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.
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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.
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