Genius Metals completed Geophysics on its Iserhoff and Sakami projects and plans drilling.
Genius Metals completed Geophysics on its Iserhoff and
Sakami projects and plans drilling.
St-Sauveur, Québec − (CNW – April 2nd , 2019) Genius Metals is pleased to announce the
completion of two ground-based geophysics surveys on its gold-bearing Iserhoff and Sakami
properties and plans to launch, during the spring of 2019, a 2000-3000 meters drilling campaign
distributed equally between the two properties.
MAG-IP surveys totaling respectively 25 and 51 linear km have been recently completed on the
Iserhoff and Sakami projects. The drilling targets were chosen based on the results of these
surveys plus geological mapping and rock sampling by MERNQ and historical drilling results
undertaken by mining companies.
The Is erhoff property is located 55 km NNE of Lebel -sur-Quévillon in the Northern Abitibi
Greenstone Belt. The gold property comprises 51 mining claims totaling 28.5 km², 100% owned
by Genius Metals. It can be accessed by a network of forestry roads some of which join provincial
highway 113 connecting Lebel -sur-Quévillion and Chibougamau. The impetus for drilling is in
part based on O’Brien Gold Mines drilling campaign results on a network of quartz veins injected
in intermediate and felsic volcanics 3.5 km along strike and yielding anomalous gold values at
shallow depth (ex: 1.40 g/t @ 8.3 m, 1.24 g/t @ 14.5 m and 1.24 g/t @ 5.9 m) with locally,
some associated silver, lead and zinc content.
The Sakami property, located in the James Bay Territory of the Province of Quebec, straddles
the structural contact between the Opinaca and La Grande Archean subprovinces. The gold
property consists of 148 claims totaling 76.2 km2 and 100% owned by Genius Metals. A series of
large faults orientated NE-SW extends 14 km southwest to the Quebec Precious Metals property
where significant gold values were unearthed by drilling. The Sakami property displays diverse
lithologies showing signs of a lteration and/or gold mineralization (Au =1 to 5 g/t) principally
associated with pyritized, sericitized mylonitic or sheared zones. Most of the drilling targets in
the northeast property area are associated with secondary sheared and/or mylonitized zones
and sulphide -rich gold -bearing basalts, whereas to the southwest, chargeability anomalies
provided suitable targets.
The technical contents of this release were approved by Michel Boily, PhD, P.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 properties of merit in Canada.
The CSE has in no way passed upon the merits of thetransactions 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 theCorporation’s common shares on the CSEand
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, performanceor 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 will not update
any forward -looking state ments or forward -looking information that are incorporated by
reference herein, except as required by applicable securities laws.
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Contact Information
Guy Goulet, President and CEO
Tel.: 579 476-7000
Email: [email protected]