Genesis Metals

Genesis Metals Builds High-Grade Ounces at Chevrier

This article by James Kwantes has been published first at Resource Opportunities and Streetwise Reports.
All pictures are company material, unless stated otherwise.

Genesis Metals Corp. (GIS:TSX.V; GGISF:OTC) is building ounces and grade at its Chevrier project in Quebec's Abitibi Greenstone Belt, as Phase 1 drill results outline growing zones of higher-grade material within the existing Main Zone deposit. The drill results are changing the profile of the deposit, which hosts current indicated mineral resources of 395,000 ounces (8.5 Mt averaging 1.45 g/t gold; cutoffs 0.5 g/t open pit and 0.95 g/t underground) and inferred mineral resources of 254,000 ounces (5.9 Mt averaging 1.33 g/t gold; cutoffs 0.5 g/t open pit and 0.95 g/t underground).

Genesis Metals: Discovery Group Icons John Robins And Jim Paterson Taking A New Look At Chevrier

This article by Gwen Preston has been published earlier at December 12, 2019 at Resource Maven.

All pictures are company material, unless stated otherwise.

Genesis Metals (TSXV:GIS) has been around for a decade. Over that time it worked and dropped a few projects, but more importantly it found two projects that the team really liked. The bear market made it hard to raise capital so work programs were limited. The work that was done returned good results, good enough that a strong technical team took an interest in the company early this year.

Genesis Metals: Gold Exploration In The Heart Of The Abitibi Greenstone Belt

President & CEO Jeff Sundar in the middle at Chevrier

 

This article by Brian Leni has been published first at Junior Stock Review.

All pictures are company material, unless stated otherwise.

 

What is the significance of surpassing $1400 USD per ounces of gold?

Personally, I view the price of gold as a bell weather for the global economy, essentially signalling the health of markets. Without a doubt in my mind, the complexity of the global marketplace is only increasing and because of this, I can’t help but think that any of these attempts to control it will fail and only add to the damage that has already been done.

Genesis Metals: Value In The Abitibi Greenstone Belt

This article by Brian Leni has been published first at Junior Stock Review.

All pictures are company material, unless stated otherwise.

Is the tide beginning to change from bear to bull in the gold market? In my opinion, it could be, and one of the major driving forces behind it could be mergers and acquisitions (M&A).

For those who haven’t been following closely the last few months, it began with the merger of Barrick and Randgold and then, just recently, with Newmont’s acquisition of Goldcorp.

Genesis Metals: New Geological Model Directs Exploration For Gold In The Abitibi Greenstone Belt


This article by Brian Leni has been published first at Junior Stock Review.

All pictures are company material, unless stated otherwise.

We are not only in a resource sector bear market, but in the midst of peak holiday season, at least in the northern hemisphere. At the current moment, these two factors are pushing many company share prices downward, and in the process, giving those with the wherewithal and appetite for risk great opportunities for entry into the stock.

You may be asking yourself, if the bear market trend continues, can I buy the same stock more cheaply in a month? That could be correct - or the market might turn. It's anyone’s guess as to which way the market will flow.

Genesis Metals Continues To Prove Up Chevrier Mineralization; Further Drilling About To Start

Chevrier Gold project; core shack Main Zone

After having completed a 10,150m 58 hole drill program on the Main Zone, plus 25 new trenches and re-sampling of 11 historic cores, it seems that Genesis Metals is well on its way to get more insight in the complex geology of Chevrier, therefore an update is warranted. Follow up drilling on a new Main Zone extension is about to commence in this spring, and a maiden resource estimate is scheduled for Q3, 2018. On top of that, the company is contemplating drilling other geological targets as well, as the property has abundant exploration potential.

All presented tables are my own material, unless stated otherwise.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Genesis Metals: Chevrier Phase I Drilling Completed, Phase 2 Program Commencing

Chevrier Gold project; IP anomaly

In between exploration success stories (for example GT Gold) or possible myths in the making (Novo Resources) taking center stage, Genesis Metals quietly completed the Phase I drill program, consisting of 4,900m of diamond drilling. Results were announced on October 3rd of 9 drill holes, and channel sampling. Management received two separate batches of results of the Phase I drill program, reporting 8 out of 9 holes testing greenfield IP anomalies in 2 target areas in (see image above in red) now in the first batch, and the remaining 13 drill holes focused on the Main Zone will come out in the second batch in about 3 weeks.

Genesis Metals Raises C$4M, Welcomes Eric Sprott And Osisko Mining As Significant Shareholders, Drilling At Chevrier Starts In July

After compiling, interpreting and modelling all available data and surveys, and defining targets, Genesis Metals needed cash to advance their flagship Chevrier Gold project to the next stage: commencing of drilling. Management worked hard to gain interest, and it seemed they succeeded in their aim to get the company funded to drill well into 2018. On top of this, they welcomed two of the most respected and well-known names in the business, Eric Sprott and Osisko Mining as significant shareholders, which is impressive. The company completed 2 rounds of financing to achieve this. 

On June 5, 2017, Genesis Metals closed its C$3.25-million non-brokered private placement previously announced on May 24, 2017. Eric Sprott, Delbrook and other large, strategic institutional investors also participated in this first big round.

Chevrier Gold Project: A New District-Scale Start With Lots Of Upside For Genesis Metals

Chevrier Gold project

1. Introduction

Being established at the peak of the last precious metals bull market as its predecessor Entourage Metals, junior explorer Genesis Metals didn't have the most easiest of times to make a name for itself. Despite a set of very prospective claims and a very experienced team of well-known geologists, things went south during the bear market as significant new discoveries couldn't be made at the time.

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