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Genesis Metals Corp.
Summary
| Project: | Chevrier | |
|---|---|---|
| Deposit: | Chevrier Main Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-11-2017: Genesis Metals Corp. announces an Exploration/Drilling Update report for its Chevrier Main Zone deposit at the Chevrier project. Drilling results incl. 94.9m @ 0.93g/t Au from 91.5m. Vancouver, British Columbia – Genesis Metals Corp (TSX-V:GIS | |
| 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 remaining holes from the first phase of drilling completed at the Chevrier gold project near Chibougamau, Quebec. A second phase of 5,000 m of drilling is ongoing and expected to continue until early December. It is anticipated that a total of 10,000 meters of core drilling in approximately 50 drill holes will be completed during the 2017 program. Assay results received to-date continue to demonstrate continuity of near-surface gold mineralization within the Chevrier Main Zone. Drilling by previous operators have traced continuous gold mineralization for a minimum of 1,000 meters along strike. The Company is targeting near-surface mineralization potentially amenable to open pit mining, as well as deeper extensions potentially amenable to bulk underground mining methods. The Company plans, subject to results of Phase 1 and 2 drill programs, to complete additional drilling with the objective of estimating a NI 43 -101 compliant resource in 2018. The South Zone and up to ten other untested zones within the 120 square kilometer property remain to be evaluated. Additional mapping, sampling and mechanical trenching will be completed on other targets on the Property, with possible follow-up diamond drilling. | |
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