Gitennes to Drill Deepest Hole at Snowbird High Grade Gold Project as Part of Phase III Diamond Drill Programme
Suite 1010 – 789 West Pender Street, B.C. V6C 1H2 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
Gitennes to Drill Deepest Hole at Snowbird High Grade Gold Project as Part
of Phase III Diamond Drill Programme
Vancouver, B.C., - October 31, 2019 - Gitennes Exploration Inc. ("Gitennes" or the "Company")
- (TSXV – GIT) announces that as part of its Phase III diamond drilling on its Snowbird High
Grade Gold Project located near Fort St. James, British Columbia a 400 metre hole will be
drilled at the Main Zone. The 400 metre hole will be the tenth hole drilled in the Phase III
programme and will be the deepest hole drilled on the Snowbird Project by any operator. The
average vertical depth from surface of the drilling at Snowbird to date has been approximately 75
metres and all drilling has been oriented in roughly the same direction. Hole 10 is designed to
target the structure and mineralization approximately 300 metres vertically below surface and
will be drilled below the Main Vein Adit that had the following historical sampling:
Vein Area Total
Length (m)
# of Samples Wtd Ave Gold Grade
(g/t)
Grade Range (g/t)
Main Adit-East Wall 9.72 15 8.62 1.87-19.9
Adit-West Wall 8.36 14 691.61 4.67-4,602
Readers are cautioned that a "qualified person" (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information,
and therefore the information should not be relied upon.
In addition to the adit sampling, Hole 10 will be drilled below the following Main Zone holes:
– Hole Gold (g/t) Length (metres)
86-06 5,050 0.20
80-07 10.53 4.80
Including 30.34 1.22
86-02 10.97 2.97
80-06 9.57 2.40
including 23.93 0.93
86-07 24.50 1.00
SB17-04 (GIT) 9.10 2.02
including 16.20 1.00
SB18-06 (GIT) 15.13 1.32
including 22.50 0.82
Except for holes SB17-04 and SB18-06 readers are cautioned that a "qualified person" (as defined by National Instrument 43-101) has not yet completed sufficient work to be
able to verify the historical information, and therefore the information should not be relied upon
Hole 10 will be drilled in an orientation that is 180 degrees to that of almost all previous drilling
and at an inclination that will attempt to keep the hole within the altered ultramafic unit and test
for gold mineralization in quartz veins which are predominantly hosted within 10 metres of the
footwall contact between the overlying mudstone and the altered ultramafic. The hole could
effectively extend the depth of the high grade mineralization at the Main Zone by up to 200 to
300 metres.
The Phase III drilling is progressing well and based on targets defined by Gitennes for the
programme the drilling has been able to intersect quartz-carbonate veins in several of the holes at
projected depths including an 8.5 metre interval in one hole. Drilling proximal to the historic
Main Vein Adit has increased understanding of the geology and structural controls for
mineralization at Snowbird. To date, Gitennes has shipped 314 drill core samples, along with
check reference inserts to ALS Global in North Vancouver, BC for assaying.
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 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 Justin Rensby (P.Geo.), technical adviser 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, 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 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.