Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) has said it is seeing “exceptional” recovery results from testwork at its Millennium project.
The Vancouver-based firm is conducting metallurgical testwork in collaboration with Australia’s Cobalt Blue Holdings (ASX:COB), which has developed an innovative processing technology to extract and recover cobalt and other payable metals.
GEMC said that testing recovered excellent cobalt, copper and gold results, including high-grade separate copper and cobalt concentrate that can be easily floated from Millennium project samples.
Testing achieved float recoveries of 93% cobalt, 93% copper and 80% gold into concentrates, GEMC added
Cobalt Blue’s process successfully treated the cobalt concentrate to extract 90% cobalt and 95% copper. Gold extraction of 90% was comprised of 10% using Cobalt Blue’s process and 80% through cyanide leach of the Cobalt Blue residue.
The metallurgical results demonstrate the “significant value” of the Millennium project, according to GEMC CEO Mitchell Smith.
“We are especially pleased with the performance of Cobalt Blue who have established that we can produce a clean, saleable copper-gold flotation concentrate and a separate cobalt concentrate which can be successfully treated using the Cobalt Blue Process for recovering cobalt, copper and gold,” Smith said in a statement.
"These test results are an important next step in accomplishing Global Energy's strategy to secure the supply of minerals critical to national security and economic growth. We look forward to incorporating these results into future studies to quantify the added value to the project."
Cobalt Blue is recommending GEMC complete a preliminary economic assessment on Millennium, GEMC told shareholders.
Results from the Millennium test work indicate that the Cobalt Blue Process could be adapted to treat cobalt-copper-gold sulphides that are abundant in the prolific Mount Isa and Cloncurry district, where GEMC holds a significant land position.
Global Energy Metals holds 100% of Millennium and two neighbouring cobalt assets in Mt Isa, Australia.
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