Getchell Gold Corp. Provides an Update on the Exploration Programs Proceeding at the Star Point Copper-Silver-Gold and Fondaway Canyon Gold Projects, Nevada
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Getchell Gold Corp. Provides an Update on the Exploration Programs Proceeding
at the Star Point Copper-Silver-Gold and Fondaway Canyon Gold Projects, Nevada
Toronto, Ontario – October 14, 2020 – Getchell Gold Corp. (CSE: G T C H ) ( O T C Q B : G G L D F )
("Getchell" or the "Company") a leading Nevada focused Gold and Copper exploration company
wishes to announce that the Induc ed Polarization (“IP”) geophys ical survey at the Star Point
Copper-Gold-Silver Project in Pershing County, Nevada, has been completed ahead of schedule.
The IP survey was conducted over two high grade occurrences; at the historical Star Point copper
mine and at the copper-gold-silver Star South artisanal mining site, for the purpose of refining
previously identified geophysical anomalies for drill targeting.
Key Highlights
Star Point Cu-Au-Ag Project
x High grade mineralization observed at surface at Star Point and Star South;
x Historic Star Point Copper Mine returned samples grading 4.25, 3.00 and 2.35% Cu*;
x Star South artisanal mining dumps returned high proportion of well mineralized samples with
one sample grading 2.45% Cu, 9.26 g/t Au and 310.0 g/t Ag*;
x Previous geophysical surveys identified sizeable anomalies underlying surface showings; and
x Multiple line IP survey with objective to refine drill targets at Star Point and Star South has
recently completed.
Fondaway Canyon Gold Project
x Four of six drill holes have been completed on the 2,000m drill program at the Company’s
advanced stage Fondaway Canyon Gold project.
“There are indications of a significant mineralizing system und erlying the Star Point project and
the potential of this early stage project highly complements th e Company’s advanced stage
Fondaway Canyon gold project situated just to the south.” state s Mike Sieb, President, Getchell
Gold.
Star Point Project
The Star Point Copper-Gold-Silver property (“Star Project”) is situated in Pershing County,
Nevada, approximately 65 kilometres to the North of the Company’s flagship Fondaway Canyon
advanced stage exploration gold project where a 2,000m drill program is currently in progress.
The Star Project comprises two main mineralized occurrences, the formerly producing Star Point
copper mine and the Star South Cu-Au-Ag prospect situated 2 kilometres south (Figure 2).
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Star Point Cu Mine
The Star Point Cu Mine is the site of a historic, near surface, high-grade copper oxide (tenorite)
mine that operated from the late 1940s through the mid-1950s. The ore produced was shipped
to a smelter in Utah for processing, but there is no record of shipped tonnage or grade.
T h e h i s t o r i c a l d e v e l o p m e n t i s f o c u s e d o n a 3 0 0 x 3 0 0 m a r e a a t the southern edge of a N-S
trending promontory. The surface area is covered with various pits, portals, shafts, open cuts,
and associated dumps. The underground development consists of several short shafts, winzes
and tunnels of varying length leading to a series of stopes and drifts.
The high-grade copper mineralization is associated with quartz veins hosted within shear zones,
and the dumps contain numerous strongly mineralized specimens of malachite and azurite.
A surface sampling program was initiated in 2011, with the samples* primarily sourced from the
dumps and to a lesser extent from outcrop. Of the 79 grab samples collected, 13 samples grade
>0.5% Cu that include 9 samples grading >1% Cu. The higher-gra de copper samples are
associated with the main workings, with the highest reporting grades of 4.25, 3.00 and 2.35% Cu.
In 2018, a comprehensive magnetic geophysical survey and a limi ted, one-line, induced
polarization (“IP”) survey was conducted over the Star Point ar ea. The geophysical surveys
showed that the surface mineralized expression at Star Point is underlain by coincident magnetic
high, chargeability high and resistivity low anomalies that are interpreted as potential copper
sulfide mineralization, possibly intrusion related, and signifies a compelling drill target.
Star South Cu-Au-Ag Prospect
The Star South Prospect is located 2 kms south of the Star Point Mine and is comprised of a series
of pits, artisanal adits and associated dumps within a 300m x 150m east-west trending area. The
adits appear to follow high-grade copper-gold-silver mineraliza tion hosted within quartz veins
that are associated with shears trending in several different orientations.
As part of the 2011 sampling camp aign 89 samples* were collecte d with the vast majority
sourced from the dumps in the area. As with Star Point, malachi te and azurite mineralization is
abundant (Figure 1) and indicative of a high copper content, ho wever Star South is additionally
rich in gold and silver (Table 1).
A significant portion of the samples collected reported impress ive grades of copper, gold and
silver in combination. Of the 89 samples collected, 40 samples grade >1% Cu, 21 samples grade
>1 g/t Au with 3 reporting >5 g/t Au, and 20 samples grade >30 g/t Ag with 5 reporting >100 g/t
Ag.
