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Genesis Metals Corp
Symbol GIS
Shares Issued 41,159,604
Close 2017-01-11 C$ 0.14
Market Cap C$ 5,762,345
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Genesis Metals begins fieldwork at Chevrier

2017-01-12 10:44 ET - News Release

Mr. Brian Groves reports

GENESIS METALS ANNOUNCES START OF 2017 FIELD WORK AT CHEVRIER

Genesis Metals Corp. has commenced fieldwork at its 100-per-cent-owned Chevrier gold project near Chibougamau, Que.

Line cutting is under way on grids which cover four of six high-priority target areas that have been defined from the compilation of all data from the project. The four target areas are located to the west and north respectively of the main zone of gold mineralization at Chevrier. Each target is from one to three kilometres in length and encompasses an area considered prospective for mineralization. The assessment of prospectivity is based on available geological and structural mapping data that suggest environments considered favourable for hosting gold mineralization.

Upon completion of line cutting, approximately 50 line kilometres of induced polarization (IP) geophysical surveying will be undertaken. The resulting data will enable the company to better define specific areas, within the broader targets, for further evaluation by detailed geological mapping, trenching and drilling in 2017.

Chief executive officer Brian Groves commented: "Our decision to initiate our field programs is consistent with the strategy to evaluate the prospectivity of the entire project. Most of the previous work on the project has been focused within the immediate area of the main zone. While we plan to assess the potential for expansion of the main zone during the year, we also believe that the entire deformation corridor is prospective and requires detailed evaluation to generate new targets for drilling."

Andre Liboiron, PGeo, exploration manager for the company and the qualified person as defined within National Instrument 43-101 for the Chevrier project, has reviewed the contents of this news release.

About Genesis Metals Corp.

Genesis Metals is focused on advancing the Chevrier gold project located 35 kilometres southwest of Chibougamau, Que. The project is located along the Fancamp deformation zone, 15 kilometres northeast of the high-grade Monster Lake gold discovery.

The company also owns a 100-per-cent interest in the 203-square-kilometre October gold project located in the southern Swayze greenstone belt in Benton township, Ontario. This project is located 35 kilometres northwest of Iamgold's Cote Lake deposit and 50 kilometres southeast of Goldcorp's Borden gold deposit.

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