GIT:CC - Gitennes' JMW Gold Property Diamond Drilling Commences Chapais-Chibougamau Area Quebec
(TheNewswire)
Vancouver, B.C., - TheNewswire- December 5 , 2022:Gitennes Exploration Inc. ("Gitennes"or the "Company") – (TSXV:GIT)announces that diamond drilling has commenced on its 100% owned JMWgold property in the Chapais-Chibougamau area ofQuebec (see Figure 2). The JMW property was recently optioned toNewfoundland Discovery Corp. and Gitennes is the operator.
The diamond drilling programme is planned forapproximately 1,200 metres in six holes and will follow up on resultsof Gitennes’ Induced Polarization (“IP”) geophysical survey andhistorical work. Three distinct styles of mineralization/targetshave been identified on JMW (Figure 2) and thirteen zones of interest from the IP survey are highlighted by chargeability anomalies (SeeFigure 2 dark lines). Strong anomalies occur in the sedimentaryrocks and these rocks are known to host gold deposits and occurrencesin the Chapais-Chibougamau area. The planned drilling programme willtarget both sedimentary and intrusiverocks.
Figure 1 : Geology, ExplorationTarget Areas and Induced PolarizationChargeability Anomalies. White lines were surveyed by IP, Magnetometerand VLF=EM. Red Lines were surveyed by magnetometer and VLF-EMonly
Figure 2: JMW Property andGitennes’ other properties in Chapais – Chibougamau 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 three properties in the Chapais-Chibougamau areaof Quebec: New Mosher, JMW and Maxwell, and three properties in theGaspe Region of Quebec: VG Boulder, Serpenphior and Puma, the Snowbirdgold property in British Columbia and a 1.5% Net Smelter Returnroyalty on the 18 million ounce Urumalqui Silver Project in Peru. All properties are 100% owned by Gitennes except for New Mosherwhich is under option and Gitennes can earn an initial 70% and has theright to increase its ownership to 85%. The JMW, Maxwell andSnowbird Properties have been optioned to gold explorationcompanies.
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.
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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 anystatements regarding beliefs, plans, expectations and orientationsregarding the future. Often, but not always, forward-lookingstatements can be identified by words such as "pro forma","plans", "expects", "may","should", "budget", "schedules",estimates", "forecasts", "intends","anticipates", "believes", "potential"or variations of such words including negative variations thereof andphrases that refer to certain actions, events or results that may,could, would, might or will occur or be taken or achieved. Suchforward-looking statements include, among others, statements as to theanticipated business plans and timing of future activities of theCompany, including the exercise of any property Options 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.
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