(TheNewswire)
Vancouver, B.C. - TheNewswire - November 19 , 2020: Gitennes ExplorationInc. ("Gitennes" or the"Company") - (TSXV:GIT) provides anupdate on exploration programmes on its Riviere-a-l'Aigle ( " RAL " ) and New Mosher gold properties in theChibougamau area of Quebec .
Gitennes has had two separate crews conducting thefirst phase of exploration on both the RAL and New Mosher properties. The programmes are being conducted by experienced technical teams fromKintavar Exploration Inc. which is the operator of both properties. Gitennes is earning up to an 85% interest in both properties fromKintavar.
New Mosher
New Mosher consists of 12 claims totaling approximately670 hectares and is located approximately four kilometres northeast ofthe past producing Joe Mann mine. Joe Mann produced approximately 1.5million ounces of gold at an average grade of 8.3 g/t gold (1) .
Gold mineralization on the P roperty is associated with quartzveins within sheared mafic volcanics and there are at least two"structural corridors" evident on the Property. The NewMosher showing, along the western corridor has a historically reportedgrade from a trench sample of 15 g/t gold and a historically reportedsurface sample returned 20 g/t gold. In addition, drilling in the1980's intersected 1.91 g/t gold over 4.9 metres (historicallyreported).
The first phase of exploration followi up on Kintavar'sprogramme in 2018 and will consist of:
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- Soil and till sampling;
- Line cutting;
- Induced Polarization ("IP") geophysicalsurvey; and
- Surface sampling
Soil sampling has beencompleted and 511 samples have been sent to the lab for multi-elementanalysis. Till sampling was completed over the target area in theeastern portion of the claims and an initial review of the samples hasreturned gold grains with some in pristine condition. Analysis on theheavy minerals concentrate of the till samples returned up to 0.19 g/tgold.
Of interest is that a re-interpretation of an IP surveyby a previous operator over the area of the till sampling has produceda chargeability anomaly that coincides with the southern projection ofthe eastern corridor. Line cutting will begin in late Novemberfollowed by the IP survey which will cover two target areas in thewestern portion of the claims. With the recognition of the chargeability anomaly on the eastern side of theproperty, the IP survey will be extended to cover the entire easternside.
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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.
RAL
The Property consists of 119 claims totaling 6,600hectares and it is located adjacent to Osisko Mining's Windfall EastProspect. Past work on the property by Kintavar(the operator) has detected up to 0.33 g/t gold and 1825 ppm arsenicin grab samples from surface outcrops. Previous till sampling onthree separate areas returned up to 64 gold grains on Grid B; up to 40gold grains on Grid C and up to 57 gold grains on Grid D. Inaddition, 33 grains of gold have been detected in a till sample on thesoutheastern portion of the property. Another sample contained 1950ppm copper and 2020 ppm nickel. Other work onthe Property by Kintavar has produced stronggeochemical anomalies in tills that appear to be associated with majorfaults and shear zone axes.
Kintavar has prioritized Grids B, C and D as the focus of Gitennes' first phase of exploration on theProperty. The first phase will consist of soil sampling, linecutting, and an IP survey on all three targets. To date, soilsampling has been completed on one target and samples have beensubmitted to the lab for processing. Soil sampling will continue onthe other target areas and line cutting will commence soon on allthree areas followed by the IP survey.
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 hasthree properties in Quebec, JMW, RAL and New Mosher, the Snowbird goldproperty in British Columbia and a 1.5% Net Smelter Return royalty onthe 18 million ounce Urumalqui Silver Project in Peru. JMW is 100%owned by Gitennes. RAL and New Mosher are under option and Gitennescan earn an initial 70% and has the right to increase its ownership to85%.
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:
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.
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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 historical areforward-looking statements and include any statements regardingbeliefs, plans, expectations and orientations regarding the future. Often, but not always, forward-looking statements can be identified bywords 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 statements containedin this news release are made as of the date of this news release and,except as otherwise required by law, the Company undertakes noobligation to update the forward-looking statements contained herein,or to update the reasons why actual results could differ from thoseprojected in these forward-looking statements.
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