Gitennes intersects Urumalqui silver-gold vein at depth



    
    -   Mineralization extended to southeast and to depth
    -   Grades and widths remain strong
    -   Large zone of strong alteration with disseminated mineralization
        found at deeper levels
    

    VANCOUVER, March 4 /CNW/ - Gitennes Exploration Inc (TSX-GIT) is pleased
to report significant silver and gold intercepts from the ongoing drilling
programme at its 100%-owned Urumalqui project in north central Peru.
    Six new holes have been completed, with results received for the first
five, and drilling continues. All of the holes reported here test the main
Urumalqui Vein structure deeper at its southeastern end. Drilling shows that
while the vein is narrow on surface (1 metre), it thickens with depth.
Significant vein intercepts from the current programme include:

    
    -------------------------------------------------------------------------
                                    Core
                                  length                   Silver    Silver
    Drill            From...      & True                     Equi-     Equi-
    Hole               to...       width    Silver   Gold  valent    valent
    Number           (metres)    (metres)     (g/t)  (g/t)   (g/t)  (oz/ton)
    -------------------------------------------------------------------------
    URU08-36     60.15-62.15    2.00  1.53   493.0   3.05   645.5      20.8
    -------------------------------------------------------------------------
    URU08-37   170.00-180.00   10.00  6.46   108.9   0.48   132.9       4.3
    -------------------------------------------------------------------------
    URU08-38     88.20-90.95    2.75  2.11    84.9   2.02   185.9       6.0
    Including    89.05-89.50    0.45  0.41    39.0   5.75
    -------------------------------------------------------------------------
    URU08-39   254.50-257.90    3.40  2.60   104.1   1.18   163.2       5.2
    -------------------------------------------------------------------------
    URU08-40   181.00-193.00   12.00  8.85   141.0   0.49   165.5       5.3
    -------------------------------------------------------------------------
    

    Silver equivalent is calculated using a ratio of 50:1. The Company has
not undertaken metallurgical tests to determine the recovery of gold and
silver. Therefore the silver equivalents values stated here assume a recovery
of 100%.
    Vein widths and the silver and gold grades reported are comparable or
higher than those from previous drill programmes. The intercepts in the
southeastern portion of the Urumalqui vein show that the structure remains
open at depth and along strike to the southeast. At depth the Urumalqui vein
maintains both continuity and grade and remains a relatively simple
quartz-andularia vein with only rare traces of sulphide minerals. These deeper
intersections have significantly increased the project's resource potential.
The Urumalqui vein has now been traced by drilling over a strike length of
1,400 metres and has been intersected to depths of over 200 metres below
surface.
    As reported previously by the company (November 20th, 2003), a
mineralized gold halo surrounds the main Urumalqui vein. Deeper drilling
during this latest programme has found that the width and strength of this
"gold envelope" mineralization increases at depth, with significantly higher
silver grades than previously identified. Recently completed holes URU08-39
and URU08-40 intersected the Urumalqui vein and its envelope at deeper levels
from surface than previously encountered by the Company.

    
    -------------------------------------------------------------------------
    Drill
    Hole                                        Width       Gold     Silver
    Number         From... to... (metres)     (metres)      (g/t)      (g/t)
    -------------------------------------------------------------------------
    URU08-39       235.00-295.60 (E.O.H.)       60.60       0.30       26.0
    -------------------------------------------------------------------------
    URU08-40       174.00-205.30 (E.O.H.)       31.30       0.41       64.2
    -------------------------------------------------------------------------
    

    Gold and silver mineralization in the gold envelope in holes URU08-39 and
URU08-40 is accompanied by locally strong chlorite-pyrite alteration with
zones of moderate silicification. The holes ended in mineralization and the
zone remains open in all directions. This zone of alteration is first observed
in hole URU08-39 at a depth of 144 metres (hangingwall to the vein) and is
more pervasive from 235 metres downwards, with remarkably consistent low-grade
gold and silver mineralization.
    Company geologists suspect that the zone is "evolving" at depth into a
larger hydrothermal system that is not epithermal in nature and pre-dates the
veins that have been the target of our drilling to date. It is interesting to
note that a comparable style of gold mineralization was encountered in drill
holes (2004) from the Mariscala vein, located one kilometre west. The
intervening area has not been drilled.

    Hole locations: Hole URU08-36 was collared 60 metres north-northwest of
hole URU04-29 (2.2 metres @ 149.29 g/t Ag) at an inclination of -45 degrees.
The vein was cut at a vertical depth of 48.5 metres below surface. This hole,
together with URU08-37 and URU08-38, was aimed at testing the continuity of
the vein between hole URU04-29, the most southeasterly hole drilled to date,
and hole URU04-16 (1.4 metres @ 296.4 g/t Ag), collared 250 metres to the
northwest.
    Hole URU08-37 was collared 80 metres west-southwest of hole URU08-36 at
an inclination of -55 degrees. The vein was cut at a vertical depth of
157 metres below surface. The hole was aimed at testing the continuity of the
vein progressively towards the northwest from hole URU04-29.
    Hole URU08-38 was collared 45 metres closer towards the vein than
URU08-37 at an inclination of -55 degrees. It aimed to cut the vein at a
shallower depth than URU08-37 in order to test the continuity of
mineralization along the plane of the vein. It cut the vein at a vertical
depth of 78 metres below surface.
    Hole URU08-39 was collared 189 metres west-southwest of hole URU04-38 and
aimed to cut the vein in between earlier holes URU04-30 (1.03 metres @ 135 g/t
Ag) and URU03-13 (2.83 metres @ 237.60 g/t Ag), spaced 100 metres apart.
URU08-39 was drilled at an azimuth of 023 degrees and an inclination of -45
degrees. The vein was cut at a vertical depth of 207 metres below surface, the
deepest vein intercept to date.
    Hole URU08-40 was collared 100 metres northwest of hole URU08-39 and
30 metres behind hole URU03-13 (2.83 metres @ 237.60 g/t Ag) along the same
section. The aim was to undercut hole URU03-13 to test the vein's grade and
thickness continuity at depth. The hole was drilled at an inclination of -50
degrees. The vein was intersected at a vertical depth of 158 metres below
surface.
    Drilling at Urumalqui is under the supervision of Alvaro Fernandez-Baca,
P.Geo. Analytical services and fire assays are provided by ALS Chemex
Laboratories in Lima. The technical information in this release has been
reviewed by J. Blackwell (P.Geo), a Qualified Person as defined by National
Instrument 43-101.
    Analytical data from the gold envelope, an updated drill plan and a
longitudinal section has been posted to our website at
www.gitennes.com/Projects/Urumalqui.

    Jerry Blackwell, President

    The Toronto Stock Exchange has neither approved nor disapproved the
    information herein.





For further information:

For further information: visit our website at www.gitennes.com, or
contact: Jerry Blackwell, President, Suite 2390 - 1055 West Hastings Street,
Box 60, Vancouver, B.C., V6E 2E9, Tel: (604) 682-7970, Fax: (604) 608-9014,
email: info@gitennes.com, website: www.gitennes.com

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