TSX-V:GENI
MONTRÉAL, Jan. 11, 2022 /CNW/ -
Genius Metals Inc. (TSXV: GENI) ("Genius Metals" or the "Company")
is pleased to present the details of its fully-funded 2022
exploration campaign to be carried out on its Sakami property
located in the James Bay Territory, Quebec.
Winter Drilling Campaign on the
Trans-Taïga Showing
Following the discovery of significant gold intersections,
obtained through channel sampling on the Trans-Taiga showing (e.g.,
2.62 g/t Au over 7.40 m. (including
5.7 g/t over 2.50 m.) and 1.18
g/t Au over 3.50 m; Press release
of November 16, 2021), Genius
Metals will implement a 500 m
drilling campaign to test this mineralization at depth. It is
anticipated that the program will commence in February 2022.
Extension of the Resistivity/IP Survey on the GoldenEye
Showing
A 35 km long Resistivity/IP survey will be conducted on the
GoldenEye showing, extending westward the previous survey completed
in 2018. Geophysique TMC has been contracted to perform the
survey due to start in the 3rd week of February 2022. The objective is to verify the
extension of the linear gold-bearing structure outlined by a prior
drill program.
High Resolution MAG Survey on the Langelier Complex
The Company also contracted Prospectair Geosurveys Inc.
to undertake a heliborne high-resolution MAG survey in January 2022 over the western part of the newly
acquired claims that encompass the Trans-Taiga and Doukha showings.
The survey is intended to provide a better understanding of the
complex lithology/ structure and to serve as a guide for future
exploration work in the area.
The Langelier Complex consists of a Mesoarchean gneissic
tonalitic to dioritic basement intruded by Neoarchean mafic to
felsic plutonic rocks. The Complex was bypassed during earlier
exploration for gold in the James Bay Territory which focused on
greenstone belts. Recently however junior mining companies
Harfang Exploration Inc. and LaSalle Exploration
Corp. discovered numerous high-grade gold showings in this type
of geological environment. Genius Metals secured new ground in the
Langelier Complex by staking 189 claims (see PR of July 22, 2021).
Spring 2022 Drilling Program
The Company intends to carry out a 3000m drilling campaign in the spring of 2022
based on the results obtained during its previous drilling
campaign. Gold prospective zones identified in 2021 through
geophysical surveying, geological mapping and rock sampling will
also be investigated.
To view the grid on which a Resistivity/IP survey will be
conducted please click here Figure 1.
Qualified Person
The technical information contained in this news release was
reviewed and approved by Michel
Boily, Ph.D., P. Geo, qualified person under NI 43-101.
About Genius Metals
Genius Metals is a Canadian mineral exploration company focused
on the acquisition, exploration and, if warranted, development of
natural resource properties of merit in Canada.
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute
"forward-looking information" under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, "will
be", "expected" or variations of such words and phrases or
statements that certain actions, events or results "will" occur.
Forward-looking statements, including the expectations of the
Corporation's management regarding the listing of its shares on the
TSXV and delisting from the CSE, are based on the Corporation's
estimates and are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Corporation to be
materially different from those expressed or implied by such
forward-looking statements or forward-looking information. There
can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements and
forward-looking information. The Corporation will not update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws.
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SOURCE Genius Metals Inc.