GEMC:CC - GLOBAL ENERGY METALS Identifies New Cobalt Copper Nickel Targets at the Lovelock and Treasure Box Projects Using Earthlabs' Ai And Machine Learning Technology
(TheNewswire)
Vancouver, BC - TheNewswire - September 8, 2022 - Global Energy Metals Corporation ( TSXV:GEMC ) | ( OTCQB:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the“Company” and/or “GEMC ”), a company involved in investment exposure to the batterymetals supply chain, is pleased to announce results of a property-widecomprehensive target generation that Earthlabs Inc., formerly GoldSpotDiscoveries Corp. (TSX-V:SPOT, OTCQX:SPOFF) (“Earthlabs”)completed on the Lovelock and Treasure Box projects in the StillwaterRange in Nevada. Earthlabs was engaged to apply their proprietarymachine learning applications (“AI”) and geoscience expertise toassist the Company in expanding discoveries and identifying newhigh-priority target areas.
Highlights of theGoldSpot-GEMC Collaboration:
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Earthlab's AI and geologicalinterpretation highlights cobalt, nickel, copper potential at GEMC'sNevada based projects;
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A total of 30 exploration targets havebeen identified, 15 on the Lovelock Project and 15 targetsidentified on the Treasure Box Project;
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In preparation for field work, GoldSpotprovided a map of probable target zones, resulting from the AIanalysis allowing for time-and cost-efficient field exploration;and
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The Company will begin mobilizing for afield program to field check the exploration target areas presented to help confirm lithologies and validate and prioritize thetargets.
Mitchell Smith,President & CEO, commented:
“The investigativework undertaken by the Earthlabs technical team along with theirmachine learning and AI application significantly improve ourunderstanding and the potential for a much larger mineralized systemon our land holdings for those metals, like cobalt, nickel and copper,that are critical to an electrified future.”
VincentDubé-Bourgeois, CEO & Director of Earthlabs alsocommented:
“The work done byEarthlabs has identified a series of targets for GEMC to focus theirexploration work on. We’ve taken a large area of land and using ourproprietary Smart Target approach have reduced the area of focus tomaximize efficiency for exploration. Our technological approach allowsGlobal Energy Metals to gather the most information possible in theareas that matter the most and increase explorationsuccess. ”
Global Energy’s summer programsfocused on developing new targets on the Lovelock project and furtherdefining high potential historical prospects from the target pipelinecompilation on the Treasure Box project. GEMC is utilizingEarthlabs’ AI and machine learning technologies to help optimizeexploration targets at its Nevada-based properties. Earthlabs workswith leading exploration and mining clients across all commodities anddeposit types, using cutting-edge technology and geo-scientificexpertise to mitigate exploration risks and significantly increase theefficiency and success rate of mineral exploration across resources.
Analytical workflow consisted of theprocessing diverse geoscience datasets, including aeromagnetic data,ground IP, drill hole geological data, and rock and soil data. Thedata integration having homogeneous coverage into a Machine Learningdatacube led to a robust supervised-AI model that generated targetswith a high prediction score for cobalt, copper and nickel (Figures 1and 2).
Figure 1. AI &Machine Learning targeting map showing the 15 exploration targetsidentified at the Lovelock Project, Nevada Lovelock Project,Nevada
Figure 2. AI &Machine Learning targeting map showing the 15 exploration targetsidentified at the Treasure Box Project, Nevada
ExplorationRecommendations
Cobalt, nickel and copper are the keyknown commodities associated with the Lovelock and Treasure BoxProjects. Mafic to ultramafic intrusions or flows are commonly thesources for these commodities. Within the area of interest, stringersof cobalt-nickel-copper mineralization occur in rock surroundingdiorite (mafic) units, near the contact with the felsic flows-tuff.The predicted geological map highlights several clusters as probablemafic intrusion and flow, and several other clusters as probablefelsic material. Earthlabs recommends to prospect with priority at theboundary zones of the interpreted mafic and felsic units, and proximalto interpreted structures. The Company will, in the very near future,initiate a field program to field check the exploration target areaspresented to help confirm lithologies and validate and prioritize thetargets for future exploration and drilling.
Geophysics
• Follow up work such as ground IP onsome of the more intriguing exploration targets.
• Consider additional geophysicalsurveying to provide full coverage layers for the property. Optionsinclude additional airborne surveying such as EM, radiometrics andVLF.
• Earthlabs M-PASS system couldprovide gradient magnetic, VLF, radiometric and LiDARdata.
Geological mappingand Geochemistry
• Field checks of the explorationtarget areas presented here to help confirm lithologies and validateand prioritize the targets. Currently there are no prioritytargets.
