Dissimieux

HIGHLIGHTS

  • 70 mining claims, 100%-held by Genius
  • Located within the Dissimieux Lake P-Ti-REE’s property, province of Québec
  • Accessible via Provincial Highway #138 from Forestville, then driving northward on Highway #385 to Labrieville, and from there using a network of secondary gravel forestry roads to reach the east-southeast shore of Dissimieux Lake.
  • Based on results from 34 drill holes on the Dissimieux property, Yvan Bussières (Drilling Report, 2012-2013, Lac Dissimieux property, Ministère des Ressources Naturelles, GM 67921) has calculated an inferred resource on 5 zones totaling 189.1 MT @ 2.6% P205. Genius Metals considers this to be an historical resource that does not adhere to the categories defined in sections 1.2 and 1.3 of NI 43-101 and the 2010 CIM Standard Definition of Mineral Resources and Reserves. The Company indicates that a qualified geologist has not verified the validity of this resource, in particular the calculation method used and that a qualified person has not done sufficient work to classify the historical estimate as current resources or mineral reserves. The Company considers this resource to be only an indication of the mineral potential of the Dissimieux project. Genius Metals is not treating the historical estimate as current mineral resources or mineral reserves.

*A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the Issuer is not treating the historical estimate as current mineral resources or mineral reserves.

GEOLOGY

The Property hosts titanium-phosphate (ilmenite-apatite) mineralization located near the southern margin of the La Blache Anorthositic Complex (the “LBAC”).

Rocks from the Dissimieux property occur on the margin of the Grenvillian anorthositic De La Blache massif. The De La Blache mafic plutonic suite (1327±16 Ma)  forms a plurikilometric elongated massif composed of five units principally formed by anorthosite with accompanying leucotroctolites, troctolites, norites and gabbronorites. The marginal gabbroic facies constitutes the northwest boundary of the massif. At Dissimieux, anorthosite and massive and highly deformed slivers of norites are oriented NE to SW. Intercalated between the gabbros and anorthosites several fragments of metasedimentary gneiss are present. The southern margin of the De la Blache massif is composed of fine-grained magnetic gabbros. Metasedimentary rocks, anorthosites and deformed norites are in contact with the gabbroic rocks. Within the anorthosite and noritic rocks, oxide-rich layers (magnetite, ilmenite or hematite) with apatite occur. 

HISTORICAL WORKS

Only regional geophysical surveying and geological mapping has been carried out on the Property area before AFCAN Mining Corporation (“AFCAN”), formerly known as Société d’exploration Minière et pétrolière Gaspésie, staked the original claims. AFCAN completed detailed mapping, sampling and geophysical surveys over the original property (Pritchard, 1994,; GM53348; Birkett, 1995 and 1996; GM 53515 and GM 54835; Oswald and Birkett, 1996; GM 54764). A drill program of 8 holes totalling 637.5 m on two sections was also carried out in 1994 by AFCAN (GM 53349).

Ilmenite-apatite concentrations were traced along a 6 km a northeast-southwest corridor, up to 1 km wide, near the south shore of Dissimieux Lake. The mineralization is hosted in several 20 m to 50 m-wide bands composed of finely disseminated magmatic apatite and ilmenite, associated with gabbro. The magnetite-ilmenite assemblage is linked to a magnetic high anomaly. The average grades calculated from surface sampling was 5% TiO2 and 3.5% P2O5 (corresponding to 10% apatite). The average grades from the core samples were 4.72% TiO2 and 3.65% P2O5, with high values of 8.35% TiO2 and 4.42% P2O5. Zones characterized by lower intensity magnetic anomalies retained higher TiO2 grades but were lower in P2O5.

Lakefield Research of Canada Ltd. (“Lakefield”) (1997; GM 54867; 1998; GM 56490), COREM (2000; GM 58571) and Lakefield (2000; GM 58570) assessed the feasibility of concentrating the titanium and phosphate. Lakefield achieved recoveries of 92 % for apatite to produce a concentrate at 41. 2 % P2O5, and recovered 62.5 % of the ilmenite to produce a concentrate of 48.1% TiO2 from an initial a sample containing 3.5 % P2O5 and 5.4 % TiO2. It was concluded at the time that the higher the TiO2 and P2O5 grades in rocks, the higher the recoveries in concentrates.

In 2012- 2013 Jourdan drilled 34 holes at Dissimieux Lake, for a total of 3949 m, demonstrating mineralization over a strike length of 2.4 kilometres. Five parallel zones of phosphate mineralization were intersected, often containing mineralization > 100m in apparent drilled thickness.

The last major work on the Property involved the Met-Chem scoping study (2000, in GM 58569). Met-Chem indicated the ilmenite-phosphate mineralization was amenable to open-pit mining with a 1:1 waste to ore. It was proposed to transport the concentrate via a pipeline at a cost of $3.28 per tonne based on a yearly transport of 457,500 tonnes of concentrate (217,500 tonnes of ilmenite and 240,000 tonnes of apatite) over a distance of 140 km.

The technical information contained on this page was reviewed and approved by Michel Boily, Ph.D., P. Geo, qualified person under NI 43-101 and VP Exploration for Genius Metals Inc.

*A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and Genius Metals is not treating the historical estimate as current mineral resources or mineral reserves.