Genius Properties Undertakes an Exploration Program on its James Bay Gold Property
(firmenpresse) - SAINT-SAUVEUR, QUEBEC -- (Marketwired) -- 09/07/17 -- Genius Properties Ltd. ("Genius" or the "Corporation") (CSE: GNI)(CSE: GNI.CN)(CNSX: GNI) commences exploration program on its 100%-owned Sakami property located in the James Bay area of Quebec. The property lies between Matamec /Canadian Strategic Metals auriferous claims, and the Osisko Exploration James Bay''s 325,000 ounces gold deposit to the north.
A humus sampling campaign was conducted in 2011 by Abalor Mineral, now Genius Properties Ltd, in the southern portion of the property. Gold assay results indicated 12 samples with concentrations greater than 0.02 g/t Au with three humus specimen revealing significant gold concentrations (0.102 to 0.552 g/t Au). Overall, the geochemical contour maps, define two ''''anomalous zones" characterized by clusters of gold values greater than 0.02 g/t Au.
Genius will perform a "Metal Mobile Ion" (MMI) geochemistry survey along with dipole-dipole induced polarization and magnetometer geophysical surveys on an already established gridline. Prospection of the targeted area will also be conducted to better understand the 2011 gold humus anomalies. An exploration budget of $200,000 is proposed.
Dr. Michel Boily P.Geo, is the qualified person under NI 43-101 who has reviewed and approved the technical information contained in this document.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS:
This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation''s control. These factors include: general market and industry conditions, risks related to continuous operations and to commercialization of new technologies and other risks disclosed in the Corporation''s filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Corporation''s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Contacts:
Genius Properties Ltd.
Guy Goulet
President and CEO
(514) 294-7000
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Datum: 07.09.2017 - 09:18 Uhr
Sprache: Deutsch
News-ID 1520093
Anzahl Zeichen: 2860
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SAINT-SAUVEUR, QUEBEC
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Mining & Metals
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