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The Company’s second diamond drillprogrammewill focus on the New Mosher Showing where the Company encountered significant widths of anomalous gold (see highlights on page 2). In addition to Gitennes’ encouraging results from the first diamond drill programme the New Mosher Showing (Area 1, Figure 1) has gold in historical drilling, 8.1 g/t gold over 0.25metresand 1.87 g/t gold over 5.1metresand grab samples assaying 16 g/t gold and 5.66 g/t gold.
With the second phase of drilling to focus on the New Mosher Showing (Area 1,Figure 1) the Company recently located several drill pads for the upcoming programme and confirmed the location of quartz veins in the showing area (Figure 2).
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Figure 1 –Area 1– New Mosher Showing will be focus of second phase drill programme
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Figure 2 – New Mosher Showing with detailed map of quartz veins in sheared volcanics including approximate location of Noranda historical grab samples and 2018 sampling. The second phase of diamond drilling will target the quartz veins with several drill holes.
Highlights of First Diamond Drilling Programme
Gold intersected over significant widths:
22 metresin hole NM 21-02 grading 0.25 g/t gold
9.0 metresin hole NM 21-11 grading 0.71 g/t gold
5.0 metresin hole NM 21-08 grading 0.68 g/t gold
Gold intersections areshallow
10 of 19 holesintersected anomalous gold mineralization,
All three areas tested intersected goldmineralization
Broad zones of gold mineralization correlate well with previously identified IP anomalies
Associated with intensealteration withquartz-carbonate veining,pyrite, pyrrhotite, chalcopyrite and arsenopyrite
The New Mosher Property is located three kilometres from the past producing
(1)Readers are cautioned that the Company has no interest in or right to acquire any interest in the Joe Mann mineand that mineral deposits and production results from the Joe Mann mine are not indicative of mineral deposits on the Company's properties or any potential exploitation thereof.Source: Technical Report on the Joe Mann Mining Property dated
January 11, 2016 , prepared byGeologica Inc.
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Figure 3 –New Mosher Property and Gitennes other properties in
About
Gitennes is in the business of exploring for and advancing mineral properties with a focus on high grade gold. The Company currently has three properties in the
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 of applicable 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 any property Options 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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