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Gitennes Reports More Results from Urumalqui Project - Peru
Published : May 24, 2011
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VANCOUVER, May 24, 2011 /CNW/ - Gitennes Exploration Inc. (TSXV: GIT) has been advised by AndeanGold Ltd. (TSXV: AAU) of additional assay results for a second set of three drill holes from its drilling program at the Urumalqui Gold Silver project in Peru. Twenty-three core holes are planned with 17 completed thus far.

The assay results for the second set of three drill holes follow. These three holes are aligned on one section, vertically one above the other.

                             
            TRUE               SILVER
FROM   TO   INTERVAL   WIDTH     GOLD     SILVER   EQUIVALENT
(metres)   (metres)   (metres)   (metres)     (g/t)     (g/t)   (g/t)     (oz/t)
DRILL HOLE PGUR #06 (VEIN INTERSECT - 57.9 METRES BELOW SURFACE)
80.35   86.1   5.75   4.50     2.03     142.83   244.33     7.86
INCLUDING                                  
80.85   84.45   3.60   2.81     2.94     172.21   319.21     10.26
DRILL HOLE PGUR #07 (VEIN INTERSECTED - 102.7 METRES BELOW SURFACE)
133.60   137.70   4.10   3.11     0.44     80.57   102.57     3.30
INCLUDING                                  
133.60   135.60   2.00   1.52     0.78     110.50   149.50     4.81
DRILL HOLE PGUR #08 (VEIN INTERSECTED - 138.8 METRES BELOW SURFACE)
155.70   160.81   5.11   3.09     2.38     228.09   347.09     11.16
INCLUDING                                  
157.70   160.81   3.11   1.88     3.82     274.68   465.68     14.97

SILVER EQUIVALENT - Based on a silver to gold ratio of 50:1 and assuming 100% metallurgical recoveries.
oz/t: Troy ounces per metric tonne.

These three holes were drilled approximately 100 metres to the west of the three holes described in the Company's news release of March 16, 2011. A 200 metre-long segment of the main Urumalqui Vein has now been defined at 50-metres intervals up to depths of 200 metres below surface. AndeanGold intends to take an one thousand-metre length of the mineralized structure to this level of drill testing which should be sufficient for a maiden resource estimate, which AndeanGold plans to commission upon completion, and subject to the results, of the current drill program. A Longitudinal Section of the current drilling at Urumalqui Vein may be found at the Company's website www.gitennes.com/projects/urumalqui.

AndeanGold has in place a QA/QC program that includes chain of custody of samples; standards and blanks. Analyses and assays are performed by Inspectorate Lab in Lima, Peru; with a check assay program that includes sending a proportion of the sample pulps to a second independent laboratory.

In February 2010 Gitennes signed an option agreement with AndeanGold Ltd. whereby the Company granted it the right to earn a 60% interest in the Urumalqui project. In order to earn its interest AndeanGold must spend $3,000,000 in qualifying exploration expenditures on the project over a four-year term, which shall include a minimum of 3,000 metres of drilling by the end of the second year and 7,000 metres of cumulative drilling by the end of the third year. Andean must also issue 80,000 shares to the Company in four tranches of 20,000 shares each. Except for the first trance Gitennes may elect to receive cash in lieu of shares, with the amount not to exceed $25,000, $50,000 and $100,000 with respect to the first, second and third year anniversary date payments, respectively. If the market value of the shares on the respective payment dates exceeds the maximum cash payment amount on such date, the difference will be paid in equivalent shares.

A technical report on the Urumalqui Project, dated March 30, 2009 is available under the Company's disclosure filings at www.sedar.com. Information about Urumalqui and Gitennes' other projects may be found by visiting www.gitennes.com.

The technical information in this release has been reviewed by J. Blackwell (P.Geo.), a Qualified Person as defined by National Instrument 43-101.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

DISCLAIMER: This news release includes certain statements, other than historical information, that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including, without limitation, statements regarding future plans and objectives of the companies are forward-looking statements that involve various risks and uncertainties. Although Gitennes believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, and other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Mineral exploration and development of mines is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. Historical information necessarily is not current and is provided for your reference only. No warranty whatsoever is made that any of the historical information is accurate, precise, or up-to-date. For more information on Gitennes and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

For further information:

Market Smart Communications Inc.
877 261 4414

Astral Mining Corporation

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CODE : AA.V
ISIN : CA0463494033
CUSIP : 046349 40 3
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Astral Mining est une société d’exploration minière d'argent et d'or basée au Canada.

Astral Mining détient divers projets d'exploration au Canada et au Mexique.

Ses principaux projets en exploration sont JUMPING JOSEPHINE, HONEYMOON BC et BARRIERE RIDGE au Canada et LOS CRESTONES PROPERTY au Mexique.

Astral Mining est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 769 500 CA$ (584 949 US$, 523 939 €).

La valeur de son action a atteint son plus haut niveau récent le 13 juillet 2007 à 8,70 CA$, et son plus bas niveau récent le 21 septembre 2015 à 0,02 CA$.

Astral Mining possède 25 650 000 actions en circulation.

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