Gitennes Finds Visible Gold and Adds Claims on its VG Boulder Property, Gaspe Region of Quebec
Suite 410 –325 Howe Street, B.C. V6C 1Z7 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
Gitennes Finds Visible Gold and Adds Claims on its VG Boulder Property, Gaspe Region
of Quebec
Vancouver, B.C., - November 30, 2021: Gitennes Exploration Inc. ("Gitennes" or the
"Company") - (TSXV – GIT) announces that visible gold was found in two locations on its 100%
owned VG Boulder Property (“the Property”) during a recently completed reconnaissance
programme (Figure 1 and 2). The programme also located a new showing on the Property
containing anomalous antimony, arsenic and cobalt. To cover additional favourable geology
along structures that control mineralization in the Gaspe Region the Company has increased
the size of the Property.
Property Highlights
Visible gold found in boulders in two locations on the Property;
o Locations are 50 metres apart and in the vicinity of historically reported visible
gold in large angular boulders (58 g/t) (Figure 3);
o Associated Antimony, Arsenic and Cobalt mineralization in a new location;
Property increased from 1,250 hectares to 5,787 hectares to cover favourable geology
along major structure and splays. New claims cover 14 km strike of the prospective
Grand Pabos Fault Zone, same fault as found in Newfoundland (Figure 4);
Historically reported Gold (22.4 g/t) and Antimony (15.4%) in outcrop;
Property covers geology and structure that is similar to recent gold discoveries in
Newfoundland.
Figure 1: Boulder of brecciated sediment with quartz flooding containing visible gold (See Fig 2
below for close-up of gold mineralization)
Figure 2: Close-up of quartz with visible gold mineralization from brecciated sediment
Ken Booth, President commented: “The results from Gitennes initial programme are very
encouraging. To find visible gold in two locations further highlights how prospective the VG
Boulder Property is and validates historically reported high grade gold in boulders and
outcrop. With the addition of approximately 4,500 hectares Gitennes has now established a
major foothold in the area and the new claims cover prospective geology and the key structures
which appear to control the gold mineralization. The main structure on the Gitennes claims,
The Grand Pabos fault, is the same key structure that is host to the recent discoveries of high
grade gold in Newfoundland. Gitennes looks forward to the next programmes on VG Boulder
which will consist of an airborne magnetomer/electromagnetic (“EM”) geophysical survey and
follow up ground work in early 2022”.
The Company also announces that it has increased the size of the VG Boulder Property to
cover additional favourable geology and key structures that are associated with gold
mineralization in the area. The property size has been increased to 101 claims (5787 hectares)
(Figure 3). The new claims cover 14 km strike length of the prospective New Pabos Fault Zone
Figure 3: VG Boulder Property Highlights showing area of recent gold bearing boulder samples
and historically reported gold grades. Gitennes claims outlined in black.
The VG Boulder Property is located in the Gaspe Region of Quebec (Figure 5) and covers
geology and structure that is similar to recent gold discoveries in Newfoundland. The gold
mineralization in the region is traditionally hosted by structures related to the Grand Pabos
Fault, a major regional structure that can be traced across the entire Gaspe Peninsula and into
Newfoundland where major gold discoveries have been made recently (Figure 4).
Figure 4: Key Structures, including the Grand Pabos Fault, and Relation to Gold Deposits
including mineralization on Gitennes VG Boulder Property and recent gold discoveries in
Newfoundland.
Regional Context and Discussion
Recent research has revealed that gold mineralization is related to the Ordovician to Silurian-
aged closing of the Iapetus Ocean. This ancient suture in the earth’s crust extends from North
America, through the Gaspe Peninsula, Newfoundland, across the Atlantic Ocean to Ireland
(Figure 4). Major gold deposits are associated with this event in Newfoundland and Ireland and
structure is found to be a key aspect of these deposits and the critical control of gold
mineralization including gold mineralization in the Gaspe Region of Quebec.
Figure 5: Location Map – Gitennes Gaspe Properties
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral properties with a focus on
high grade or large tonnage gold deposits. The Company currently has five gold properties in
Quebec, JMW, New Mosher, Maxwell, VG Boulder and Serpenphior, 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. Gitennes owns 100% of its Quebec gold properties except for
New Mosher which is under option for Gitennes to earn an initial 70% with the right to increase
its ownership to 85%.
Qualified Person
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.
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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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
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statements as to the anticipated business plans and timing of future activities of the Company, including the exercise
of the Option to acquire the New Mosher and Snowbird Projects 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.