Vancouver-based Global Energy Metals Corporation (TSX-Venture:GEMC) was pleased to reveal what looks to be a lucrative project this summer and beyond.
A news release out Tuesday said field work at the Lovelock Cobalt Mine in Churchill County, Nevada is now underway with a focus on identifying high-grade mineralized zones of cobalt, nickel and copper in the historical underground workings.
Global Energy Metals will commence channel sampling of previously identified mineral-rich areas, as well as complete detailed geological mapping and surveying of the accessible underground workings. The results of the program will assist in its evaluation of the subsurface geology and identify areas for future drilling, and serve as an important resource for the creation of a 3D geological model.
Shares in GEMC rose half a cent, or 8.3%, to 6.5 cents midday Tuesday, though volume was underwhelming at 5,000 shares.