Genius Properties Proposes Transaction with Cerro De Pasco Resources S.A.

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[{"type":"text","content":"MONTRÉAL, QUÉBEC--(Marketwired - Nov. 9, 2017) - Genius Properties Ltd. (CSE:GNI) (CSE:GNI.CN) (CNSX:GNI) (\"Genius\" or the \"Corporation\") is pleased to announce that it has entered into a merger agreement dated November 9, 2017 (the \"Merger Agreement\") with Cerro De Pasco Resources S.A. (\"Cerro De Pasco\") setting out the terms of a transaction which will result in a merger of Genius and Cerro de Pasco (the \"Proposed Transaction\"). About Cerro De Pasco Cerro De Pasco is a corporation incorporated under the laws of Peru. Its main asset is an option to acquire a 100% interest in the El Metalurgista Concession (where the so-called Quiulacocha Tailings and Excelsior Stockpile are located), located in Peru (the \"Property\"). Upon exercise of such option, Cerro de Pasco will become the Property's sole legal and beneficial owner. Imminent filing of a NI 43-101 Technical Report Genius also wishes to announce that it has completed a Technical Report (\"NI 43-101 Report\") prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI 43-101\") dated November 9, 2017 and entitled \"The Excelsior Property: The Excelsior Mineral Pile (EMP) and Quiulacocha Tailings (QT) associated with the Cerro de Pasco Mine, Cerro de Pasco District, Altiplano Region, North-Central Peru Highlights of the NI 43-101 Report are as follows: The property is known as the Excelsior and consists of the Excelsior Mineral Pile (\"EMP\") and Quiulacocha Tailings (\"QT\") forming residues generated by the processing of the Cerro de Pasco Mine Pb-Zn-Ag-Cu ore located 310 km from Lima, in east-central Peru. The EMP occupies an area of 94 ha and contains 26,400,000 m3 of fragmentary rocks forming terraces composed of sulfide-rich rocks, sericitized volcanic and carbonate (dolomitic) rocks. Metal-bearing minerals consist of sphalerite (Zn), tennantite (Cu), cerussite (Pb), enargite (Cu) and galena (Pb, Ag-rich). The more reliable Historical Resources Estimate generated 42.89 Mt @ 0.09 wt. % Cu (85.1 M lb), 0.73 wt. % Pb (690.3 M lb), 1.59 wt. % Zn (1696.1 M lb) and 66.1 g/t Ag (91.1 M oz) with Pb+Zn= 2.33 wt. %#. The QT cover a surface of 114 ha and contain approximately 79 Mt of pyrite-bearing tailings of two different types: Cu-rich and Zn-Pb-rich sulphides. The best Historical Resources Estimate generated a total...

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