Gitennes Announces TSX Venture Exchange Acceptance of Agreement to Acquire the Snowbird High Grade Gold Project

Gitennes Exploration (TSXV:GIT) has announced that a previously announced letter agreement, which provides for the grant to Gitennes of the exclusive right to acquire an undivided 100 percent interest in and to the Snowbird high grade project has been accepted for filing by the TSX Venture Exchange.
As quoted in the press release:

Snowbird Project Highlights
The Snowbird Project is an advanced stage, high grade gold project covering 7,120 hectares which is located 20 kilometres west of Fort St. James, British Columbia. Fort St. James is a full service community providing infrastructure and skilled manpower. To the north of Fort St. James is Centerra Gold’s Mt. Milligan copper-gold mine which hosts proven and probable reserves of 2.2 billion pounds of copper and 5.7 million ounces of gold and to the south of Fort St. James is New Gold’s Blackwater development project that hosts reserves of 8.2 million ounces of gold and 61 million ounces of silver.
The Snowbird Project has seen little to no exploration since the late 1980’s when three diamond drill programmes were completed bringing the total diamond drilling on the Project to 91 holes totalling 9,340 metres. The drilling was concentrated between two zones over 800 metres and left several zones untested including a new zone 1.5 kilometres north of the drilling.
Selected historical diamond drill results include:

• –23.9 g/t gold over 0.91 meters;
• –18.5 g/t gold over 2.44 meters; and
• –48.0 g/t gold over 1.0 meters.

(Readers are cautioned that a “qualified person” (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information, and therefore the information should not be relied upon.)

Click here to read the full press release.