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Genius Properties Ltd.
Summary
| Project: | Meaghers | |
|---|---|---|
| Deposit: | Meaghers | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-7-2018: Genius Properties Ltd. announces a Supporting Acquisition report for its Meaghers deposit at the Meaghers project. Report summarising property in support of acquisition. The exploration of the Meaghers property, located in Nova Scotia, Canada, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michel Boily (Geon Ltee) | |
| ABSTRACT: | The exploration of the Meaghers property, located in Nova Scotia, Canada, represents an opportunity to evaluate the gold potential of a relatively unknown territory located < 10 km from Atlantic Gold’s Touquoy Mine (Total Measured and Indicated Reserves of 10.1 Mt @ 1.48 g/t Au (479,000 oz.); Staples et al., 2018). The property reveals similar geological and structural characteristics to that of the Touquoy Mine, such as exposures of the gold-bearing Goldenville Formation, the presence of warped and folded anticlines and a comparable magnetic signature. The Meaghers property is located in South-Central Nova Scotia within the Halifax County, 39 km NE from the Halifax-Dartmouth conglomeration. The property consists of a continuous block of seven licenses, 100% owned by Genius Properties Ltd., comprising 243 claims and covering 3934 ha. Access from Halifax-Dartmouth urban center to the western end of the property is by a paved road system, whereas several secondary roads crisscross the entire Meaghers property. The Meaghers property forms part of the Meguma Terrane of southeastern Nova Scotia. It is underlain by folded Cambro-Ordovician age sedimentary sequences of the Meguma Group and extensive Mid-Devonian granitoids. The Meguma Group consists of the Cambrian Goldenville Formation, conformably overlain by black slate of the Cambrian-Ordovician Halifax Formation. The Goldenville Formation forms the lowermost part of the Meguma Group, underlies most of the Goldenville mining properties and is host to most of the known gold deposits in the province. The Goldenville Formation is dominated by metamorphosed sandstones rich in quartz, sodic plagioclase, and matrix altered to secondary chlorite. Sandstones are interbedded with subordinate amounts of grey-green laminated and unlaminated slate. The Halifax Formation forms the upper part of the Meguma Group and typically consists of well-cleaved black slates and rusty-weathering thin- to very thin- bedded siltstones. The formation contains finegrained, dark slates that carry a significant amount of iron sulphide, including pyrite, pyrrhotite and arsenopyrite. | |
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