Preparation For First Drill Program At Lovelock Cobalt-Nickel-Copper Project

VANCOUVER - Global Energy Metals Corporation has secured O’Keefe Drilling Company, an established drill contractor based in Butte, Montana, to complete up to 1,000 meters of reverse circulation drilling at its district-scale, Lovelock Cobalt-Nickel-Copper project located in the IOCG belt of the Stillwater Range in Nevada.

Timothy Strong, Project Development Manager, said, “In addition to having historical mining of high-grade cobalt, nickel and copper, recent electromagnetic and exploration fieldwork suggests that the land package that makes up Lovelock remains highly prospective for making new discoveries and that the extensive system has the potential for high grades. We look forward to commencing this initial drill program at Lovelock and will be systematically testing additional regional targets in the coming months.”

The majority of the first pass drilling program this season will be focused on confirming intersections of cobalt-nickel-copper bearing vein that correlates with historical underground mining and mapped superficial cobalt-nickel-copper occurrences. It is anticipated the drill program will demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions.

As previously reported in late 2020, an independent 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 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 geophysics study has identified high-priority drill targets that complement the exploration fieldwork previously conducted.

The data interpretation has allowed for a better understanding of the area, extending from previously mined orebodies to key undeveloped prospects and exploration targets, and greatly enhances the Company’s ability to successfully target and explore for new, buried, high-grade cobalt-nickel-copper deposits across the large footprint in a highly prospective mining district.