(TheNewswire)
Vancouver, B.C. - TheNewswire - February 10, 2022: Gitennes Exploration Inc. ("Gitennes" or the "Company") – (TSXV:GIT) announces that sampling on its 100% owned VG Boulder Property during a reconnaissance programme in late 2021 returned values up 75.7 g/t gold. Anomalous analyses were obtained from 10 of 13 samples with values ranging from 0.186 to 75.7 g/t gold, including 8.54, 3.83 and 1.55 g/t gold. The samples were taken from angular rubble in a creek bed over a length of 165 metres and the high grade samples appear to be sub-crop or close to being in-situ (Figure 3). In addition, three samples taken from an outcrop about 3.6 km northeast of the high grade sample analyzed 1.54, 0.952 and 0.387 g/t gold (Figure 3).
The VG Boulder property has seen little past work and the showings are undrilled. Gitennes plans to return to VG Boulder as soon as weather permits in the spring for a mapping and prospecting campaign.
Property Highlights
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Gitennes finds visible gold in boulders in two locations on the Property; Analyses as high as 75.7 g/t gold (Figures 1 and 2);
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Historical gold showing located (22.4 g/t) and antimony (15.4%) in outcrop 3.6 km northeast of Boulder Showing, new showing in outcrop identified. (Figure 3);
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Geology is comparable to that of Gander, Newfoundland where significant gold mineralization has been identified.(Figure 4);
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5,787 hectare property covers favourable geology and key regional structures.
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Figure 1: Brecciated sediment with quartz flooding and visible gold (enlargement in Figure 2)
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Figure 2: Close-up of quartz with visible gold mineralization from Figure 1
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Figure 3: VG Boulder Property (black outline) with Gitennes Sampling (yellow boxes) and Historical Highlights
The VG Boulder Property is located in the Gaspe Region of Quebec (Figure 5) and covers geology and structure that is similar to recent gold discoveries in Newfoundland. The gold mineralization in the region is traditionally hosted by structures related to the Grand Pabos Fault, a major regional structure that can be traced across the entire Gaspe Peninsula and into Newfoundland where major gold discoveries have been made recently (Figure 4).
Regional Context and Discussion
Recent research has revealed that gold mineralization is related to the Ordovician to Silurian-aged closing of the Iapetus Ocean. This ancient suture in the earth’s crust extends from North America, through the Gaspe Peninsula, Newfoundland, across the Atlantic Ocean to Ireland (Figure 4). Major gold deposits are associated with this event in Newfoundland and Ireland and structure is found to be a key aspect of these deposits and the critical control of gold mineralization including gold mineralization in the Gaspe Region of Quebec
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Figure 4: Global Significance of Closing of the Iapetus Ocean and Relation to Gold Deposits including mineralization on Gitennes Properties labelled Gaspe Gold.
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Figure 5: Location Map – Gitennes Gaspe Properties
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral properties with a focus on high grade or large tonnage gold deposits. The Company currently has five gold properties in Quebec, JMW, New Mosher, Maxwell, VG Boulder and Serpenphior, the Snowbird gold property in British Columbia and a 1.5% Net Smelter Return royalty on the 18 million ounce Urumalqui Silver Project in Peru. Gitennes owns 100% of its Quebec gold properties except for New Mosher which is under option for Gitennes to earn an initial 70% with the right to increase its ownership to 85%.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Wayne Holmstead (P.Geo.), who is a "qualified person" within the meaning of National Instrument 43-101.
For further information on the Company, readers are referred to the Company’s website at www.gitennes.com and its Canadian regulatory filings on SEDAR at www.sedar.com.
Gitennes Exploration Inc.
“Ken Booth”
Ken Booth
President
For further information, please contact: Ken Booth
Phone: 604-682-7970
Email: info@gitennes.com