Gitennes Substantially Increases Size of its Advanced Stage, High Grade Snowbird Gold Project and Begins Planning First Phase of Exploration
Gitennes Substantially Increases Size of its Advanced Stage, High Grade Snowbird Gold
Project and Begins Planning First Phase of Exploration
Vancouver, B.C., - February 27, 2017: Gitennes Expl oration Inc. ("Gitennes" or the "Company")
- (TSXV – GIT) announces it has staked an additional 5,100 hectares at its advanced stage,
high grade Snowbird gold project, located near Fort St. James, British Columbia (the "Snowbird
Project"). The new claims bring the size of the Snowbird Project to 7,120 hectares and ensure
that the Project covers all of the prospective geology and previously identified targets. Gitennes
has also commenced an in-depth review of the extensive database for the Snowbird Project the
results of which will be used to focus the Company’s first phase of exploration.
Mineralization on the Snowbird Project occurs primarily in the Main, North, East, Granite and
New Showing zones. The majority of the 91 di amond drill holes on the Project have been drilled
on the Main and North zones over approximately 800 metres. Selected historical diamond drill
results from the Main and North zones include:
Gold Grade (g/t) Interval (metres) Zone
20.02 2.4 Main
11.08 3.0 Main
24.50 1.0 Main
16.27 4.0 North
16.55 1.2 North
11.39 2.1 North
Readers are cautioned that a "qualified person" (as defined by Na tional Instrument 43-101) has not yet completed sufficient wor k to
be able to verify the historical information, and therefore the information should not be relied upon.
The New Showing zone occurs approximately 1.5 kms north of the North zone and represents a
prospective drill target. The New Showing is an under explored quartz-carbonate-mariposite
altered vein system. Previous trench sampli ng of the New Showing delivered anomalous gold
values.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral deposits. Gitennes acquires
properties directly by staking, through option agreements with prospectors or other exploration
companies, and through reconnaissance programmes. The Company currently has two gold
exploration properties, Hixon and Snowbird, both in British Columbia and has a 1.0% Net
Smelter Returns royalty on the Urumalqui Silver Project in Peru.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by L. Mireku, MSc (P.Geo.), who is a "qualified person" within the meaning of National
Instrument 43-101.
For further information on the Company, reader s are referred to the Company’s website at
www.gitennes.com and its Canadian regulatory filings on SEDAR at www.sedar.com.
On behalf of the Board of Directors of
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 Se rvices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adeq uacy or accuracy of this news
release.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain stat ements that constitute "forward-looking information" within the meaning of
applicable Canadian securities laws concerning the busine ss, operations and financial performance and condition of
the Company. All stat ements in this news release t hat are not purely historical ar e 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 t hat refer to certain actions, events or results that may,
could, would, might or will occur or be taken or achiev ed. Such forward-looking statements include, among others,
statements as to the anticipated business plans and timing of future activi ties of the Company, including the exercise
of the Option to acquire the Snowbird Project and to conduct ex ploration activities thereon. Actual results could differ
from those projected in any forward- looking statements due to numerous fact ors including risks and uncertainties
relating to exploration and development and actual results of exploration activities; th e ability of the Company to
obtain additional financing; delays in obtaining governm ental 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 Canad ian securities regulators. These reports and the Company's filings are available at
www.sedar.com.
Readers are cautioned not to place undue reliance on forwar d-looking statements. The forward-looking statements
contained in this news release are made as of the date of this news release a nd, except as otherwise required by
law, the Company undertakes no obligation to update the fo rward-looking statements contained herein, or to update
the reasons why actual results could differ from those projected in these forward-looking statements.