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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

Comment by Waybackjoeon Oct 05, 2022 11:46am
260 Views
Post# 35006794

RE:RE:Got my GIT on

RE:RE:Got my GIT onJust to let you know AndeanGold which signed the deal with GIT on the Urumalqui claim in Peru got a stop trading notice several years ago and so far i haven't come across anything  to show this claim to be active as in exploration being done. Anyway it doesn't really matter because the 1.5% NSR  ( about $2,700,000 ) would only be recoverable in increments as production of the 18M oz silver is recovered during the life span of the mine.

The real carrot here is the 22M plutus shares owned by GIT as part of the Snowbird deal. Element79 ( ELEM ) has issued a binding letter of intent to buy all oustanding shares of Pluto, a private company.

GIT has valued these shares at 10 cents each... $2,200,000 total. Plutus has completed all contract obligation to GIT as per the Snowbird as of June/2022.
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