MONTRÉAL, July 12,
2023 /CNW/ - Genius Metals Inc. (TSXV: GENI) ("Genius
Metals" or the "Company") is pleased to announce the imminent
property-wide prospection campaign on its recently acquired Paka
property located approximately 8 kilometers SE of the Corvette
property owned by Patriot Battery Metals (TSXV:PMET).
2023 Exploration
Campaign
The exploration follows the Company's intent to assess the
lithium potential of the Sakami and Iserhoff properties (see
Genius' press release dated June 14,
2023). The Paka prospecting campaign will identify and
sample lithium-bearing pegmatites as soon as the current
restrictions related to forest fires are lifted. The database from
the Ministère des Ressources Naturelles du Québec has identified
several granitic outcrops, often pegmatitic on the Paka property
and the surrounding areas. Those outcrops will be investigated by
the Company as priority targets. The property has received limited
exploration; only two assayed samples were reported from the
property.
*Genius Metals cautions that mineralization hosted on
adjacent or nearby properties is not necessarily indicative of the
mineralization hosted on its properties.
About the Paka Property
On June 27, 2023, the Company
announced that it had completed the acquisition of 100% interest in
the Paka lithium property located approximately 8 kilometers SE of
the Corvette property owned by Patriot Battery Metals (TSXV:PMET).
The property is made of 189 contiguous claims covering more than 97
km2 and is located in the Archean La Grande greenstone
belt where recent discoveries of lithium mineralization (i.e.,
Cancet, Corvette, Adina, James Bay
and Wabouchi) attest to the high lithium potential of the region
(figure 1). The Paka property is surrounded by numerous
biotite-muscovite granitic plutons which are commonly associated
with LCT (lithium-cesium-tantalum) granitic pegmatite dykes. There
are major structural breaks on the property and the surrounding
areas which constitute pathways for the intrusion of late-stage
granites and granitic pegmatites with high lithium potential. The
vegetal cover is sparse and the claim ground is covered by glacial
till and lacustrine sediments. There are numerous small lakes and
bogs and the density of outcrops is poor to moderate.
On July 7, 2023, the Company has
received the formal approbation from the TSX Venture
Exchange for the acquisition of the Paka property.
*Genius Metals cautions that mineralization hosted on
adjacent or nearby properties is not necessarily indicative of the
mineralization hosted on its properties.
Qualified Person
The technical information contained in this news release was
reviewed and approved by Michel
Boily, Ph.D., P. Geo, qualified person under NI 43-101.
About Genius Metals
Genius Metals is a Canadian mineral exploration company focused
on the acquisition, exploration and, if warranted, development of
natural resource properties of merit in Canada.
Forward-Looking Statements and
Disclaimer
Certain information contained herein may constitute
"forward-looking information" under Canadian securities
legislation. Generally, forward-looking information can be
identified using forward-looking terminology such as, "will be",
"expected" or variations of such words and phrases or statements
that certain actions, events or results "will" occur.
Forward-looking statements, including statements relating to the
exercise of the Option under the Option Agreement and the timing
and amount of Expenditures funded by Clarity and statements
relating to the expected findings on the Property, are based on the
Corporation's estimates and are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Corporation
to be materially different from those expressed or implied by such
forward-looking statements or forward-looking information. There
can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements and
forward-looking information. The Corporation will not update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
SOURCE Genius Metals Inc.