magnetic metals corp

Genius Metals Acquires 189 Additional Claims at Sakami and Provides an Update on the Ongoing Drilling Program

Genius Metals Inc. (CSE: GENI) (" Genius" or the " Company" ) is pleased to announce the acquisition of 189 additional claims to its 100%-owned Sakami property located in the James Bay Territory ( Quebec ), bringing the total land package to 588 claims covering 30,200 hectares (302 km 2 ) ( Figure 1 ). This acquisition was undertaken as a result of the gold assay results obtained on the Trans Taiga showing (1.56-2.53 gt; Genius Metals PR December 2nd, 2020 ) occurring within the Langelier gneissic basement complex.  Recent investigation by Genius Metals and Harfang Exploration in the Langelier Complex revealed the gold potential of this unexplored terrain of the James Bay area.

Click here to view the map

The Company has completed the first four holes of its ongoing ( 2,000m - 3,000m ) drilling program largely targeting previous gold and base metal showings associated with magnetic and chargeability anomalies. Initial visual examination of the core reveals base metal intersections and quartz-tourmaline-pyrite veins, the latter being associated with gold mineralization in this geological environment. These four drill-holes are the first-ever to be drilled on the property which extends from the LaGrande Sud mineralized zone (300,000 Oz Au, Non-NI43-101 compliant) owned by Osisko Development Corp. and the Quebec Precious Metals LaPointe gold prospect (more than 42,000m of drilling since 2001).

Cautionary statements:
The mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

The technical contents of this release were approved by Michel Boily , PhD, P. Geo; a Qualified Person (QP) as defined by National Instrument 43-101.

About Genius Metals Inc.

Genius Metals is a Canadian mineral exploration company focused on the acquisition, exploration and, if warranted, development of natural resource properties of merit in Canada .

The CSE has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements and Disclaimer

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be", "expected" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the listing and trading of the Corporation's common shares on the CSE and the availability of a listing statement on the CSE's website and on SEDAR are based on the Company's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Corporation will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Genius Metals Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/July2021/22/c3547.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Genius Metals

Genius Metals

Precious and Base Metal Projects inQuebec, Nova Scotia and New-Brunswick.

Pinnacle Minerals

Pinnacle to Acquire Eight U.S. Critical Minerals, Gold & Silver Projects, Including Past-Producing Assets

PORTFOLIO INCLUDES SIX PROJECTS SURROUNDING PERPETUA’S STIBNITE MINE,AND TWO PROJECTS IN HISTORIC MINING DISTRICTS IN WASHINGTON STATE

Pinnacle Minerals Limited (ASX: PIM) (“Pinnacle” or the “Company”) is pleased to announce it has entered into a binding agreement for the strategic acquisition of Idaho Antimony Critical Minerals Pty Ltd, an entity that has a binding option agreement to acquire Idaho Antimony Corporation,... Keep Reading...
Blackrock Announces Arrangements to Address Mailing of Meeting Materials Resulting from the Canada Post Strike

Blackrock Announces Arrangements to Address Mailing of Meeting Materials Resulting from the Canada Post Strike

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) ("Blackrock" or the "Company") announces that, due to the current delay of mail service in Canada due to the nationwide strike of the Canadian Union of Postal Workers (the "Postal Strike"), the Company may be unable to fully... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...
Yvonne Blaszczyk, gold bars and chess piece.

Yvonne Blaszczyk: Gold, Silver, Platinum — Flashpoints Everywhere, Moves Just Starting

Yvonne Blaszczyk, president and CEO of BMG Group, discusses the factors that have pushed gold past US$4,000 per ounce and shares her next price target for the metal. In her view, US$5,000 is in the cards, and the outlook is strong for silver and platinum as well. Don't forget to follow us... Keep Reading...
Gold bars on financial charts and a notebook.

Top 5 ASX Gold Stocks of 2025

The gold price soared during the third quarter of 2025, and in October reached new all-time highs above AU$6,000 per ounce. The gold bull market has been fueled by a number of factors. Among them is economic uncertainty brought on by a chaotic US trade and tariff policy, which has prompted... Keep Reading...
Trading Halt

Trading Halt

CuFe Limited (CUF:AU) has announced Trading HaltDownload the PDF here. Keep Reading...

Latest Press Releases

Related News