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home / news releases / GILXF - Gitennes Adds Strategic Claims to Cover Gold in Tills and Structures at Maxwell Property Chapais-Chibougamau Area Quebec


GILXF - Gitennes Adds Strategic Claims to Cover Gold in Tills and Structures at Maxwell Property Chapais-Chibougamau Area Quebec

(TheNewswire)



Vancouver, B.C. - TheNewswire - April 8, 2021 : Gitennes ExplorationInc. ("Gitennes" or the"Company") – (TSXV:GIT) announcesthat it has staked an additional 50 claims totaling 2,740 hectares adjoining its 100% owned Maxwell Property bringing the property totalto 9,430 hectares. The new claims(show n in yellow,Figure 1) are on the southwestern boundary of the Maxwell Property andcover three samples with 0.014, 0.028 and 0.041 g/t gold in finefraction tills associated with northeast trending, fault structures. The anomalous till samples cover approximately five kilometres of strike length. Additionally, Iamgold Corporation has recently staked claims closeto the northwestern boundary of the Maxwell Property.  The GitennesMaxwell Property is now situated between two ofIamgold’s properties with the Monster Lakehigh grade gold property six km to the east (see Figure 1)

Maxwell PropertyHighlights

  • - Anomalous gold in fine fraction till, up to 820 ppb (0.82 g/t);

    - Anomalous gold in heavy fraction till, up to 340 ppb (0.34 g/t) ;

    - Gold in tills associated with mappedstructures;

    - Structures are northeast trending and parallelstructures at Iamgold’s Monster Lake gold property;

    - Geology is very favourable

    • - Volcanic environment with massive sulphide horizonsintersected in drilling;

      - Previously mapped as intrusive;

    - Channel samples by previous operatorsreturned:

    • - 2.0% copper over 0.5 metres and 1. 2% copper over 0.15 metres;

    - Very little previous exploration:

    • - Several untested EM (Electromagnetic)anomalies

    - 100% ownership, no royalties;

    - Infrastructure is good – road accessible, powerlinecrosses the property


Click Image To View Full Size

Figure 1 – Maxwell Property ShowingNew Claims in Yellow


Click Image To View Full Size

About Gitennes ExplorationInc.

Gitennes is in the business of exploring for andadvancing mineral properties with a focus on high grade or large tonnage gold deposits .  The Company currently hasfour properties in Quebec, JMW, Maxwell RAL and New Mosher, theSnowbird gold property in British Columbia and a 1.5% Net SmelterReturn royalty on the 18 million ounce Urumalqui Silver Project inPeru.  JMW and Maxwell are 100% owned by Gitennes.  RAL and NewMosher are under option and Gitennes can earn an initial 70% and hasthe right to increase its ownership to 85%.

Qualified Person

The scientific and technical information contained inthis news release has been reviewed and approved by Wayne Holmstead(P.Geo.), who is a "qualified person" within the meaning ofNational Instrument 43-101.

For further information on the Company, readers arereferred to the Company’s website at www.gitennes.com and itsCanadian regulatory filings on SEDAR at www.sedar.com .

Gitennes Exploration Inc.

“Ken Booth”

Ken Booth
President

For further information, please contact:
Ken Booth

Phone:  604-682-7970

Email:  info@gitennes.com

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.

Not for distribution to UnitedStates newswire services or for release, publication, distribution ordissemination directly, or indirectly, in whole or in part, in or intothe United States.

Cautionary Note RegardingForward-Looking Information

This news release includes certain statements thatconstitute "forward-looking information" within the meaningof applicable Canadian securities laws concerning the business,operations and financial performance and condition of the Company. All statements in this news release that are not purely historicalare forward-looking statements and include any statements regardingbeliefs, plans, expectations and orientations regarding the future. Often, but not always, forward-looking statements can be identifiedby words such as "pro forma", "plans","expects", "may", "should","budget", "schedules", estimates","forecasts", "intends", "anticipates","believes", "potential" or variations of suchwords including negative variations thereof and phrases that refer tocertain actions, events or results that may, could, would, might orwill occur or be taken or achieved.  Such forward-looking statementsinclude, among others, statements as to the anticipated business plansand timing of future activities of the Company, including the exerciseof the Option to acquire the Snowbird Project and to conductexploration activities thereon.  Actual results could differ fromthose projected in any forward-looking statements due to numerousfactors including risks and uncertainties relating to exploration anddevelopment and actual results of exploration activities; the abilityof the Company to obtain additional financing; delays in obtaininggovernmental and regulatory approvals (including of the TSX-V),permits or financing; the need to comply with environmental andgovernmental regulations; potential defects in title to the Company'sproperties; fluctuations in the prices of commodities and preciousmetals; operating hazards and risks; environmental issues andliabilities; and competition and other risks and uncertainties of themining industry.  Although the Company believes that the beliefs,plans, expectations and intentions contained in this news release arereasonable, there can be no assurance that those beliefs, plans,expectations or intentions will prove to be accurate.  Readers shouldconsider all of the information set forth herein and should review theCompany’s periodic reports filed from time-to-time with Canadiansecurities regulators.  These reports and the Company's filings areavailable at www.sedar.com.

Readers are cautioned not to place undue reliance onforward-looking statements.   The forward-looking statementscontained in this news release are made as of the date of this newsrelease and, except as otherwise required by law, the Companyundertakes no obligation to update the forward-looking statementscontained herein, or to update the reasons why actual results coulddiffer from those projected in these forward-looking statements.

Copyright (c) 2021 TheNewswire - All rights reserved.

Stock Information

Company Name: Gitennes Expl Inc
Stock Symbol: GILXF
Market: OTC
Website: gitennes.com

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