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Genesis Metals Corp.
Summary
| Project: | Chevrier | |
|---|---|---|
| Deposit: | Chevrier | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2019: Genesis Metals Corp. announces a Resource Estimation report for its Chevrier deposit at the Chevrier project. Upgraded mineral resource estimate at the project. Vancouver, British Columbia – Genesis Metals Corp (TSX-V: GIS) (“Genesis” or the “Co | |
| Resources: | (Resource): 10.793Mt @ 1.22g/t Au (Ind.), 7.438Mt @ 1.27g/t Au (Inf.) | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | Vancouver, British Columbia – Genesis Metals Corp (TSX-V: GIS) (“Genesis” or the “Company") is pleased to announce a new resource estimate for the 100% owned Chevrier gold project located near Chibougamau, Quebec. This resource estimate is for both the Main Zone and East Zone on the Chevrier project. The East Zone is located approximately 10 km northeast of the Main Zone. Both zones are located within the Fancamp Deformation Corridor, a major structural break that appears to control the location of gold mineralization. Mr Brian Groves, CEO of Genesis commented “We are pleased with the results of this resource estimate as it represents a significant milestone in the history of Chevrier. Our drilling to date within the Main Zone has been for confirmation purposes and this has allowed us to develop a robust model for gold mineralization. Recommendations arising from this estimate and input from our recently strengthened technical team will help us to explore the potential for expansion of the mineralized envelopes as well as other targets on the 130 square km property”. The estimate was completed by Marc Jutras, P.Eng., M.A.Sc. of Ginto Consulting Inc. and complies with National Instrument 43-101 (“NI 43-101”) and guidelines developed in 2014 by the Canadian Institute of Mining and Metallurgy (“CIM”). Mr Jutras is a registered professional engineer in the provinces of British Columbia, Quebec and Newfoundland. Geological data were modeled for each of the Main Zone and East Zone by Daniel Gaudreault, P.Eng. of Geologica Inc. Messrs Jutras and Gaudreault are Qualified Persons (“QP”) as defined by NI 43-101 and are independent of Genesis. | |
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