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Global Energy Metals Opens Significant Exploration Potential at Lovelock Mine via Data Reinterpretation Study
Vancouver, BC - TheNewswire - November 9, 2020 - Global Energy Metals Corporation (TSXV:GEMC) | (OTC:GBLEF) | (FSE:5GE1) ("Global Energy Metals", the "Company"
About this update from Global Energy Metals Corp
[{"type":"text","content":"Vancouver, BC - TheNewswire - November 9, 2020 - Global Energy Metals Corporation (TSXV:GEMC) | (OTC:GBLEF) | (FSE:5GE1) (\"Global Energy Metals\", the \"Company\" and/or \"GEMC\") is pleased to provide an exploration update for the Lovelock Mine project (\"the Project\"), which includes results from the reprocessing and reinterpretation of existing data including that from the positive airborne magnetic and orthophoto digital surveys that were conducted at the cobalt-nickel-copper prospective project in Nevada. The Company recently engaged SJ Geophysics Ltd. (\"SJ Geophysics\") to review the airborne magnetic data and assemble a complete, extensive, comprehensive and detailed data compilation and interpretation program including a 3D inversion model showing a possible subsurface distribution of the magnetic susceptibility property of the rocks (the \"SJ Study\") for its recently acquired and highly prospective Lovelock Mine & Treausre Box Projects, located approximately 150km (100mi) east of Reno in the Stillwater Range, Churchill County, Nevada. The SJ Study has led to a new interpretation of the regional structure of the Lovelock property, specifically in the vicinity of the historical mining of high-grade cobalt and nickel that occurred at the Lovelock Mine and those areas in close proximity that were previously identified as high priority targets. Timothy Strong, Project Development Manager commented: \"Given the positive airborne geophysics combined with historic findings including a ground IP survey along with underground mapping and sampling data, we are increasing our understanding of the geological potential of the Lovelock Mine area.\" \"The re-interpretation of the 2019 airborne magnetic and orthophoto surveys suggest that the Lovelock Mine is located within a corridor of strong structural control with several subparallel structures indicating the potential for multiple mineralized zones related to these structures. Importantly, the SJ Study has identified high-priority drill targets which would complement the exploration fieldwork previously conducted.\" Highlights of the Study: Re-interpretation has significant implications for further exploration at the Project including greatly enhancing the Company's ability to successfully target and drill newly defined anomalies; The magnetic data implies the basalts and s...