Preliminary Results at the Blockhouse GOLD Property
PRESS RELEASE
February 28, 2017
Genius Properties Ltd. CSE: GNI
PRELIMINARY RESULTS AT THE BLOCKHOUSE GOLD PROPERTY
Genius Properties Ltd. (CSE: GNI) (“Genius” or the “Corporation” ) is pleased to
announce that preliminary results at Blockhouse indicates a new gold zone.
In January 2017, 644m of NQ core was drille d at Blockhouse, Nova Scotia. The drilling
was completed in late January 2017. Drilling targeted 2 geophysics targets outlined in the
2016 IP survey and all three known fissure t ype veins on the property. Additionally, two
holes perpendicular to bedding were complete d. Preliminary results showed a new zone
of Au mineralized quartz veins along a wider, perpendicular structure to the previously
mined Prest fissure vein.
Hole BH-17-01 was drilled NW perpendicular to bedding back towards the historic mine
workings. The hole was spotted so that it w ould intersect a histor ically mapped fault,
intersect the Prest vein below historic wo rkings and intersect a geophysics anomaly
outlined in the 2016 ground IP survey. This is the first drilling done to date at
Blockhouse that was not directly targeting the Prest vein. Results were encouraging as a
previously unknown zone of quartz veins w ith VG through the fault, showed 1.1g/t Au
over 9.55m, with subintervals of 1.6g/t Au over 6.2m and 3.4 g/t Au over 2.1m and
including peak grades of 25.7 g/t over 0.22m and 7.1 g/t over 0.24m. The true widths,
extent and orientation of the zone are not yet understood.
Additional samples have been sent to Actlabs , including several intersections of the Prest
vein, the east vein, the geophysics targets, a nd additional quartz veins through the fault.
The additional results should aid in defining the orientation of the new gold zone at
Blockhouse.
DDH # X
(NAD83)
Y
(NAD83)
Azimuth
(degrees)
Dip
(degrees)
Depth
(m)
From
(m) To(m) Interval(m) Gold
(g/t)
BH‐17‐01 386883 4921246 340 ‐ 55 146 36.7 46.25 9.55 1.1
BH‐17‐02 386883 4921246 80 ‐ 45 38 Results Pending
BH‐17‐03 386880 4921246 80 ‐ 90 137 92.8 93.8 1.00 0.9
BH‐17‐04 386857 4921367 45 ‐ 45 65 Results Pending
BH‐17‐05 386763 4921431 340 ‐ 45 80 Results Pending
BH‐17‐06 386873 4921242 80 ‐ 90 119 Results Pending
BH‐17‐07 386889 4921273 280 ‐ 70 59 Results Pending
Core was boxed on site by the drill crew a nd transported to the core shack by Genius
personnel. Core was then logged and marked for sampling. Samples were sawn in half
with a diamond blade core saw. Half was sent to Activation Laboratories in Ancaster, On
in sealed bags, while half was retained. On ce at Actlabs, samples were pulverized and
fire assayed with Code 1A2-30. Samples contai ning visible gold were also submitted for
metallic screening, Code 1A4(100 mesh). QAQ C procedures included the systematic
insertion of certified reference standards and blanks which were reviewed to verify the
integrity of the lab results.
The technical sections of this press release have been prepared and reviewed by Alex
Mackay, P.Geo., and qualified person according to NI 43-101 guidelines.
About Genius Properties
Genius is a Canadian mineral exploration company focused on developing projects with
some of the world’s most critical metals and minerals for use in various industries
including in particul ar, batteries for storing electri cal energy and the raw materials
essential for Lithium-ion battery production.
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable
Canadian securities laws. All information othe r than historical fact is forward-looking
information. Forward-looking information relates to future events or future performance
and is based on GNI current internal expect ations, estimates, projections, assumptions
and beliefs. Forward-looking information is often, but not always, identified by the use of
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"plan", "continue", "estimate", "forecast", "may", "will", "predict", "potential",
"targeting", "could", "might", "should", "b elieve" and similar expressions. Although
management considers the assumptions and estimates, reflected in forward-looking
information, to be reasonable, based on inform ation currently available, there can be no
assurance that such information will prove to be correct. As a consequence, actual results
may differ materially from those anticipated.
Undue reliance should not be pl aced on forward-looking information which is inherently
uncertain, and subject to known and unknown ri sks and uncertainties (both general and
specific) and other factors that contribute to the possibility that the future events or
circumstances contemplated by the forward looking information will not occur or that
may cause the actual results, level of activ ity, performance or achievements of the
Company to be materially different from t hose expressed or implied by such forward-
looking information. These risks include, but are not limited to risks associated with
general economic conditions, the actual resu lts of current exploration activities,
conclusions of economic evaluations, changes in project parameters as plans continue to
be refined, future metal prices, financial risks and substantial capital requirements.
Further information regarding certain of these risks (as well as risks relating generally to
the Company's business) may be found under the headings "R isks and Uncertainties",
"Forward-Looking Information" and "Financial risk factors" in the latest Company's
Management's Discussion & Analysis on www.sedar.com. Readers are cautioned that the
foregoing list of factors that may affect futu re results is not exhaustive. The forward-
looking statements contained in this news rel ease are made as of the date hereof and GNI
does not undertake any obligation to update p ublicly or to revise any of the included
forward-looking statements, except as requi red by applicable law. The forward-looking
statements contained herein are expressly qualified by this cautionary statement.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
For more information, please contact:
Jimmy Gravel, President & CEO
Email: [email protected]