Main Zone Success At Chevrier Gold Project
Genesis Metals Corp.(TSXV: GIS) has received positive assay results from the first 10 holes (1,779m) drilled as part of its recently completed 2020 Phase II (24 hole, 6,208m) diamond drilling programme at the Chevrier Gold Project in Central Quebec.
Highlights include:
- 13.03 g/t gold over 10.74m starting at 99.26m down hole, within a wider zone assaying 4.56 g/t gold over 40.50m
- 7.49 g/t gold over 4.60m starting at 82.50mdown hole, within a wider zone assaying 2.16 g/t gold over 34.30m
- 5.02 g/t gold over 1.60m starting at 173m down hole, within a wider zone assaying 1.06 g/t gold over 17.15m
CEO Dr David Terrysaid the objective of the Phase II programme 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.
“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,” Dr Terry said.
“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 programme as well as from the surface exploration programmes focused on advancing priority targets elsewhere on the large Chevrier project.”
Dr Terry said the Genesis technical team has recognised a previously under-appreciated and poorly defined higher-grade component to the Chevrier Main gold deposit. A new 3D geological and mineralisation model is being completed to better represent the distribution and controls on higher-grade gold mineralisation. This model was utilised to inform the planning and execution of Phase I and Phase II drilling programs in 2020.
The company has completed a total of 8,707 metres of diamond drilling in 33 holes in 2020, including the Phase I programme which was carried out and reported on earlier in the year.
