VanEck Vectors Global Alternative Energy ETF

Published : July 30th, 2007

TotoRoko copper-silver-gold project - update

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Keywords :   Barite |
 

GITENNES? TOTOROKO COPPER-SILVER-GOLD PROJECT ? UPDATE

 

Vancouver, July 30, 2007; Gitennes Exploration Inc. (TSX-GIT) is pleased to report that on-going exploration at the Company?s TotoRoko Property continues to return highly encouraging results. Highlights include:

 

-          New zones of copper, gold and silver mineralization found;

-          Canta?a, a cross-cutting silver-gold structure, returning up to 1,230 g/t silver and 3.26 g/t gold;

-          Lomas Orjo, a further extension of the zone of outcropping secondary copper mineralization to the southeast;

-          Multiple parallel zones of alteration, mineralization and brecciation found, target width increases.

 

Mineralization at TotoRoko spatially associated with igneous intrusive rocks that occur along major faults related to the continent-scale Incapuquio (Peru) ? West Fissure (Chile) fault. A 4,500-metre long, northwest-striking panel of strongly magnetic, metasomatized and altered Jurassic-age Guaneros Formation and younger intrusive rocks is host to stockwork and disseminated copper-silver-gold mineralization (oxidized after primary sulphide minerals).These panels are also cut obliquely by narrower silicified and barite-rich vein-like structures mineralized with gold and silver (Canta?a). The relationship between the two differing styles of mineralization is not certain. However it is possible that they are both related to a highly evolved, concealed porphyry system at depth.

 

Exploration is focusing upon the south-eastern 2,200 metres of this mineralized panel where mineralization and alteration is strongest. Here, two areas of copper-bearing basaltic andesite flows, andesitic tuffs and breccias, and diorite intrusive rocks are being mapped and sampled. In this area, Cerro TotoRoko marks a 1,300-metre long by 200-metre wide zone in the northwest, and Lomas Orjo marks a 700-metre long by 400-metre wide zone to the southeast. Both zones show signs of strong shearing, argillic alteration, brecciation and strong fracturing.

 

New sampling results (chip-channel and grab) from mineralized outcrops at Lomas Orjo include:

 

Length

Cu %

Ag g/t

5 metres

1.5

9

18 metres

0.3

5

20 metres

0.2

2

23 metres

0.9

9

10 metres

0.8

14

25 metres

0.7

8

10 metres

0.9

12

7 metres

2.7

25

2 metres

1.9

31

2 metres

4.6

50

10 metres

3.1

33

Grab

2.6

21

Grab

1.9

18

Grab

6.6

52

Grab

2.3

26

Grab

1.1

10

Grab

1.4

14

 

New sampling results of mineralized outcrops at Cerro TotoRoko include:

 

Length

Cu %

Ag g/t

5 metres

3.4

32

10 metres

1.2

10

4 metres

0.9

21

Analytical results for copper and silver are rounded-off.  Gold is anomalous in both areas, with values ranging from ?nil? to 0.4 g/t.

 

Gitennes has previously reported other sampling results from the TotoRoko area and from areas 300 metres south of Lomas Orjo in a news release dated April 16th, 2007.

 

The area between Cerro TotoRoko and Lomas Orjo is typically covered by a thick layer of soil and colluvium. Local outcrops show that it is locally strongly altered and fractured, but has not been sampled. A silicified structure, Canta?a, was traced for 900 metres north from this area. Preliminary samples taken from the northern 400 metres of this feature returned high silver and anomalous gold values. The quartz-barite vein in this area is 2 to 3 metres wide and deeply oxidized.

 

Length

Ag g/t

Au g/t

Grab

35

3.5

2 metres

177

0.1

2 metres

393

1.5

2 metres

309

0.5

3 metres

1,230

1.7

2 metres

992

--

 

Exploration activities continue at TotoRoko with on-going geological mapping and sampling, and ground geophysical surveys (induced polarization and magnetometer) will commence at month?s end.

 

A geological map, sample plans and photos are available at www.gitennes.com/totoroko.htm.

 

TotoRoko is a 5,000-hectare property located in the dry coastal mountains of southwest Peru. The property is truck accessible, and is located in a sparsely settled area at an elevation of 3,400 metres. Principal economic activities in the region are mining and farming.

 

Work at TotoRoko is supervised by A. Fernandez-Baca (P.Geo). Analytical services are provided by ALS Chemex in Lima, Peru. The technical information in this release has been reviewed by J. Blackwell (P.Geo), a Qualified Person as defined by National Instrument 43-101.

 

For further information, contact:

 

Jerry Blackwell, President

 

 

 

The Toronto Stock Exchange has neither approved nor disapproved the information herein.

 

Suite 2390 ? 1055 West Hastings Street, Box 60, Vancouver, B.C.  V6E 2E9  Tel: 604-682-7970  Fax: 604-682-7903

email: info@gitennes.com   website: www.gitennes.com

 

Data and Statistics for these countries : Chile | Peru | All
Gold and Silver Prices for these countries : Chile | Peru | All

VanEck Vectors Global Alternative Energy ETF

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Gitennes Expl. is a silver exploration company based in Canada.

Gitennes Expl. holds various exploration projects in Canada and in Peru.

Its main exploration properties are TUCUMACHAY, URUMALQUI and TOTOROKO in Peru and RED and BEAR in Canada.

Gitennes Expl. is listed in Canada. Its market capitalisation is 2.6 millions as of today (US$ 2.4 millions, € 1.6 millions).

Its stock quote reached its highest recent level on December 31, 1998 at 3.50, and its lowest recent point on April 09, 2009 at 0.03.

Gitennes Expl. has 47 442 200 shares outstanding.

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Financings of VanEck Vectors Global Alternative Energy ETF
4/20/2010private placement update
8/26/2009Completes Private Placement
7/28/2009Amends Terms of Private Placement
Project news of VanEck Vectors Global Alternative Energy ETF
2/23/2011(Urumalqui)[Gitennes Exploration Inc.] 2011-02-22
2/1/2010(Urumalqui)Option Urumalqui Project
5/13/2009(Tucumachay)to Acquire 100% Ownership of Peruvian Gold Project
12/11/2008(Urumalqui)Reports on Progress at the Urumalqui Silver-Gold Project
4/18/2008(Urumalqui)REPORTS THAT URUMALQUI DRILLING HIGHLIGHTS GOLD AND SILVER G...
4/1/2008(Totoroko)NEW RESULTS POINT TO ADDITIONAL DRILLING
3/4/2008(Urumalqui)INTERSECTS URUMALQUI SILVER - GOLD VEIN AT DEPTH
1/30/2008(Totoroko) REPORTS COPPER AT TOTOROKO, STARTS DRILLING AT URUMALQUI
11/13/2007(Totoroko)UPDATE ON TOTOROKO DRILLING
7/30/2007(Totoroko)TotoRoko copper-silver-gold project - update
4/16/2007(Totoroko)Update on Peru Copper-Silver Project
Corporate news of VanEck Vectors Global Alternative Energy ETF
9/1/2011.
7/7/2010acquires Quebec Property, provides update on Peru Operations
3/19/2010Equity Financing
8/17/2009Listing Update
6/15/2009announces equity financing
12/18/2008TSX Listing Review
6/24/2008Stakes Iron Property in Peru
9/19/2007Gitennes reports on TotoRoko geophysics and results
5/15/2007Peru exploration and royalty update
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