An already defined gold resource in the Chibougamau Camp

Updated Resource

with 77% increase in open pit

18 km from Philibert

Current Resource only 18 km from Philibert.

652,000oz Au

Inferred Resources: 15.7 Mt at 1.29 g/t Au for 652,000 oz Au.

260,000oz Au

Indicated Resources: 6.4 Mt at 1.26 g/t Au for 260,000 oz Au.

The Property

Location & Property​
~35 km to southwest of Chibougamau, Quebec​
574 mineral claims totaling 290 km2 within the Abitibi Greenstone Belt

Key Deposits​
Property covers 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) aEast Zone: 6 shear zones over 750 m down-dip, not included in current resource

Project Highlights​
Jan 2022: updated NI 43-101 resource​
Total of 479 holes & 117,532 m drilled to date​
Total Indicated Resources: 6.4 Mt at 1.26 g/t Au for 260,000 oz Au; Inferred Resources: 15.7 Mt at 1.29 g/t Au for 652,000 oz Au

The Property

  • In January 2022, announced a 77% increase in open pit resources and a 39% increase in total gold resources1​​
  • Main Zone comprised of 10 steeply dipping zones over 1,400 m by 200 m area​​
  • Pit wall expanded, incorporating new & deeper zones​​
  • Blue Sky potential with drill ready targets within and beyond the OP and UG resources​

See Genesis’ press release dated January 24, 2022 and NI 43-101 Technical Report: “Mineral Resource Estimation for the Chevrier Main Deposit, Chevrier Project” with an effective date of October 20, 2021. Resource estimate based on the following open pit and underground resource assumptions:​

  • Gold price of US$1,800/oz​
  • Exchange rate of C$1.30:US$1.00​
  • Open pit mining cost of C$2.60/tonne​
  • Underground mining cost of C$50.00/tonne​
  • Processing and G&A cost of C$20.00/tonne​
  • Mill recovery of 95%​

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​

Chevrier Project New Gold Targets