VANCOUVER, Sept. 23, 2016 /CNW/ - Gitennes Exploration Inc. (TSXV – GIT) announces it has completed a first phase of exploration on its mining claims in the northern part of the Barkerville Gold Belt. The Company completed ground magnetics ("MAG") and electromagnetics ("EM"), mapping, prospecting, soil and rock sampling. Upon receipt of all assays the results will be compiled and combined with the geophysical data and mapping.
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. Additionally, historical regional airborne MAG surveys covering the Property show possible structural breaks in the stratigraphy. The MAG and EM completed by the Company was targeting potential structural breaks as well as contacts between the Snowshoe Group and adjacent rocks. The structural breaks may have the potential to host quartz veins.
Two active, mechanized placer gold operations on the Company's property were visited during the exploration program. At one of the operations recovery of placer gold was observed and Gitennes was able to map and sample outcrops in the active pit.
The Barkerville Gold Belt has seen renewed interest in the last few years and recently received a further endorsement with the acquisition of a 17% interest in Barkerville Gold Mines by Osisko Mines Corp.
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 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.
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 release.
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.
