Gitennes Substantially Increases Size of its Advanced Stage, High Grade Snowbird Gold Project and Begins Planning First Phase of Exploration

VANCOUVER, Feb. 27, 2017 /CNW/ - Gitennes Exploration Inc. ("Gitennes" or the "Company") - (TSXV – GIT) announces it has staked an additional 5,100 hectares at its advanced stage, high grade Snowbird gold project, located near Fort St. James, British Columbia (the "Snowbird Project").  The new claims bring the size of the Snowbird Project to 7,120 hectares and ensure that the Project covers all of the prospective geology and previously identified targets. Gitennes has also commenced an in-depth review of the extensive database for the Snowbird Project the results of which will be used to focus the Company's first phase of exploration.

Mineralization on the Snowbird Project occurs primarily in the Main, North, East, Granite and New Showing zones. The majority of the 91 diamond drill holes on the Project have been drilled on the Main and North zones over approximately 800 metres.  Selected historical diamond drill results from the Main and North zones include:

Gold  Grade (g/t)

Interval (metres)

Zone

20.02

2.4

Main

11.08

3.0

Main

24.50

1.0

Main

16.27

4.0

North

16.55

1.2

North

11.39

2.1

North

 

Readers are cautioned that a "qualified person" (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon.

The New Showing zone occurs approximately 1.5 kms north of the North zone and represents a prospective drill target. The New Showing is an under explored quartz-carbonate-mariposite altered vein system. Previous trench sampling of the New Showing delivered anomalous gold values. 

About Gitennes Exploration Inc.

Gitennes is in the business of exploring for and advancing mineral deposits. Gitennes acquires properties directly by staking, through option agreements with prospectors or other exploration companies, and through reconnaissance programmes. The Company currently has two gold exploration properties, Hixon and Snowbird, both in British Columbia and has a 1.0% Net Smelter Returns royalty on the 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.), 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.

On behalf of the Board of Directors of

Gitennes Exploration Inc.

"Ken Booth"
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 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 of the TSX-V), 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.

SOURCE Gitennes Exploration Inc.

For further information: Ken Booth, Phone: 604-682-7970, Email: info@gitennes.com

RELATED LINKS
http://www.gitennes.com

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