Genius Metals Begins VTEM Survey on A -Lake (Cu-Sn-Zn) Property in New Brunswick and provides update on Quebec and Nova Scotia projects
Genius Metals Begins VTEM Survey on A -Lake (Cu-Sn-Zn)
Property in New Brunswick and provides update on Quebec
and Nova Scotia projects
MONTREAL, July 9, 2019 (CNW) – Genius Metals Inc. (“Genius”) (CSE:GENI) is pleased to
report that a helicopter -borne time -domain electromagnetic (“VTEM”) survey will be
commenced shortly on the A -Lake Cu-Sn-Zn Property located in New Brunswick (Canada)
which is the subject of a one hundred percent earn -in option agreement between Genius
and Atlantic Vanadium Corporation (“AVC”).
The purpose of the survey is to follow -up the discovery of significant base metals (Cu, Zn,
Pb) and anomalous Sn, Mo, Bi and Ag assay values obtained from granitic samples collected
from boulder trains and trenches in the vicinity of A-Lake, Caribou Lake and East Long Lake
during the 2018 fall campaign (see press release issued February 14th 2019). The VTEM-plus
survey will be carried by Geotech Ltd. Additionally Genius has received a $30,00 0 grant
from the New Brunswick Junior Mining Assistance Programme for the completion of the
VTEM survey.
The A-Lake property is located in southern New Brunswick within the Charlotte County, NTS
map 21G07. It consists of seven claims (8866, 8840, 8864, 88 96, 8897 , 8900 and 9173)
containing 118 units covering 28.6 km2. The mineralization is found within the Late Devonian
Mount Douglas Granite units hosting endogranitic granophile element Sn-, Mo-, Zn-, Bi and
U greisen/sheeted veins. The claims are located < 20 km from the W -Mo Mount Pleasant
deposit associated with hydrothermally porphyritic granites intruding intracaldera Late
Devonian volcanic and sedimentary rocks of the Piskahegan Group.
Quebec projects: Update on Sakami and Iserhoff
MAG-IP surveys totaling respectively 25 and 51 linear km have been recently completed on
the Iserhoff and Sakami projects. Results obtained from these surveys, in association with
historical geological mapping, geochemical sampling and prior drill results, have delineated
new drill targets on both of the properties. Genius Metals intends to begin its drilling
campaign on Sakami and Iserhoff during the fall of 2019.
Nova Scotia projects: Update on Meaghers
At the Meaghers property, Genius is planning to initiate a diamond-drilling program in the
eastern part of the property targeting the southwestern extension of the Moose River -
Fifteen Miles anticline particularly its hinge and south limb where gold mineralization is
most likely to occur. Structural interpretation has recently been pursued in order to
optimize the proposed drilling program.
The Meaghers property is located in South -Central Nova Scotia within the Halifax County,
39 km NE from the Halifax-Dartmouth conglomeration. The property consists of a continuous
block of seven licenses, 100% owned by Genius, comprising 243 claims and covering 3934
ha. Access from the Halifax-Dartmouth urban center to the western end of the property is
via a paved road system, whereas several secondary roads crisscross the entir e Meaghers
property.
The property is situated <10 km from Atlantic Gold’s Touquoy Mine (Total Measured and
Indicated Reserves at Touquoy: 10.1 Mt @ 1.48 g/t Au (479,000 oz.); Staples et al., 2018).
The Meaghers property reveals similar geological and stru ctural characteristics to the
Touquoy Mine such as exposures of the gold-bearing Goldenville Formation, the presence of
warped and folded anticlines and a comparable magnetic signature.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified
Person (QP) as defined by National Instrument 43-101.
About Genius Metals Inc.
Genius Metals is a Canadian mineral exploration company focused on the acquisition,
exploration and, if warranted, development of natural resource proper ties of merit in
Canada.
The CSE has in no way passed upon the merits of the transactions and has neither approved
nor disapproved the contents of this news release. Neither the CSE nor its Regulation
Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute “forward -looking information” under
Canadian securities legislation. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as, “will be”, “expected” or variations of such
words and phrases or statements that certain actions, events or results “will” occur.
Forward-looking statements regarding the listing and trading of the Corporation’s common
shares on the CSE and the availability of a listing statement on the CSE’s website and on
SEDAR are based on the Company’s estimates and are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of the Corporation to be materially different from those
expressed or implied by such forward -looking statements or forward -looking information.
There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward -looking statements and
forward-looking information. The Corporation w ill not update any forward -looking
statements or forward -looking information that are incorporated by reference herein,
except as required by applicable securities laws.
Contact Information
Guy Goulet, President and CEO
Tel.: 579 476-7000
Email: [email protected]