Getchell Gold Corp. Commences 2021 Drill Program at Fondaway Canyon, Nevada
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Getchell Gold Corp. Commences 2021 Drill Program at Fondaway Canyon, Nevada
Toronto, Ontario – June 01, 2021 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the
"Company") a leading Nevada focused Gold and Copper exploration company is pleased to announce the
commencement of the 4,000 metre Phase One 2021 drill program on the Central Area of the Fondaway
Canyon Gold Project in Nevada (“Fondaway” or “Project”).
Key Highlights
x The 4,000 metre Phase One 2021 drill program at Fondaway Canyon has commenced;
x The objective is to conduct infill and step-out drilling to fur ther delineate and expand on the
mineralization discovered during the highly successful 2020 drill program;
x Initially the drill plan will target the newly named “Juniper” high-grade structural gold zone,
shallowly located down-dip of the Colorado Pit, reporting a 21. 9 metre interval grading 6.2 g/t Au
from last year’s hole FCG20-02. The Juniper gold zone was prev iously intersected by hole TF-114,
drilled in 1989, that reported one of the highest gold grade-thickness intervals in the history of the
Fondaway Canyon Gold Project, returning 17.6 g/t Au over 15.2 metres†;
x The Central Area drill plan will also target the two >100m thick zones of mineralization, the Colorado
SW Extension and the North Fork Zone, that were both newly iden tified in 2020 and remain open
laterally and to depth.
“The stellar results from the 2020 drill program blew the potential of the Fondaway Canyon Gold Project
wide open” stated Mike Sieb, President, Getchell Gold Corp. “Th e revised geological interpretation
represents more than a doubling in the projected down-dip exten t of the gold mineralization from
previous geological models and has provided ample target areas for the 2021 drill program to further
delineate and expand upon our recent discoveries.”
Fondaway Canyon 2020 Drill Program
The 2021 Phase One drill program will follow-up on the highly successful 2020 drill program that consisted
of 6 holes drilled for a total 1,996 metres (6,550 feet).
Five of the six drill holes were collared within the Central Ta r g e t A r e a , a 1 , 0 0 0 x 7 0 0 m e t r e h i g h l y
mineralized NE-SW extensional zone within the central portion of the 3.5 km long E-W trending Fondaway
Canyon gold mineralized corridor (Figures 1 and 2).
The holes drilled in the Central Area reveal the presence of a thick zone of gold mineralization projected
d o w n - d i p f r o m s u r f a c e o n t w o N E - S W s e c t i o n s d r i l l e d 3 0 0 m e t r e s apart (for further details refer to
Company news release dated April 7, 2021). The down dip trace of the mineralization for both sections
drilled is now projected as being over 800 metres in length, more than twice the distance thought to exist
based on previous geological models.
On the Colorado Pit to Pack Rat drill section, three 2020 drill holes intersected the newly identified
Colorado SW Extension Zone while on the Half Moon section, one hole discovered the North Fork Gold
Zone (Figure 3). Both mineralized zones are situated on the sa me stratigraphic plane and remain open
laterally and at depth.
In addition, one hole (FCG20-02) on the Colorado Pit to Pack Rat section intersected a new structural zone
of high-grade gold mineralization, the newly named Juniper High-Grade Gold Zone, less than 100 metres
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below surface. Of 17 consecutive samples extending 21.9 metres down hole, only one sample assayed
less than 1 g/t Au with the highest sample grading 25.5 g/t Au (1.7m sample). The mineralized interval
graded 6.2 g/t Au over 21.9 metres including 9.6 g/t Au over 12 .0 metres and including 20.4 g/t Au over
3.2 metres† (not true thickness; see QP note below).
Figure 1: Fondaway Canyon Plan Map showing gold mineralized corridor.
Figure 2: Fondaway Canyon Central Area Plan Map showing 2020 drill hole locations and gold intercepts.
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Figure 3: Fondaway Canyon 3D Model Showing 2020 Drill Results and 2021 Gold Domain*
* The modelled gold domain highlights areas where gold interval s have been geologically linked and
projected. The modelled gold domain is solely for exploration planning purposes and does not indicate
a mineral resource. A qualified person has not done sufficient w o r k t o c l a s s i f y a c u r r e n t m i n e r a l
resource estimate at Fondaway Canyon.
Fondaway Canyon 2021 Drill Program
The 2020 drill program in the Central Area represents sizable step outs from the historical drilling and has
produced a revised geo-mineralization model that has extrapolat ed the continuity of the gold
mineralization over extensive distances.
