Announcement Date: 2021-11-16
Announcement Type: Exploration Update
Announcement Code: NI43-101
Company name: Genius Metals Inc.
Project name: Sakami
Location: Canada
Commodities: Gold
Highlight: 2.62g/t Au over 7.4m in channel sampling
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: MONTRÉAL, QUÉBEC, CANADA — (November 16, 2021) – Genius Metals Inc. (TSX.V: GENI) (“Genius Metals” or the “Company”) is pleased to announce the results of channel sampling on its Trans-Taiga showing located within the Sakami property. Channels R-2 and R-3 returned This fieldwork involved a program of three channels totalising 13.40 m and containing fifteen samples. Fourteen samples returned values >0.10 g/t Au reaching up to 14.20 g/t Au over 1.00m. All channels remain open in both directions. The channel sampling confirms the gold-rich nature of the showing as evidenced by previously obtained assay values from grab samples yielding 2.63 g/t Au, 1.87 g/t Au and 1.56 g/t Au following limited prospecting in 2020. The gold mineralization occurs in pyrite-bearing quartz stockwork within sheared and deformed tonalite gneiss. The channel sampling was completed during the 2021 summer prospecting campaign conducted in the Langelier Complex. The exploration also led to the discovery of the Doukha showing located 4.6 km NW from the Trans-Taiga showing. Grab samples on Doukha produced gold values of up to 6.10 g/t Au accompanied by 13 g/t Ag and 1.80 % Cu. The gold is found in pyritized quartz veins with chalcopyrite within gabbroic rocks.
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