VANCOUVER, Oct. 28, 2016 /CNW/ - Gitennes Exploration
Inc. (TSXV – GIT) provides an update on exploration on its mining
claims in the northern part of the Barkerville Gold Belt. The
first phase completed by Gitennes was a reconnaissance program to
provide a base of information and to determine the next phase of
work on the Property. To the Company's knowledge there is no record
of prior exploration having been done on its claims.
Access to the property is via well-maintained year round logging
roads covering most of the Property. Outcrop exposure;
however, is very poor due to extensive glacial and alluvial cover
over much of the Property with exposures limited to road cuts, deep
stream valleys or in areas underlain but intrusive rocks.
Gitennes' Property is in the Cariboo Gold District and lies
approximately 50 kilometres northwest of Barkerville Gold Mine's
Cariboo Gold Project. Gitennes' Property, like that of
Barkerville Gold's Cariboo Project, is within the Omineca Belt and
is underlain by Kootenay and Quesnel terranes. The northern extent of
the Kootenay terrane is referred to as the Barkerville subterrane
and is underlain by the Snowshoe Group which is dominated by late
Proterozoic and/or early Paleozoic metasediments. Gold
mineralization on Barkerville Gold's property is hosted within
rocks of the Snowshoe Group and is in quartz veins or is sulphide
replacement related. Government maps indicate Gitennes'
Property contains rocks of the Snowshoe Group.
Approximately 23 kilometres of reconnaissance high resolution
ground magnetics ("MAG") and EM16 VLF electromagnetics ("EM") was
completed with the initial aim of trying to identify structural
breaks in the stratigraphy which may have the potential to host
quartz veins as well as contacts between the various rock
units. In the area surveyed, the magnetic gradient was fairly
weak but the MAG survey was able to define the contact between the
intrusive rocks and the sediments. Two reconnaissance EM
lines were completed while attempting to maintain similar
orientation and location as the MAG survey. The EM survey did
produce an anomaly near to and most likely related to the contact
identified by the MAG.
Two reconnaissance soil sampling lines and one line of mobile
metal ion ("MMI") sampling was done in an area thought to be
underlain by rocks of the Snowshoe Group. In much of the area the
soil profile was not well developed. A total of 49 soil
samples, including 27 MMI samples, were collected and all samples
were assayed for precious and base metals. The soil and MMI
sampling did not return any anomalous values. Rock sampling was
limited due to the lack of outcrop owing to extensive overburden on
the Property. Fifty six (56) rock samples were collected in the
first phase with 32 samples from one of two active, mechanized
placer gold operations on the Property. No outcrops were observed
at the second operation. Rocks in the placer pit were most
likely from the Takla Group and consisted predominantly of
interbedded black argillite, greywacke and minor limestone.
None of the samples returned anomalous gold or silver.
Gitennes' Property is accessible by all-weather highways and by
secondary roads leading east from Highway 97 and is subject to a 2%
NSR on all hard rock mineral products.
The Company also announces that it is granting 2,450,000
incentive stock options to directors and officers. Each
option is exercisable at $0.05 per
share and has a term of five years.
Gitennes continues to review other opportunities. The
Company is focusing on more advanced stage gold, silver and base
metals properties in North
America.
The technical information in this release has been reviewed by
L. Mireku, M.Sc. (P.Geo.), a Qualified Person as defined by
National Instrument 43-101.
For more information on the Company please go to
www.gitennes.com.
Gitennes Exploration Inc.
Ken Booth
President:
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 release.
This press release does not constitute an offer to sell or a
solicitation to buy any of the securities of Gitennes in
the United States.
SOURCE Gitennes Exploration Inc.
