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.
