Genius Completes Successful Magnetic and Electromagnetic Airborne Survey Over its Massicotte-East Property
February 25 2014 - 8:30AM
Marketwired
Genius Completes Successful Magnetic and Electromagnetic Airborne
Survey Over its Massicotte-East Property
MONTREAL, QUEBEC--(Marketwired - Feb 25, 2014) - Genius
Properties Ltd. (the "Corporation") (CSE:GNI) is pleased to
announce that it has completed a combined magnetic and time-domain
electromagnetic heliborne survey over its Massicotte-East Property,
located 35 km west of Matagami.
The airborne survey outlined several combined magnetic and
electromagnetic anomalies that are typically caused by massive
sulphide occurrences. Out of these anomalies, 31 base metal targets
or groups of targets have been defined for further investigation.
Most of these targets are located in under explored areas, with no
ground geophysical coverage. 68% of these targets have never been
drill tested, and the remaining ones have only been subject to a
few sparse exploration drill holes and cannot be considered as
fully investigated.
Also, a compressive structural interpretation carried-out based
on the high resolution magnetic data acquired with this survey
enabled the recognition of possible faults and shear zones which
are very similar to known gold bearing structures found in the
Property's vicinity. In particular E-W structures identified along
the Samson group of gold showings about 2 km north of the Property,
as well as along other gold showings to the south-east and
north-west of the surveyed block, are found throughout the
Massicotte-East Property. Moreover, the Property hosts several
structures trending like the WNW-ESE gold bearing structure found
in the neighbouring Valmond property to the south, which is
currently being extensively worked by Midland Exploration and
Donner Metals (Source: Press release by Midland Exploration Inc.
dated Jan. 16, 2014). This structure is located 1 km to the south
of the Property and actually extends within the Massicotte-East
Property to the north-west. Based on these observations, 5 gold
exploration target areas have been defined for the Property.
These very encouraging results prompt Genius Properties Ltd to
initiate targets follow-up work which will consist in line cutting,
geophysical ground surveys and diamond drilling.
The airborne survey was acquired by Prospectair Geosurveys of
Gatineau using an Eurocopter's EC120B aircraft towing the
ProspecTEM system, a lightweight time-domain electromagnetic
system, and a Geometrics magnetometer measuring the total magnetic
field. This geophysical configuration flown at low altitude is very
cost effective and perfectly adapted to reconnaissance surveys with
objectives of measuring ground conductivity to a depth of about 125
m with a very good spatial resolution. The survey covered a total
of 172 mineral claims.
The technical information in this news release was prepared by
Joël Dubé, Eng., consultant at Dubé & Desaulniers Geoscience,
and reviewed by Donald Théberge Eng., M.B.A, both are qualified
persons under National Instrument 43-101.
About Genius Properties
Genius is targeting Quebec's excellent mineral potential to
discover new world-class deposits. Genius is the ideal partner for
exploration companies and capital pool companies looking for
qualified transaction projects of merit. Genius intends to enter
into various types of agreements on its properties. Management is
currently evaluating other growth opportunities in its portfolio of
newly acquired mineral properties to enhance shareholder value in
the short term.
This press release contains certain forward-looking statements
that involve a number of risks and uncertainties, and there can be
no assurance that such statements will prove accurate. As a result,
actual results and future events could differ materially from those
anticipated in such statements. These risks and uncertainties are
described in the annual report and in the filings made by the
Corporation with securities regulatory authorities.
The CSE has neither approved nor disapproved the contents of
this press release. The CSE does not accept responsibility for the
adequacy or accuracy of this release.
Stephane LeblancPresident and CEO(418)
717-2553slconcept@hotmail.com