Gitennes’ Update on Maroon High Grade Gold Project Exploration
Suite 1010 – 789 West Pender Street, B.C. V6C 1H2 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
Gitennes’ Update on Maroon High Grade Gold Project Exploration
Vancouver, B.C., - September 26, 2018 - Gitennes Exploration Inc. (TSXV – GIT) provides
an update on reconnaissance exploration at its high grade Maroon gold property located 35
km north of Terrace , British Columbia. Initial work consist ed of reconnaissance mapping
and sampling and surveying of historic trenches and adits as well as trail access.
The Maroon Property is strategically located in an active exploration area at the southern
end of the Golden Triangle and is bordered by Goliath Gold’s Lucky Strike Property (Map 1).
Several occurrences of polymetallic quartz -sulfide
veins were observed during the reconnaissance
exploration. The veins occurred at or near the
contact between units of mudstone and
conglomerate with the conglomerate unit forming
a prominent ridge that is traceable for at least two
kilometres. Deformation in the form of intense
shearing was observed within both the mudstone
and conglomerate units.
The Bear Vein, from which production was
historically reported, was observed in several
trenches and two adits. Samples were taken from
the entrance to the lower and upper adits on the
Bear Vein as well as exposures along the
exposed vein to the southeast.
Upper Adit – Bear Vein
Quartz-sulphide veins in the central property area generally occupy bedding plane shears
within the siltstone-sandstone sequence. Near massive to disseminated sulphide minerals
include pyrrhotite, pyrite, galena, sphalerite, chalcopyrite, some tetrahedrite and locally
scheelite (see photo below).
Semi-massive sulphide vein from the Upper Adit on the Bear Vein
The Maroon property has the potential to host a more extensive precious metal-rich base
metal vein system that could be emplaced along a thrust plane demarked by the contact
between the prominent pebble and cobble conglomerate and the fine grained siliciclastics.
Highlights of the Maroon Property:
Structural corridor containing multiple, sediment -hosted high -grade polymetallic
quartz-sulfide veins (Au-Ag-Cu-Zn-Pb)
Exposed veins are greater than one metre wide and have been traced along the
surface for up to 1,800 metres; and remain open to the northeast, southwest and
at depth.
Selected historical diamond drill results*:
o 0.63 metres grading 26.1 g/t gold, 32.6 g/t silver, 2.97% zinc and 1.62% lead;
o 0.30 metres grading 18.9 g/t gold, 117 g/t silver, 3.89% zinc and 6.20% lead;
o 0.43 metres grading 5.9 g/t gold, 56.1 g/t silver, 8.6% zinc and 3.00% lead
Upside – only eight drill holes to date totaling 789 metres from four set -ups, length
from 45 – 192 metres with average length of 98 metres
o Drilling focused only on area of old adits;
o Three of four drill pads only over 150 metre strike length
o Six drill holes encountered vein, two holes not drilled deep enough
No comprehensive geochemical or geophysical surveys have been completed and
property-wide geological mapping is warranted.
Claims in good standing until September, 2020
* 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.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by J. Rensby (P.Geo.), technical advisor to the Company, who is a "qualified person"
within the meaning of National Instrument 43-101.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing gold properties . The Company
currently has two high grade gold exploration properties, Snowbird and Maroon, both in British
Columbia and a 1% Net Smelter Returns royalty on the 18 million ounce Urumalqui Silver
Project in Peru.
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]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Map 1
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 regardin g 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 variat ions
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 the option to acquire the Snowbird Project and to conduct exploration activities thereon. Actual results
could differ from those projected in any fo rward-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 governme ntal and regulatory approvals (including the
TSX Venture Exchange), 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 i n 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.