VANCOUVER, June 29 /CNW/ - Gitennes Exploration Inc. (TSX-GIT) is pleased
to provide a further update on the company's activities in Peru.
At the Tucumachay Project in central Peru, recent exploration activities
on the Encantada Target include further rock-chip and panel sampling, grid
geophysical surveys and detailed geological mapping. Results continue to be
highly encouraging.
Rock-chip and panel sample results include:
<<
-------------------------------------------------------
Number Length (m) Gold (g/t) Silver (g/t)
-------------------------------------------------------
T27571 15 1.10 9.6
T22032 20 5.65 26.3
T22049 10 1.13 11.9
T22024 12 3.55 44.7
T27467 20 0.73 21.6
C28158 6 1.71 14.8
C27061 3 1.19 10.2
C22052 5 1.69 7.5
-------------------------------------------------------
T27170 (T2)(x) 46 3.06 2.9
T27607 (T1)(x) 325 0.96 5.0
Including 65 2.20 8.4
Including 14 4.15 11.4
T3(x) 25 13.31 36.0
T4(x) 25 7.87 30.9
T5(x) 22 7.79 41.7
-------------------------------------------------------
(x) denotes previously released
-------------------------------------------------------
Traverses T22024, T22032 and T27467 are 2x5-metre panel samples collected
southeast and along strike from traverses T1 and T4. These results extend the
Encantada a further 100 metres, and attest to the quality of the
mineralization in the Encantada Sur segment. Traverse T27571 and chip samples
C28158, C27061 and C22052 were collected on isolated jasperoid outcrops up to
1000 metres along-strike to the northwest from the Sur segment and 600 metres
from T27170.
Six wide-spaced (150 to 250 metres) lines of IP reveal a distinct
900 metre-long chargeability anomaly. The anomaly occurs on all six lines and
is open along strike in both directions. On line 1 the chargeability feature
is in close proximity to the footwall contact of the Encantada target, where
sample traverses T3, T4 and T5 are situated. These sample traverses cross
higher-grade, massive mantos of jasperoid that contain patches of disseminated
pyrite, which could cause the observed IP anomaly. Rust-coloured soil, gossan,
jasperoid outcrop and anomalous gold-in-soils coincide with the anomaly at
several points along its length.
Crews are currently focusing upon the Cliff-Sinkhole-Leonardo target
area. Detailed mapping, rock sampling and grid geophysics is underway. An
update of the results of this activity will be released before drilling, which
is anticipated to begin in August.
Field work at Tucumachay is supervised by J. Foster, P.Geo. Analytical
services are provided by ALS Chemex Laboratories in Lima and North Vancouver.
The technical information contained in this release has been reviewed by Jerry
Blackwell P.Geo., a Qualified Person as defined in National Instrument 43-101.
Maps and photographs illustrating some of these results will be available
Thursday June 30th on the Company's website at www.gitennes.com and for
discussion at a presentation to be made at the Terminal City Club, Vancouver
this afternoon at 1:30 pm
The Tucumachay Project is held under option from Inmet Mining
Corporation.
Separately, the Company has been advised by its joint venture partner,
Meridian Gold Inc. that Meridian will withdraw from the Urumalqui joint
venture. Gitennes' interest in the project will increase to 100%.
Urumalqui is an epithermal silver-gold prospect located in north-central
Peru. Two successive years of exploration drilling has broadly outlined a
well-mineralized vein system and identified additional targets. Consolidation
of project interests will allow Gitennes to facilitate future exploration and
development of Urumalqui.
The Toronto Stock Exchange has neither approved nor disapproved the
information herein.
>>
%SEDAR: 00003914E
Powered by 
Google Übersetzer
Google Übersetzer