Genesis has an experienced management team that is credited with previous discoveries and has notable success raising capital and monetizing assets.
As of February 2019, Genesis Metals has announced an updated resource estimate for the 100% owned Chevrier gold project located near Chibougamau, Quebec.
The new 43-101 resource estimate includes 423,000 ounces Indicated at 1.22 g/t Au and 303,000 ounces Inferred at 1.27 g/t Au at Chevrier. The high grade gold component of the known resource was not the focus of historical exploration.
Management believes that by having developed a new geological model at the Chevrier deposits, it will be able to unlock significant upside potential both along strike and at depth.
Additionally, the exploration team believes there is opportunity for new high grade discoveries on the 146 square kilometer property package.
Genesis has also earned a 100% interest in the 200 square km October Gold property in Ontario. The property straddles the underexplored Southern Swayze Greenstone belt on trend to Goldcorop’s Borden Lake deposit and Iamgold’s Cote Lake deposit.
Both projects are easily accessible and near infrastructure and in mining friendly jurisdictions of Quebec and Ontario.
Genesis Metals Corp is a Vancouver-based company that trades on the Toronto Venture Exchange under the symbol GIS.