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Gitennes Exploration Inc
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Close 2018-04-23 C$ 0.055
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Gitennes receives multiyear drilling permit for Snowbird

2018-04-24 10:40 ET - News Release

Mr. Ken Booth reports

GITENNES RECEIVES MULTI-YEAR PERMIT TO DRILL SNOWBIRD HIGH GRADE GOLD PROJECT

Gitennes Exploration Inc. has received a multiyear drilling permit for its high-grade Snowbird gold project, located near Fort St. James in British Columbia. The company has permitted 65 sites with several sites designated for more than one diamond drill hole. The sites that have been selected for drilling will cover all of the gold bearing zones at Snowbird as well as some of the prospective zones identified in the course of the 2017 program. Gitennes drilling programs are testing a large strike extent, up to 2.3 kilometres, that shows historic multigram gold intersections and is open along strike.

With the permit now in hand, the company plans to commence drilling in June, 2018, and has planned a phase 2 program of up to 2,000 metres to follow up on the positive results from the drilling program in 2017.

In November, 2017, Gitennes completed 1,212 metres in 10 holes at Snowbird. Highlights from the phase 1 drilling (Gitennes news release Dec. 13, 2017) are as follows:

  • Multigram intervals were intersected in seven out of 10 holes and include:
    • Hole SB17-04 -- 16.2 grams per tonne (g/t) gold over one metre;
    • Hole SB17-02 -- 9.73 g/t gold over 0.8 metre;
    • Hole SB17-08 -- 8.24 g/t gold over 0.52 metre;
  • Eight of the 10 drill holes intersected gold grades greater than one g/t.
  • Highest-grade gold intersected at relatively shallow depth, approximately 50 metres below the surface and remains open.
  • High-grade gold intercepts occur within and adjacent to the 25-metre-to-150-metre-wide Mariposite alteration zone in areas of high deformation (faulting/shearing) and are associated with key pathfinder elements arsenic and antimony.
  • Gold in quartz veins is hosted in the footwall and hangingwall of the ultramafic unit in close proximity to a thick mudstone unit. This association is contained within the 4.8-kilometre-long Sowchea fault. Elevated gold, arsenic and antimony have historically been determined to occur at several locations over 2.3 kilometres of the Sowchea fault. This target remains to be thoroughly drill tested.
  • Approximately 20 per cent of all drill core samples returned anomalous gold (over 0.1 g/t).

In the North zone, where the phase 2 program will commence, historical diamond drilling results include:

  • Hole 88-13 -- 16.26 g/t gold over 4 metres, including 48.4 g/t gold over one metre;
  • Hole 89-02 -- 11.89 g/t gold over 1.8 metres, including 28.1 g/t gold over 0.6 metre;
  • Hole 89-10 -- 9.63 g/t gold over 2.1 metres, including 13.75 g/t gold over 1.1 metre;
  • Hole 89-11 -- 7.66 g/t gold over 1.7 metres, including 17.76 g/t gold over 0.6 metre.

Readers are cautioned that a qualified person (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon.

About the Snowbird gold project

The Snowbird high-grade gold project was optioned by Gitennes in February, 2017. In 2017, Gitennes completed a high-resolution ground magnetometer survey, a detailed mapping of the Main zone and 1,212 metres of diamond drilling. The project covers approximately 3,100 hectares and is located 20 kilometres west of Fort St. James in B.C. Fort St. James is a full-service community providing infrastructure and skilled manpower. The project is orogenic in style and has been recognized as being similar to other lode gold systems that are associated with terrane boundary structures and ophiolite complexes within the Cordillera. Several examples of significant past producers include the Motherlode district and Quartz Hill in California and in B.C., respectively, Rossland, Bralorne and Barkerville. The Snowbird project is accessible year round via paved and dirt roads, and sits at a relatively low elevation with moderate relief (not exceeding 190 metres). The ease of access to all parts of the property enables cost-effective diamond drilling throughout the entire year.

About Gitennes Exploration Inc.

Gitennes is in the business of exploring for mineral deposits. Gitennes acquires properties directly by staking, through option agreements with prospectors or other exploration companies, and through reconnaissance programs.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Dean Fraser, PGeo, who is a qualified person within the meaning of NI 43-101.

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