Business
Genius Metals Announces New Gold Discovery at Sakami, Increased Land Position and a $2.5M Financing
Genius Metals Announces New Gold Discovery at Sakami, Increased Land Position and a $2.5M...
About this update from Morocco Strategic Minerals Corporation
[{"type":"text","content":"\n \n \n \n Genius Metals Announces New Gold Discovery at Sakami, Increased Land Position and a $2.5M Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n CSE:GENI\n \n \n \n MONTRÉAL,\n \n Dec. 2, 2020\n \n /CNW/ - Genius Metals Inc. (CSE: GENI) (\"Genius Metals\" or the \"Corporation\") is pleased to provide the following updates.\n \n \n \n \n \n \n \n \n \n \n \n Discovery of a New type of Gold Mineralization at the Sakami property, James Bay Territory\n \n \n \n \n The Corporation is pleased to announce the discovery of a new gold zone on its Sakami property, located during the second phase of the summer exploration campaign. This zone of gold mineralization, named the Trans-Taiga showing, is in the basement rocks of the Langelier Complex. The style of mineralization is similar to the gold mineralization found on the Serpent Property owned by Harfang Exploration Inc. located 20 Km south of Genius Metals Sakami property. Preliminary gold assays from grab samples collected along a\n \n 10 m\n \n long SW-NW striking zone yielded values of\n \n 2.63, 1.87, 1.56 and 0.29 g/t Au\n \n respectively (\n \n Figure 1\n \n )\n \n .\n \n The Trans-Taiga showing is located 2 km south of the Trans-Taiga Road and exposes strongly sheared granitoids (tonalite/granodiorite). The gold mineralization is contained within the granitoids, pyrite-bearing quartz veins and in pyrite stringers.\n \n \n \n \n Increased Land Position at Sakami\n \n \n \n \n Following the discovery of this new gold zone, the Corporation secured additional acreage in the area by staking 35 new claims. The newly acquired claims are contiguous to the southwestern block of the Sakami Property, thus enabling the Corporation to secure ground extending to the Trans-Taiga showing and the surrounding areas.\n \n \n To view\n \n map\n \n \n click here\n \n . Geologic map of the Sakami area showing the location of Genius Metals showings and the extent of the Sakami property.\n \n \n \n \n Winter Exploration Program\n \n \n \n \n Campaign\n \n \n \n \n Following the successful summer-fall 2020 campaign...