Genius Metals Reports 2.62 g/t Au over 7.40 m, from Channel Samples on the Trans-Taiga Showing at Sakami
TSX-V:GENI
Genius Metals Reports 2.62 g/t Au over 7.40 m, from Channel Samples on
the Trans-Taiga Showing at Sakami
MONTRÉAL, QUÉBEC, CANADA — (November 1 6, 2021) - Genius Metals Inc. (TSX.V: GENI) (“Genius
Metals” or the “Co mpany”) is pleased to announce the results of channel sampling on its Trans-Taiga
showing located within the Sakami property. Channels R-2 and R-3 returned:
• 2.62 g/t Au over 7.40 m. (including 5.7 g/t Au over 2.50 m.) (R-3);
• 1.18 g/t Au over 3.50 m. (R-2).
This fieldwork involved a program of three channels totalising 13.40 m and containing fifteen samples.
Fourteen samples returned values >0.10 g/t Au reaching up to 14.20 g/t Au over 1.00m. All channels
remain open in both directions.
The channel sampling confirms the gold-rich nature of the showing as evidenced by previously obtained
assay values from grab samples yielding 2.63 g/t Au, 1.87 g /t Au and 1.56 g /t Au following limited
prospecting in 2020. The gold mineralization occurs in pyrite-bearing quartz stockwork within sheared
and deformed tonalite gneiss.
The channel sampling was completed during the 2021 summer prospecting campaign conducted in the
Langelier Complex. The exploration also led to the discovery of the Doukha showing located 4.6 km NW
from the Trans-Taiga showing. Grab samples on Doukha produced gold values of up to 6.10 g/t Au
accompanied by 13 g/t Ag and 1.80 % Cu . The gold is found in pyritized quartz veins with chalcopyrite
within gabbroic rocks.
The Langelier Complex consists of a Mesoarchean gneissic tonalitic to dioritic basement intruded by
Neoarchean mafic to felsic plutonic rocks. The Complex was bypassed during the exploration for gold in
the James Bay Territory which focused on greenstone belts until ju nior mining companies such has
Harfang Exploration and LaSalle Exploration recently discovered numerous high -grade gold showings .
Genius Metals secured new ground in the Langelier Complex by staking 189 claims (see PR of July 22,
2021).
The Company contracted Prospectair to produce a heliborne high-resolution MAG survey in November
2021 over the western area of the newly acquired claims which encompasses the Trans-Taiga and Doukha
showings. The survey will provide a better understanding of the complex lithology, structure and serve as
a guide for future exploration work in the area.
Click here to view the localization map.
Click here to view pictures of the mineralization
Quality Assurance and Quality Control (QA/QC)
Genius Metals implemented a strict QA/QC protocol in processing all core samples collected from the
Sakami property. The protocol included the insertion and monitoring of appropriate reference materials,
in this case certified gold standards, blanks and duplicates, to validate the accuracy and precision of the
assay results. All collected rock samples were put in sturdy plastic bags, tagged, and sealed in the field
under the supervision of professional geologists. The sample bags were then put in rice pouches and kept
securely in a field tent before being sent by truck for preparation and analysis to SGS Canada Inc. ("SGS")
in Val -D'Or, Quebec for sample preparation. The resulting pulps were analyzed in Burnaby, British
Columbia. The gold values were obtained by fire assay with an atomic absorption finish by. Values over
10 ppm Au were re-analyzed by fire assay with a gravimetry finish. Multi-element analysis was performed
using the classical aqua regia ICP -OES technique. SGS is a Canadian assay laboratory and is accredited
under ISO/IEC 17025 and ISO 9001 standards, and has its own QA/QC p rocedures in place. Over -limit
protocols are in place for gold, silver, and copper.
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 the expectations of
the Corporation’s management regarding the listing of its shares on the TSXV and delisting from the CSE,
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 thos e 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.