Generation Mining Options Alberta Zinc Project
1700-80 Richmond Street West Phone: 416 567-2440
Toronto, Ontario, Canada M5H 2A4 Email: [email protected]
GENERATION MINING OPTIONS ALBERTA ZINC PROJECT
Toronto, Ontario – May 14, 2018 – Generation Mining Limited (CSE: GENM) (the “ Company”) is
pleased to announce that it has entered an option agreement to acquire a 100% interest in the Alberta
Zinc Project. The project is located along the Mackenzie Highway approximately 80 kilometres from the
town of High Level, Alberta, and has excellent infrastructure with paved highway and a rail line crossing
the claims.
The 60,000 -hectare property covers an area thought to be the source of a 4,000 square -km zinc
(sphalerite) anomaly. It is thought that this world class dispersion train may have originated from a
very large source, likely sedex in nature. The property is located along Great Slave Lake Shear Zone in
the Western Canada Sedimentary Basin which hosts the Pine Point zinc camp about 330 kilometres
northeast. The area of the property is covered by glacial till ranging from 15 -50 metres in depth, with
few outcrops.
To acquire its interest, the Company will pay $10,000 and 500,000 common shares upon signing the
agreement, and commit to a minimum of $100,000 in expenditures on the property by December 8,
2018, make a further payment of $50,000 (payable in cash or shares) on the first anniversary date and
spend an additional $200,000 before the second anniversary of the agreement. The property is subject
to a 2% gross metals royalty, of which half can be purchased by the Company at any time for $1 million.
The zinc anomaly was discovered by the Geological Survey of Canada (Open File 7541, 2014). The
property is located east of the zinc anomaly, in an area thought to be “up ice” from the dispersion train.
In 1990, an oil drill hole intersected 10 metres grading 3.7% zinc at approximately 1200 metres in depth.
However, it is thought that the source of the zinc anomaly would have to be hosted by Cretaceous
sedimentary bedrock at or very near the contact with the glacial till. Lead -isotope analysis by the GSC
indicates that the sphalerite grains found in the glacial till were not a product of the Pine Point deposits,
but rather are “interpreted to be the result of glacial erosion of undiscovered proximal Zn
mineralization”.
The Company plans to conduct more detailed sampling during the coming summer season, potentially
followed by geophysics and drilling towards the end of the year.
The Company also announces that it has granted an aggregate of 3,000,000 options to purchase common
shares of the Company exercisable at a price of $ 0.10 per share for a period of five years, to certain
officers, directors and consultants of the Company, in accordance with the terms of the Company’s stock
option plan.
1700-80 Richmond Street West Phone: 416 567-2440
Toronto, Ontario, Canada M5H 2A4 Email: [email protected]
Stephen Reford, P.Eng., Director of the Company, a “Qualified Person” under National Instrument 43-101
– Standards of Disclosure for Mineral Projects , has reviewed and approved the technical information
presented in this press release
About Generation Mining Limited
Generation Mining Limited is a base and precious metals exploration and development company with
various property interests throughout Canada. Its primary business objective is to explore and further
develop the Davidson Molybdenum project in British Columbia and its other mineral properties, a nd to
continue to increase its portfolio of base and precious metal property assets through acquisitions.
For further information please contact:
Jamie Levy
President and Chief Executive Officer
(416) 567-2440
Forward-Looking Information
This release includes certain statements that may be deemed “forward -looking statements”. All
statements in this release, other than statements of historical facts, that address future production,
reserve potential, exploration drilling, exploitation activities and events or developments that the
Company expects are forward -looking statements. Although the Company believes the expectations
expressed in such statements are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ materially from those in the
statements. There are certain fa ctors that could cause actual results to differ materially from those in
forward-looking statements. These include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general economic, market or busin ess conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual
results or developments may differ materially from those projected in the forward-looking statements. For
more information on the Company, investors are encouraged to review the Company’s public filings at
www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward -
looking statements, whether as a result of new informat ion, future events or otherwise, other than as
required by law.