Genesis more than doubles Ulysses

GENESIS Minerals has reported a 137% jump in gold resources at its flagship Ulysses gold project near Leonora.

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Drilling at Ulysses

Ulysses now has a measured, indicated and inferred resource of 7.1 million tonnes at 3.3 grams per tonne gold for 760,000 ounces of gold, using a 0.75gpt cut-off above 200RL and 2gpt below.

That compares to the previous number of 323,000oz at 3gpt gold.

Measured and indicated resources jumped by 162% to 471,000oz.

The resource also contains a high-grade component of 4.1Mt at 4.7gpt gold for 628,000oz of gold, including four high-grade shoots containing 356,000oz at 6.9gpt, reported at a 2gpt cut-off.

The resource extends over a strike length of over 2km and remains open at depth and along strike.

Genesis managing director Michael Fowler said the updated resource was a milestone for the company.

"Since acquiring the Ulysses project three...

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