Gitennes' Snowbird High Grade Gold Project continues to generate positive results

2017-11-09 / @thenewswire

(TheNewswire)

Results from soil sampling programme outlines previously unrecognized anomalous area coincident with high resolution magnetometer survey

Vancouver, British Columbia / TheNewswire / November 9, 2017 - Gitennes Exploration Inc. ("Gitennes" or the "Company") provides results from soil sampling completed over an area proximal to the North Zone where the Company's high resolution, ground magnetometer survey previously outlined magnetic low features potentially associated with the Snowbird mineralized structure. The Snowbird High Grade Gold Project is located in north central BC and is accessible year round via paved and dirt roads.

The soil survey was completed on an approximate 100 metre spaced reconnaissance grid lines with samples taken approximately every 25 metres. A total of 64 samples were taken in September and October and sent for analysis to ALS Global. Results of work by previous operators on the Snowbird Project indicate a strong correlation between gold mineralization and stibnite ("antimony") and arsenopyrite ("arsenic") which are key indicator minerals in many gold deposits similar to Snowbird. Gitennes' sampling results are encouraging as both antimony and arsenic in soil were found to be in anomalous concentrations over an area highlighted by the ground magnetometer survey and to the southwest of the main structure (see figures below). Log-probability plots were used to identify changes in sample populations and thus identify anomalous levels of indicator elements. Arsenic was found to be anomalous at levels of 28 ppm and above while it was found to be 2.8 ppm for antimony.

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Figure 1 - Antimony in soil - Southwest of the Snowbird Structure (blue)

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Figure 2 - Arsenic in soil - Southwest of the Snowbird Structure (blue)

The clustering of "off grid line" responses reflects the October follow-up of the September sampling. The follow-up confirmed that the initial anomaly was reproducible and has areal extent. The coincidence of the magnetometer low and the anomalous antimony and arsenic in soils provides a new and promising target for Gitennes to follow up on during its next phase of exploration.

The Company also announces that it has begun the process of permitting its drill programmes for 2018.

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 D. Fraser (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.