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Genius Metals Obtain Drilling Permit for Lithium381
Genius Metals Obtain Drilling Permit for Lithium381 Canada NewsWire MONTR...
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[{"type":"text","content":"\n \n \n \n Genius Metals Obtain Drilling Permit for Lithium381\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 Canada NewsWire\n \n \n \n \n \n MONTRÉAL\n \n ,\n \n \n Feb. 8, 2023\n \n \n /CNW Telbec/ - Genius Metals Inc. (TSXV: GENI) (\"Genius Metals\" or the \"Corporation\") is pleased to report the obtention of the drilling permit previously announced on\n \n January 18, 2023\n \n , for the Lithium381 Property (the \"\n \n Property\n \n \") located in the James Bay Territory of northern\n \n Quebec\n \n . The property is contiguous to Allkem Limited's James Bay Lithium Mine. The James Bay Lithium Project hosts an Indicated Resource of 40.8 Mt @1.40% Li\n \n 2\n \n O\n \n (NI 43-101 Technical Report, Feasibility Study, James Bay Lithium Project, Québec,\n \n Canada\n \n ;\n \n January 11, 2022\n \n \n ) and on\n \n January 16, 2023\n \n , the government of\n \n Canada\n \n approved the construction of the James Bay Lithium Mine which is expected to operate during a span of 20 years.\n \n \n \n \n \n \n \n \n \n \n Drilling Permit\n \n \n \n The drilling permit submitted to government entities early in January specified the location of 27 drilling pads. Genius Metals and Clarity Metals have established a drilling program focusing on a target interpreted from preliminary results produced by a recently completed IP/Resistivity survey which outlined a 1.5 km EW-oriented area of high resistivity values. Previous surveys conducted by Lithium One in 2008 (predecessor to Galaxy Lithium) and Allkem (2021) have shown high resistivity values which in part correspond to spodumene granitic pegmatite dykes and bodies discovered and drilled previously. The last geophysical survey completed by TMC Géophysique in 2021 indicated that the resistivity highs extend for 2.3 km east of the Billy Diamond Road (James Bay Road) where spodumene granitic pegmatite dykes were observed.\n \n \n \n Drilling Program\n \n \n \n Genius and Clarity are currently reviewing applications from contractors and working on the logistics related to a maiden drilling p...