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Global Energy Metals Expands Land Position In Nevada - Stakes Claims Contiguous To The Lovelock Cobalt Mine
(via TheNewswire) Vancouver, BC / TheNewswire / June 13, 2019 / Global En...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Expands Land Position In Nevada - Stakes Claims Contiguous To The Lovelock Cobalt Mine(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / June 13, 2019 / Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (\"Global Energy Metals\", the \"Company\" and/or \"GEMC\") is pleased to announce that it has staked 11 new claims adjoining the 70 pre-existing Lovelock Cobalt Mine project claims in Churchill County, Nevada. The new claims to the north of the historic mine shaft cover approximately 75 hectares increasing the Lovelock property to a total of 642 hectares, within 81 mineral claims.\n\n\n \nMitchell Smith, CEO & Director commented:\n\n\n \n\"As Global Energy Metals commences its exploration program on our newly optioned ground at the Lovelock Cobalt Mine in Nevada, we wanted to ensure our land position covered additional prospective areas contiguous to current holdings. We are especially excited to have strengthened this land position after recent sampling from the newly staked area extended the potential for additional cobalt, nickel and copper mineralization around the historically producing mine.\"\n\n\n \nIn January of this year, Global Energy entered into an option agreement with Nevada Sunrise Gold, a Vancouver based company, for the option to acquire an 85% undivided interest in the Lovelock Cobalt Mine and nearby Treasure Box project, adding to its portfolio of battery metal projects in top-tier mining jurisdictions within Canada and Australia. Both Lovelock and Treasure Box are highly prospective for battery minerals including cobalt, nickel and copper.\n\n\n \nMore recently, Global Energy Metals entered into a strategic technological initiative 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. Significantly, Re-2OX skips the normal smelting process to achieve exceptionally high recovery rates for cobalt, nickel and copper, while also removing 99% of arsenic expanding the potential of the Lovelock mine by potentially creating battery grade cobalt sulphate.\n\n\n \nThis hydrometallurgical testing is part of a wider exploration and drilling program that will allow for reinterpretation of historic data and a better understanding of the ability to unlock the cobal...