Sakami Gold Property
The Sakami Property (100% owned by Genius) is composed of a set of 399 claims covering 20,519 hectares which straddles the structural contact between the Opinaca and La Grande geological sub-provinces in the James Bay area (Quebec). This contact is associated with many important gold mineralized zones such as Quebec Precious Metals’ La Pointe prospect and most notably the Eleonore gold mine operated by Newmont.
The 100 percent owned Sakami gold asset remains underexplored with no historical drill holes.
Over the last two years, Genius Metals has conducted multiple airborne and ground-based geophysical surveys, as well as several prospecting campaigns. Prospection work included overburden stripping with the use of a mechanical excavator, rock sampling, channel sampling and mapping.
Two highly prospective drill targets have been established through the exploration programs mentioned above: Lamarche (13g/t Au, 266g/t Ag, 0.47% Cu, 19.2% Zn, 5.56% Pb) and GoldenEye (up to 2.55 g/t including 1.02 g/t over 4.1m in channel sample). Both targets have been tested at surface and are well-defined with high-resolution geophysical surveys.
The main Lamarche zone on the property contains gold mineralization across a large 500 meter by 350-meter shear zone/ deformation corridor.
Additionally, the Golden Eye zone is highlighted by gold grades of 1.02 g/t gold over 4.1 meters with evidence of gold mineralization across every channel.
In May 2021, the Company entered into an agreement with Forage G4 based in Val d’Or, Quebec, to carry out a 2,000m to 3,000m diamond-drilling campaign focused on the gold-prospective Lamarche and GoldenEye prospects. Drilling targets were defined using the data provided by recently completed mapping, rock sampling, channel sampling and geophysical surveys. The campaign is set to begin at the end of June after the company completes additional exploratory fieldwork.