(TheNewswire)
Vancouver , B ritish Columbia /
TheNewswire / August 3, 2017 – Gitennes Exploration Inc . (“Gitennes” or the “Company) provides an update on its first
exploration programme on the Snowbird high grade gold Project, located in north central BC. Mapping has already identified a
key rock unit that hosts the high grade gold mineralization at Snowbird and is associated with several multi-million ounce orogenic
gold deposits in western North America. Gitennes’ initial work supports its premise that the main structure at Snowbird is at
least five kilometres long with multiple areas of intense alteration that historically have been identified to host high grade gold
mineralization. The Company’s mineral claims cover the entire length of the structure.
The focus of the first programme is to map and sample the Main Zone (previously referred to as the Main and
Pegleg zones), conduct a ground magnetometer geophysical survey (“MAG”) and to verify several key mineralized areas identified in
programmes by previous operators. The results of the first programme will facilitate selection of diamond drill
targets.
The Main Zone, known to host high grade gold mineralization identified through five diamond drill programmes in
the 1980’s has now been found to be contained within a unit identified as listwanite, an intense quartz-carbonate alteration
of ultramafic rocks which also contains mariposite. Mariposite is a key alteration mineral and along with listwanite is
associated with multi-million ounce gold deposits such as the Mother Lode district in California and the Bralorne mine in BC.
Mapping in this first programme has recognized that the listwanite unit continues approximately 1.3 kilometres to the
southeast and along strike of the Main Zone. The Company’s mineral claims cover this area. An airborne geophysical
survey carried out in mid-1994 indicates that this zone is sub-parallel to the Main Zone. MAG surveys are currently being
carried out over the Main Zone to provide additional structural information.
Sampling has been completed over approximately 100 metres of the Main Zone and is being carried out over the
newly identified quartz-carbonate-mariposite zones. These samples have been submitted for assaying. Grab samples
collected in 2014 from the Main Zone returned values up to 47.7 g/t gold.
Mapping of the Main Zone has identified what appear to be key structural features. Preliminary
interpretation suggests that folding in the host veins at the Main Zone may explain why some of the historical drill holes may not
have intersected the high grade gold mineralization. These new structural concepts will help orient diamond drilling and further
enhances the potential to find additional high grade gold mineralization at Snowbird.
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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