Genius Metals Starts Drilling on the Trans-Taïga Showing at Sakami
MONTRÉAL, Feb. 16, 2022 - Genius Metals Inc. (TSXV: GENI) (OTCQB: GNSMF) ("Genius Metals" or the "Company") is pleased to report the start of a 500m winter drilling program on the Trans-Taïga showing at Sakami located in the James Bay Territory of Québec. The intent is to assess the extension at depth of the gold mineralization discovered at surface through rock and channel sampling completed in the Langelier Complex during previous prospecting campaigns. The Company reported significant gold mineralization at surface including a channel sample returning 2.62 g/t Au over 7.40 m (including 14.2 g/t over 1m) and rock samples that yielded up to 6.10 g/t Au and 1.80 % Cu (see Genius' press-release of November 16th, 2021). The mineralization occurs in association with rusty/pyritized quartz veins and veinlets possibly associated with a shear zone in a tonalitic orthogneiss. The drill core will be transported to Laurentia Exploration's core shack in Jonquière, Québec where it will be logged, cut and sent for multi-elements analysis to a certified laboratory. The company intends to explore the newly acquired ground in the Langelier Complex through overburden stripping, extensive rock grab and channel sampling and soil/till geochemistry during the upcoming summer. A high-resolution heliborne MAG survey was recently completed over the new claims.
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.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Genius Metals Inc.
Contact
Genius Metals Inc., Tel: 579-476-7000; Pierre-Olivier Goulet, Vice-President Corporate Development, Email: pogoulet@geniusmetals.com, 1-450-821-5270; Guy Goulet, President and CEO, Email: ggoulet@geniusmetals.com, 1-514-294-7000
