Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Genesis Metals (GIS) is starting a diamond drill program to test new targets at the company’s Chevrier Gold Project in Quebec
  • The project is located in the Chibougamau Mining Camp of the Abitibi Greentone Belt
  • The current drill program is expected to include a minimum of 3,000 metres
  • All targets are expected to be shallow, likely at the bedrock surface immediately below the typical several metres thick glacial cover
  • Shares of Genesis Metals are up 2.44 per cent on the day, trading at C$0.21 at 2:00 pm ET

Genesis Metals (GIS) is starting a diamond drill program to test new targets at the company’s Chevrier Gold Project in Quebec.

The project is located in the Chibougamau Mining Camp of the Abitibi Greentone Belt, Quebec. 

The current drill program is expected to include a minimum of 3,000 metres of drilling that will be deployed to test several target areas. The company’s technical team developed a series of drill targets, identified through systematic work programs which have been carried out on the project since 2019.

All targets are expected to be shallow, likely at the bedrock surface immediately below the typical several metres thick glacial cover.

The company has permitted more than 50 drill pad sites and is actively undertaking the initial drill program to test the priority 1 target areas.

The drill strategy is to initially test areas with short drill holes and focus on the highest magnitude targets with the largest geochemical and geophysical footprints.

Genesis Metals is a member of the Discovery Group of Companies, an alliance of public companies focused on the advancement of mineral exploration and mining projects with a track record of generating shareholder value through responsible, sustainable, and innovative development.

Shares of Genesis Metals are up 2.44 per cent on the day, trading at C$0.21 at 2:00 pm ET.

More From The Market Herald

" Southern Silver (TSXV:SSV) updates its mineral resource estimate on the Cerro Las Minitas project

Southern Silver Exploration (SSV) has completed an update of its independent mineral resource estimate on the Cerro Las Minatas project in Mexico.

" United Lithium (CSE:ULTH) produces high-purity lithium from spodumene

United Lithium (ULTH) has achieved 99.1-per-cent pure lithium carbonate from spodumene concentrate.

" Aton (TSXV:AAN) announces a $500,000 bridge loan

Aton Resources (AAN) has borrowed $500,000 from OU Moonrider, a shareholder of the corporation.

" Appia (CSE:API) announces $6M private placement

Appia Rare Earths and Uranium (API) has announced a C$6 million bought-deal private placement.