The Critical Investor takes an in-depth look at Genesis Metals, which is developing a new geologic model for its 100%-owned flagship Chevrier Gold deposit in Quebec.
Being established at the peak of the last precious metals bull market as its predecessor Entourage Metals, junior explorer Genesis Metals Corp. (GIS:TSX.V; GGISF:OTC) didn’t have the easiest of times to make a name for itself. Despite a set of very prospective claims and a very experienced team of well-known geologists, things went south during the bear market as significant new discoveries couldn’t be made at the time.
After Entourage Metals acquired Tawsho Mining on March 1, 2016, in an all-equity deal, they received ownership of the Chevrier Gold project in Quebec, and changed their name into Genesis Metals, effective on March 2, 2016, as they became a different company with a much more advanced asset. The Chevrier Gold project is the current flagship project of Genesis Metals, and albeit with a small resource, there is a lot of potential to expand this into something substantial. New capital is being raised at the moment, and new drill- and exploration programs will start soon, aiming at significantly improving the understanding of Chevrier. And this is just the beginning.
All presented tables are my own material, unless stated otherwise.
All pictures are company material, unless stated otherwise.
All currencies are in US Dollars, unless stated otherwise.
The company
Genesis Metals is a Canadian exploration and development company focused on creating shareholder value through advancing gold projects in Quebec and Ontario. The company is developing a new geologic model for its fully owned flagship Chevrier Gold deposit in Chibougamau, Quebec, and is determining a strategy for the fully owned October Gold property in Ontario, located in the vicinity of, and on trend with, Goldcorp’s Borden Lake deposit …read more