- 8.52-metre true width returns 191.7 g/t silver, 1.9 g/t gold in drill
hole 45
- Zone remains open to expansion along strike in both directions, and
to depth
VANCOUVER, April 17 /CNW/ - Gitennes Exploration Inc. (TSX-GIT) is very pleased to release the remaining drill results for its recently completed drill programme at Urumalqui in northern central Peru. Urumalqui is a 100%-owned exploration-stage project where the Company is systematically drilling one large, 1,500 metre-long epithermal silver-gold vein within a larger multi-vein system with the near-term objective of establishing a preliminary inferred resource.
The recent drilling ended in March, having completed twelve holes totalling 2,433.6 metres on the main Urumalqui Vein. Results from holes URU08-36 through 40 were previously released March 4th, 2008. Significant vein intercepts include:
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Core
length Silver Silver
Drill From... & True Equi- Equi-
Hole to... width Silver Gold valent valent
Number (metres) (metres) (g/t) (g/t) (g/t) (oz/ton)
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URU08-41 219.30 to 225.50 6.20 3.29 103.61 -- n/a n/a
Incl. 220.30 to 223.30 3.00 1.59 127.07 -- n/a n/a
And 236.00 to 239.30 3.30 1.75 44.82 1.38 113.82 3.32
Incl. 237.50 to 238.00 0.50 0.26 30.00 6.84 372.00 10.85
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URU08-42 156.05 to 162.50 6.45 4.40 157.18 2.48 281.18 8.20
Incl. 157.30 to 160.90 3.60 2.46 168.61 4.13 375.11 10.94
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URU08-43 147.90 to 152.55 4.25 2.56 128.03 0.74 165.03 4.81
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URU08-44 239.00 to 242.60 3.60 2.98 83.81 0.46 106.81 3.12
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URU08-45 211.90 to 222.80 10.90 8.59 191.72 1.91 287.22 8.38
Incl. 211.90 to 213.30 1.40 1.10 265.14 0.38 284.14 8.29
And 217.40 to 219.20 1.80 1.42 386.89 7.55 764.39 22.29
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URU08-46 100.05 to 101.05 1.00 0.71 88.05 0.27 101.55 2.96
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URU08-47 139.50 to 142.30 2.80 1.98 162.86 0.97 211.36 6.16
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Silver equivalent is calculated using a ratio of 50:1. The Company has not undertaken metallurgical tests to determine the recovery of gold and silver. Therefore the silver equivalents values stated here assume a recovery of 100%.
Silver and, most notably gold grades, are strong in deep step-down holes URU08-41 and 45 that cut the vein from 170 to 240 metres below surface along a 370 metre-long segment of the vein. Holes URU08-42 and 43 infill a 100 by 200 metre-sized gap in drilling and are comparable in grade and widths to adjacent drill holes. Drill hole URU08-46 tested the northwestern edge of the primary target area at a depth of 110 metres below surface, returning a below average grade intercept. Though disappointing, earlier holes drilled 50 to 100 metres away to the southeast returned excellent results (i.e. Hole URU03-07 with 13.66 oz/ton silver equivalent over a true width of 4.06 metres).
Drill hole URU08-47 is a step-out 70 metres to the southeast from hole URU04-29, and adds strike length to the main target in an area where the vein does not appear at surface. Further step-out and deeper drilling is likely to add additional mineralization.
As reported previously by the company, a mineralized gold (and silver) halo, or "envelope", surrounds the main Urumalqui vein. Drilling continues to encounter this remarkable style of mineralization.
Drill From To Width Gold Silver Hole (metres) (metres) (metres) (g/t) (g/t) ------------------------------------------------------------------------- URU08-42 135.50 166.80 31.30 0.7 47.8 ------------------------------------------------------------------------- URU08-43 142.70 174.80 32.10 0.2 57.9 ------------------------------------------------------------------------- URU08-47 108.10 144.10 36.00 0.3 27.1 -------------------------------------------------------------------------
Gitennes' exploration drilling at Urumalqui has been done on relatively widely-spaced centres, from 45 to over 100 metres apart, and has concentrated upon the 1,000 metre-long, southeastern and central portion of the main Urumalqui vein. Despite having drilled the vein to depths exceeding 200 metres below surface, the vein structure remains strong and mineralized. All holes are in the "boiling zone", based upon vein textures, and the potential for good mineralization at deeper levels than those tested thus far is considered to be good. Recent drill results also suggest that further drilling on the 400 to 500 metre-long northwestern segment of the same vein structure is necessary, where 2003-2004 drilling may have been too shallow.
The next steps in the project are to complete some very preliminary laboratory tests that will guide future metallurgical tests, and to prepare a resource estimate that will be included in a technical report.
Drilling at Urumalqui is under the supervision of Alvaro Fernandez-Baca, P.Geo. Analytical services and fire assays are provided by ALS Chemex Laboratories and SGS Laboratories Limited in Lima. The technical information in this release has been reviewed by J. Blackwell (P.Geo), a Qualified Person as defined by National Instrument 43-101.
An updated drill plan and a longitudinal section may be found on our website at www.gitennes.com.
Jerry Blackwell, President
The Toronto Stock Exchange has neither approved nor disapproved the
information herein.