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Genius Properties Ltd.
Summary
| Project: | Sakami | |
|---|---|---|
| Deposit: | Sakami | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-10-2017: Genius Properties Ltd. announces a Supporting Acquisition report for its Sakami deposit at the Sakami project. Summary of property in support of acquisition. The Sakami property, located in the James Bay area of the Province of Quebec, straddl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michel Boily (Independent) | |
| ABSTRACT: | The Sakami property, located in the James Bay area of the Province of Quebec, straddles the structural contact between the Opinaca and La Grande Archean subprovinces which exposes a significant number of gold showings related to sulphide-rich quartz veins in iron formations and shear zones. The property consists of two distinct blocks of 128 non-continuous mineral claims totalling 6,574 ha or 65.7 km2 which are 100% owned by Genius Properties Ltd. The latter acquired a 100% interest in the Sakami property from Abalor Minerals Ltd. The La Grande subprovince is an EW-oriented Archean volcano-plutonic assemblage composed of an ancient tonalitic basement, several westward-younging volcano-sedimentary greenstone belts and of multiple ultramafic to felsic intrusions whereas the Opinaca Subprovince exposes several injections of white-pink monzogranites and pegmatitic monzogranites in a vast assemblage of metamorphosed sediments assigned to the Laguiche Group. The author recommends performing a magnetic survey on the Sipanikaw gridline which will easily identified the high magnetic signature of the iron formations and the trace of the various shear zones. In the southeastern part of the Sakami property, the author proposes a ground-based 1 mag survey along the refurbished gridlines used for the humus sampling campaign. Both surveys aim to define drilling targets. | |
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