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Genius Metals to Launch Drilling Campaign on Sakami Project

Mining News - Published on Wed, 01 Apr 2020

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Genius Metals Inc has provided an update on the proposed drilling campaign at Sakami, on its drilling campaign at Iserhoff, and the exploration work at A-Lake. The company will conduct a 1,000m minimum drilling campaign on its Sakami property. The drilling will target the most gold prospective sites defined by recently completed ground-based and helicopter-borne geophysics and analyses from rock samples collected in October 2019. Genius will test two types of geological settings: 1) Sulphide-rich mylonites in amphibolitic rocks. These rocks are associated with magnetic highs and are not conductive, 2) Sulphide-rich iron formations exposed with chert beds and other metasediments identified by magnetic highs and moderate TDEM anomalies.

The program is planned for the end of summer 2020 when the meteorological conditions are the most favorable to perform the drilling in this area.

Immediately south of Genius' claims, Québec Precious Metals Corporation has announced a 25 000m drilling program for the year 2020. The drilling program was designed to focus on: 1) expanding the La Pointe deposit and the Simon new high grade discovery with results that include 14.20 g/t Au over 2 m, 5.05 g/t Au over 5.06 m, and 4.66 g/t Au over 3.50 m; and 2) testing additional new targets across the 13-km mineralized trend striking SSW-NNE that includes the Apple, Péninsule, JR and Île showings (with gold mineralization detected in drill holes, grab and trench samples).

To the South-West, Azimut Exploration is commencing a 6,000-metre (30-hole) diamond drilling program. The objective is to expand the Patwon gold discovery recently reported on the Property, which consists in multiple substantial drill hole intersections including 3.12 g/t Au over 102.0 m (see AZM's press release of March 18, 2020). -Note: Azimut announced a temporary halt of the drilling work

The mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

The Sakami property is located in the James Bay area of the Province of Quebec. The property overlies island and shore areas of the northeastern Sakami Reservoir and is constituted of 148 noncontinuous mineral claims totaling 7,615 ha. The property is 100% owned by Genius Metals. Rocks of the Sakami property belongs to the La Grande and Opinaca geological subprovinces. The investigated northern segment of the property straddles the sheared/thrusted and deformed contact between the la Grande (Yasinski Group) and Opinaca (Laguiche Group) subprovinces. Layers of garnet amphibolite and metasediments are observed near the shear contact. Felsic schists and dykes are commonly associated with mylonite zones. Hydrothermally altered exhalites, sulfide-rich cherts and sulfide/oxide/silicate iron formations are also exposed.

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.

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Posted By : Rabi Wangkhem on Wed, 01 Apr 2020
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