Gitennes Receives Drilling Permit on Second High Grade Gold Project
Suite 1010 – 789 West Pender Street, B.C. V6C 1H2 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
Gitennes Receives Drilling Permit on Second High Grade Gold Project
Vancouver, B.C. / TheNewswire / June 12, 2019 - Gitenne s Exploration Inc. (TSXV – GIT)
announces that it has been granted a multi-year drill ing and work permit for its high grade Maroon
gold project located 35 km north of Terrace, British Co lumbia. This permit is the second multi-year
drilling permit Gitennes has received, the first being on the High Grade Snowbird Gold Project near
Ft St James, BC on which Gitennes has completed two diam ond drill programmes totaling 2,800
metres.
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 (see map attached).
Goliath announced encouraging results from work on Lucky St rike in 2018 and will be conducting
further work on Lucky Strike this summer.
Gitennes conducted reconnaissance sampling and mapping at Maroon in 2018 with sampling
focused on the area around historical workings on the Be ar Vein (see news release dated October
3, 2018) .
Highlights from the sampling
Area Gold (g/t) Silver (g/t) Copper (%) Lead (%) Zinc (%)
Lower Adit – Bear
Vein (1) 50.4 183 0.42% 9.03% 2.01%
25.4 105 0.18% 4.74% 1.48%
17.15 120 0.55% 5.41% 4.31%
Upper Adit – Bear
Vein (1) 35.3 245 0.66% 13.85 % 3.90%
2.75 64.5 0.01% 2.72% 0.10%
Subcrop above
Bear Vein Adits (1) 6.67 38.9 0.11% 1.51% 11.45 %
7.78 70.1 0.05% 3.62% 10.00%
Bear Vein Dump
Material (2) 104.5 277 0.07% 14.55 % 10.90 %
24.9 96 0.06% 3.90% 2.51%
(1) Grab samples from in-situ vein material or subcrop
(2) Samples from dump/hand sorted material from 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. The conglomerate
unit forms a prominent ridge that is traceable for at least two kilometres on Gitennes property and
the contact between the conglomerate and the siliciclastics provides a good vector to target further
exploration for the Bear Vein .
Highlights of the Maroon Property:
• Structural corridor containing multiple, sediment-host ed 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 le ngth
o Six drill holes encountered vein, two holes not drille d 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 y et completed sufficient
work to be able to verify the historical information, and therefore the information should not be relied upon.
Gitennes is planning field work at Marron this summer including detailed mapping and sampling and
geophysics including a magnetometer survey leading to the o utlining of drill targets. The work at
Maroon will be in addition to a planned minimum 3,0 00 metre diamond drill programme at the High
Grade Snowbird Gold Project.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancin g gold properties. The Company
currently has two high grade gold exploration properti es, 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 r eferred 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 con stitute "forward-looking information" within the meani ng of
applicable Canadian securities laws concerning the business, operations and financial performance and condition of
the Company. All statements in this news release tha t are not purely historical are forward-looking stateme nts and
include any statements regarding beliefs, plans, expectat ions and orientations regarding the future. Often, but not
always, forward-looking statements can be identified by w ords 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 phras es that refer to certain actions, events or results t hat
may, could, would, might or will occur or be taken or achi eved. 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 a nd to conduct exploration activities thereon. Actual re sults
could differ from those projected in any forward-looking s tatements 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 obtain ing 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 commoditie s and
precious metals; operating hazards and risks; environment al issues and liabilities; and competition and other ri sks
and uncertainties of the mining industry. Although the Com pany believes that the beliefs, plans, expectations and
intentions contained in this news release are reasona ble, there can be no assurance that those beliefs, p lans,
expectations or intentions will prove to be accurate . Readers should consider all of the information set fo rth herein
and should review the Company’s periodic reports filed f rom 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 fo rward-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 forwa rd-looking statements contained herein, or to update the
reasons why actual results could differ from those projected in these forward-looking statements.