There’s gold in the hills of Quebec, and that has Vancouver-headquartered Genesis Metals Corp (TSX-Venture: GIS) singing a happy tune.
The company has commenced Phase II of the previously announced staged minimum 8,000-metre fully-funded 2020 diamond drilling program at its Chevrier Gold Project in the eastern Abitibi Greenstone Belt of Central Quebec.
It also says the current phase of drilling is expected to comprise a minimum of 5,500 metres in approximately 24 holes.
The 290-square-kilometre (give or take) road accessible Chevrier property covers a 15-kilometre extent of the Fancamp Deformation Zone, along which zones of gold mineralization are associated with high strain zones in predominantly mafic volcanic and sub-volcanic rocks.
Initial tests of the previously undrilled area 800 metres northeast (up-ice) of till anomaly #3 where a cluster of prospecting grab samples from 2017 with assays including 17.8 g/t gold, 10.8 g/t gold, 3.5 g/t gold and 1.94 g/t gold were reported in another news release in June.
GIS shares tallied 1.5 cents, or 5.7%, to 28 cents, on volume exceeding 123,000 shares.
