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Genius Metals Completes a $2.4 M First Tranche of Financing and Completes Drilling Program
Genius Metals Completes a $2.4 M First Tranche of Financing and Completes Drilling Progra...
About this update from Morocco Strategic Minerals Corporation
[{"type":"text","content":"\n \n \n \n Genius Metals Completes a $2.4 M First Tranche of Financing and Completes Drilling Program\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CSE:GENI\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/\n \n \n \n \n MONTRÉAL,\n \n Sept. 1, 2021\n \n /CNW Telbec/ - Genius Metals Inc. (CSE: GENI) (\"Genius Metals\" or the \"Corporation\") has completed the first tranche of a non-brokered private placement offering (the \"Private Placement\") for gross proceeds of\n \n $2,395,140\n \n , these funds will be used to advance the exploration programme on the Sakami property. Genius Metals initial diamond-drilling program on the Sakami Property has been completed comprising of 17 holes with\n \n 2,658m\n \n of core obtained.\n \n \n \n \n \n \n \n \n \n \n Summer Drilling Program\n \n \n \n Genius Metals has completed the summer drilling campaign on the Sakami property, located in the James Bay Territory, and successfully attained all its set objectives. Three main sites, the Golden Eye,\n \n Lamarche\n \n and the northeast extension the main core zone structure, were drilled; seventeen holes were completed and 2,658 metres of core were obtained.  A preliminary evaluation of the core confirmed that the mineralization noted during the mapping and sampling campaigns of the last two years continued to depth. The\n \n Lamarche\n \n core material revealed several sphalerite, pyrrhotite and pyrite-rich intersections within deformed, sheared and altered metasediments accompanied by minor intermediate volcanic rocks.  The northeast extension is characterized by pyrite-bearing quartz-calcite-tourmaline veins invading metasedimentary and metavolcanic rocks. Finally, core intersections showing brecciated and sheared\n \n \n quartz veins with moderate epidotization/chloritization and pyrite, pyrrhotite and sphalerite stringers in wacke and basalts were encountered at the Golden Eye site. The geological characteristics of...