\n \nLab findings, combined with the exploration potential and targets identified by the technical team, supports the development of an initial work program including additional surveying and sampling and an integrated model of the historical workings and geological data to extrapolate high priority target areas for future drilling. Planning for this is well underway.\n\n\n \nMitchell Smith, CEO...