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Finlayson’s arrival at Genesis.
“Even when we were at Saracen, we really liked the ground
package and the work Michael was doing,” Finlayson said. “We
held just under 5% of the company back then and only sold out
as part of the Super Pit transaction.”
It is easy to see the geological attraction. Genesis picked
up Ulysses in 2015 with the intention of taking it quickly into
production.
Sons of Gwalia had produced just under 24,985oz from the
deposit in 2002 before stopping due to the low gold price and a
4.75% royalty activated after production reached 25,000oz.
The Grand Hotel, Kookynie where a young Raleigh Finlayson
Genesis saw opportunity to quickly exploit the 138,000oz @ 2.1
spent many of his weekends
g/t resource, which it did via two mining/toll treatment campaigns
in 2016 and 2017. After those campaigns, Genesis returned to of Puzzle North highlight the potential Genesis can unearth now
the drill bit, growing total resources to 27.3mt @ 1.8 g/t for 1.608 it has a dominant land position in the district.
moz gold by March 2021.
“You can draw the comparison with Capricorn [Metals Ltd],
The Kookynie tenements – total resource 414,000oz @ 1.5 particularly the Mt Gibson acquisition. Both companies are
g/t gold – were added in June 2020, consolidating the area bringing together ground which has always had fragmented
south-east of Ulysses. When Genesis made the Puzzle North ownership and has therefore missed out on exploration. This
discovery there in April 2021, a clear line-of-sight to a standalone area has been particularly fragmented – there must be 10
operation was emerging for the first time. companies exploring within 50km of us – but to the east and
Finlayson shares his predecessor’s belief in the potential of further south you have major miners like Gold Fields [Ltd], St
Ulysses and the wider Kookynie area. Barbara [Ltd] and Northern Star [Resources Ltd]. Genesis is the
“We already really liked Ulysses but when Michael picked up the first to consolidate the district, so we see a lot more scope for
Kookyinie tenements and made the discovery of Puzzle North growth.”
within a few months, it really showed the potential,” Finlayson Deeper drilling will likely to be the key to discovery at Kookynie
said. just as it has been at Ulysses, where Genesis’ found success
For Finlayson, the resource addition at Ulysses and the discovery through delineation of high-grade lodes at depth.

Genesis’ original strategy at Ulysses was to focus on campaign
mining and toll-treatment before returning to exploration

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