ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

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 Files Monster Lake NI 43-101 Technical Report

22/04/2014 1:30pm

Marketwired Canada


Genius Properties Ltd. (the "Corporation") (CSE:GNI) announces that it has filed
a technical report entitled "NI 43-101 Technical Report Pertaining to:
Chibougamau Property, Monster Lake West Block and Meston Lake West Block,
Northwestern Quebec, Chibougamau Mining Camp, NTS 32G10 and 32G07" dated April
4, 2014 and prepared by Donald Theberge, Eng., M.B.A., an independent qualified
person under NI 43-101. The NI 43-101 report is available under the Company's
profile on SEDAR (www.sedar.com).


Since 1984, over 40,000 metres of diamond drilling has been completed by various
operators along the over four-kilometre mineralized corridor at the Monster Lake
area. In the winter of 2012, TomaGold drilled 16 holes for a total of 2,420
metres on the Annie zone, which resulted in a major discovery of 237.6 grams per
tonne of gold over 5.7 metres in hole M-12-60. In 2013, TomaGold drilled 12
holes totalling 5,000 metres on zone 325. All the holes intersected the
gold-bearing structure, and seven of the 12 holes returned values of over 10
grams per tonne of gold (see TomaGold's website at www.tomagoldcorp.com).
TomaGold recently announced a significant option agreement with Iamgold Corp.
valued at over $17.5 million whereby Iamgold can earn a 50% interest in
TomaGold's Monster Lake and other properties (see TomaGold press release dated
November 12, 2013).


About the Monster Lake area property

In January 2014, the Corporation announced that it had entered into an amended
Asset Purchase Agreement for the sale of an initial 50% interest on a total of
81 claims covering approximately 4,515 hectares in the region of Monster Lake,
in north-western Quebec. In addition, the buyer (Mazorro Resources Inc.) has an
option, exercisable for a period of two years, to acquire the remaining 50%
stake held by the Corporation (see Press Release dated Jan. 28, 2014). The
property comprises two claim blocks: Monster Lake West consisting of 40 claims
covering approximately 2,224 hectares and Meston Lake West consisting of 41
claims covering approximately 2,291 hectares. The Monster Lake area is located
approximately 44 kilometres southwest of the town of Chibougamau. The property
is easily accessible by road and a high-voltage power line crosses the area
nearby.


During January 2014, a helicopter-borne magnetic and electromagnetic (TDEM)
survey, funded by Genius Properties Ltd., was flown over the Monster Lake
property with 258 line-kilometres over the Monster Lake West Block and 257
line-kilometres over the Meston Lake West Block, for a total of 515
line-kilometres. The survey was performed by Prospectair Geosurveys. Both Blocks
were flown with traverse lines at 100 metre spacing and control lines spaced
every 1,000 metres. Final results of the survey are pending.


Donald Theberge, Eng., M.B.A., is an independent qualified person (as defined by
National Instrument 43-101) and is the author of the NI 43-101 report and has
reviewed and approved the scientific and technical information in this press
release.


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 and 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 news release contains forward-looking information within the meaning of
applicable Canadian securities laws. All information other than historical fact
is forward-looking information. Forward-looking information relates to future
events or future performance and is based on GNI current internal expectations,
estimates, projections, assumptions and beliefs. Forward-looking information is
often, but not always, identified by the use of words such as "expect",
"project", "proposed", "intend", "seek", "anticipate", "budget", "plan",
"continue", "estimate", "forecast", "may", "will", "predict", "potential",
"targeting", "could", "might", "should", "believe" and similar expressions.
Although management considers the assumptions and estimates, reflected in
forward-looking information, to be reasonable, based on information currently
available, there can be no assurance that such information will prove to be
correct. As a consequence, actual results may differ materially from those
anticipated.


Undue reliance should not be placed on forward-looking information which is
inherently uncertain, and subject to known and unknown risks and uncertainties
(both general and specific) and other factors that contribute to the possibility
that the future events or circumstances contemplated by the forward looking
information will not occur or that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information. These risks
include, but are not limited to risks associated with general economic
conditions, the actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans continue to be
refined, future metal prices, financial risks and substantial capital
requirements. Further information regarding certain of these risks (as well as
risks relating generally to the Company's business) may be found under the
headings "Risks and Uncertainties", "Forward-Looking Information" and "Financial
risk factors" in the latest Company's Management's Discussion & Analysis on
www.sedar.com. Readers are cautioned that the foregoing list of factors that may
affect future results is not exhaustive. The forward-looking statements
contained in this news release are made as of the date hereof and GNI does not
undertake any obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement. 


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

1 Year Genius Properties Ltd. Chart

1 Year Genius Properties Ltd. Chart

1 Month Genius Properties Ltd. Chart

1 Month Genius Properties Ltd. Chart

Your Recent History

Delayed Upgrade Clock