Vancouver, British Columbia – Genesis Metals Corp (TSX-V: GIS) (“Genesis” or the “Company") is pleased to provide an update on the results of modeling of gold mineralization within the Main Zone at the Chevrier gold project near Chibougamau, Quebec.
It is the first time after the drilling of 213 drill holes over 29 years that a comprehensive and robust geological model has been developed. This work largely dispels the previous notion that continuity of gold mineralization was lacking. The modelling correlates elevated gold grades with several geological parameters. This new modelling creates a foundation for a revised resource estimate at Chevrier; for which a high level of confidence can be held.
Brian Groves, CEO of Genesis commented “Our Quebec based geological team’s exhaustive reinterpretation of the geology and controls to gold mineralization at the Main Zone is a quantum advance for this project.
The mineralization extends over a currently defined total strike length of more than 1.2 km and shows vertical continuity to a depth of 525m. It is still open at depth.
The width of mineralized rock package, which comprises several sub-parallel lenses, is approximately 250 meters.
Gold grades are associated with quartz, ankeritie, sericite, pyrite, fuchite, and tourmaline alteration. Those alteration minerals are present in both veins/veinlets and host rock.
The bulk of gold mineralization is hosted in a gabbro, but is in close proximity to the host rock contact. This is typical of Archean, shear-hosted, orogenic lode gold deposits.
The Principal Zone consisting of two bodies within the broader mineralized envelope is up to 35.0 m true thickness.
In addition several Sub-zones have been identified which have potential for additional resources.
The figures below provide snapshots in both plan and section of the new geological interpretation.
Figure 1 : Plan view of the Chevrier Main zone (370 level) showing the 2 principal mineralized zones in purple, the satellites sub-zones in red and the trace of 2017 DDH in black.
Figure 2 : Long section of Chevrier Main Zone (looking north west) showing the 2 principal mineralized zones in purple, the satellites sub-zones in red and the trace of 2017 DDH in black.
The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the Property. Quality control for field sampling and drill samples at the Company's projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. Actlabs in Ancaster, Ontario, Canada (ISO 17025 certification) assayed all rock and core samples from the current field program using fire assay and atomic absorption finish for gold and gravimetric finish if gold grades exceeded 5 g/t Au.
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 northeast of the high-grade Monster Lake gold deposit and 15 km northwest of the past producing Joe Mann gold mine.