Chevrier Gold Property

A new Opportunity in the Chapais-Chibougamau Gold-Copper Camp.

Location and Property

  • ~35 km to southwest of the mining-friendly town of Chibougamau, Quebec
  • 574 mineral claims totaling 290 km2 within the Abitibi Greenstone Belt

Key Deposits

  • 15 km of the Fancamp Deformation Zone
  • Main Zone: steeply-dipping high-grade quartz-ankerite + tourmaline veins (0.7 – 2 m thick) over ~1.4 km x 200 m
  • South Zone: disseminated gold zones (up to 30 m thick) extends 1,200 m down dip
  • East Zone: 6 shear zones over 750 m down-dip

Project Timeline

  • 2016: sampling of historical drill core
  • 2017: 10,195m of drilling and prospecting
  • 2018: relogged 20 historical drill holes. Surface program and geophysics
  • 2019: 43-101 resources estimate, till survey
  • 2020: 8,710m of drilling
  • 2021: 4,866m of drilling & 2,602 line km borne magnetic survey
  • Jan, 2022: updated NI 43-101 resources
  • Total of 479 holes & 117,532m drilled to date

Chevrier: 2022 Resource Update

  • In January 2022, announced a 77% increase in open pit resources and a 39% increase in total gold resources1
  • Based on 220 holes and 63,640 m of drilling across the Main Zone
    • Completed 39 holes, 10,178 m following 2019 estimate
  • Main Zone comprised of 10 steeply dipping zones over 1,400 m by 200 m area
    • Azimuth~42° for most zones, but ~25° for Zones A & M
  • Pit wall expanded, incorporating new & deeper zones

1 Comparison of January 2022 resource estimate to the February 2019 resource estimate for the Main Zone at a cut-off of 0.30 g/t OP and 1.0 g/t UG

plan view of the Main Zone

Main Zone perspective view looking west

Near Term Resource Growth

Chevrier East Zone

  • 34 drill holes (8,520 m) and 133 surface channel samples (201.5 m of sampling)
  • Defined six shear zones over a 750 m strike
  • Further drilling required to confirm continuity of gold mineralization

Chevrier South Zone

  • Immediately SW and along strike of the Main Zone
  • 15 of 18 drillholes returned intercepts over 0.5 g/t Au
  • Identified 6 parallel zones over 1,200 m strike

Regional Targets Across This District Scale 290km² Property

  • Property is host to parallel breaks with over 20 km of largely untested potential
  • Identified 23 gold targets, including 6 high priority targets
    • Targets identified through systematic programs carried out since 2019
  • Genesis has completed regional programs including mapping, property-scale gold-in-till surveying, soil sampling and IP surveying
  • Genesis completed an initial ~3,400 m drill program in 2021 testing priority 1 target areas, where anomalous gold mineralization was identified