Drill Program Complete at Hot Springs Peak
Getchell Gold Corp. Completes the First Round of Drilling at the Hot Springs Peak Project and Reports
on the Geology
Burlington, Ontario--(Newsfile Corp. – December 12, 2018) - Getchell Gold Corp. (CSE: GTCH) ("Getchell
Gold" or the "Company") announces the Geological Results of the drilling at its Hot Springs Peak Project.
Additional information can be found on the Company’s website at http://getchellgold.com.
The Company is pleased to report that the targeting method being used to locate gold type alteration
systems was in management’s opinion successful. Four vertical holes totaling 1,212 meters (3,735 feet)
were drilled as an exploratory test into concealed geophysical targets using a reverse circulation
percussion drill to reach depths of approximately 274-340 meters (845 – 1045 feet). No artesian water
was encountered, and sample recovery was 100%. All holes were sampled on 5 -foot intervals and assay
results are expected to be received in late December or early January. Pathfinder elements and
gold/silver values from the assay results will be matched to the alteration t ypes found in the drill holes
for gold system recognition.
Project Map showing all the elements of the surface alteration, mineralization and geophysical
responses. The map above shows the final drilling sequence for the 4 HSP-RC holes drilled which was
changed from previous press releases for logistical reasons.
Discovery of Alteration Characteristics of a Gold Mineralizing System
Limestone host rocks were identified in drill holes HSP -RC2 and HSP -RC4. Drill-hole HSP-RC1 was so
extremely silicified in the lower 100 meters that the original host rock could not be identified. The
reverse circulation drill cuttings in the chip trays pictured below show the extent of the alteration in drill
hole HSP-RC4. T his hole contains m ost elements of a gold system alteration with approximately 150
meters of red, black, white and green jasperoidal silicification, decalcification of limestone , and
argillization. Drill cuttings do not allow the recognition of some features such as collapse breccias,
hornfels alteration and even the recognition of re -mobilized carbon, even though abundant carbon was
encountered in drill holes HSP-RC 2 and HSP-RC3. The first occurrence of intrusive altered pyritic dikes
was discovered in HSP-RC2 crosscutting the limestone in the lower part of the drill-hole.
The tops of the chargeability and resistivity highs occur at approximately 130 meters depth in drill-hole
HSP-RC4 and were used in targeting of the drill site. The reverse circulation drill cuttings in the chip trays
pictured below show a direct correlation of the high chargeability and resistivity to the massive
silicification and disseminated pyrite in the lower part of the drill-hole, with intensity increasing to the
bottom of the hole. The lower 100 meters of drill hole HSP-RC1 also contained massive silicification and
disseminated pyrite, most likely accounting for the high chargeability and resistivity in that hole . This
alteration is also destructive for magnetic minerals and likely accounts for the low magnetic intensity in
the target area . This is why management believes t he exploration targ eting method appe ars to be
guiding the drilling into the right type of alteration for a gold system and why this round of drilling has
been a success, even before the assay results are returned . The QP cautions that alteration
characteristic of gold miner alization is not a guarantee that gold mineralization in any amount will be
present, but greatly improves the probability that gold mineralization will be present or that additional
chemical pathfinders found will lead to a gold discovery.
Chip trays showing the extensive alteration in all 3 types of host rocks which are mafic volcanic
breccias at the top of drill-hole HSP-RC4, phyllite and argillite in the middle of the hole and limestone
in the lower 1/3rd of the hole. The most intense alteration occurs in the limestone continuing to the
bottom of the hole.
Drill depths were limited by water inflows and collapsing breccias in the formation. Future reverse
circulation drilling will b e done with a conventional mud system to control water inflows and s tabilize
the holes for deeper drilling. Core drilling will be phased in if mineralization is encountered and to
identify structures, collapse breccias, mineralization types and sedimentary host rocks.
The technical part of this report was written by Timot hy Master, author of the HSP Report dated June
30, 2017, a Qualified Person (QP) for Getchell Gold Corp. and technical advisor as that term is defined in
NI 43-101. Drill samples have been submitted to the lab with standards inserted into the sample stream,
conforming to NI 43 -101, 3.2 (a) to (c ) where the QP has supervised the drilling, verified the sample
recovery as being systematic with excellent recovery and the order ing of gold-silver assays and multi -
element Inductively Coupled Plasma analyses (ICP) for gold-silver grades and pathfinder element
mapping. Any gold mineralization discovered will be cross -checked for sample preparation and
analytical reproducibility with another lab. Preparation of samples was performed by ALS Minerals Labs,
the primary lab for this project and operating according to certified standards for reporting results. All
samples are being assayed by Fire-AA finish for gold and silver. ICP analyses are being completed on all
samples for pathfinder metals. Copper analyses greater than the ICP upper detection limit of 1% copper
are ro utinely assayed for copper perc ent. Readers are cautioned that individual drill sampling and
analyses represent only the interval sampled in the drill hole and are not intended to be extended out
and away from the drill hole until surrounding drill holes and geological controls confirm that
mineralization can be extended.
For further information contact:
William Wagener, CEO
+1 303 517 8764
Peter M. Clausi, President
1 416 890 1232
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 distribution 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 "believe",
"expects", "will", "intends", "plans", "proj ects", "anticipates", "estimates", "continues" 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 securities 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:
reliance on key personnel; risks of future legal proceedings; income tax matters; availability and terms of
financing; distribution of securities; effect of market interest rates on price of securities, and potential
dilution.