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Gitennes Exploration Inc V.GIT

Alternate Symbol(s):  GILXF

Gitennes Exploration Inc. is a gold exploration company. The Company is in the business of exploring for and advancing mineral properties with a focus on high grade or large tonnage gold deposits. The Company has five gold properties in Quebec, JMW, New Mosher, Maxwell, VG Boulder and Serpenphior, the Snowbird gold property in British Columbia. It has an option to earn up to an 85% interest in the New Mosher Gold Property which is 670 hectares and is located approximately four kilometers (km) from the past producing Joe Mann Gold Mine. The Maxwell Property is 6,640 hectares and it is located approximately 14 kilometers south of Chapais and 18 kilometers northeast of the Company’s JMW property. It owns 100% of the 2,150-hectare JMW Property, which is located approximately 30 km south of Chapais Quebec. The Snowbird High Grade Gold Project consists of eight mineral claims, comprising 3,018 hectares, located approximately 20 km west of Fort St. James, in central British Columbia.


TSXV:GIT - Post by User

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Post by jknf113on Sep 23, 2007 3:31pm
167 Views
Post# 13451042

Latest Press release

Latest Press releaseGitennes reports on TotoRoko geophysics and results via COMTEX September 19, 2007 VANCOUVER, Sep. 19, 2007 (Canada NewsWire via COMTEX News Network) -- Gitennes Exploration Inc. (TSX-GIT) is pleased to report on exploration progress at its 100%-owned TotoRoko Project located in Peru. TotoRoko is a bulk copper-silver-gold project, where three large areas of oxide copper (Cerro TotoRoko, Lomas Orjo and NW) have been discovered along a 4,500 metre long panel of highly faulted and altered Jurassic volcanic rocks. A cross-cutting zone of gold-silver mineralization, Cantana, occurs between Cerro TotoRoko and Lomas Orjo. Induced Polarization (IP) and magnetometer surveys have been completed over Cerro TotoRoko, Cantana and Lomas Orjo. Several very large, distinct chargeability anomalies were detected, including a 1,300-metre anomaly that is coincident with Cerro TotoRoko. The anomaly extends off-grid to the northwest and to depth to the southeast, beneath Lomas Orjo. A second strong anomaly of unknown origin occurs to the north of the primary target area. The strongest portions of this latter anomaly are "down-dip" from the Cantana vein. A third strong anomaly occurs southwest of the Cerro TotoRoko. Drilling is planned for all three anomalies. Geological mapping and sampling continue to detail and expand the primary target area. Small, isolated outcrops that may represent a new zone that is parallel to the Cerro TotoRoko, with similar characteristics, has been found 120 metres southwest of the original TotoRoko zone in an area of cover. Chip-channel results from these small outcrops include: CC No. 28964: 4 metres grading 0.253 g/t gold, 22 g/t silver and 0.7% copper; CC No. 28965: 4 metres grading 0.480 g/t gold, 9.7 g/t silver and 0.6% copper; and CC No. 28966: 6 metres grading 0.113 g/t gold, 3.7 g/t silver and 0.2% copper. As a result of the continued encouragement from both the geophysical surveys and basic "boot 'n hammer" prospecting, exploration work is continuing on the entire property. The NW area, northwest of Lomas Orjo will be mapped and sampled in more detail in the following weeks, and further work is required to prioritize the IP anomalies. Road access into the region has improved considerably as a result of the local government's infrastructure initiatives, and most of the TotoRoko Project may now be accessed by truck. All agreements covering camp and local access have been signed with the local communities. Drilling is planned when a suitable rig becomes available, probably in late October.
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