Vancouver — Gitennes Exploration (GIT-V) is encouraged by gold grades found in outcrops on the Tucumachay property, 160 km east of Lima in Peru.
The outcrops form part of the recently discovered Encantada target, which is characterized by multiple veins and vein breccias of black, fine-grained silica. The rocks contain traces of orpiment and realgar, which are indications of arsenic (often found in vein and hotspring deposits). Jasperoids crosscut the host limestone and dolomite.
Seventy-five chip samples carried assays of up to 6.32 grams gold per tonne.
More recent samples returned 13.3 grams over 25 metres.
Gitennes is earning a 100% interest in the Tucumachay project from Inmet Mining (imn-t) by spending US$600,000 on exploration by year-end. The property comprises 34 sq. km.
Gitennes has also staked a 24-sq.-km area in three concessions collectively known as Titimina. This property covers the northward strike extent of favourable host rocks beyond the Tucumachay ground.
“Both properties cover the same geological structure — a big, folded anticline with a core of Jurassic limestone, which hosts the mineralization,” says Gitennes President Jerry Blackwell.
He says soil sampling results from the fringe of the anticline on the Titimina ground have been spotty, and that more sampling and prospecting are required. He adds that the Titimina ground may be more prospective for zinc than for gold.
Gitennes is arranging $1.5 million in equity financing for further work at the Tucumachay project, including geophysics, more soil sampling and drilling.
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