Genius Metals Inc. Announces AGM Results and Update on Sakami Project
MONTRÉAL, Feb. 9, 2021 - Genius Metals Inc. (CSE: GENI) ("Genius Metals" or the "Corporation") is pleased to report the voting results of its 2021 annual meeting of shareholders held virtually on February 3, 2021. A total of 10,781,529 Common Shares or 37.96 % of the issued and outstanding Common Shares of the corporation were represented in person or by proxy at the meeting. The nominees listed in the management information circular, John G. Booth, René Branchaud, Guy Goulet, David A. Shaw and Hubert Vallée were re-elected as directors of the Corporation.
Shareholders approved the re-appointment of Raymond, Chabot, Grant Thornton LLP, Chartered Professional Accountants as the Corporation's auditor.
Winter Exploration Campaign at Sakami
Genius Metals has launched its winter exploration campaign on the Sakami property in December starting with line-cutting to conduct a 42 km IP survey on the Lamarche gold prospect during January and February. The line-cutting is now completed and TMC Géophysique was mobilized on January 21st to carry out the geophysical survey. As of February 5th, 65% of the survey was completed and the Corporation anticipates the survey to be completed by the end of February. Concurrently a high-resolution drone MAG survey was carried out on the new grid and, with the help of the IP survey results, will guide future trenching work and define new drill targets. Note that an IP survey has already been performed on the GoldenEye gold prospect.
The Corporation will conduct 2,000-3,500m of exploratory diamond drilling on the Lamarche and GoldenEye prospects upon the completion of the geophysical surveys. The company does not expect significant issues or disruptions related to the COVID-19 pandemic to its planned work program.
The technical and scientific content of this release has been reviewed and approved by Michel Boily, PhD, P.Geo, VP Exploration for Genius and Qualified Person (QP) as defined by 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.
The CSE has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
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 by the use of 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 the expectations of the Corporation's management regarding the use of proceeds of the Private Placement, 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.
SOURCE Genius Metals Inc.
Contact
Genius Metals Inc., Tel.: 579-476-7000; Pierre-Olivier Goulet, Vice-President Corporate Development, Email: pogoulet@geniusmetals.com, 1-450-821-5270; Guy Goulet, President and CEO, Email: ggoulet@geniusmetals.com, 1-514-294-7000