Genesis Metals Reports Multiple High-Grade Gold Intercepts for Chevrier Gold Project, Quebec
Genesis Metals Corp. reports assay results from the remaining five holes completed as part of its 2020 diamond drilling program. The Chevrier Gold Project is in the eastern Abitibi Greenstone Belt of Central Quebec; results from holes GM-20-59 to 62 were reported by the Company on June 2, 2020.
The objective of the Phase I program was to drill test the down plunge continuity of newly recognized high-grade gold shoots within the Chevrier Main deposit (1.2 km by 0.2 km) area. Results from holes GM20-63, 64 and 65 indicate that high-grade gold mineralized shoots are continuous down plunge, traceable over significant distances (>200 metres) and occur within wider gold mineralized envelopes (GM-20-63, 64). Furthermore, Genesis has identified additional potential high-grade gold mineralized shoots (and related envelopes) within and below the 2019 current mineral resource pit shell that require additional exploration drilling.
Drill results highlights include*:
- 9.71 g/t gold over 3.65 metres in hole GM-20-63 starting at 89.5 metres down hole, within a wider zone assaying 1.93 g/t gold over 76.00 metres
- 9.73 g/t gold over 4.5 metres in GM20-64 starting at 113.5 metres down hole, within a wider zone assaying 1.65 g/t gold over 84.00 metres
- 9.64 g/t gold over 2.3 metres in GM20-64 starting at 162.5 metres down hole
- 14.40 g/t gold over 2.20 metres in GM20-64 starting at 182.50 metres down hole
- 5.57 g/t gold over 3.20 metres in GM20-65 starting at 143.00 metres down hole
- 5.14 g/t gold over 3.95 metres in GM20-65 starting at 213.30 metres down hole
- 7.88 g/t gold over 3.10 metres in GM20-65 starting at 227.5 metres down hole
*Insufficient drilling has been completed to definitively determine true thickness; true thickness is estimated to be between 25-50% for holes GM-20-63-65 and 60-80% for GM-20-66,67
Genesis Metals CEO Dr. David Terry noted, "We are encouraged by the gold grades intersected and apparent continuity in the initial drill holes targeting structurally controlled higher-grade shoots. The program so far has had a high success rate, and we look forward to additional drilling to better define this new high-grade component of the deposit, and to results from the ongoing surface exploration program focused on advancing priority targets elsewhere on the large Chevrier project."
The Genesis technical team has recognized a previously under-appreciated and poorly defined higher-grade component to the Chevrier Main gold deposit. A new 3D model has been constructed to better understand the distribution and controls on higher-grade gold mineralization which was utilized to plan and execute the Phase I drilling program. Holes GM-20-59 to 65 were drilled in the southwestern sector of the Main Zone while holes GM-20-66 to 67 were drilled in the northeast portion of the deposit (see Map 1 and 2)
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