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Genius Metals completed Geophysics on its Iserhoff and Sakami projects and plans drilling

Genius Metals completed Geophysics on its Iserhoff and Sakami projects and plans drilling

ST-SAUVEUR, QC, April 2, 2019 /CNW Telbec/ - Genius Metals is pleased to announce the completion of two ground-based geophysics surveys on its gold-bearing Iserhoff and Sakami properties and plans to launch, during the spring of 2019, a 2000-3000 meters drilling campaign distributed equally between the two properties.

MAG-IP surveys totaling respectively 25 and 51 linear km have been recently completed on the Iserhoff and Sakamiprojects. The drilling targets were chosen based on the results of these surveys plus geological mapping and rock sampling by MERNQ and historical drilling results undertaken by mining companies.

The Iserhoff property is located 55 km NNE of Lebel-sur-Quévillon in the Northern Abitibi Greenstone Belt. The gold property comprises 51 mining claims totaling 28.5 km², 100% owned by Genius Metals. It can be accessed by a network of forestry roads some of which join provincial highway 113 connecting Lebel-sur-Quévillion and Chibougamau. The impetus for drilling is in part based on O'Brien Gold Mines drilling campaign results on a network of quartz veins injected in intermediate and felsic volcanics 3.5 km along  strike and yielding anomalous gold values at shallow depth (ex: 1.40 g/t @ 8.3 m, 1.24 g/t @ 14.5 m and 1.24 g/t @ 5.9 m) with locally, some associated silver, lead and zinc content.

The Sakami property, located in the James Bay Territory of the Province of Quebec, straddles the structural contact between the Opinaca and La Grande Archean subprovinces. The gold property consists of 148 claims totaling 76.2 km2and 100% owned by Genius Metals. A series of large faults orientated NE-SW extends 14 km southwest to the Quebec Precious Metals property where significant gold values were unearthed by drilling.  The Sakami property displays diverse lithologies showing signs of alteration and/or gold mineralization (Au =1 to 5 g/t) principally associated with pyritized, sericitized mylonitic or sheared zones. Most of the drilling targets in the northeast property area are associated with secondary sheared and/or mylonitized zones and sulphide-rich gold-bearing basalts, whereas to the southwest, chargeability anomalies provided suitable targets.

The technical contents of this release were approved by Michel Boily, PhD, P.Geo; a Qualified Person (QP) as defined by National Instrument 43-101.

About Genius Metals Inc.

Genius Metals is a Canadian mineral exploration company focused on the acquisition, exploration and, if warranted, development of natural resource properties of merit in Canada.

The CSE has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements and Disclaimer

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be", "expected" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the listing and trading of the Corporation's common shares on the CSE and the availability of a listing statement on the CSE's website and on SEDAR are based on the Company's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Corporation will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Genius Metals Inc.


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