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Feature Company: Genius Metals (CSE:GENI)

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Genius Metals is a Canadian mineral exploration company with a number of properties in Quebec, New Brunswick and Nova Scotia.

Additional Information:

Company: Genius Metals
Website: http://www.GeniusMetals.com
Stock Symbol: CSE: GENI
Date Published: Sep 2, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Today’s feature company is Genius Metals.

Genius Metals is a Canadian mineral exploration company with a number of properties in Quebec, New Brunswick and Nova Scotia.

On September 8th, the company will initiate a second exploration campaign on its recently expanded 100% owned Sakami project located in the James Bay Territory, some 75 kilometers southeast of the village of Radisson.

Following the addition of 202 new claims, the property now covers approximately 18,700 hectares.

A sampling program of the Northern Sakami block was conducted during the month of October 2019.

A total of 101 grab and channel samples were collected and significant gold assay results such as 1.79 and 2.55 grams per tonne gold were obtained for grab samples.

In late 2019 an heliborne TDEM MAG survey was completed on the Northern block of the Sakami property, which unveiled significant kilometer long conductors.

During the first exploration phase in 2020, a crew composed of geologists, technicians, helicopter pilot and journeymen spent 16 days on the property and collected 302 rock samples that were sent to the Actlabs Laboratories, in Ancaster, Ontario for gold assaying.

The objectives of this first phase were to investigate interesting gold targets revealed from assay results produced from samples collected during the fall of 2019 as well as to discover new gold targets on the newly acquired Sakami claims.

On Sakami, the company intends to launch an extensive exploration program which includes mapping, geophysics and drilling.

The drilling program will include at least 1,000 meters of exploratory drilling on the most promising targets provided by geophysics and rock samples.

The company also plans to complete a prospecting campaign on its A-Lake property in New Brunswick based on the VTEM survey results carried out during the 4th quarter of 2019.

The company recently closed a non-brokered private placement, raising gross proceeds of $1 million, from the placement of approximately 5.6 million units, priced at $0.18 per unit, with each unit consisting of 1 share and 1 warrant, with the warrant exercisable at $0.30 for 18 months.

The shares are trading at $0.25.

For more information on the company’s many projects, please visit the company’s website at www.GeniusMetals.com, contact Guy Goulet, President and CEO, at 579-476-7000 or email ggoulet@GeniusMetals.com.

I’m Megan Edwards for Investmentpitch Media