Mr. Ken Booth reports
GITENNES SECOND PHASE DIAMOND DRILL PROGRAMME COMMENCES AT NEW MOSHER GOLD PROPERTY, CHAPAIS-CHIBOUGAMAU AREA, QUEBEC
Gitennes
Exploration Inc.
has commenced the second phase of diamond drilling at its New Mosher gold property, Chapais-Chibougamau area of Quebec. Two holes have been completed and both holes successfully intersected the mineralized zone at the New Mosher showing. The New Mosher showing is the focus of the second phase of drilling which is planned for a minimum of 1,000 metres.
In the first phase of drilling the company encountered significant widths of anomalous gold (see highlights). In addition to Gitennes' encouraging results from the first diamond drill program the New Mosher showing has gold in historical drilling, 8.1 grams per tonne gold over 0.25
metre
and 1.87 g/t gold over 5.1
metres
and grab samples assaying 16 g/t gold and 5.66 g/t gold.
Highlights of first diamond drilling program
-
Gold intersected over significant widths:
- 22 metres
in hole NM 21-02 grading 0.25 g/t gold;
-
Nine metres
in hole NM 21-11 grading 0.71 g/t gold;
-
Five metres
in hole NM 21-08 grading 0.68 g/t gold;
- Gold intersections are
shallow;
-
10 of 19 holes
intersected anomalous gold mineralization;
-
All three areas tested intersected gold
mineralization;
-
Broad zones of gold mineralization correlate well with previously identified induced polarization anomalies;
-
Associated with intense
alteration with
quartz-carbonate veining,
pyrite, pyrrhotite, chalcopyrite and arsenopyrite.
The New Mosher property is located three kilometres from the past-producing Joe Mann mine which produced approximately 1.2 million ounces of gold at an average grade of 8.3 g/t gold
(1.)
plus silver and copper.
1.
Readers are cautioned that the company has no interest in or right to acquire any interest in the Joe Mann mine
and that mineral deposits and production results from the Joe Mann mine are not indicative of mineral deposits on the company's properties or any potential exploitation thereof
(Source: technical report on the Joe Mann mining property dated Jan. 11, 2016, prepared by Geologica Inc.).
The company also announces that it
has appointed Brunet Roy Dube, chartered accountants of Montreal, Que., as its auditor. Brunet Roy is replacing
PricewaterhouseCoopers LLP, chartered accountants.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral properties with a focus on high-grade gold. The company currently has three properties in the Chapais-Chibougamau area of Quebec: New Mosher, JMW and Maxwell, and three properties in the Gaspe region of Quebec: VG Boulder, Serpenphior and Puma, the Snowbird gold property in British Columbia and a 1.5-per-cent net smelter return royalty on the 18 million ounce Urumalqui silver project in Peru. JMW, Maxwell, VG Boulder, Serpenphior and Puma are 100-per-cent-owned by Gitennes. New Mosher is under option from Kintavar Exploration and Gitennes can earn an initial 70 per cent and has the right to increase its ownership to 85 per cent. The Snowbird property has been optioned to a gold exploration company.
Qualified person
The scientific and technical information contained in this news release has been reviewed and
approved by Wayne Holmstead, PGeo, who is a qualified person within the meaning of National Instrument 43-101.
We seek Safe Harbor.
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