Getchell Gold Corp. Provides Alteration and Mineralization Observations of Core from the May 2019 Drill Program at the Hot Springs Peak Project, NV
Getchell Gold Corp. Provides Alteration and Mineralization Observations of Core
from the May 2019 Drill Program at the Hot Springs Peak Project, NV
Toronto, Ontario (Newsfile Corp. – July 3, 2019) – Getchell Gold Corp. (CSE: GTCH) ("Getchell Gold" or
the "Company") further to its news release of June 6, 2019 is pleased to provide an update on the core
observations as they relate to the geology and mineralization at the Company’s 100% owned Hot Springs
Peak Property located in Humboldt County Nevada. The 783 meter deep core hole (HSP-C1) intersected
extreme brecciation, carbon flooding, altered intrusions, silicification, sulfidation and argillization. Hornfels
alteration will be confirmed w ith petrographic analysis. These alteration types and mineralization are
discussed in conjunction with the following set of core photos including comments on the geophysical
responses. The core hole was part of the planned Phase 2 exploration drill program to test for a Carlin
Style Gold System in the central geophysical target area. The targeted anomaly is defined by the
convergence of the magnetic low, chargeability high and resistivity high intersections in conjunction with
the surface hornfels along the mine shaft trend containing the gold- arsenic mineralization and represents
a follow up to the Phase 1 four -hole program that was completed last F all (results detailed in a Company
press release dated February 25, 2019).
Core hole HSP -C1 is an offset from h ole HSP -RC1, drilled last F all, that encountered Carlin Style
alteration with anomalous gold, ranging up to 0.155 g/t, and pathfinder elements of arsenic, mercury and
antimony in numerous intervals . HSP-RC1 was terminated prematurely at a depth of 315 meters due to
poor hole conditions which ended the dril ling at the top of the highest intensity geophysical resistivity
anomaly on the property . The following photos capture some of the alteration features that were
intersected from the top of the core hole to the bottom.
Figure 1.
To view an enhanced version of Figure 1, please visit:
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The first 265 meters of the hole w as drilled by reverse circulation (RC). The hole was cased and then
continued by core drilling to a total depth of 783 meters. The coring started at 265 meters depth and
immediately encountered a sulfidic, argillized, quartz veined felsic intrusion containing pyrite, gray sulfide
and a green alteration mineral – shown in Figure 1 above.
Figure 2.
To view an enhanced version of Figure 2, please visit:
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At 303 meters depth, the core intersected silicified breccia containing pyrite and a green alteration mineral
associated with the sulfides – shown in Figure 2 above.
Figure 3.
To view an enhanced version of Figure 3, please visit:
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Carlin Style alterations consisting of j asperoidal silicification as bedding repl acement in claystone, heavily
sulfidized with pyrite were present at 513 meters depth – shown in Figure 3 above.
Figure 4.
To view an enhanced version of Figure 4, please visit:
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At 546 meters depth, the core intersected extreme brecciation of quartz veined claystone with extreme
carbon flooding of the breccias – shown in Figure 4 above. Carbon remobilization is common in Carlin
Type Systems. Approximately 150 meters of this breccia occur in the main structural zone of the
chargeability and resistivity highs.
Figure 5.
To view an enhanced version of Figure 5, please visit:
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At 658 meters depth, intrusive contact with the quartz, carbon breccias were intersected – shown above.
The intrusion contains the same pyrite, gray sulfide and green alteration mineral as previously intersected
and was the third felsic intrusion intersected by the core hole - shown in Figure 5 above.
Figure 6.
To view an enhanced version of Figure 6, please visit
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Silicified breccias in claystone were intersected near the bottom of the hole at 777 meters which
contained quartz vein fragments and fine pyrite – shown in Figure 6 above.
Approximately 150 meters of carbon rich quartz breccias with silicification and disseminated pyrite
associated with the silicification were intersected by the deeper core drilling. Intervals of suspected
hornfels alteration surrounding the breccias exhibiting anomalous analytical results will be confirmed with
petrographic analysis . The results of the core drilling support the targeting methodology used to locate
alteration that may contain Carlin Style gold mineralization. HSP-C1 was reclaimed up to the bottom of
the casing and the casing left in the hole to preserve the option of re- entering the hole with directional
drilling if results warrant.
Assays are pending and will be reported after integration with the existing drill data and interpretation.
The technical part of this news release was written by Timothy Master, a Qualified Person (QP) for
Getchell Gold Corp. as that term is defined in NI 43- 101 and an independent technical advisor for
Getchell Gold.
For further information please visit the Company’s website at www.getchellgold.com or contact the
Company at +1 303 517 8764.
William Wagener, Chairman & CEO
+1 303 517 8764
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the
adequacy or accuracy of this news release. Not for di stribution to U.S. news wire services or dissemination in the
United States.
This news release contains certain statements that constitute forward- looking statements as they relate to
the Company and its management. Forward- looking statements are not historical facts but represent
management's current expectation of future events, and can be identified by words such as ""will",
"intent", "anticipates" and similar expressions. Although management believes that the expectations
represented in such forward- looking statements are reasonable, there can be no assurance that they will
prove to be correct.
By their nature, forward- looking statements include assumptions and are subject to inherent risks and
uncertainties that could cause actual future results, conditions, actions or events to differ materially from
those in the forward- looking statements. If and when forward- looking statements are set out in this new
release, the Company will also set out the material risk factors or assumptions used to develop the
forward-looking statements. Except as expressly required by applicable securit ies laws, the Company
assumes no obligation to update or revise any forward- looking statements. The future outcomes that
relate to forward-looking statements may be influenced by many factors, including, but not limited to: risks
of future legal proceedings; regulatory approval of the issuance of securities, and potential dilution.