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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

Bullboard Posts
Post by SKLASSENon Jan 05, 2000 11:11am
62 Views
Post# 1194611

Good buy right now with these markets

Good buy right now with these marketsGlad to see that some threads have been started for GIT. GIT is a deal at these prices, given that the company is due to receive another $2.0M US from Cambior (CBJ) in February. Even if the company does not recieve the payment from CBJ because of CBJ's hedging panic and blunders, it will recieve the Virgen property back which should still be quite marketable. Supposably there was approximately another $4.5M spent on the Virgen property in 1999 for additional drilling and feasibility studies. All the information from this work is to be provided to GIT should the property be given back. Short-term: expecting $.30 by February Long-term: Hold - Could see some great things materialize in the next year or two. Here's to 2000!
Bullboard Posts