Genesis Metals Update on Chevrier Gold Project in Quebec

Genesis Metals Corp has reported assay results from the first 10 holes (1,779 metres) drilled as part of its recently completed 2020 Phase II (24 hole, 6,208
Genesis Metals Update on Chevrier Gold Project in Quebec
Genesis Metals Chevrier GoldGenesis Metals

Genesis Metals Corp has reported assay results from the first 10 holes (1,779 metres) drilled as part of its recently completed 2020 Phase II (24 hole, 6,208 metre) diamond drilling program. The Chevrier Gold Project is located in the eastern Abitibi Greenstone Belt of Central Quebec; drilling results from the remainder of the program will be released when received and interpreted.

Highlights include

13.03 g/t gold over 10.74 metres in hole GM-20-76 starting at 99.26 metres down hole, within a wider zone assaying 4.56 g/t gold over 40.50 metres (see Photo 1)

7.49 g/t gold over 4.60 metres in hole GM-20-77 starting at 82.50 metres down hole, within a wider zone assaying 2.16 g/t gold over 34.30 metres

5.02 g/t gold over 1.60 metres in hole GM-20-74 starting at 173.00 metres down hole, within a wider zone assaying 1.06 g/t gold over 17.15 metres

Insufficient drilling has been completed to definitively determine true thickness; true thickness is estimated to be between 79-88% for holes GM-20-68 to -77

The objective of the Phase II program was to continue drill testing the down plunge continuity of newly recognized high-grade gold shoots within the Chevrier Main deposit area (1.2 km by 0.2 km) to delineate their boundaries and volumes within and below the pit shell from the 2019 mineral resource estimate. For reference purposes, six specific areas (subzones) of the Main Zone with high-grade shoots have been labelled Fox, Mouse, Grouse, Lynx, Squirrel and Mole, as shown on Figures 1, 2 and 3.

Genesis Metals CEO Dr David Terry said "We are very pleased with the high-grades drilled in the core of the Fox subzone in holes GM-20-76 and 77 which continue to define apparent continuity in this area of the Main Zone deposit. These holes are among the best drilled on the property to date. I am looking forward to receiving results from the balance of the 2020 drill program as well as from the surface exploration programs focused on advancing priority targets elsewhere on the large Chevrier project."

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