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Global Energy Metals Provides Project Details on High-Grade Past Producing Cobalt Asset Acquisition in the Superior Mining Jurisdiction of Nevada
(via TheNewswire) Vancouver, BC / TheNewswire / September 12, 2018 / Global Energy Met...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Provides Project Details on High-Grade Past Producing Cobalt Asset Acquisition in the Superior Mining Jurisdiction of Nevada(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / September 12, 2018 / Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (\"Global Energy Metals\", the \"Company\" and/or \"GEMC\") is pleased to provide details on the Lovelock Cobalt Mine and Treasure Box projects. GEMC announced yesterday that it has entered into a letter of intent to acquire an 80% interest in the Lovelock Mine and Treasure Box projects located in Churchill County, approximately 150 kilometres east of Sparks, Nevada. Sparks is home to the Tesla Gigafactory that is scaling up to be the largest lithium-ion battery factory in the world.\n\n\n \nFigure 1. Lovelock and Treasure Box Location Map\n\n\nClick Image To View Full Size\n\n\n\n \n \nAbout the Lovelock Cobalt Mine\n\n\n \nThe Property currently consists of 70 unpatented lode claims in the Cottonwood Canyon area of the Stillwater Range totaling approximately 1,400 acres (567 hectares). It was discovered by George Lovelock and Charles Bell about 1880. According to U.S. Government annual reports, the Lovelock Mine saw limited production of nickel, copper and cobalt beginning in 1883. The primary cobalt mineral was identified as \"cobaltite\". The general average of the 200 tons shipped in 1886 averaged 14 percent cobalt and 12 percent nickel. 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. After intermittent production, an English company attempted smelting on site in 1898 but little or no production was made (Source: \"Mineral Resources of the United States for 1886). No further production from the Lovelock Mine is known for well over a century providing GEMC an excellent opportunity to unlock the potential value of the deposit through new exploration work. \n\n\n \nFigure 2. Regional Geologic Map with Location of the Lovelock and Treasure Box Projects\n\n\nClick Image To View Full Size\n\n\n\n \n \nFigure 3. Adit Entrances at Lovelock, a past producing Cobalt Mine in Nevada\n\n\nClick Image To View Full Size\n\n\n\n \n \nGeochemical Sampling\n\n\n \nThe vendor carried out two site visits to the Lovelock Mine in November and December 2017 ...