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VanEck Vectors Global Alternative Energy ETF

Publié le 18 avril 2008

REPORTS THAT URUMALQUI DRILLING HIGHLIGHTS GOLD AND SILVER GRADES AT DEPTH

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GITENNES REPORTS THAT URUMALQUI DRILLING HIGHLIGHTS GOLD AND

SILVER GRADES AT DEPTH

 

-  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, 2008: 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:

  

Drill Hole Number

From…to…

(metres)

Core length & True width (metres)

Silver

(g/t)

Gold (g/t)

Silver Equivalent (g/t)

Silver Equivalent (oz/ton)

URU08-41

Incl.

And

Incl.

219.30 to 225.50

220.30 to 223.30

236.00 to 239.30

237.50 to 238.00

6.20

3.00

3.30

0.50

3.29

1.59

1.75

0.26

103.61

127.07

44.82

30.00

--

--

1.38

6.84

n/a

n/a

113.82

372.00

n/a

n/a

3.32

10.85

URU08-42

Incl.

156.05 to 162.50

157.30 to160.90

6.45

3.60

4.40

2.46

157.18

168.61

2.48

4.13

281.18

375.11

8.20

10.94

URU08-43

147.90 to152.55

4.25

2.56

128.03

0.74

165.03

4.81

URU08-44

239.00 to 242.60

3.60

2.98

83.81

0.46

106.81

3.12

URU08-45

Incl.

And

211.90 to 222.80

211.90 to 213.30

217.40 to 219.20

10.90

1.40

1.80

8.59

1.10

1.42

191.72

265.14

386.89

1.91

0.38

7.55

287.22

284.14

764.39

8.38

8.29

22.29

URU08-46

100.05 to 101.05

1.00

0.71

88.05

0.27

101.55

2.96

URU08-47

139.50 to 142.30

2.80

1.98

162.86

0.97

211.36

6.16

 

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 Hole

From (metres)

To (metres)

Width (metres)

Gold (g/t)

Silver (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.

 

Suite 2390 – 1055 West Hastings Street, Box 60, Vancouver, B.C.  V6E 2E9  Tel: 604-682-7970  Fax: 604-608-9014

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

 

VanEck Vectors Global Alternative Energy ETF

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CODE : GIT.TO
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Gitennes Expl. est une société d’exploration minière d'argent basée au Canada.

Gitennes Expl. détient divers projets d'exploration au Canada et au Perou.

Ses principaux projets en exploration sont TUCUMACHAY, URUMALQUI et TOTOROKO au Perou et RED et BEAR au Canada.

Gitennes Expl. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 2,6 millions (2,4 millions US$, 1,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 1998 à 3,50 , et son plus bas niveau récent le 09 avril 2009 à 0,03 .

Gitennes Expl. possède 47 442 200 actions en circulation.

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Financements de VanEck Vectors Global Alternative Energy ETF
20/04/2010private placement update
26/08/2009Completes Private Placement
28/07/2009Amends Terms of Private Placement
Projets de VanEck Vectors Global Alternative Energy ETF
23/02/2011(Urumalqui)[Gitennes Exploration Inc.] 2011-02-22
01/02/2010(Urumalqui)Option Urumalqui Project
13/05/2009(Tucumachay)to Acquire 100% Ownership of Peruvian Gold Project
11/12/2008(Urumalqui)Reports on Progress at the Urumalqui Silver-Gold Project
18/04/2008(Urumalqui)REPORTS THAT URUMALQUI DRILLING HIGHLIGHTS GOLD AND SILVER G...
01/04/2008(Totoroko)NEW RESULTS POINT TO ADDITIONAL DRILLING
04/03/2008(Urumalqui)INTERSECTS URUMALQUI SILVER - GOLD VEIN AT DEPTH
30/01/2008(Totoroko) REPORTS COPPER AT TOTOROKO, STARTS DRILLING AT URUMALQUI
13/11/2007(Totoroko)UPDATE ON TOTOROKO DRILLING
30/07/2007(Totoroko)TotoRoko copper-silver-gold project - update
16/04/2007(Totoroko)Update on Peru Copper-Silver Project
Communiqués de Presse de VanEck Vectors Global Alternative Energy ETF
01/09/2011.
07/07/2010acquires Quebec Property, provides update on Peru Operations
19/03/2010Equity Financing
17/08/2009Listing Update
15/06/2009announces equity financing
18/12/2008TSX Listing Review
24/06/2008Stakes Iron Property in Peru
19/09/2007Gitennes reports on TotoRoko geophysics and results
15/05/2007Peru exploration and royalty update
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