Preliminary Results at the Blockhouse Gold Property
MONTREAL, QUEBEC--(Marketwired - Feb 28, 2017) - Genius Properties Ltd. (CSE:GNI)(CSE:GNI.CN) ("Genius" or the "Corporation") is pleased to announce that preliminary results at Blockhouse indicates a new gold zone.
In January 2017, 644m of NQ core was drilled at Blockhouse, Nova Scotia. The drilling was completed in late January 2017. Drilling targeted 2 geophysics targets outlined in the 2016 IP survey and all three known fissure type veins on the property. Additionally, two holes perpendicular to bedding were completed. Preliminary results showed a new zone of Au mineralized quartz veins along a wider, perpendicular structure to the previously mined Prest fissure vein.
Hole BH-17-01 was drilled NW perpendicular to bedding back towards the historic mine workings. The hole was spotted so that it would intersect a historically mapped fault, intersect the Prest vein below historic workings and intersect a geophysics anomaly outlined in the 2016 ground IP survey. This is the first drilling done to date at Blockhouse that was not directly targeting the Prest vein. Results were encouraging as a previously unknown zone of quartz veins with VG through the fault, showed 1.1g/t Au over 9.55m, with subintervals of 1.6g/t Au over 6.2m and 3.4 g/t Au over 2.1m and including peak grades of 25.7 g/t over 0.22m and 7.1 g/t over 0.24m. The true widths, extent and orientation of the zone are not yet understood.
| DDH # | X (NAD83) | Y (NAD83) | Azimuth (degrees) | Dip (degrees) | Depth (m) | From (m) | To(m) | Interval(m) | Gold (g/t) |
| BH-17-01 | 386883 | 4921246 | 340 | -55 | 146 | 36.7 | 46.25 | 9.55 | 1.1 |
| BH-17-02 | 386883 | 4921246 | 80 | -45 | 38 | Results Pending | |||
| BH-17-03 | 386880 | 4921246 | 80 | -90 | 137 | 92.8 | 93.8 | 1.00 | 0.9 |
| BH-17-04 | 386857 | 4921367 | 45 | -45 | 65 | Results Pending | |||
| BH-17-05 | 386763 | 4921431 | 340 | -45 | 80 | Results Pending | |||
| BH-17-06 | 386873 | 4921242 | 80 | -90 | 119 | Results Pending | |||
| BH-17-07 | 386889 | 4921273 | 280 | -70 | 59 | Results Pending | |||
Additional samples have been sent to Actlabs, including several intersections of the Prest vein, the east vein, the geophysics targets, and additional quartz veins through the fault. The additional results should aid in defining the orientation of the new gold zone at Blockhouse.
Core was boxed on site by the drill crew and transported to the core shack by Genius personnel. Core was then logged and marked for sampling. Samples were sawn in half with a diamond blade core saw. Half was sent to Activation Laboratories in Ancaster, On in sealed bags, while half was retained. Once at Actlabs, samples were pulverized and fire assayed with Code 1A2-30. Samples containing visible gold were also submitted for metallic screening, Code 1A4(100 mesh). QAQC procedures included the systematic insertion of certified reference standards and blanks which were reviewed to verify the integrity of the lab results.
The technical sections of this press release have been prepared and reviewed by Alex Mackay, P.Geo., and qualified person according to NI 43-101 guidelines.
About Genius Properties
Genius is a Canadian mineral exploration company focused on developing projects with some of the world's most critical metals and minerals for use in various industries including in particular, batteries for storing electrical energy and the raw materials essential for Lithium-ion battery production.
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