The objective of the Phase One 2021 drill program will be twofold:
1.) To conduct sufficient infill dril ling to increase the confidenc e in the geo-mineralization model to
support a revised mineral resource estimate; and
2.) To continue stepping out from the known gold intercepts to expand the geo-mineralization model.
Colorado to Pack Rat Section
The first series of holes will be drilled from the Colorado Pit and target the Juniper High-Grade Gold Zone
(Figure 4). The Juniper Zone is interpreted as striking to the NW and dipping fairly vertical. In addition to
FCG20-02’s gold intercept, a number of historic drill hole gold intercepts (Table 1) reside within the strike
plane and potentially form part of the Juniper mineralized structural zone.
One noteworthy drill hole, TF-114, drilled in 1989 reported one of the highest gold grade-thickness
intervals in the history of the Fondaway Canyon Gold Project. TF-114 returned 17.6 g/t Au over 15.2
metres included within a larger 44.2 metre interval grading 8.1 g/t Au. Figures 5 and 6 show the Juniper
Zone as interpreted on section (on strike) and long section (perpendicular to the strike plane) respectively.
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Figure 4: Fondaway Canyon 3D Gold Domain Model - Colorado to Pack Rat (NE-SW) Section, 150m wide slice
Table 1: Gold Intervals Interpreted to Form Part of the High-Grade Juniper Structural Gold Zone
Drill Hole Gold
(g/t)
Interval
(m)
Depth
From (m)
Depth
To (m)
Interval
(ft)
Depth
From (ft)
Depth
To (ft)
T-25 3.2 10.4 231.0 241.4 34.0 758.0 792.0
TF-114 8.1 44.2 176.8 221.0 145.0 580.0 725.0
Including 17.6 15.2 199.6 214.9 50.0 655.0 705.0
TF-134 3.3 12.2 114.3 126.5 40.0 375.0 415.0
5.5 6.1 138.7 144.8 20.0 455.0 475.0
TF209 1.5 70.1 173.7 243.8 230.0 570.0 800.0
Including 2.4 15.2 217.9 233.2 50.0 715.0 765.0
FC17-02 1.8 62.9 253.1 316.1 206.5 830.5 1037.0
FCG20-02 6.2 21.9 106.1 128.0 71.9 348.1 419.9
Including 9.6 12.0 116.0 128.0 39.4 380.6 419.9
Including 20.4 3.2 120.5 123.7 10.5 395.3 405.8
FCG20-03 4.3 21.1 148.7 169.8 69.2 487.9 557.1
Including 8.7 9.4 159.6 169.0 30.8 523.6 554.5
Including 14.6 3.4 163.4 166.8 11.2 536.1 547.2
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Figure 5: Juniper High-Grade Gold Structural Zone on Section
A series of short holes will be drilled to develop the Juniper High-Grade Structural Zone along strike, and
up and down dip.
In addition, a select number of these short holes will be exten ded deeper to step out on FCG20-02 and
FCG20-03’s lower gold interval to further delineate the Colorado SW Extension Zone (Figure 4).
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Figure 6: Juniper High-Grade Gold Structural Zone in Long Section
During the 2021 Phase One drill program the drill will be mobil ized to the canyon floor so the Colorado
SW Extension Zone can be further delineated in the vicinity of FCG20-05, FCG20-06, and HFC-02 (Fig. 4).
North Fork Gold Zone on Half Moon Section
Drill hole FCG20-04 was collared north of where the Half Moon Vein is exposed on surface and drilled to
the southwest. FCG20-04 encountered the high-grade Half Moon Shear Vein 108.1m down hole and 54m
vertically below surface. In addition, hole FCG20-04 encounter ed a broad 144 metre intercept of gold
mineralization, newly identified as the North Fork Gold Zone, e xtending to the bottom of the hole with
the final sample of hole FCG20-04 returning 7.9 g/t Au over 1.0 m indicating the lower extent of the North
Fork Gold Zone was not reached (Figure 7).
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Figure 7: Fondaway Canyon 3D Gold Domain Model – Half Moon to North Fork Gold Zone (NE-SW)
Section, 150m thick slice.
The 2021 Phase One Drill Program will include a series of holes to further delineate the North Fork Gold
Zone down dip of FC17-04’s gold mineralized interval and latera lly around the broad gold mineralized
interval intersected in FCG20-04.
