Cross

Cross Property – Gold

The Cross project is located in Lincoln County, Nevada on the southern extension of the Cortez (Battle Mountain – Eureka) trend and has the potential to host sediment-hosted gold deposits. The project is approximately 83 miles south of Ely, on the eastern side of the southern Schell Creek range and is accessible year round by county-maintained gravel roads.

Exploration History

At Cross gold mineralization is associated with hematite-stained and highly fractured dolomite domains within a thick limestone formation. Also present are cross-cutting bodies of siliceous breccia (“jasperoid”). Both are highly anomalous in pathfinder elements and locally well mineralized with peak values of 5 g/t gold reported. A 3,000 metre long by 100 metre wide corridor has been outlined by rock chip sampling and 24 scattered and variably-oriented reverse circulation drill holes. Drill results are highly variable with a mix of low grade to weakly mineralized intervals, the best of which are reported to be 29 metres of 287 ppb gold and 13.7 metres grading 265 ppb.

Based upon a review of the historical results at Cross it is anticipated that the property will become important in context of the successful new exploration models now being applied in eastern Nevada, and by Gitennes’ own programme of systematic exploration drilling.

Initial Property Summary

The southern Schell Creek range is underlain by lower-Paleozoic, marine, miogeosynclinal carbonate rocks which have been intruded by a number of Tertiary granodiorite stocks (and dikes) and are unconformably overlain by Tertiary volcanics. The property lies at the intersection of the well known Cortez (Battle Mountain – Eureka) trend, and the east-west trending Silver King lineament. The stratigraphic section on the project comprises a thick section of northwest-striking, southwest-dipping, Paleozoic carbonate rocks. There is a large, gravel-covered Tertiary granodiorite stock just to the east of the project, and the intrusive has a very high magnetic signature. Large, finger-like bodies of granodiorite go out from the main intrusive along a number of west-southwest-trending structures as evidenced by linear magnetic highs. The host rocks are widespread over eastern Nevada and are an important host rock for gold mineralization such as those mined at Eureka.

The Cross project was discovered and originally staked in 1992. There was no evidence of any earlier mining claims or prospecting activity. The project has been leased to other junior exploration companies, three of which completed small drilling programs that found highly anomalous gold and pathfinder element values in jasperoid, breccias, altered dikes and altered beds of calcareous siltstone.

The silicification is multi-phased with early fine-grained microcrystalline quartz crosscut by later stages of quartz veining containing comb and drusy crystallized textures with iron oxide staining and locally barite in open spaces. Late chalcedonic silica and white calcite fill open spaces in some areas. Disseminated pyrite (to 5%) occurs in the silicified rocks and there are rare oxidized stibnite crystals. This zone also shows large areas of secondary dolomite alteration which gives the outcrops a light gray color and a granular texture.

A second zone of gold mineralization is found higher in the stratigraphic section in calcareous siltstone beds. The gold occurs in stratigraphically controlled zones of decalcification, iron-oxide-staining and argillic alteration.

Exploration Plans

The technical information on the property has been obtained from disclosure documents prepared by previous project operators and have not been confirmed by Gitennes. The Company expects to explore Cross through the course of 2012 through a programme of geological mapping, advanced soil geochemical techniques and drilling.

Agreement Terms

Gitennes can earn a 100% interest in Cross subject to meeting financial obligations that include yearly lease payments starting at US $15,000 and increasing to US $30,000 per annum until the Company exercises its option to buy the property with a single payment of US $350,000. If the Option to Purchase the Property is exercised then the lease payments cease and will be replaced by advance Net Smelter Returns (“NSR”) royalty payments of US$ 50,000 per annum. The vendors will retain a 3% NSR royalty payable when the Property is placed into commercial production. A portion of the royalty (1%) may be purchased by the Company at any time for US $1,000,000.