Genesis Metals (GIS-V) Sept 7, '16 is pleased to provide an update on work programs for the Chevrier gold project (the "Project") near Chibougamau, Quebec.
Highlights of Work Plans
Field activities now underway comprise three elements:
Trenching program is now underway. Three trenches, excavated in 1996, are being drained to allow more detailed sampling of bedrock. In addition, three new trenches in areas considered by the Company to be prospective for gold mineralization will also be completed.
Re-logging and re-sampling of selected available drill core from previous exploration work completed on the Project is progressing. Approximately 550 samples will be collected from mineralized intervals from 17 holes. The focus of this work will be to establish a consistent description of rock lithologies that host gold mineralization and to confirm the veracity and accuracy of assays from previous work on the Project using current QA/QC protocols. This work will aid in the understanding of the controls to gold mineralization at Chevrier.
Compilation of all available exploration data is seen as leading to the identification and ranking of new targets within the 96 km2 Chevrier Project.
The Company anticipates that the core re-logging and trenching will be completed by the end of September, followed by the receipt of initial assay results in October. The results from these activities will help to define targets for a drilling program planned for early 2017.
More information on the Chevrier Gold Project can be reviewed at www.genesismetalscorp.com
Mr Andre Liboiron, P. Geo, Exploration Manager for the Company and the Qualified Person as defined within National Instrument 43-101 for the Chevrier Project has reviewed the contents of this news release.
About Genesis Metals
The Company is focused on advancing the Chevrier Gold Project located 35 km southwest of Chibougamau, Quebec. The Project is located along the Fancamp Deformation Zone, 15 km northwest of the high-grade Monster Lake gold discovery.
Genesis also owns 100% the 203 km2 October Gold project located in the southern Swayze greenstone belt in Benton Township, Ontario. This project is located 35 km northwest of IAMGold's Cote Lake deposit and 50km southeast of Goldcorp's Borden gold deposit.
ON BEHALF OF THE BOARD
Brian Groves
CEO and Director
Jeff Sundar
Executive Vice-President and Director
Genesis Metals Corp
Jeff Sundar
Telephone: 604-646-8356
Fax: 604-484-7155
Email: js@genesismetalscorp.com
Website: www.genesismetalscorp.com
Suite 1500, 409 Granville Street
Vancouver, BC
V6C 1T2 |