Pediment Target Area
The Pediment Area is currently scheduled to be tested by one ho le during the Phase One 2021 drill
program. Further details on the Pediment target will be provided prior to the drill moving to the area.
Fondaway Canyon Gold Project
Fondaway is an advanced stage gold property with a large histor ic resource located in Churchill County,
Nevada comprising 171 unpatented lode claims totaling 1,186 hec t a r e s ( 2 , 9 3 2 a c r e s ) . G o l d w a s f i r s t
discovered in Fondaway Canyon in 1977 and over the intervening 40+ years has been the subject of
multiple exploration campaigns along a 3.5km E-W gold mineraliz ed corridor ( Figure 1 ) totaling 735
reverse circulation and core drill holes, small-scale open pit mining of the oxidized zone at surface, and
underground development limited to exploration and bulk sampling.
The historic resource estimate**, comprised of Indicated resour c e s o f 4 0 9 , 0 0 0 o z . A u c o n t a i n e d i n
2,050,000 tonnes grading 6.18 g/t and Inferred resources of 660,000 oz. Au contained in 3,200,000 tonnes
grading 6.4 g/t, is predominately localized on the Paperweight, Half Moon, and Colorado gold zones within
the Central Area of the Project.
Scott Frostad, P.Geo., is the Qualified Person (as defined in N I 43-101) who reviewed and approved the
content and scientific and technical information in the news release.
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† The true thickness of the gold intervals disclosed herein are not yet known, further work will be required
to determine the true thickness.
The 2020 drill core was cut at Bureau Veritas Laboratories’ (“B VL”) facilities in Sparks, Nevada, with the
samples analyzed for gold and mu lti-element analysis in BVL’s S parks, Nevada and Vancouver, BC
laboratories respectively. Gold values were produced by fire assay with an Atomic Absorption finish on a
30-gram sample (BV code FA430) wi th over limits re-analyzed usi ng method FA530 (30g Fire Assay with
gravimetric finish). The multi-element analysis was performed by ICP-MS following aqua regia digestion
on a 30g sample (BV code AQ250). Quality control measures in the field included the systematic insertion
of standards and blanks.
The samples from the historic drill holes were analyzed by various laboratories including Shasta Analytical
Geochemistry Laboratory (Redding, CA), Cone Geochemical (Denver , CO), Geochemical Services (Reno,
NV), and G.D. Resources Inc. (Sparks, NV). Gold values were pr oduced by fire assay with an Atomic
Absorption finish and copies of the original assay sheets are available. The laboratories employed a QAQC
protocol that included periodic duplicate analyses of core pulps. Although some of the labs are no longer
in business, all of the labs were certified and known in the industry for professional procedures and quality
results. A qualified person from Getchell has verified that the historic drill sample results disclosed have
been accurately transcribed from the original source and are appropriate to be used.
**Fondaway Canyon Historic Resource Estimate
The historic resource estimate was completed by Techbase Intern ational Ltd of Reno, Nevada, and it is
contained within a NI 43-101 report dated April 3, 2017 that was commissioned by Canarc Resource Corp
of Vancouver, B.C., Canada. The resource estimate was compiled only from drill holes that could be
validated (591 holes @ 49,086 m), a sufficient amount to deem t he historic resource as reliable. Using
Techbase software, a method of polygons was used along each mineralized shear vein. With a minimum
0 . 1 0 o p t ( 3 . 4 3 g / t ) A u a n d 6 f e e t ( 1 . 8 m ) h o r i z o n t a l v e i n w i d t h used as cut-off parameters, twelve
mineralized shear veins had sufficient composited intercepts wi thin the sulfide mineralization for the
estimate. No capping or cutting of grades was applied. The historical resource estimate used classifications
in accordance with NI 43-101 standards, namely, “indicated” and “inferred”. A review and/or re-
calculation of the historic resource is required by an independ ent Qualified Person to confirm these as
current resources as defined by NI 43-101. A qualified person has not done sufficient work to classify the
historical estimate as current mineral resources; and the issue r is not treating the historical estimate as
current mineral resources.
Options
The Company announces that it has awarded incentive stock options pursuant to its stock option plan, to
various directors, officers, and consultants of the Company, to purchase up to an aggregate of 695,000
common shares of the Company. The stock options are exercisable at a price of $0.59 per share and expire
five years from the date of grant.
About Getchell Gold Corp.
The Company is a Nevada focused gold and copper exploration com pany trading on the CSE: GTCH and
OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway