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Genesis Metals Corp.
Summary
| Project: | Chevrier | |
|---|---|---|
| Deposit: | Chevrier | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2018: Genesis Metals Corp. announces an Exploration/Drilling Update report for its Chevrier deposit at the Chevrier project. Drilling results incl. 21.35m @ 8.73g/t Au from 107.45m. Vancouver, British Columbia – Genesis Metals Corp (TSX-V:GIS) (“Gene | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andre Liboiron (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – Genesis Metals Corp (TSX-V:GIS) (“Genesis” or the “Company") is pleased to announce the results from the second phase of drilling completed at the Chevrier gold project (the “Project”) near Chibougamau, Quebec. Brian Groves, CEO of Genesis commented “We are very pleased with these new results as they now appear to define a near surface zone of higher grade with the potential for expansion at depth. We will now focus on refining our geological model for the Main Zone as we work towards an updated global resource for Chevrier in 2018.” The Company has identified key controls to gold mineralization within the Main Zone. Gold essentially correlates with higher percentages of veins which are themselves hosted in a larger sheared zone characterized by mylonitic texture and strong ankerite-fuchsite-tourmaline-silica alteration. Using these recently identified criteria Company geologists are focusing on the completion of updated models for gold grade distribution within the Main Zone. Those models will be integral components for a revised global resource estimate due to be completed in 2018. Additional information including Main Zone drilling cross-sections, a map showing locations of the 18 holes within the Main Zone and complete results from all drilling (including results from holes drilled in an area 5 km north of the Main Zone) are available on the Company’s website at http://www.genesismetalscorp.com/projects/chevrier/exploration/ | |
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