Genius Metals Provides a Preliminary Assessment of the IP Survey on Lithium381
Genius Metals Provides a Preliminary Assessment of the IP
Survey on Lithium381
MONTRÉAL, QUÉBEC, CANADA — (January 17th, 2022) - Genius Metals Inc. (TSXV: GENI)
(“Genius Metals” or the “Corporation”) is pleased to disclose a preliminary assessment of the IP
survey recently completed by Lithium381 property’s optionee, Clarity Metals.
IP/Resistivity Survey Preliminary Assessment
A preliminary measured resistivity contour map from the survey data shows a 1.5 km EW-oriented
zone of relative high values that may potentially correspond to granitic pegmatite bodies at
relatively shallow depth (Figure 1). The comparison with a similar IP survey completed 800 m to
the SW by Allkem in 2021 is difficult to make owing to the overburden present on the Lithium381
property relative to the widespread exposures of spodumene granitic pegmatite dykes on the
former property containing a mineralization of 40.8 Mt @1 .40 % Li2O. This difference will
translate into lower resistivity values in the 2D inv ersion model of the latter. Guy Goulet CEO of
Genius Metals mentioned: “Genius Metals and Clarity Metals eagerly await the full interpreted
data from the IP survey which will be complemented by a MAG survey, a Synthetic Aperture Radar
("SAR") and Sentinel & Aster Multispectral data surveys. The preliminary assessment of the IP
survey outlines a clear resistivity target that will guide our future exploration efforts on the
project.”
Figure 1 Preliminary resistivity results on Lithium381 Project and Allkem Limited’s 2008
IP Resistivity survey in the area of the proposed open pit. *Note the surveys are at
different scales.
Previous surveys conducted by Lithium One in 2008 (predecessor to Galaxy Lithium) and Allkem
(2021) have shown high resistive values which in part correspond to spodumene granitic
pegmatite dykes and bodies unearthed and drilled over the years (Figure 2). The last geophysical
survey completed by TMC Géophysique in 2021 indicated that the resistivity highs extended for
2.3km east of the Billy Diamond Road (James Bay Road) where spodumene granitic pegmatite
dykes were observed.
Figure 2. Contour map, apparent resistivity, Lithium One (2008)
The Lithium381 Property
The property is located in the James Bay Eeyou Istchee territory, Quebec, Canada, approximately
3km from the KM381 service station which is an infrastructure in the local area.
The 21 mineral claims comprising the 1107 ha property are contiguous to Allkem Limited’s (TSX:
AKE) James Bay Lithium property which comprises the Allkem lithium mineralization (40.8 Mt
@1.40% Li2O as Indicated Resource) formerly known as Cyr lithium.
Genius Metals signed an option agreement with Clarity Metals Corp. (CSE: CMET, OTC: CLGCF,
FSE: 27G) on December 6 th, 2022 which enables CMET to acquire a 50% interest in the
Corporation’s Lithium381 property, located in the James Bay-Eeyou Istchee region of the Province
of Quebec. In order to acquire this interest in the property, Clarity must spend $750,000 in
exploration work before December 31st, 2024 and issue 720,000 common shares of its capital to
Genius Metals.
2022 Annual Shareholders Meeting
Genius Metals will hold its 2022 Annual Shareholders Meeting on Thursday, January 19, 2023, at
10h00 am (EST).
The Company will hold the Meeting via a live webcast at https://lavery.zoom.us/j/62482126449,
where all Shareholders and their proxy holders, regardless of geographic location, will have an
equal opportunity to participate. Shareholders and proxy holders are also able to attend the
Meeting in person at 1, Place Ville Marie, 40th Floor, Montréal, Québec. Further details and
instructions about virtual participation are included in the Meeting materi als available on the
Company’s website and under Genius’s profile on www.SEDAR.com.
Qualified Person
The technical information contained in this news release was reviewed and approved by Michel
Boily, Ph.D., P. Geo, qualified person under NI 43-101.
About Genius Metals
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.
Contact Information
Genius Metals Inc.
Tel.: 579-476-7000
Pierre-Olivier Goulet
Vice-President Corporate Development
Email: [email protected]
1-450-821-5270
Guy Goulet
President and CEO
Email: [email protected]
1-514-294-7000
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 using
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, including statements relating to the exercise of the Option under the Option
Agreement and the timing and amount of Expenditures funded by Clarity and statements relating
to the expected findings on the Property, are based on the Corporation’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 will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as required by applicable securities
laws.
Neither the TSXV nor its Regulation Services Pr ovider (as that term is defined in policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release