Gitennes Receives Analyses for Recent Drill Program, 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 Receives Analyses for Recent Drill Program, New Mosher Gold Property,
Chapais-Chibougamau area, Quebec
Drilling Indicates broad zones of anomalous gold and alteration
Anomalous gold values Intersected in all seven holes
Visible gold near the top of Hole NM-22-04 may indicate gold mineralization
may be related to a large, regional fault running through lake west of the
New Mosher gold showing
Vancouver, B.C., - May 16 2022: Gitennes Exploration Inc. ("Gitennes" or the "Company") -
(TSXV – GIT) announces that analyses have been received on a recent drill program consisting
of seven holes totaling 1,002 metres with six of the holes being drilled at the New Mosher Showing
(See Figure 1) on its New Mosher gold property, Chapais-Chibougamau area of Quebec.
Results are listed below:
Table 1: Gold Results from Phase 2 Drilling
Figure 1 – Phase 2 (2022) drill hole locations in relation to Phase 1 (2021) Drilling.
Anomalous gold values were intersected in broad zones of silica, chlorite and sericite alteration.
Traces of arsenopyrite were also noted. Hole NM-22-01 indicates the New Mosher gold zone is
still open to the east. From 21.5 m to 37.9 m, 0.33 g/t Au over 16.4m was detected in a zone
of strong alteration. This section included 0.51 g/t Au over 7.8 m and 1.47 g/t over 1.05 m
(true width is approximately 70% of the intersection).
Hole NM-22-04 was collared approximately 50 m from the New Mosher Showing and coarse
visible gold was observed 19 m downhole and is located at the contact of a quartz vein within
mafic volcanics. The visible gold section was not sent to the lab so as not to skew analyses;
however, the sample will be submitted for metallic sieve analysis in order to determine the size
fraction where the gold resides.
It is significant that the visible gold was intersected close to the lake. It has been noted on
regional maps that the lake covers a large northwest trending fault zone that may be the source
of the gold mineralization on the New Mosher Property. (See Figure 3). A parallel fault runs
through the Joe Mann Mine area about 4.5 km to the southwest. Future work will focus on this
part of the Property which historically has not been tested.
Figure 2: Visible gold in NM-22-04 in dry core (Left) and in wet core (Right).
Figure 3: Government mapped, northwest trending fault running through New Mosher Property.
Similar faults are noted to noted to be in the vicinity of significant gold mineralization such as the
Joe Mann Mine.
Figure 4 –New Mosher Property and Gitennes other properties in Chapais-Chibougamau area
The New Mosher Property is located 4.5 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.
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 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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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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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.