Gitennes Mobilizes Drill for Second Phase Diamond Drill Programme, New Mosher Gold Property, 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 Mobilizes Drill for Second Phase Diamond Drill Programme, New Mosher
Gold Property, Chapais-Chibougamau area, Quebec
Vancouver, B.C., - January 13, 2022: Gitennes Exploration Inc. ("Gitennes" or the "Company") -
(TSXV – GIT) announces that it has mobilized a diamond drill to its New Mosher gold property,
Chapais-Chibougamau area of Quebec (see Figure 3) for a second phase of diamond drilling.
The second phase of drilling is planned for a minimum of 1,000 metres.
The Company’s second diamond drill programme will focus on the New Mosher Showing where
the Company encountered significant widths of anomalous gold (see highlights on page 2). In
addition to Gitennes’ encouraging results from the first diamond drill programme the New
Mosher Showing (Area 1, Figure 1) has gold in historical drilling, 8.1 g/t gold over 0.25 metres
and 1.87 g/t gold over 5.1 metres and grab samples assaying 16 g/t gold and 5.66 g/t gold.
With the second phase of drilling to focus on the New Mosher Showing (Area 1, Figure 1) the
Company recently located several drill pads for the upcoming programme and confirmed the
location of quartz veins in the showing area (Figure 2).
Figure 1 – Area 1 – New Mosher Showing will be focus of second phase drill programme
Figure 2 – New Mosher Showing with detailed map of quartz veins in sheared volcanics
including approximate location of Noranda historical grab samples and 2018 sampling. The
second phase of diamond drilling will target the quartz veins with several drill holes.
Highlights of First Diamond Drilling Programme
Gold intersected over significant widths:
o 22 metres in hole NM 21-02 grading 0.25 g/t gold
o 9.0 metres in hole NM 21-11 grading 0.71 g/t gold
o 5.0 metres in hole NM 21-08 grading 0.68 g/t gold
Gold intersections are shallow;
10 of 19 holes intersected anomalous gold mineralization,
All three areas tested intersected gold mineralization;
Broad zones of gold mineralization correlate well with previously identified IP
anomalies;
o Associated with intense alteration with quartz-carbonate veining, pyrite,
pyrrhotite, chalcopyrite and arsenopyrite.
The New Mosher Property 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.
(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.
Figure 3 –New Mosher Property and Gitennes other properties in Chapais-Chibougamau area
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.
JMW, Maxwell, VG Boulder, Serpenphior and Puma are 100% owned by Gitennes. New
Mosher is 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 has been optioned to a gold
exploration company.
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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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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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.