Vancouver, British Columbia / TheNewswire / October 25, 2017 - Gitennes Exploration Inc. ("Gitennes" or the "Company") has commenced a diamond drilling on its Snowbird High Grade Gold Project located in north central BC. The Snowbird project is accessible year-round via paved and dirt roads and is located at a relatively low elevation with moderate relief not exceeding 190 metres. The ease of access to all parts of the property enables cost effective diamond drilling throughout the entire year.
The Company plans to drill a minimum of 1,000 metres of core and focus on the North and Main Zones of the Snowbird high grade gold trend during its initial programme. The drill is currently collared on one of five priority targets located within the North Zone. Subsequent to these targets being tested, four holes will be completed on the high grade gold mineralization known to exist within the Main Zone at Snowbird.
The Company's field work over the past several months has delineated the strike extent of the Snowbird gold bearing structure for over 2.5 kilometres. High grade historical gold results within the trend are directly associated with listwanite, a key ultramafic rock alteration directly associated with several multi-million ounce gold deposits in BC and the Motherlode District in California. Gitennes' drilling will target the listwanite along the Snowbird Trend during its drill campaign.
The Company also announces that it will grant options to non-insider technical advisors that are providing geological services to the Company and have been an integral part of the Company's exploration programmes. Pursuant to its stock option plan, the Company intends to grant 400,000 incentive stock options all of which options will vest at the time they are granted. Each option is exercisable to purchase one common share of the Company at $0.12 for a term of five years.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral deposits. The Company currently has two gold exploration properties, Hixon and Snowbird, both in British Columbia and a 1% Net Smelter Returns royalty on the 18 million ounce Urumalqui Silver Project in Peru.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Dean Fraser (P.Geo.), technical advisor to the Company, who is a "qualified person" within the meaning of National Instrument 43-101.
