Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Gitennes Exploration (GIT) has announced that visible gold was found in two locations on its VG Boulder Property
  • The programme also located a new showing on the property containing anomalous antimony, arsenic and cobalt
  • Ken Booth, President of Gitennes Exploration sat down with Dave Jackson to discuss the program results
  • Gitennes Exploration Inc is in the business of exploring for and advancing mineral properties with a focus on high-grade gold
  • Gitennes Exploration Inc. (GIT) is up 11.11 per cent on the day, trading at C$0.05 per share at 12:30 pm EST

Gitennes Exploration (GIT) has announced that visible gold was found in two locations on its VG Boulder Property.

The discovery was made during a recently completed reconnaissance programme. The programme also located a new showing on the property containing anomalous antimony, arsenic and cobalt. To cover additional favourable geology along structures that control mineralization in the Gaspe Region, the company has increased the size of the Property.

Property highlights

  • Visible gold found in boulders in two ocations on the property;
    • Locations are 50 metres apart and in the vicinity of historically reported visible gold in large angular boulders (58 g/t);
    • Associated Antimony, Arsenic and Cobalt mineralization in a new location;
  • Property increased from 1,250 hectares to 5,787 hectares to cover favourable geology along major structure and splays. New claims cover 14 km strike of the prospective Grand Pabos Fault Zone, same fault as found in Newfoundland
  • Historically reported old (22.4 g/t) and ntimony (15.4 per cent) in outcrop;
  • Property covers geology and structure that is similar to recent gold discoveries in Newfoundland.

Ken Booth, President of Gitennes Exploration sat down with Dave Jackson to discuss the program results.

“The results from Gitennes initial programme are very encouraging. To find visible gold in two locations further highlights how prospective the VG Boulder Property is and validates historically reported high grade gold in boulders and outcrop. With the addition of approximately 4,500 hectares Gitennes has now established a major foothold in the area and the new claims cover prospective geology and the key structures which appear to control the gold mineralization. The main structure on the Gitennes claims, The Grand Pabos fault, is the same key structure that is host to the recent discoveries of high grade gold in Newfoundland. Gitennes looks forward to the next programmes on VG Boulder which will consist of an airborne magnetomer/electromagnetic (“EM”) geophysical survey and follow up ground work in early 2022.”

Gitennes Exploration Inc is in the business of exploring for and advancing mineral properties with a focus on high-grade gold.

Gitennes Exploration Inc. (GIT) is up 11.11 per cent on the day, trading at C$0.05 per share at 12:30 pm EST.

More From The Market Herald

" American Cumo Mining Corporation is now Multi-Metal Development Ltd (TSXV:MLY)

Multi-Metal Development (TSXV:MLY) has completed its name change from American CuMo Mining Corporation.

" EGFV Corp (CSE:EGFV) signs LOI to acquire the Raven Quarry Property

Evolution Global Frontier Ventures (EGFV) has signed a non-binding Letter of Intent to acquire the Raven Quarry Property, located in Harrison, British Columbia.

" K2 Gold (TSXV:KTO) plans Si2 and Wels exploration work targeting gold mineralization

K2 Gold Corporation (KTO) has outlined its 2022 exploration plans for the Si2 and Wels projects.

" Labrador Gold Corp. (TSXV:LAB) exercises Kingsway Property option

Labrador Gold (LAB) has exercised its option two years early to earn 100 per cent of the three licences comprising the Kingsway project