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Gitennes Exploration Inc.
Summary
| Project: | Snowbird | |
|---|---|---|
| Deposit: | Snowbird | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2018: Gitennes Exploration Inc. announces an Exploration/Drilling Update report for its Snowbird deposit at the Snowbird project. Drilling results incl. 2.02m @ 9.10g/t Au. Vancouver, B.C., - October 17, 2018 - Gitennes Exploration Inc. ("Gitennes" | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Justin Rensby (Internal) | |
| ABSTRACT: | Vancouver, B.C., - October 17, 2018 - Gitennes Exploration Inc. ("Gitennes" or the "Company") - (TSXV – GIT) announces it is planning a third phase of diamond drilling before the end of 2018 at its Snowbird High Grade Gold Project located near Fort St. James, British Columbia. The Company also announces that as part of its normal assay procedures results greater than 15 g/t gold are re-run using a metallic screen. In Gitennes news release dated September 12, 2018 the Company reported 11.31 g/t gold over 1.32 metres including 15.85 g/t gold over 0.82 metres. Using a metallic screen analysis the interval graded 22.5 g/t gold over 0.82 metres and over 1.32 metres the grade is 15.13 g/t gold. Based on Gitennes’ work and a review of historical information high-grade gold occurs within and adjacent to the 25 to 150 metre wide silica-carbonate altered ultramafic unit in areas of high deformation (faulting/shearing) and is associated with key pathfinder elements arsenic and antimony. Gold in quartz veins is predominantly hosted in the footwall, both in the ultramafic unit and in a thick mudstone unit in close proximity to the contact between the two units. Gitennes work suggests that the down dip extension of the Main Zone mineralization may steepen at depth. Phase III drilling will test this as all historical drilling has been to a vertical depth of less than 150 metres. Gitennes’ phase III drilling will test the steepening of the Main Zone mineralization at depth by drilling up to 400 metre holes. The Snowbird Project’s logistics allows for drilling year-round and with a multi-year permit in place Gitennes will be able to drill during the upcoming winter months. The logistics also allow for cost efficient drilling which over the last two diamond drilling programmes averaged approximately C$175/metre all-in. | |
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