Business
Generic Gold Commences Drilling for Gold and VMS on Belvais Project, Quebec
Toronto, Ontario--(Newsfile Corp. - June 1, 2021) - Generic Gold Corp. (CSE: GGC) (FSE: 1WD) (OCTQB: GGCPF) ("Generic Gold" or "Generic" or the "Company") is pl
About this update from Generic Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - June 1, 2021) - Generic Gold Corp. (CSE: GGC) (FSE: 1WD) (OCTQB: GGCPF) (\"Generic Gold\" or \"Generic\" or the \"Company\") is pleased to announce that drilling is underway on the Company's inaugural diamond drill program on its Belvais Project, located in the Abitibi Greenstone Belt of Québec, along the Normétal Fault Zone. This large, fully funded 7,500m drill program will be drilled in two phases and will target both orogenic gold and gold-rich VMS targets. The initial 3,000m for Phase 1 has commenced, with the additional 4,500m of Phase 2 planned upon receipt of Phase 1 assays. As previously announced (see release dated May 6, 2021), drill targets were generated following compilation of all available data, including recently completed VTEM and soil sampling surveys, as well as historical drilling analysis and geophysical work. As shown in Figure 1, the Belvais project lies directly south-east of Amex Exploration's Perron Project, which recently announced a new high-grade gold discovery (the 210 Zone) along the Normétal Fault (Amex Press Release dated February 17th, 2021), and is also directly east and south-east of Starr Peak's NewMétal Project, which recently announced high-grade VMS mineralization on their Normetmar target (Starr Peak Press Release dated May 4th, 2021). Both of these new discoveries occur along the Normétal Fault which is of particular significance for Generic Gold, as the Company holds over 20 km of the Normétal Fault on its Belvais claims and is one of the largest landholders in the area with 12,563 hectares. Figure 1: Generic Gold's Belvais project with respect to Amex Exploration's Perron project and Starr Peak's NewMétal project. Note the Normétal fault zone, which extends for approximately 20 km along the Belvais project. Aaron Stone, Vice President Exploration of Generic Gold, said, \"We are very excited to begin this drill program having made fantastic progress in advancing this project to the drill-ready stage. We have modelled some very prospective and high-priority EM plates using multiple data points. Some of our targets are surrounding and along strike to the historic Normétal mine and Starr Peak's new discovery on their NewMétal project. A full structural interpretation of the property has also been completed by an external geophysicist utilizing MAG data...