Gitennes’ JMW Gold Property Diamond Drilling Results, Chapais- Chibougamau area, Quebec
Suite 410 –325 Howe Street, B.C. V6C 1Z7 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
Gitennes’ JMW Gold Property Diamond Drilling Results, Chapais-
Chibougamau area, Quebec
Vancouver, B.C., - May 15, 2023: Gitennes Exploration Inc. ("Gitennes" or the "Company") -
(TSXV – GIT) announces results from the diamond drilling program completed on its 100% owned
JMW gold property in the Chapais-Chibougamau area of Quebec (see Figure 2).
The diamond drilling program totalled 984 metres in five holes (Figure 1). Four holes were drilled
into sedimentary rocks and targeted Induced Polarization (“IP”) geophysical anomalies. One hole
was drilled across the northern contact between the intrusives and volcanics.
The sedimentary rocks and intrusive contacts are known to host gold deposits and occurrences
in the Chapais-Chibougamau area.
Figure 1: Drill hole locations, Geology and Induced Polarization Chargeability Anomalies.
Of the four drill holes that were targeting strong IP anomalies, all four intersected at least
one of the following: ductile shearing, graphitic cataclastic faulting, stringer to semi-
massive sulphide (pyrrhotite+/-pyrite), and/or magnetite-bearing sheared iron formation.
Furthermore, graphitic lithologies and sheared/faulted equivalents often displayed
increased disseminated sulphide. This suggests that the IP survey was successful at
identifying these features which are known to be associated with gold mineralizing
systems in sedimentary rocks in the Chapais-Chibougamau area.
Gold assays mainly showed less than 0.50 g/t over two to 20 metres, particularly in holes
22JMW-02 and 22JMW-05. These low-grade intervals were associated with deformed
volcanogenic intervals with known sulfides (pyrite and pyrrhotite) occurrences.
Hole 22JMW-03 had an interval of 7.23 g/t gold over 0.7 metres (114m - 114.7m)
characterized by notable quartz-carbonate veining and intense structural deformation and
sericite alteration along the hanging wall of the mineralized interval.
Figure 2: JMW Property and Gitennes’ other properties in Chapais – Chibougamau area
The Company also announces that the optionee on both the JMW and Maxwell properties
will not be continuing with the options and has returned the properties to Gitennes.
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% Net Smelter Return royalty on the 18 million
ounce Urumalqui Silver Project in Peru. 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%. The Snowbird Property has been optioned
to a gold exploration company.
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.
For further information on the Company, readers are referred to the Company’s website
at www.gitennes.com and its Canadian regulatory 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: [email protected]
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Not for distribution to United States newswire services or for release, publication, distribution or dissemination
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Cautionary Note Regarding Forward-Looking Information
This news release includes certain statements that constitute "forward-looking information" within the meaning of
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 are forward-looking statements and
include any statements regarding beliefs, plans, expectations and orientations regarding the future. Often, but not
always, forward-looking statements can be identified by words such as "pro forma", "plans", "expects", "may", "should",
"budget", "schedules", estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words
including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would,
might or will occur or be taken or achieved. Such forward-looking statements include, among others, statements as to
the anticipated business plans and timing of future activities of the Company, including the exercise of any property
Options and to conduct exploration activities thereon. Actual results could differ from those projected in any forward-
looking statements due to numerous factors including risks and uncertainties relating to exploration and development
and actual results of exploration activities; the ability of the Company to obtain additional financing; delays in obtaining
governmental and regulatory 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; fluctuations in the
prices of commodities and precious metals; operating hazards and risks; environmental issues and liabilities; and
competition and other risks and uncertainties of the mining industry. Although the Company believes that the beliefs,
plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that those
beliefs, plans, expectations or intentions will prove to be accurate. Readers should consider all of the information set
forth herein and should review the Company’s periodic reports filed from time-to-time with Canadian securities
regulators. These reports and the Company's filings are available at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements
contained in this news release are made as of the date of this news release and, except as otherwise required by law,
the Company undertakes no obligation to update the forward-looking statements contained herein, or to update the
reasons why actual results could differ from those projected in these forward-looking statements.