Eagle Royalties

Gitennes Exploration Plans Phase II Drilling and Trenching at Snowbird Project

Vancouver, British Columbia / TheNewswire / November 23, 2017 - Gitennes Exploration Inc. ("Gitennes" or the "Company") provides a further update from its first phase diamond drilling on its Snowbird High Grade Gold Project located in central BC. The Snowbird project is accessible year round via paved and dirt roads and sits 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.

Gitennes' first drill programme at Snowbird consisted of ten NQ2 sized diamond drill holes totalling 1,212 metres. Subsequent to a detailed examination of the geological data collected during the program, it is evident that structural control plays a very important role for the emplacement of gold on the Property. The largest and strongest veining and alteration zones noted in the core are found along lithological contacts and in fault and shear zones where ductile deformation was most intense. The broadest zone of veining was noted to occur over 24 metres with a veining density of approximately 15% including an interval of eight metres in which the vein density was 35%. Zones of silica-carbonate +/- mariposite, chrome-rich mica associated with the listwanite host rock reported in the historical drilling was sampled wherever intersected. Drill hole SB17-03 intersected massive stibnite over a width of eight centimetres at the margin of a two metre intersection of quartz-carbonate veining and mariposite. Based on historical results, gold is known to occur in close association with both stibnite and listwanite at Snowbird. Listwanite is associated with several multi-million ounce gold deposits in BC and the Motherlode District in California and historically, high grade gold results at Snowbird are directly associated with listwanite. Gitennes intersected listwanite in all of the holes drilled in its first programme.

The Company will continue to assess all geological, geochemical and geophysical data collected during the 2017 exploration program. Assays from 360 core samples for the recently completed 2017 drill program are pending.

Gitennes is currently in the process of permitting the Phase II of diamond drilling and trenching programme for 2018.

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 D. Fraser (P.Geo.), technical advisor to the Company, who is a "qualified person" within the meaning of National Instrument 43-101. 

MORE MINING NEWS

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

KODIAK COPPER (TSX.V: KDK)

Kodiak Copper

Kodiak Copper is focused on its 100% owned copper porphyry projects in Canada and the USA. The company was founded by Chairman Chris Taylor (President and CEO of Great Bear Resources) and led by Claudia Tornquist... LEARN MORE