Genesis has an experienced management team that is credited with previous discoveries and has notable success raising capital and monetizing assets.
The company’s flagship project is its wholly-owned Chevrier Gold deposit in Chibougamau Quebec. The Main Zone has a NI-43-101 inferred resource containing 300,000 oz gold (4.6 million tonnes at 1.99 g/t).
More significantly, management believes that by developing a new geologic model at the Chevier deposits, it will be able to unlock significant upside potential both along strike and at depth.
Met-Chem estimates that the Chevrier South Zone deposit contains a potential between 8.5 and 9.0 million tonnes of mineralized material grading 1.8 to 2.2 g/t Au. (No resources were estimated for the Chevrier South deposit, since Met-Chem believes the density of information is not sufficient to delineate a mineral resource).
Genesis has earned a 100% interest in the October Gold property in Ontario. The property straddles the underexplored Ridout Deformation zone on trend to Goldcorop’s Borden Lake deposit and Iamgold’s Cote Lake deposit.
Both of these projects are easily accessible near infrastructure and in mining friendly jurisdictions. Genesis Metals Corp is a Vancouver-based company that trades on the Toronto Venture Exchange under the symbol GIS.