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GNI Genius Properties Ltd.

0.285
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Genius Properties Ltd. CSE:GNI CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.285 0.27 0.59 0 01:00:00

Genius Completes Successful Magnetic and Electromagnetic Airborne Survey Over its Massicotte-East Property

25/02/2014 12:30pm

Marketwired Canada


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 Joel Dube, Eng.,
consultant at Dube & Desaulniers Geoscience, and reviewed by Donald Theberge
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Stephane Leblanc
President and CEO
(418) 717-2553
slconcept@hotmail.com

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