Genius Metals to concentrate on finding lithium-bearing pegmatites on its James Bay and Abitibi Belt properties for the 2023 Summer Exploration Campaign
Genius Metals to concentrate on finding lithium-bearing
pegmatites on its James Bay and Abitibi Belt properties for the
2023 Summer Exploration Campaign
MONTRÉAL, QUÉBEC, CANADA — (June 14th, 2023) - Genius Metals Inc. (TSXV: GENI) (“Genius
Metals” or the “Co mpany”) is pleased to present its 2023 exploration program devoted to find
and sample lithium-bearing granitic pegmatites on its Sakami and Iserhoff projects located within
the prolific James Bay Territory and northern Abitibi belt of Quebec. The two projects constitute
a vast land package located in deformed greenstone belts where historical exploration was
concentrated on gold mineralization. However , the properties may hold untapped lithium
potential since no historical exploration took place targeting this commodity.
Exploration Highlights
• An exploration campaign on the Sakami property to assess the lithium potential of a vast
land package covering more than 180 km2 of the La Grande greenstone belt , in an area
never explored for its lithium mineralization. Recent discoveries in the greenstone belts
of the James Bay Territory highlight the favorable geological and structural environment
to discover lithium-bearing pegmatites.
• Historical geophysical and geochemical surveys searching for gold mineralization are being
reinterpreted from a lithium exploration perspective. Several areas showing lithium till
anomalies were discovered on the Sakami property, and these will be investigated in hope
of identifying and sampling lithium-bearing pegmatites.
• The Company has more than tripled its land package of the Abitibi belt’s Iserhoff property
by acquiring adjacent claims. South of the property, Mosaic Minerals’ Lithium SM property
hosts several lithium-bearing pegmatites and felsic intrusions.
Sakami Prospecting Campaign
Genius Metals’ 100% -owned Sakami property comprises 588 claims covering 302 km2 with more
than 180 km2 incorporating volcano-sedimentary rocks of the La Grande greenstone belt over a
length of 30 km. The greenstone belts constitute a favorable geological setting for the discovery
of lithium-bearing pegmatites since it is in structural contact with the metasedimentary Opinaca
basin. At the SW end of the La Grande greenstone belt, Harfang Exploration has discovered
lithium-bearing pegmatites in the SE portion of its Serpent -Radisson property near the Sakami
Lake (see Harfang Explorations’ October 5 th, 2022 press release ). The Sakami property remains
unexplored for its lithium potential and the company will mobilize a crew of geologists and
technicians during the summer of 2023 to discover and sample lithium -bearing pegmatites.
Attention will be given to two specific areas where significant lithium till anomalies were found
from the results of a property scale 2022 geochemical survey (Figure 1). Historical geophysical
surveys completed by the Company are currently reinterpreted to define structures favorable to
the injection of granitic plutons and associated Li-bearing pegmatite dykes. The property is located
near important infrastructures with several major powerlines in the vicinity. The Trans Taiga road
crosses the northern part of the property whereas the LG- 1 and LG -2 airports are located < 40
km from the property. During the last three years, the Company has conducted several year-round
exploration campaigns from a well-established camp on-site.
Figure 1: Significant lithium till anomalies identified from the results of a property scale
geochemical survey completed in 2022
*Genius Metals cautions that mineralization hosted on adjacent or nearby properties is not
necessarily indicative of the mineralization hosted on its properties.
Iserhoff Prospecting Campaign
The Company has reached an agreement with a private party to acquire 112 claims adjacent to
the Iserhoff property, effectively tripling the size of the property to 153 claims covering 85 km2.
The compensation paid for the acquisition will vary based on future m ilestones. 8 km south of
Iserhoff, Mosaic Minerals’ Lithium SM property shows exposures of lithium -bearing pegmatites
and felsic intrusions (Figure 2) . The Company will assess the lithium potential of the Iserhoff
property during a 2023 summer exploration campaign searching for lithium-bearing pegmatites
since the property was historically explored for gold , whereas no exploration work was
undertaken to assess its lithiu m potential . The property is accessible via a network of well-
maintained forestry roads some of which join provincial highway 113 connecting Lebel -sur-
Quévillion with Chibougamau. In 2018, the C ompany acquired a 100% interest in the property
based on a drilling campaign completed in the 1960s by O’Brien Gold Mines ’ showing a gold -
mineralized network of quartz veins injected in a 3.5 km long intermediate and felsic volcanic
assemblage. Assay results yielded anomalous gold values at shallow depth (ex: 1.40 g/t over 8.3
m, 1.24 g/t over 14.5 m , and 1.24 g/t over 5.9 m) with some associated silver, lead , and zinc
content.
Figure 2: Genius Metals’ Iserhoff property and known Au and Li showings.
*Genius Metals cautions that mineralization hosted on adjacent or nearby properties is not
necessarily indicative of the mineralization hosted on its properties.
Update on Lithium381
Genius Metals and Lithium381 optionor Clarity Metals are currently working together to decide
how to advance the project in view of the recent discoveries on adjacent properties. Allkem has
extended the strike of their known mineralization past their pit by reporting intercepts of 125m
@ 1.70 Li 2O and 72m @ 1.89% Li 2O (see Allkem Limited’s press release of May 4 th). Allkem also
considerably increased its land position adjacent to the James Bay mine through staking and
acquisitions (see Allkem Limited’s press release of May 4th). Furthermore, Brunswick Exploration
recently divulgated intercepts for a total of 26.5m @ 1.51% Li2O from its initial drill campaign
conducted on the Anatacau West property located < 2 km from Lithium381 (see Brunswick
Exploration’s press release dated May 24th, 2023). Exploration updates will be disclosed by both
parties in the near future.
Figure 3: Lithium381 Property and adjacent explorers
*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
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 a ctual results,
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