About Lovelock
The Property currently consists of 81unpatented lode claims in the Cottonwood Canyon area of the Stillwater Range totalingapproximately 1,586 acres (642 hectares). It was discovered by GeorgeLovelock and Charles Bell about 1880. According to U.S. Governmentannual reports, the Lovelock Mine saw limited production of nickel,copper and cobalt beginning in 1883. The primary cobalt mineral wasidentified as “cobaltite”. The general average of the 200 tonsshipped in 1886 averaged 14 percent cobalt and 12 percent nickel. Themine operated from 1883 to 1890 to the 100 foot level, reporting 500tons of cobalt and nickel mineralized material shipped to England forprocessing. After intermittent production, an English companyattempted smelting on site in 1898 but little or no production wasmade (Source: “Mineral Resources of the United States for 1885”,1886). No further production from the Lovelock Mine is known for wellover a century providing GEMC an excellent opportunity to unlock thepotential value of the deposit through exploration work. In a recent drill program atLovelock by GEMC ,elevated values of cobalt, nickel and copper were intercepted in threeof the holes which targeted possible mineralization beneath thehistorical mine workings.
About TreasureBox
Treasure Box hosts mine workings fromlimited copper production, which occurred until early into the 20thcentury. A historical diamond drill hole (circa 1910) drilled at theTreasure Box by the Boyer-Nevada Copper Company reportedly intersected1.52% copper over 85 feet (25.9 metres) with mineralization beginningat surface. A reverse circulation hole drilled on the Treasure Box byUtah International in 1976 returned 1.55% copper over 40 feet (12.2metres) from a depth of 85 to 125 feet (25.9 to 38.1 metres), and thehole was stopped in chalcopyrite mineralization. The core Treasure Boxclaims were held continuously for over 20 years by a private companybut were relinquished in September 2017, leading to their acquisitionby Nevada Sunrise. GEMC received approval from the US Bureau of LandManagement (the “BLM”) for a proposed exploration and drill planat the Treasure Box project that includes up to thirteen (13) verticaldrill holes from thirteen (13) different locations. Planned drill holelengths range from 350 feet (107 metres) to 500 feet (152 metres).Total drilling is anticipated to be 5,850 feet (1,784 meters), with aminimum drilling length of three (3) drill holes totaling 1,350 feet(412 metres). Depending on findings, individual drill hole lengthscould be extended by 30 to 50 feet (10 to 15 metres) as determined bythe company’s on-site representative. The targeted prospects havebeen identified by Global Energy Metals through a systematicexploration program over the past several months that has included anairborne magnetic survey, reinterpretation of historical InducedPolarization (IP) data, detailed mapping and desktop review ofhistorical data including past drilling.
QualifiedPerson
Mr. Paul Sarjeant, P.Geo., is the qualified person for this release as defined by NationalInstrument 43-101 - Standards of Disclosure for MineralProjects.
EarthLabs Inc.
(TSXV: SPOT |OTCQX:SPOFF)
Earthlabs is atechnology company working to revolutionize the future of globalmineral exploration with a full suite of data and knowledge-drivenSaaS tools and services. EarthLabs represent a collection ofindustry-leading earth modelling, geology data management andspecialized financial products that help both mining companies andmining investors make better decisions.
Global Energy MetalsCorporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offersinvestment exposure to the growing rechargeable battery and electricvehicle market by building a diversified global portfolio ofexploration and growth-stage battery mineral assets.
Global Energy Metalsrecognizes that the proliferation and growth of the electrifiedeconomy in the coming decades is underpinned by the availability ofbattery metals, including cobalt, nickel, copper, lithium and otherraw materials. To be part of the solution and respond to thiselectrification movement, Global Energy Metals has taken a‘consolidate, partner and invest’ approach and in doing so haveassembled and are advancing a portfolio of strategically significantinvestments in battery metal resources.
As demonstrated withthe 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 establishedmining and processing jurisdictions in close proximity to end-usemarkets. Global Energy Metals is targeting projects with low logisticsand processing risks, so that they can be fast tracked to enter thesupply chain in this cycle. The Company is also collaborating withindustry peers to strengthen its exposure to these criticalcommodities and the associated technologies required for a cleanerfuture.
Securing exposure tothese critical minerals powering the eMobility revolution is agenerational investment opportunity. Global Energy Metals believesNow is the Time to be part of this electrificationmovement.
For FurtherInformation:
Global Energy MetalsCorporation
#1501-128 West PenderStreet
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219
www.globalenergymetals.com
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Cautionary Statementon Forward-Looking Information:
Certain informationin this release may constitute forward-looking statements underapplicable securities laws and necessarily involve risks associatedwith regulatory approvals and timelines. Although Global Energy Metalsbelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statementsare not guarantees of future performance and actual results ordevelopments may differ materially from those in the forward-lookingstatements. Except as required by law, the Company undertakes noobligation to update these forward-looking statements in the eventthat management’s beliefs, estimates or opinions, or other factors,should change.
GEMC’s operationscould be significantly adversely affected by the effects of awidespread global outbreak of a contagious disease, including therecent outbreak of illness caused by COVID-19. It is not possible toaccurately predict the impact COVID-19 will have on operations and theability of others to meet their obligations, including uncertaintiesrelating to the ultimate geographic spread of the virus, the severityof the disease, the duration of the outbreak, and the length of traveland quarantine restrictions imposed by governments of affectedcountries. In addition, a significant outbreak of contagious diseasesin the human population could result in a widespread health crisisthat could adversely affect the economies and financial markets ofmany countries, resulting in an economic downturn that could furtheraffect operations and the ability to finance itsoperations.
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Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
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