GILXF - Gitennes Induced Polarization Survey on JMW Property Confirms Potential Targets for Gold Mineralization Chapais-Chibougamau Area Quebec
(TheNewswire)
Vancouver, B.C. - TheNewswire- July 26 , 2021 - GitennesExploration Inc. ("Gitennes" or the"Company") (TSXV:GIT) (OTC:GILXF) announces that the recentlycompleted 24 line kilometer Induced Polarization (“IP”) survey onits 100% owned JMW goldproperty located in the Chapais-Chibougamau areaof Quebec has produced positive preliminary results and targets forfurther work. The IP survey covered threedistinct types of mineralization/targets (Figure 3) that the Companyhas identified f ro m reviewof work by previous operators.
Highlights of the IP Survey
-
- First survey to cover the entire property. Past surveys and drilling on the property focused on a narrow, 1.5kilometre strip in the vicinity of the Guercheville faultzone which covers lessthan 50% of the existing property.
- All three target areas surveyed, includingprospective sedimentary rocks and intrusive rocks of tonaliticcomposition that have seen little exploration in the past
Figure 1: Typical Pseudo-section from the recentlycompleted IPsurvey demonstrating the different styles of gold mineralization onthe JMW Property.
Figure 2: Typical Historical Drill Cross Sectionshowing Target 1 Mineralization
Target Areas on JMW (Figure 1 and 3 ) :
Target 1 :Drilling in the 1980’s was relatively shallow and gold intersectionshave demonstrated good widths 9-12 metres with grades from 0.5 to 0.8g/t gold. This could indicate that drilling intersected theperipheral margin of more significant grades, possibly atdepth;
Target 2 : Morerecently, work by previous operators has focussed on areas north ofthe 1980’s drilling. Grab samples included; 5.02, 4.83, and 4.08g/t gold in intrusive rocks with quartz veining and disseminatedpyrite as well as altered porphyritic rocks with quartz veining and pyrite mineralization;
Target 3 :Current exploration on strike with the JMW property by other companieshas indicated that gold may also be associated with sedimentary rocksto the south of the Guercheville Deformation Zone. The JMW propertyhas a thick sequence of these rocks that have seen little explorationin the past.
Figure 3 :Exploration Target Areas on the JMW Property
About the JMW Property
JMW is located along the Guercheville Deformation Zonewhich is host to past producers of gold andcopper and many gold projects that are currently active (Figure 4). T he past producing Joe Mann M ine is locatedapproximately 45 km east on the Guercheville structure The Joe Mann mine produced approximately 1.5 millionounces of gold at an average grade of 8.3 g/t gold (1) . T he Fenton-Sud Prospect which has ahistorically reported 426,173 tonnes at a grade of 4.66 g/tgold (1) is located about12 km northwest of the JMW property on the same trend.
-
(1) Readers are cautioned thatthe Company has no interest in or right to acquire any interest in theJoe Mann mine or Fenton Sud Property , and that mineral deposits and production results from theJoe Mann mine are not indicative of mineral deposits on the Company'sproperties or any potential exploitation thereof .
In addition, companiessuch as Northern Superior and Vanstar-Iamgold are actively exploringstructural zones in the sedimentary rocks south of the GuerchevilleFault Zone. Northern Superior Resources recently reported drillintersections of 2.02 g/t AuEq over 42.60m at Lac Surprise located about 30 km southwest of the JMW Property(See Northern Superior Press Release July 6, 2021). Immediately tothe east of the Northern Superior Property is the Nelligan propertywith a resource of 97 Mt grading 1.02 g/t gold.
The mineralization on the Northern Superior andVanstar-Iamgold is hosted in sedimentary rocks (mainly greywacke) withmoderate to strong pyrite content varying between 2% to 6% mostly inthin dissemination, fractures, veinlets controlled and often instringers) spatially related to moderate to strong silicification andsericitization.
The southern portion of the JMW property hosts geologysimilar to the Northern Superior and Vanstar-Iamgold (Target 3 above). The moderate to strong pyrite content would be detected by InducedPolarization surveys. The recent IP survey completed by Gitennes onthe JMW property has detected strong IP chargeability anomalies in thesediments south of the Guercheville Fault. (See Figure 2)
Exploration by previous operators included airborne andground geophysical surveys, geological mapping, prospecting anddiamond drilling. The majority of the past work was done in the1980’s in the vicinity of the Guercheville Deformation Zone in apackage of felsic to mafic volcanic rocks, intruded by porphyriticrocks all with varying degrees of sulphide and quartz mineralization. Gold mineralization detected in the past has been associated withthe mineralized porphyritic rocks and sericite schists (altered felsicvolcanics). Diamond drilling in the 1980’s included:
-
- 0.52 g/t gold over 12.2 metres in a mineralized,felsic porphyry intruded into sericite schists.
- 0.31 g/t gold over 11.6 metres was intersected about60 metres downhole near the south boundary of a felsic porphyryintrusion with quartz veining and pyrite mineralization.
- 0.83 g/t gold over 9.1 metres also in a mineralized,felsic porphyry in between mafic volcanic rocks to the north andsericite schists to the south.
Figure 4: JMW Property Location Map with SignificantExploration in the Area
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 and Gitennes can earn an initial 70%and has the 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 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
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 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.
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.