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Genesis Metals Corp.
Summary
| Project: | Chevrier | |
|---|---|---|
| Deposit: | Chevrier | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2016: Genesis Metals Corp. announces an Exploration/Drilling Update report for its Chevrier deposit at the Chevrier project. Re-sampling of historic core gives 23m @ 2.77g/t Au. 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 results from resampling of drill core from programs previously conducted by other companies between 1989 to 2008 and new trench sampling results at its the 100% owned Chevrier gold project (the “Project”) near Chibougamau, Quebec. These new results complement news issued by the Company on November 17, 2016. The Company resampled 14 core intervals from 14 core drill holes from the Chevrier main zone to validate both higher and lower gold grades. A total of 574 samples were analysed. The reassayed intervals are from 9 holes drilled by Geonova during 1996 and 1997 and 5 holes drilled by Minnova during 1989 to 1991. Results from re-assaying of Geonova holes are presented herein. The Company expects to receive all remaining assays from re-sampling of Minnova holes by the end of this week. Genesis’ CEO Brian Groves commented, “The results from our resampling and analysis of existing drill core from work by other companies carried out prior to National Instrument 43-101 provides a high level of confidence in the results of previous work. These results and those still awaited are building a foundation for the Company’s further assessment of the known gold mineralization at Chevrier and the entire prospective greenstone belt. We believe this systematic, patient, low budget activity continues to confirm our confidence in the potential of the Chevrier Project.” | |
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