Precious Metals

Gitennes Exploration (TSXV:GIT) has announced that it has entered into a letter agreement with privately run Omineca Gold, whereby Gitennes will have the exclusive right to acquire a 100 percent interest in Omineca’s advanced stage, high grade Snowbird gold project. As quoted in the press release: Snowbird Project Highlights Past exploration activities carried out on …

Gitennes Exploration (TSXV:GIT) has announced that it has entered into a letter agreement with privately run Omineca Gold, whereby Gitennes will have the exclusive right to acquire a 100 percent interest in Omineca’s advanced stage, high grade Snowbird gold project.
As quoted in the press release:

Snowbird Project Highlights
Past exploration activities carried out on the Snowbird Project include:

  • 91 diamond drill holes totaling 9,340 meters;
  • 164 percussion holes totaling 2,535 meters;
  • Extensive soil sampling, geological mapping and geophysics;
  • Digitized database incorporating historical work from 1975 onwards; and
  • Diamond drilling permits in place.

Selected historical diamond drill results include:

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

Overview of the Snowbird Project
The Snowbird Project consists of eight mineral tenures, comprising an aggregate area of 2,021 hectares, located approximately 20 kilometers west of Fort St. James, British Columbia.  The project is accessible year round via paved and dirt roads and sits at a relatively low elevation with moderate relief (not exceeding 190 meters) allowing access to all parts of the property and enabling cost effective diamond drilling programmes.
Mineralization
The Snowbird Project hosts structurally controlled orogenic gold mineralization. Gold occurs in veins and stringer zones localized within the northwest-trending Sowchea Fault Zone and associated subsidiary structures.  Better developed quartz-carbonate veins and stringer zones, and higher gold grades, occur at the hangingwall and footwall contacts of the host shear zone.  Rare coarse gold and massive stibnite is associated with cross-cutting north-south faults, which have not been adequately tested by prior drill orientations.  Gold mineralization also occurs in a poorly explored, narrow elongate body of sericite-muscovite altered quartz diorite to tonalite intrusive outcrops east of the Sowchea Fault Zone.  The major host lithologies on the Snowbird Project are argillite, chert, Alpine-type ultramafics (harzburgite), andesite, granodiorite, diorite and minor limestone.

Click here to read the full press release.

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