02:25:59 EDT Tue 07 May 2024
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Gitennes Exploration Inc (2)
Symbol GIT
Shares Issued 64,177,122
Close 2023-06-23 C$ 0.03
Market Cap C$ 1,925,314
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Gitennes plans work for Sept Iles properties

2023-07-06 13:43 ET - News Release

Mr. Ken Booth reports

GITENNES PLANS WORK ON ITS SEPT ILES PROPERTIES WHERE IT IS EXPLORING FOR BATTERY METALS INCLUDING NICKEL AND RARE EARTH ELEMENTS

Gitennes Exploration Inc. is making plans for work on its 100% owned Sept Iles properties where it is exploring for nickel and Rare Earth Elements "(REE"), both of which are battery metals integral to the electrification of the automobile industry. Work will commence later this summer.

Initial plans will be to conduct first phase reconnaissance programmes on the properties. The programmes will consist of mapping, sampling, spectral analysis and geophysics.

Highlights of the Properties

Sept Iles nickel property

1.1% nickel over 10 metres in a trench historically reported by Soquem on claim adjacent to Gitennes property*;

Numerous untested airborne electro-magnetic anomalies;

Soquem also historically reported 1.3% nickel, 0.49% copper and 4.3 grams/tonne platinum in grab samples on adjacent claims*;

Accessible by all weather road, approximately 100 km north of Sept Iles;

Property consists of 191 claims, 10,500 hectares.

Rare Earth Element property

Several showings on the property;

Previous work returned grab samples anomalous in niobium and neodymium:

Niobium grades up to 1.6%*;

Neodymium grades from five samples ranged from 4,820 to 8,660 ppm*;

Government mapping identified pegmatites;

Accessible by all weather road, approximately 50 km north of Sept Iles;

Property consists of 62 claims, 3,400 hectares.

* The reported grades are historical in nature and have not been verified by Gitennes.

About Gitennes Exploration Inc.

Gitennes is in the business of exploring for and advancing mineral properties The Company currently has three properties in the Sept Iles region of Quebec where the Company is exploring for nickel, REE, niobium and tantalum and three gold properties in the Chapais-Chibougamau area of Quebec: New Mosher, JMW and Maxwell and a 1.5% Net Smelter Return royalty on the 18 million ounce Urumalqui Silver Project in Peru. The Company recently sold its gold properties in the Gaspe Region of Quebec and has optioned its Snowbird Gold property in BC to a gold exploration company. All properties are 100% owned by Gitennes except for New Mosher which is under option and Gitennes can earn an initial 70% and has the right to increase its ownership to 85%.

Qualified Person

The technical content in this release has been reviewed and approved by Mitchell E. Lavery, P.Geo, who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects

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