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Genesis Metals Corp.
Summary
| Project: | Chevrier | |
|---|---|---|
| Deposit: | Chevrier | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2017: Genesis Metals Corp. announces an Exploration/Drilling Update report for its Chevrier deposit at the Chevrier project. Drilling results incl. 37.4m @ 2.94g/t Au from 74.6m. Vancouver, British Columbia – Genesis Metals Corp (TSX-V:GIS) (“Genesis | |
| 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 trenching activities and from the first 9 holes of the Phase 1 drilling program recently completed at the Chevrier gold project (the “Project” or “Property”) near Chibougamau, Quebec. The Company plans to complete a total of 50 holes in the two phases of the current drilling program. Genesis’ CEO Brian Groves commented, “We are pleased with the success of the first twinned hole into the Main Zone and the discovery of a new area of gold mineralization in the northeast quadrant of the Property. These results lay the groundwork for further testing of the southern-most area within the Main Zone and the new area of gold mineralization discovered within Trench 29. The results from hole GM17-09 are considered significant in that the tenor of gold mineralization within this part of the Main Zone may suggest an area for possible expansion of the zone. The Company believes that the results from hole GM17-09 compare very favourably to those obtained by Geonova in hole GFA-201. Results from the latter hole indicate 2.62 g/t gold over 33.4 m including 6.67 g/t gold over 5.00 m. Readers are cautioned that the preceding results from Geonova are not compliant with NI 43-101 but the Company believes that the close correlation of these results and those obtained from the current drilling program would suggest that the Geonova results are reliable and representative of mineralization in this part of the Main Zone. | |
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