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Genius Properties Ltd.
Summary
| Project: | Sakami | |
|---|---|---|
| Deposit: | Sakami | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-9-2018: Genius Properties Ltd. announces an Exploration/Drilling Update report for its Sakami deposit at the Sakami project. Summary of exploration being completed on property. The Sakami property, located in the James Bay area of the Province of Quebe | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michel Boily (Geon Ltee) | |
| 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 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 Sakami property displays diverse lithologies showing signs of alteration and/or gold mineralization (Au =1 to 5 g/t) principally associated with mylonitic or sheared zones. Exploration work carried out by Abalor during the 2011 and 2012 summer seasons started with the establishment of gridlines in the southwestern and northeastern (Sipanikaw) sectors of the property. Grab rock sampling along the Sipanikaw gridlines yielded several lithological types, the most interesting being sericitized, oxidized or brecciated volcanic rocks and schists containing sulphide. Of the 47 rock samples collected, fourteen (10%) display gold values > 100 ppb, with four rock specimen with significant concentrations (0.32 to 1.21 g/t Au). A humus sampling campaign was conducted on the southwestern grid. Gold assay results indicated that 12 samples (2 %) display concentrations greater than 0.020 g/t (0.020 to 0.552 g/t), with three humus specimen having significant concentrations (0.102 to 0.552 g/t Au). Overall, the geochemical contour maps, define two “anomalous zones” which are characterized by clusters of gold values > 0.020 g/t Au. | |
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