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Genesis Metals Drills 40.89 g/t gold over 3.4m at Mole Zone, Chevrier Gold Project, Quebec

Feb 4, 2021

Genesis Metals Corp. is reporting assay results from the final 5 holes (1,320 metres) drilled as part of its recently completed 2020 Phase II (25 hole, 6,208 metre) diamond drilling program. The Chevrier Gold Project is located in the eastern Abitibi Greenstone Belt of Central Quebec. All holes reported herein are from the Mole zone, located ~750 metres northeast of the Fox zone where a number of the previously reported Phase II high-grade drill holes were located. 

Highlights include*:

  • 40.89 g/t gold over 3.40 metres in hole GM-20-88 starting at 41.20 metres down hole, within a wider zone assaying 10.03 g/t gold over 15.10 metres starting at 37.05 metres down hole (Photo 1)
  • 4.89 g/t gold over 3.80 metres in hole GM-20-88 starting at 157.00 metres down hole, within a wider zone assaying 1.10 g/t gold over 37.25 metres starting at 132.05 metres down hole
  • 114.0 g/t gold over 1.00 metre in hole GM-20-89 starting at 137.00 metres down hole
  • 2.69 g/t gold over 9.75 metres in hole GM-20-89 starting at 225.25 metres down hole, within a wider zone assaying 1.43 g/t gold over 33.00 metres starting at 216.00 metres down hole

*Insufficient drilling has been completed to definitively determine true thickness; true thickness is estimated to be between 65-90% for holes GM-20-87 to -91 based on angle to core axis and 3D interpretation 

The objective of the Phase II program was to continue drill testing the extensions and down plunge continuity of newly recognized high-grade gold shoots within and near the Chevrier Main deposit area (1.2 km by 0.2 km), and to delineate their boundaries and mineralized volumes within and below the pit shell from the 2019 mineral resource estimate. Results included in this news release are all from the Mole zone, located on Figure 1.

Genesis Metals CEO Dr. David Terry stated, "We are very pleased that drilling at the Mole zone, approximately 750 metres northeast of the Fox zone, has intercepted multiple high-grade gold intervals, both near surface and at deeper levels slightly below the 2019 mineral resource pit shell. Future drilling will test the extent of the new high-grade shoot at Mole. We will be updating our Chevrier Main deposit model to reflect the new 2020 drilling results in addition to the sampling of approximately 800 metres of historic core, in order to plan the appropriate next exploration steps in the area. Meanwhile we are excited to move forward with an initial drill test of Till Targets #1 and #2 east of the Chevrier East deposit this winter."

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