Gitennes Contracts Drilling Company for First Phase Diamond Drill Programme, New Mosher Gold Property, Chapais-Chibougamau area, Quebec
Vancouver, B.C. - TheNewswire - April 6, 2021 - Gitennes Exploration Inc. ("Gitennes" or the "Company") (TSXV:GIT) (OTC:GILXF) announces that RJLL Drilling will conduct the Company’s first phase of diamond drilling at the New Mosher gold property in the Chapais-Chibougamau area of Quebec (see Figure 2). The first phase of drilling is planned for a minimum of 2,500 metres and is expected to commence in mid-April. Diamond drilling will initially target areas of Induced Polarization, (“IP”) high chargeability, geophysical anomalies that are associated with historic gold values in diamond drilling. The identified chargeability anomalies are similar in orientation and intensity to gold bearing structures at the nearby Joe Mann Mine. New Mosher 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.
The upcoming drill programme will be the first diamond drilling on the New Mosher Property since the late 1980’s. Two previous drill programmes consisting of limited shallow drill holes intersected gold on two of the Gitennes IP anomalies. Many additional IP anomalies have been detected both historically and in a recent survey and will be tested with the present drill programme.
Diamond drilling in the 1980’s intersected (see Anomaly A, Figure 1):
- 8.1 g/t gold over 0.25 metres; - 1.87 g/t gold over 5.1 metres
In the mid-1950’s drilling intersected gold in four of five holes (see Anomaly B, Figure 1):
- 3.40 g/t over 0.7m* at a down-hole depth of 65.2m, - 1.28 g/t over 3.0m* at a down-hole depth of 57.9m, - 0.87 g/t over 0.3m* at a down-hole depth of 41.7m and - 0.29 g/t over 0.9m* at a down-hole depth of 37.7m.
Gitennes President Ken Booth commented “The Company is looking forward to the start of drilling later this month. This is Gitennes first drill programme on its Quebec properties which are well located in a region that is host to several past gold producers and various high profile gold exploration projects. Recent compilation work and geophysical surveys by Gitennes at New Mosher have revealed similarities between Joe Mann style mineralization, other gold mineralization in the area and the New Mosher Property. The Company is confident that the planned drill programme will greatly aid in the geological interpretation of the New Mosher Property and understanding the gold mineralization thus far located on the Property and will be used to plan additional drill programmes.
Figure 1: IP Chargeability high (shown in pink) with associated features and historic drilling.
(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 January 11, 2016, prepared by Geologica Inc.
* True widths are not known at this time
Figure 2: Quebec properties – JMW and Maxwell 100%, New Mosher & RAL – option to earn up to 85%
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 four properties in Quebec: JMW, RAL, New Mosher and Maxwell, the Snowbird gold property in British Columbia and a 1.5% Net Smelter Return royalty on the 18 million ounce Urumalqui Silver Project in Peru. JMW and Maxwell are 100% owned by Gitennes. RAL and New Mosher are under option from Kintavar Exploration and Gitennes can earn an initial 70% and has the right to increase its ownership to 85%. The Snowbird Property was recently optioned to a gold exploration company.
The scientific and technical information contained in this news release has been reviewed and approved by Wayne Holmstead (P.Geo.), who is a "qualified person" within the meaning of National Instrument 43-101.
Gitennes Exploration Inc.
Ken Booth President
For further information, please contact: Ken Booth
Phone: 604-682-7970, Email: firstname.lastname@example.org
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