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Table 1: Star South notable sampling results sorted by metal weighting:
Sample ID Cu (%) Au (g/t) Ag (g/t)
SP-122 2.45 9.26 310.0
SP-111 4.21 3.44 311.0
SP-088 0.30 9.48 32.3
SP-124 0.81 6.85 193.0
SP-066 3.02 4.08 147.0
SP-105 7.25 0.06 12.6
SP-085 1.97 3.43 151.0
SP-079 0.86 3.40 86.0
SP-086 3.25 1.18 52.0
SP-067 3.78 0.62 43.4
SP-068 0.46 3.59 62.9
SP-075 2.48 1.70 38.7
SP-069 2.41 1.71 43.4
SP-108 4.27 0.08 10.0
I n 2 0 1 8 , a c o m p r e h e n s i v e m a g n e t i c g e o p h y s i c a l s u r v e y a n d a l i m ited, one-line, IP survey was
conducted over the Star South area. The 2018 IP survey reporte d the presence of a strong
conductor coincident with a NE-SW trending magnetic low. The g eophysical signature is
interpreted as a potentially mineralized structure along the th rust fault boundary with the high
grade historic artisanal workings representing the mineralized expression at surface.
2020 IP Survey at Star Point and Star South
The field component of the 2020 IP survey at both the Star Point and Star South target areas has
been completed with a total of 22.5 kms along five lines surveyed. The processing, interpretation
and reporting is anticipated to take 2-3 weeks to complete. Th e objective is to refine the
geophysical anomalies previously identified at both Star Point and Star South in preparation for
a drill program planned for the first half of 2021.
Fondaway Canyon Drill Program Update
The 2,000 metre drill program at Fondaway Canyon as announced o n September 8, 2020, is
proceeding with four of the planned 6 holes completed. Drill c ore samples from the first two
holes are in the analytical lab for cutting and assaying. The Company anticipates receiving the
first set of results in 4 to 5 weeks. Additional core shipment s are scheduled weekly through the
conclusion of the drill program, which is expected to be completed by the end of October.
* The rock grab samples were collected during two separate sampling campaigns in 2011 by the
current operator. The vast major ity of the samples collected w ere sourced from the various
mine-waste dumps populating the property and represent material s extracted from the
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adjacent workings. Of note, rock grab samples are by definitio n selective and not intended to
provide nor should be construed as a representative indication of grade or mineralization at the
Project. Grab samples are solely designed to show the presence or absence of mineralization,
and to characterize the mineralization. The grab samples repor ted from the Project reflect a
broad range in grade from below detection limit to the grades highlighted herein.
Samples were processed in two batches and analyzed at two certified analytical laboratory, ALS
Global (“ALS”) in Reno and American Assay Laboratories (“AAL”) in Sparks, Nevada. Rock
samples were processed similarly at both labs by drying followe d by crushing so 70% passed
through a 2mm screen. A 250g split, was then pulverized so that 85% passed through a 75μm
screen. All samples were analysed for gold by standard fire assay using a 30g aliquot. Digestion
of a 0.5g aliquot was done by Aqua Regia and finished by 39 ele ment ICP-AES/MS at AAL or 51
element ICP-AES/MS at ALS. Samples with over limit silver, cop per and lead were re-analysed
and digested in assay grade Aqua Regia and finished by ICP-AES at ALS while over limit silver
samples were re-analysed using a 30g aliquot by fire assay with a gravimetric finish at AAL.
Figure 1: Select 2011 high grade grab samples at Star South
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Figure 2: Star Point project area showing 2011 rock grab sample copper results, 2018 and 2020
IP survey lines and 2018 magnetic survey 1st vertical derivative.
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Scott Frostad, P.Geo., is the Qualified Person (as defined in N I 43-101) who reviewed and
approved the scientific and technical information in the news release.
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 it s efforts on its most advanced
stage asset, Fondaway Canyon, a past gold producer with a signi ficant in-the-ground historic
resource estimate. Complementing Getchell’s asset portfolio is Dixie Comstock, a past gold
producer with a historic resource and two earlier stage explora tion projects, Star Point and Hot
Springs Peak. Getchell has the option to acquire 100% of the Fo ndaway Canyon and Dixie
Comstock properties, Churchill County, Nevada.
The Company reiterates that its near-term strategy to advance i ts assets is not impacted by the
COVID-19 Corona virus. The Comp any continues to monitor the si tuation and is in compliance
with all government guidelines.
For further information please visit the Company’s website at www.getchellgold.com or contact
the Company at [email protected].
Mr. William Wagener, Chairman & CEO
Getchell Gold Corp.
+1 303 517 8764
The Canadian Securities Exchange has not reviewed this press re lease and does not accept responsibility
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dissemination in the United States.
Certain information contained herein constitutes “forward-looking information” under Canadian securities
legislation. Forward-looking infor mation includes, but is not l imited to, statements with respect to the
private placement and the completion thereof and the use of pro ceeds. Generally, forward-looking
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forward-looking information, there may be other factors that ca use results not to be as anticipated,
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results and future events could differ materially from those an ticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and forward looking information.
The Company will not update any forward-looking statements or f orward-looking information that are
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