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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

Post by Goldjknfon Apr 22, 2021 4:54am
207 Views
Post# 33042904

Gitennes has commenced drilling on New Mosher in Quebec

Gitennes has commenced drilling on New Mosher in Quebec

GITENNES COMMENCES DIAMOND DRILLING ON NEW MOSHER GOLD PROPERTY, CHAPAIS-CHIBOUGAMAU AREA, QUEBEC

Gitennes Exploration Inc. has commenced diamond drilling on its New Mosher gold property. The first phase of drilling is planned for a minimum of 2,500 metres and will initially target areas of induced polarization, high chargeability and geophysical anomalies that are associated with historic gold values in diamond drilling. The identified chargeability anomalies are similar in orientation and intensity to gold bearing structures at the nearby Joe Mann mine. New Mosher is located three kilometres from the past-producing Joe Mann mine which produced approximately 1.2 million ounces of gold at an average grade of 8.3 grams per tonne gold plus silver and copper.

The drill program will be the first diamond drilling on the New Mosher property since the late 1980s. Two previous drill programs consisting of limited shallow drill holes intersected gold on two of the Gitennes IP anomalies. Additional IP anomalies have been detected both historically and in a recent survey and will be tested with the present drill program.

Diamond drilling in the 1980s intersected:

 

  • 8.1 g/t gold over 0.25 m;
  • 187 g/t gold over 5.1 m.

 

In the mid-1950s drilling intersected gold in four of five holes:

 

  • 3.40 g/t over 0.7 m at a down-hole depth of 65.2 m;
  • 1.28 g/t over three m at a down-hole depth of 57.9 m;
  • 0.87 g/t over 0.3 m at a down-hole depth of 41.7 m;
  • 0.29 g/t over 0.9 m at a down-hole depth of 37.7 m.

 

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 four properties in Quebec: JMW, RAL, New Mosher and Maxwell, the Snowbird gold property in British Columbia and a 1.5-per-cent net smelter return royalty on the 18 million ounce Urumalqui silver project in Peru. JMW and Maxwell are 100-per-cent-owned by Gitennes. RAL and New Mosher are under option from Kintavar Exploration and Gitennes can earn an initial 70 per cent and has the right to increase its ownership to 85 per cent. The Snowbird property was recently optioned to a gold exploration company.

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