1055 WEST HASTINGS STREET, SUITE 2390
VANCOUVER
British Columbia
Canada,
V6E 2E9
Phone: +1 (604) 682-7970
Fax: +1 (604) 608-9014
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Gitennes Exploration Inc. (GIT:TSX)) is an established exploration-oriented company focused on gold, silver, zinc and copper exploration in Peru. The Company has been listed in Canada since 1993 and traded on the TSX since January of 1998.
The Urumalqui property is an epithermal gold/silver vein prospect. Exploration work on Urumalqui has found four principal vein systems, one of which has been traced on surface and by drilling over a continuous distance of 1700 m, to depths of 220 m with an average exposed width of 3 m. Following upon three successful drill campaigns the company is undertaking a series of metallurgical tests on the mineralized core samples and has started on an underground sampling programme with the objective of optimizing the project's economics.
The Tucumachay property a sediment-hosted gold prospect situated in central, Andean Peru. Gold at Tucumachay is disseminated in Jurassic limestone, sandstone and shale, associated with zones of silicification, solution collapse, and carbonaceous fault zones. Gold mineralization is concentrated along the western limb and hinge zone of a major fold. The eastern limb is mineralized with a series of high-grade zinc showing that extend onto the 100%-held Titimina Property.
Gitennes has completed three drill programmes on the gold zones, outlining a large area of low-grade mineralization at surface.
The TotoRoko property is located in the department of Arequipa, southern Peru, approximately 510 kilometres southeast of Lima. The copper-silver mineralization at TotoRoko was discovered through in-house prospecting and was staked based upon the strong oxide copper mineralization at surface and its gross geological setting which is similar to that of the IOCG-type (Iron-Oxide-Copper-Gold) deposits found in northern Chile. There is no evidence of prior work on the property, however there is considerable competitor activity in the region, exploring for similar deposits. Other Peruvian projects include the La Chivona (Au-Cu-Zn), and Lapidem (Ag) properties.
Gitennes is an exploration company that acquires early-stage projects, likes fronteer environments and has a cost-effective approach to property exploration and development. Always looking for new opportunities, the Company is not focused on any single mineral commodity, preferring instead to hunt for opportunities that show size and scope in a political jurisdiction and location that make commercial sense.
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Company NewsMonday, June 15, 2009 Gitennes Exploration Inc. announces that it intends to undertake a private placement financing of up to 10,000,000 units at a price of $ 0.10 per unit. Each unit will consist of one common share and one share-purchase warrant that is exercisable within 12 months of closing at $ 0.20. Common shares will be subject to normal re-sale restrictions for up to four months from the date of issue. Insiders of the Company may subscribe for up to 10% of the units. News ReleasesThursday, December 18, 2008 Thursday, December 11, 2008 Map Legend: Producer Past Producer  Development  Exploration |
