Genius Metals to Assess the Lithium Potential of the Paka Property as part of its 2023 Summer Exploration Campaign
Genius Metals to Assess the Lithium Potential of the Paka
Property as part of its 2023 Summer Exploration Campaign
MONTRÉAL, QUÉBEC, CANADA — (July 12, 2023) - Genius Metals Inc. (TSXV: GENI) (“Genius
Metals” or the “Co mpany”) is pleased to announce the imminent property-wide prospection
campaign on its recently acquired Paka property located approximately 8 kilometers SE of the
Corvette property owned by Patriot Battery Metals (TSXV:PMET).
2023 Exploration Campaign
The exploration follows the Company’s intent to assess the lithium potential of the Sakami and
Iserhoff properties (see Genius’ press release dated June 14, 2023 ). The Paka prospecting
campaign will identify and sample lithium-bearing pegmatites as soon as the current restrictions
related to forest fires are lifted. The database from the Ministère des Ressources Naturelles du
Québec has identified several granitic outcrops, often pegmatitic on the Paka property and the
surrounding areas. Those outcrops will be investiga ted by the Company as priority targets . The
property has received limited exploration ; only two assayed samples were reported from the
property.
*Genius Metals cautions that mineralization hosted on adjacent or nearby properties is not
necessarily indicative of the mineralization hosted on its properties.
About the Paka Property
On June 27, 2023, the Company announced that it had completed the acquisition of 100% interest
in the Paka lithium propert y located approximately 8 kilometers SE of the Corvette property
owned by Patriot Battery Metals (TSX V:PMET). The property is made of 189 contiguous claims
covering more than 97 km2 and is located in the Archean La Grande greenstone belt where recent
discoveries of lithium mineralization (i.e., Cancet, Corvette, Adina, James Bay and Wabouchi)
attest to the high lithium potential of the region (figure 1). The Paka property is surrounded by
numerous biotite-muscovite granitic plutons which are commonly as sociated with LCT (lithium -
cesium-tantalum) granitic pegmatite dykes. There are major structural breaks on the property and
the surrounding areas which constitute pathways for the intrusion of late -stage granites and
granitic pegmatites with high lithium potential. The vegetal cover is sparse and the claim ground
is covered by glacial till and lacustrine sediments. There are numerous small lakes and bogs and
the density of outcrops is poor to moderate.
On July 7, 2023, the Company has received the formal approbation from the TSX Venture
Exchange for the acquisition of the Paka property.
*Genius Metals cautions that mineralization hosted on adjacent or nearby properties is not
necessarily indicative of the mineralization hosted on its properties.
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
Figure 1: Location of the Paka lithium property
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 anti cipated 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.