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Genesis Minerals confirms extensive gold zone at Ulysses project

Genesis Minerals Ltd. on Jan. 25 said it confirmed an extensive gold zone at its Ulysses gold project in Western Australia following an 81-hole aircore drilling program totaling 5,377 meters at the site.

Significant new results at the Ulysses East prospect include 10 meters grading 1.22 g/t of gold including 5 meters grading 2.32 g/t of gold, and 15 meters grading 1.49 g/t of gold including 5 meters grading 3.41 g/t of gold.

Ulysses East measures 1.3 kilometers in length, bringing the combined high-priority target zone, including the existing Ulysses mineral resource, to over 3 kilometers of strike.

The company also said positive performance from the recent open-pit mining campaign at Ulysses West continues, with grade reconciliation of milled ore exceeding the mine claimed grade.

Follow-up reverse circulation drilling at Ulysses East, together with aircore drilling of untested strike parallel trends, will commence in February.