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Genius Metals Enhances its Properties Portfolio
Genius Metals Enhances its Properties Portfolio Canada NewsWire ST-SAUVEUR, QC, ...
About this update from Morocco Strategic Minerals Corporation
[{"type":"text","content":"\n\n\n\nGenius Metals Enhances its Properties Portfolio\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\nCanada NewsWire\nST-SAUVEUR, QC, Nov. 14, 2018\n\n\n\nST-SAUVEUR, QC, Nov. 14, 2018 /CNW/ - Genius Metals Inc. (CSE: GENI) (\"Genius\") is pleased to announce  transactions which strengthen its mining properties portfolio in Quebec:\nStaking of additional claims tied to its Sakami Gold Project in the James Bay area; Acquisition of the Iserhoff Property Au; Genius to start Exploration Programs at Sakami and Iserhoff; Genius to adopt a Sustainable Development Policy\n \n \n\n \nGenius Metals stakes Additional Claims adding to its Sakami Gold Project in the James Bay area\nGenius stakes additional claims southwest and northeast of the Northern Sakami Block located in the James Bay area of the Province of Québec.\nThe new claims, 21 in total, cover an area of 10.81 km2, bringing the total number of the Northern Sakami block to 73 claims with an area of 47.8 km2. Significant geochemical humus anomalies were discovered in 2011 during the exploration of the Southern Sakami claim block, some reaching up to 0.552 g/t Au. \nGenius is currently conducting induced polarization, magnetic and VLF geophysical ground-based surveys on the Northern Sakami claim block. \nThe Sakami property, located in the James Bay area of the Province of Quebec, straddles the structural contact between the Opinaca and La Grande Archean subprovinces which exposes a significant number of gold showings related to sulphide-rich quartz veins in iron formations and shear zones. The Sakami property displays diverse lithologies showing signs of alteration and/or gold mineralization (Au =1 to 5 g/t) principally associated with mylonitic or sheared zones.\nIserhoff Gold Property\nGenius will purchase a 100% interest in the Iserhoff Property in consideration of the issuance of 500,000 common shares of the Company. The property will be subject to a 2% net smelter returns royalty (NSR) on production, half of which can be bought back for a cash payment of $1,000,000. \nThe Iserhoff Property is locat...