Gitennes’ reconnaissance rock sampling programme at Snowbird High Grade Gold Project focusses next phase of exploration
Suite 1010 – 789 West Pender Street, B.C. V6C 1H2 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
Gitennes’ reconnaissance rock sampling programme at Snowbird High Grade Gold Project
focusses next phase of exploration
Main Vein decline accessed – historical sampling of 11.7 g/t gold *
Vancouver, British Columbia – September 21, 2017 – Gitennes Exploration Inc. (“Gitennes” or the
“Company”) has completed geological mapping and rock sampling on the Snowbird High Grade Gold
Project, located in north central BC. The project is accessible year round via paved and dirt roads and sits
at a relatively low elevation with moderate relief (not exceeding 190 meters) allowing access to all parts
of the property and enabling cost effective diamond drilling programmes at all time of the ye ar.
Subsequent to the first phase of exploration , a detailed high- resolution ground magnetometer survey is
currently being expanded and a t argeted soil geochemistry programme is being carried out over areas
where gold-rich veins are projected to outcrop in the North Zone based on historical drilling.
The reconnaissance mapping and rock sampling programme was implemented to better define the
controls on gold mineralization within the system . Grab sampling was carried out across all rock types in
the Main and East Zones with the intent of identifying the host for gold mineralization. The programme
was designed not to bias results by attempting to only replicate ultra -high grade gold from specific areas,
specifically, the Main Vein or the Pegleg Vein where historically reported diamond drill results include:
20.02 g/t gold over 2.4 metres, 11.08g/t gold over 3.0 metres and 24.50 g/t gold over 1.0 metre*.
* 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.
The results of the sampling campaign confirmed that gold w ithin the Main Zone is associated with
stibnite (Sb2S3). The high gold-stibnite samples were taken from quartz veins in the northwest and central
parts of the Main Zone. Five of seven samples running over 1.0 g/t gold had a strong association between
gold and antimony. Antimony values within these samples exceeded the upper threshold detection limits
at the analytical laboratory (10,000 ppm). Approximately 20% of the samples taken reported grades
exceeding 0.1 g/t gold and greater than five percent of the samples had grades over 1.0 g/t gold with the
highest assaying 4.0 g/t gold.
The Company was successful in gaining access to the Main Vein decline (see picture below) but given the
condition of the workings only seven metres was investigated but no sampling was carried out due to the
condition of the workings. Historical sampling from the walls of the Main Vein returned:
• Approximately 40 metres (dip length) with a weighted average grade of 11.73 g/t gold*.
* 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.
Detailed mapping at the Main Zone indicates that structural controls have played an important role in the
distribution of gold. It illustrates why previous operators may not have intersected the vein in some drill
holes while drilling in the same orientation and possibly assu ming greater continuity of the
mineralization. Gitennes’ understanding of the structure provides an opportunity to intersect high grade
gold mineralization in addition to what has been drilled in the past . While the Main Zone remains
important to Gitennes, the North Zone may potentially show greater consistency in the strike and dip of
the gold vein system. An expansion of the high resolution ground magnetometer survey and a targeted
soil sampling programme over the North Zone will be used to augment the information required to focus
the next phase of exploration in this area . Results from this phase of exploration will be released as the
data becomes available.
Main Vein, seven metres from the decline entrance.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral deposits. The Company currently has
two gold exploration properties, Hixon and Snowbird, 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 D. Fraser (P.Geo.), technical advisor 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
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 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 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 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 bel iefs, 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 here in
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.