(via TheNewswire)
Highlights:
Results from the first 6 holes drilled in the 4,194-meter drill program at the
Genex Project GEN-22-01 intersected0.96% Cu and 0.22g/t Au over 27.0 metres,including2.29% Cu and 0.32g/t Au over 7.78 metres.
GEN-22-04 intersected1.14 g/t Au, 0.52% Cu, 0.36% Zn and 14.17 g/t Ag over 15.65 metres,including5.0 g/t Au, 1.98% Cu, and 61.26 g/t Ag over 2.7 metres.
Significant cobalt results were obtained:0.15% Co over 9.15 metres, including 0.415% Co over 2.7 metres in GEN-22-04.
Both holes successfully extended the
Genex Shaft Zone mineralization between 25 to 100 metres to the north.
Program highlights includeGEN-22-01,which intersected0.96% Cu and 0.22g/t Au over 27.0 metres,including2.29% Cu and 0.32g/t Au over 7.78 metres, successfully extending the
It is the first time cobalt values have been encountered on the Genex project, identified with systematic sampling. The mineralization is visually correlated with chalcopyrite stringers.
Program Details:
The 6 holes total 987 metres with lengths varying between 75 and 220 metres located at the margin of the composite grade shell modelled using Leapfrog software (see news release dated
GEN-22-01, GEN-22-04 and GEN-22-05 were drilled as step-out holes to test the immediate extension of the Genex north-south trend. Hole GEN-22-01 was drilled to the east and encountered a near-surface zone nearly 50 metres north of the shaft area, while GEN-22-04 was drilled along this trend to chase stringer zones at strong angles. These drill results support the extension of the mineralized system up to 100 metres north of the shaft area following a north-south trend. In this area, mafic to intermediate volcanic rocks are strongly brecciated and affected by black chlorite alteration overprinting carbonate. In addition to the disseminated and stringer polymetallic mineralization, GEN-22-01 cut a semi-massive chalcopyrite vein which intersected 16.4% Cu and 1.46 g/t Au over 0.46 metres from 33.72 to 34.18 metres. In addition, a zinc-rich stringer was intersected at the footwall returning 1.8% Zn over 10.5 metres. The interpretation indicates a true width.
GEN-22-02 and GEN-22-03 were drilled to the northeast targeting the Genex south-western extension, where historical drilling had identified copper-gold-zinc mineralization between 100 and 150 metres vertical and about 100 meters from underground infrastructure. Both holes intersected a long series of copper-bearing stringers starting at surface and continuing to a depth of 100 metres with grades varying between 0.5% to 3% Cu over 0.5 to 3.9 metres.
Hole ID | From (m) | To (m) | Length (m) | Cu (%) | Gold (g/t) | Ag (g/t) | Zn (%) | Co (%) |
GEN-22-01 | 28 | 55 | 27 | 0.96 | 0.22 | - | - | - |
Including | 33.72 | 41.5 | 7.78 | 2.29 | 0.32 | - | - | - |
Including | 33.72 | 34.5 | 0.78 | 11.41 | 0.97 | 18.56 | - | 0.057 |
51.42 | 55 | 3.58 | - | 0.49 | - | - | - | |
52.52 | 63 | 10.48 | - | - | - | 1.81 | - | |
GEN-22-02 | 21.2 | 21.7 | 0.5 | 3.18 | 0.53 | 22.1 | 0.67 | |
40.2 | 44.5 | 4.3 | - | - | - | 0.69 | ||
52.5 | 53.8 | 1.3 | 1.11 | - | - | - | ||
105.3 | 106 | 0.7 | 0.65 | - | - | - | ||
128.5 | 130 | 1.5 | - | 0.685 | - | - | ||
145 | 149 | 4 | 0.3 | - | - | - | ||
GEN-22-03 | 49.75 | 55.6 | 5.85 | - | - | - | 2.16 | - |
65 | 66 | 1 | 1.18 | - | - | - | - | |
82.1 | 86 | 3.9 | 0.57 | - | - | - | - | |
104.8 | 105.5 | 0.7 | - | 2.97 | - | - | - | |
129.35 | 130 | 0.65 | - | 1.51 | - | - | - | |
134.4 | 135 | 0.6 | - | 4.86 | - | - | - | |
GEN-22-04 | 6 | 21.65 | 15.65 | 0.51 | 1.14 | 14.17 | 0.36 | |
Including | 12.2 | 21.65 | 9.45 | 0.82 | 1.83 | 22.86 | - | 0.15 |
Including | 16.5 | 19.2 | 2.7 | 1.98 | 5 | 61.26 | - | 0.415 |
36.4 | 46.8 | 10.4 | - | - | - | 0.68 | - | |
58 | 63.6 | 5.6 | - | 0.34 | - | - | - | |
GEN-22-05 | 4.3 | 8 | 3.7 | 0.34 | 0.44 | - | 0.4 | - |
GEN-22-06 | No Significant Values | |||||||
Note 1: Stated lengths are core lengths as drilled. True width for hole GEN-22-01 is estimated to be above 80% of reported core length intervals with the actual interpretation. True width for holes GEN-22-02, 03, 04, 05 are unknown at this stage of work.
Note 2: Compared to previous releases, the reporting of individual metal grades is utilized to better represent local high-grade portions of the mineralization and to better model the geometry for follow-up drilling.
Drill Hole Coordinates
DDH_No | UTMnad83_East | UTMnad83_North | Azimuth | Dip | Length |
GEN-22-01 | 458793 | 5370200 | 60 | -60 | 177 |
GEN-22-02 | 458646 | 5370115 | 60 | -58 | 207 |
GEN-22-03 | 458646 | 5370115 | 60 | -70 | 220 |
GEN-22-04 | 458824 | 5370152 | 330 | -50 | 160 |
GEN-22-05 | 458824 | 5370152 | 60 | -60 | 75 |
GEN-22-06 | 458795 | 5370053 | 330 | -65 | 150 |
The field program was run by SL Exploration, and the drill core was split with half sent to AGAT in
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