Gitennes Provides Updates on its JMW and Maxwell Properties, Chapais-Chibougamau Area, Quebec

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[{"type":"text","content":"Gitennes Provides Updates on its JMW and Maxwell Properties, Chapais-Chibougamau Area, Quebec\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C., -\n \n \n TheNewswire -\n \n \n February 9\n \n \n ,\n202\n \n \n 3\n \n \n : Gitennes Exploration\nInc.\n \n \n (\"Gitennes\" or the\n\"Company\") –\n \n \n (TSXV:GIT) provides an\nupdate on its JMW and Maxwell properties, Chapais-Chibougamau Area,\nQuebec.   The two properties were optioned to Newfoundland Discovery\nCorp. (CSE - NEWD) in late 2022 and Newfoundland Discovery completed a\nfive-hole diamond drill programme on JMW and a 1,000-line kilometre\nairborne magnetometer (“MAG”) geophysical survey on\nMaxwell.\n \n \n \n \n Gitennes and Newfoundland Discovery have now received\nall of the MAG data and will begin processing the data to determine\nthe next phase of work on Maxwell.  Diamond drill core from all five\nholes from the JMW drilling has been sampled and the samples have been\nreceived by the assay lab.  Results from the assaying are expected in\nlate February or early March.\n \n \n \n \n Gitennes also announces that its stock option plan,\npresented at the Company’s latest annual meeting, was approved by\nits shareholders.\n \n \n \n \n The Company is\n \n \n granting 200,000\nincentive stock options to consultants.  Each option is exercisable\nat $0.05 per share and has a term of two years.  This grant of\noptions remains subject to acceptance by the TSX Venture\nExchange.\n \n \n \n \n About Gitennes Exploration\nInc.\n \n \n \n \n Gitennes is in the business of exploring for and\nadvancing mineral properties with a focus on high grade\n \n \n or large tonnage\n \n \n gold\n \n \n deposits\n \n \n .  The Company currently has\nfive gold properties in Quebec, JMW, New Mosher, Maxwell, VG Boulder\nand Serpenphior, the Snowbird gold property in British Columbia and a\n1.5% Net Smelter Return royalty on the 18 million ounce Urumalqui\nSilver Project in Peru.  Gitennes owns 100% of its Quebec gold\nproperties except for New Mosher which is under option for Gitennes to\nearn an initial 70% with the right to increase its ownership to 85%.\n JMW, Maxwell and Snowbird have been optioned to gold exploration\ncompanies.\n \n \n \n \n For further information on the Company, ...

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