Gitennes Intersects 15.85 G/T GOLD over 0.82 Metres IN Previously Untested Area at Snowbird GOLD Project –
Suite 1010 – 789 West Pender Street, B.C. V6C 1H2 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
GITENNES INTERSECTS 15.85 G/T GOLD OVER 0.82 METRES IN PREVIOUSLY
UNTESTED AREA AT SNOWBIRD GOLD PROJECT –
Vancouver, British Columbia – September 12, 2018 – Gitennes Exploration Inc. (“Gitennes” or
the “Company”) announces drill results from its second phase of diamond drilling on its
Snowbird High Grade Gold Project. The programme, completed in August consisted of ten NQ2
sized diamond drill holes totalling 1,612 metres. Phase II drilling has extended known high
grade gold mineralization and confirms that diamond drilling of the Snowbird Project
consistently returns high grade gold intersections.
Highlights from Phase II programme:
Hole SB18-06 intersected 11.32 g/t gold over 1.32 metres including 15.85 g/t gold over
0.82 metres from 70.0 to 71.32 metres.
Hole SB18-02 intersected 4.24 g/t gold over 0.7 metres from 114.8 115.5 metres and
4.53 g/t gold over 0.9 metres from 116 to 116.9 metres.
Hole SB18-03 intersected 4.81 g/t gold over 0.5 metres from 30.4 to 30.9 metres.
9 of 10 holes intersected anomalous gold over intervals up to 4.5 metres wide (true width
unknown) while 6 of 10 drill holes intersected gold grades greater than 1.0 g/t gold.
Hole SB18-02 was collared in a “gap” between the North and Main Zones where
previous exploration had not been carried. Gold intersections in the hole indicate
continuity of gold mineralization between the two zones.
Intense alteration including silicification, carbonatization and chloritization throughout
the entire strings of drill core combined with intense shearing indicates a strong and
robust system conducive to hosting lode gold-style mineralization.
Hole SB18-04 intersected four separate intervals >1.0 g/t gold over a 20 metre interval.
Combined with results from Hole SB18-03 this confirms and extends mineralization in
historic drill holes 88-14, 89-04, and 89-17.
High grade result in Hole SB18-06 extends known high grade mineralization 30 metres
northwest from historic drill hole 89-15. Hole SB18-07 extends mineralization another
25 metres to the northwest.
Key Takeaways from Phase II Drilling
The objective of the Company’s Phase II drill programme was to extend the high grade gold
mineralization identified in the 1980’s along strike. This was successful as the North and Main Zone were
connected. The majority of drill holes were collared in the North Zone but from locations northwest of
previous 1980’s drill holes, thereby extending North Zone mineralization and high grade along strike and
up dip. Snowbird remains open at depth and along strike.
Selected Drill Intersections
Drill hole
No. From (m) To (m)
Interval
(m) Gold (g/t)
SB18-02 114.8 115.5 0.7 4.24
and 116.00 116.9 0.9 4.53
SB18-03 30.44 30.94 0.5 4.81
SB18-04 51.85 52.60 0.75 2.90
SB18-06 70.00 71.32 1.32 11.31
including 70.00 70.82 0.82 15.85
SB18-07 73.21 74.07 0.86 3.57
Quality Assurance/Quality Control (QA/QC)
Gitennes maintains a rigorous quality assurance/quality control program at the Snowbird Project. Selected
core intervals were sawn in half and each sample half was placed in a marked sample bag with a
corresponding sample tag, and then sealed. The remaining half core is retained in core boxes that are
stored at a secure facility in Smithers, British Columbia. Chain of custody of samples was recorded and
maintained for all samples from the drill to the laboratory.
All diamond drilling sample batches included 12% QA/QC samples consisting of certified blanks,
standards and field duplicates. Two certified ore assay laboratory standards and one blank standard were
used in the process and were supplied by CDN Resource Laboratories Ltd., an independent laboratory
located in Langley, British Columbia. Samples were submitted to ALS Global in North Vancouver,
British Columbia, an ISO/IEC 17025:2005 and ISO 9001: 2015 certified lab. Samples were prepared by
crushing the entire sample to 75% passing 2mm, riffle splitting 250g and pulverizing the split to better
than 85% passing 75 microns. Gold was analyzed using a 30 gram fire assay/AAS and the 36 element
analysis was done by ICP-AES/ICP-MS
The Snowbird project is accessible year round via paved and dirt roads and sits at a relatively low
elevation with moderate relief (not exceeding 190 metres). The ease of access to all parts of the property
enables cost effective diamond drilling throughout the entire year. Gitennes has a multi-year permit for
drilling from up to 40 sites with some of the sites designated for more than one diamond drill hole.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral deposits. 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.
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.
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.
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 the option to acquire the Snowbird Project 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 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 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.