GILXF - Gitennes Contracts Drilling Company for First Phase Diamond Drill Programme New Mosher Gold Property Chapais-Chibougamau area Quebec
(TheNewswire)
Vancouver, B.C. - TheNewswire- April 6 , 2021 - GitennesExploration Inc. ("Gitennes" or the"Company") (TSXV:GIT) (OTC:GILXF) announces that RJLL Drilling will conduct theCompany’s first phase of diamond drilling at the New Mosher goldproperty in the Chapais-Chibougamau area ofQuebec (see Figure 2). The first phase of drilling is planned for aminimum of 2,500 metres and is expected to commence in mid-April. Diamond drilling will initially target areas of I nduced P olarization , (“IP”) highchargeability , geophysicalanomalies that are associated with historic gold values in diamond drilling . The identifiedchargeability anomalies are similar in orientation and intensity to gold bearingstructures at the nearby Joe Mann Mine. New Mosher is located threekilometres from the past producing , Joe Mann Mine which produced approximately 1.2 millionounces of gold at an average grade of 8.3 g/t gold (1) plus silver and copper.
The upcoming drill programme will be the first diamonddrilling on the New Mosher Property since the late 1980’s. Twoprevious drill programmes consisting of limited shallow drill holesintersected gold on two of the Gitennes IP anomalies. Many additional IP anomalies have been detected both historically and in arecent survey and will be tested with the present drillprogramme.
Diamond drilling i nthe 1980’s intersected ( see Anomaly A, F igure1):
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- 8.1 g/t gold over 0.25metres ;
- 1.87 g/t gold over 5.1metres
In the mid-1950’s drilling intersected gold in fourof five holes ( see AnomalyB, F igure 1):
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- 3.40 g/t over 0.7m* at a down-holedepth of 65.2m,
- 1.28 g/t over 3.0m* at a down-holedepth of 57.9m,
- 0.87 g/t over 0.3m* at a down-holedepth of 41.7m and
- 0.29 g/t over 0.9m* at a down-holedepth of 37.7m.
Gitennes President Ken Booth commented “ T he Company is looking forward to thestart of drilling later this month. This is Gitennes first drillprogramme on its Quebec properties which are well located in a regionthat is host to several past gold producers and various high profilegold exploration projects. Recent compilationwork and geophysical surveys by Gitennes at New Mosher have revealedsimilarities between Joe Mann style mineralization, other goldmineralization in the area and the New Mosher Property. The Company is confident that the planned drill programmewill greatly aid in the geological interpretation of the New MosherProperty and understanding the gold mineralization thus far located onthe Property and will be used to plan additional drillprogrammes.
Figure 1: IP Chargeability high(shown in pink) with associated features and historic drilling.
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(1) Readers are cautioned thatthe Company has no interest in or right to acquire any interest in theJoe Mann mine and that mineral deposits andproduction results from the Joe Mann mine are not indicative ofmineral deposits on the Company's properties or any potentialexploitation thereof. Source: Technical Reporton the Joe Mann Mining Property dated January 11, 2016, prepared byGeologica Inc.
* True widths are not known at thistime
Figure 2: Quebec properties –JMW and Maxwell 100%, New Mosher & RAL – option to earn up to85%
About Gitennes ExplorationInc.
Gitennes is in the business of exploring for andadvancing mineral properties with a focus on high grade gold. TheCompany currently has four properties in Quebec: JMW, RAL, New Mosherand Maxwell, the Snowbird gold property in British Columbia and a 1.5%Net Smelter Return royalty on the 18 million ounce Urumalqui SilverProject in Peru. JMW and Maxwell are 100% owned by Gitennes. RALand New Mosher are under option from Kintavar Exploration and Gitennescan earn an initial 70% and has the right to increase its ownership to85%. The Snowbird Property was recently optioned to a goldexploration company.
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 its Canadianregulatory filings on SEDAR at www.sedar.com .
Gitennes Exploration Inc.
“Ken Booth”
Ken Booth
President
For further information, please contact: KenBooth
Phone: 604-682-7970, Email: info@gitennes.com
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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 any property Options and to conduct exploration activities thereon. Actual results could differ from those projected in anyforward-looking statements due to numerous factors including risks anduncertainties relating to exploration and development and actualresults of exploration activities; the ability of the Company toobtain additional financing; delays in obtaining governmental andregulatory approvals (including of the TSX-V), permits or financing;the need to comply with environmental and governmental regulations;potential defects in title to the Company's properties; fluctuationsin the prices of commodities and precious metals; operating hazardsand risks; environmental issues and liabilities; and competition andother risks and uncertainties of the mining industry. Although theCompany believes that the beliefs, plans, expectations and intentionscontained in this news release are reasonable, there can be noassurance that those beliefs, plans, expectations or intentions willprove to be accurate. Readers should consider all of the informationset forth herein and should review the Company’s periodic reportsfiled from time-to-time with Canadian securities regulators. Thesereports and the Company's filings are available at www.sedar.com.
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