(via TheNewswire)
The VG Boulder property has seen little past work and the showings are undrilled. Gitennesplans to return to VG Boulder as soon as weather permits in the spring for a mapping and prospecting campaign.
Property Highlights
Gitennes finds visible gold in boulders in two locations on the Property; Analyses as high as 75.7 g/t gold (Figures 1 and 2);
Historical goldshowing located (22.4 g/t)and antimony(15.4%)in outcrop3.6 km northeast of Boulder Showing, new showing in outcrop identified. (Figure 3);
Geology is comparable to that of
Gander, Newfoundland where significant gold mineralization has been identified.(Figure 4);5,787 hectare property covers favourable geology and key regional structures.
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Figure 1: Brecciated sediment with quartz flooding and visible gold (enlargement in Figure 2)
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Figure 2: Close-up of quartz with visible gold mineralization from Figure 1
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Figure 3: VG Boulder Property (black outline) with Gitennes Sampling (yellow boxes) and Historical Highlights
The VG Boulder Property is located in the
Regional Context and Discussion
Recent research has revealed that gold mineralization is related to the Ordovician to Silurian-aged closing of the
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Figure 4: Global Significance of Closing of the
.
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Figure 5: Location Map –
About
Gitennes is in the business of exploring for and advancing mineral properties with a focus on high gradeor large tonnagegolddeposits. The Company currently has five gold properties in
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by
For further information on the Company, readers are referred to the Company’s website atwww.gitennes.comand its Canadian regulatory filings on SEDAR atwww.sedar.com.
“Ken Booth”
President
For further information, please contact:
Phone: 604-682-7970
Email: info@gitennes.com
Neither the
Not for distribution to
Cautionary Note Regarding Forward-Looking Information
This news release includes certain statements that constitute "forward-looking information" within the meaning ofapplicable 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 New Mosher, RAL and Snowbird Projects 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.
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