(TheNewswire)
Vancouver, British Columbia / TheNewswire / April 18 , 2017
– Gitennes Exploration Inc. ("Gitennes" or the "Company") - (TSXV: GIT) announces that following compilation of the database
on its advanced stage high grade Snowbird Gold Project it has conducted a preliminary interpretation of an
historical airborne magnetics (“MAG”) survey. The preliminary interpretation indicates that the main structure hosting
the mineralization at Snowbird trends to the southeast for approximately an additional 2.5 kilometres. Previous exploration
on the main structure occurs over a distance of approximately 2.3 kilometres and combined with the preliminary MAG interpretation
appears to indicate that the structure may be up to 4.8 kilometres long.
Snowbird Project Highlights
The Snowbird Project is an advanced stage, high grade gold project covering 7,120 hectares which is located 20
kilometres west of Fort St. James, British Columbia. Fort St. James is a full service community providing infrastructure and
skilled manpower.
The Project is orogenic in style and has been recognized as being similar to other lode gold systems that are
associated with terrane boundary structures and ophiolite complexes within the Cordillera. Several well-known examples of
significant past producers include the Motherlode District and Quartz Hill in California and in British Columbia, Rossland,
Bralorne and Barkerville.
The Snowbird Project has seen little to no exploration since the late 1980’s when three diamond drill
programmes were completed bringing the total diamond drilling on the Project to 88 holes totalling 9,340 metres. The drilling
was concentrated between two zones over 800 metres and left several zones untested including a new zone 2.0 kilometres north of the
drilling.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral deposits. The Company currently has
two gold exploration properties, Hixon and Snowbird, both in British Columbia and a 1% Net Smelter Returns royalty on the 18
million ounce Urumalqui Silver Project in Peru .
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by L.
Mireku, MSc (P.Geo.), technical advisor to the Company, 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain statements that constitute "forward-looking information" within the meaning
of applicable Canadian securities laws concerning the business, operations and financial performance and condition of the Company.
All statements in this news release that are not purely historical are forward-looking statements and include any statements
regarding beliefs, plans, expectations and orientations regarding the future. Often, but not always, forward-looking statements can
be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "schedules", estimates", "forecasts",
"intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof and phrases
that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Such
forward-looking statements include, among others, statements as to the anticipated business plans and timing of future activities
of the Company, including the exercise of the option to acquire the Snowbird Project and to conduct exploration activities thereon.
Actual results could differ from those projected in any forward-looking statements due to numerous factors including risks and
uncertainties relating to exploration and development and actual results of exploration activities; the ability of the Company to
obtain additional financing; delays in obtaining governmental and regulatory approvals (including the TSX Venture Exchange),
permits or financing; the need to comply with environmental and governmental regulations; potential defects in title to the
Company's properties; fluctuations in the prices of commodities and precious metals; operating hazards and risks; environmental
issues and liabilities; and competition and other risks and uncertainties of the mining industry. Although the Company believes
that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that
those beliefs, plans, expectations or intentions will prove to be accurate. Readers should consider all of the information set
forth herein and should review the Company’s periodic reports filed from time-to-time with Canadian securities regulators. These
reports and the Company's filings are available at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements
contained in this news release are made as of the date of this news release and, except as otherwise required by law, the Company
undertakes no obligation to update the forward-looking statements contained herein, or to update the reasons why actual results
could differ from those projected in these forward-looking statements.
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