Genius Metals Provides an Update on Lithium381
Genius Metals Provides an Update on Lithium381
MONTRÉAL, QUÉBEC, CANADA — (January 10th, 202 3) - Genius Metals Inc. (TSXV: GENI)
(“Genius Metals” or the “Corporation”) is pleased to provide an update on the exploration
progress at the Lithium381 property. The optionee of this property , Clarity Metals Corp. has
completed the following exploration work:
• Induced Polarization and Resistivity survey using a 100m line spacing and 25m dipole -
dipole measurements
• Remote sensing survey including the acquisition, processing, analysis, and interpretation
of Synthetic Aperture Radar ("SAR") and Sentinel & Aster Multispectral data
• 160 linear kilometer triaxial magnetometer survey at a 75m line spacing.
• Follow up exploration including permitting preparation.
The results of the three surveys are pending. Upon receipt and interpretation of the results,
Genius and Clarity will identify targets that will be investigated through drilling shortly.
The Lithium381 Property
The property is located in the James-Bay Eeyou Istchee territory, Quebec, Canada, approximately
3km from the KM381 service station which provides infrastructure to the local area.
The 21 mineral claims comprising the 1107 ha property are contiguous are to Allkem Limited’s
(TSX: AKE) James Bay Lithium property which comprises the Allkem lithium deposit (40.8 Mt
@1.40% Li2O as Indicated Resource) formerly known as the Cyr deposit (Figure 1).
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.
Figure 1. Location of Lithium381 Project showing nearby properties and total pit outline on Allkem’s
James Bay Lithium Project from the Allkem Feasibility Study
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 Optio n
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 t hat 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 Provider (as that term is defined in policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release