Tucumachay Drill Results Oct.12, 2005I will be posting all of the Tucumachay drill results over the next day or two, worth a read.
Jerry don't let someone earn in!!!
How quickly everyone forgets, the numbers are very good. Check them out. 47.8 metres of 0.98g/ton
LOOK AT ALL OF THE NUMBERS THEY ARE VERY PROFITABLE IN TODAYS MARKET AND GOLD PRICE, LOOK AT THEM ALL
Vancouver, October 12, 2005; Gitennes Exploration Inc. (TSX-GIT) has completed a preliminary exploration
core drilling programme at the Tucumachay Project in central Peru. The highlight of the drilling is the discovery
of a near-surface zone of gold mineralization in the Leonardo Norte – Sinkhole area that is open to expansion by
additional drilling.
In total nineteen holes were drilled from 15 pads at five different targets. The objective of the drilling was to
begin testing the subsurface continuity of some of the gold targets found by prospecting, soil geochemistry and
geophysics. Important intersections include:
Hole # /Target From to …metres/ Interval(m)/ Gold g/t /Silver g/t
(Encantada Area
T05-01-------0 to 5.95----------5.95----------3.03------8.3
T05-02-------28.9 to 31.9-------3.0-----------2.49------9.9
T05-05-------35.5 to 40.5-------5.0-----------2.71------5.4
La Nariz Area
T05-08-Greg--16.9 to 21.35------4.45----------1.13-----62.4
T05-12-Leon.-30.0 to 48.0------18.00----------1.21------3.1
incl.--------36.0 to 40.5-------4.50----------3.03------5.1
T05-13-Sinkh.-47.0 to 62.0-----15.00----------0.30------0.00
T05-14-Sinkh.-35.0 to 48.5-----13.50----------0.76------2.60
incl----------42.5 to 47.0------4.50----------1.19------1.1
And-----------72.0 to 89.0-----16.50----------0.86------1.2
incl----------74.0 to 80.0------6.00----------1.05------1.1
T05-15-Sinkh.-21.0 to 43.5-----22.50----------0.50------6.0
incl----------37.5 to 42.0------4.50----------1.05------2.4
T05-16-Leona.--4.7 to 52.5------47.8----------0.98------1.9
T05-17-Cliff---8.5 to 38.5------30.0----------0.70------0.8
Drill plans, cross-sections, selected core photographs and other diagrams that illustrate the technical aspects of
these results are available at www.gitennes.com.
Leonardo Norte – Sinkhole Targets Look Promising - Holes T05-12, 14, 15 and16 encountered significant,
shallow gold mineralization within 100 metres of a local cross-fault over a length of 400 metres. A number of
shallow dipping limestone or dolomite intraformational and solution collapse breccias appear to be important
mineralized host-rocks. Hole T05-13 was collared 110 metres south of the prospective fault, and encountered
similar rock units that are highly anomalous in gold. Beds of mineralized intraformational breccia, individually up
to 12 metres thick, outcrops from 50 metres east to 150 metres north of the set-up for holes 14/15, and are wellmineralized,
with most chip-channel samples ranging from 0.3 to 2.0 g/t gold.
It appears that the mineralization found in the area around the Leonardo Norte - Sinkhole is open to significant
expansion with further drilling. Similar potential exists elsewhere in the La Nariz area where a combination of
other flat-lying breccias and cross-faults occur. Noteworthy is the 550-metre wide, un-drilled corridor south to the
Cliff zone and 350 metres east to Inmet hole T99-04 (0.78 g/t gold over 15 m).
Results on Other Targets - Hole T05-08 was collared 40 metres west of outcropping Greg target siliceous
mudstone breccia, with a second, vertical hole at the same set-up (T05-09). Only minor Greg-type breccia was
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encountered in either hole, with the corresponding interval marked by fault gouge and oxidized rubble.
Underlying limestone is notably pyritic and mineralized over a 4.45 m core interval (1.13g/t gold, 62.4 g/t silver
and 2.9% zinc). Follow-up detailed soil sampling in the Cerro Oeste-Greg-Mina Saturno area has detected a
number of high-contrast gold, silver and zinc anomalies over a 600 by 75 –100-metre area, some of which may
be related to Greg-style siliceous mudstone breccia or to possibly Saturno-style base metal mineralization.
Holes T05-10 and 11 tested the same mudstone horizon on Cerro Oeste, 400 metres south of the Greg, where
trench samples returned up to 4.7 g/t gold. Both holes returned anomalous gold values.
Holes T05-01 to 07 were drilled in the southernmost 200-metre segment of the 1400-metre long Encantada
target. Holes were drilled both perpendicular to bedding (holes T05-01 to 04) and to jasperoid veining (T05-05 to
07). Drill results suggest that much of the manto-style mineralization found on surface has been truncated by
two east-dipping faults and lies 80 metres (or more) deeper than previously thought. A re-location of the drill
platforms up-hill and to the east is required to test this interpretation. Domains of pyrite-matrix limestone breccia
(possibly hydrothermal in origin) plus graphitic shears and veins occur west of these faults and beneath the drill
platforms. Much of the Encantada target is north of the two problematic faults. Subsequent drilling will test this
larger segment.
Three holes (T05-17 to 19) tested either the down-dip or fault-offset extensions of the Cliff target. All three
intersected highly siliceous limestone, breccia or jasperoid over thicknesses greater than observed on surface.
Hole T05-17 returned 30 metres grading 0.7 g/t gold, while T05-18 returned erratic and lower grade values. T05-
19 was weakly mineralized.
Gold Mineralogy - New technical information also of note are the results of a preliminary mineralogical study of a
suite of rock samples from Tucumachay. Micron-sized grains of gold were observed in mineralized samples,
sometimes associated with minor pyrite, graphite and trace sphalerite. Gold grains are not necessarily in contact
with either sulphide minerals or quartz, and are not encapsulated. This suggests that gold liberation might be
achieved through conventional milling and metallurgical processes.
Gitennes’ geological team agrees “these early results, particularly in the La Nariz area, are highly encouraging.
When examined in detail, using the supplied drilling plan and sections, it is clear that a substantial gold target is
present, is at surface, is readily explored and is an attractive bulk-extractable zone. Tucumachay is a large
property with lots of gold showings; to get these results with so few, widely scattered holes, is a great start.”
The Tucumachay Project is held under option from Inmet Mining Corporation. Under the terms of the
agreement, Gitennes must incur US$ 600,000 exploration expenditures before December 31, 2005. To earn a
100% interest Gitennes must, at its option, spend an additional US$ 1.0 million by December 31, 2008. Inmet
has the option to subsequently earn-back a 60% interest by spending three times Gitennes’ total project-related
expenses, a decision that will be triggered upon Gitennes completing 12,000 metres of drilling.
Work at Tucumachay is under the supervision of James Foster (P.Geo.) and Alvaro Fernandez-Baca (P.Geo.).
Analytical services are provided for by ALS Chemex Laboratories in Lima, Peru. The technical information
contained in this release has been reviewed by Jerry Blackwell (P.Geo.), a Qualified Person as defined in
National Instrument 43-101.
Current activity at Tucumachay includes renewed surface work in anticipation of a second round of drilling. Work
includes detailed rock and soil sampling as well as geological mapping to follow-up the drill results. An update
on the results of these activities will be provided prior to a resumption of drilling.
For further information contact:
LATER I WILL POST THE REST OF THE TUCUMACHAY DRILL RESULTS