Exploration Plans in Buena Vista Valley
Getchell Gold Corp. Reports on the Exploration Results and the First Phase Drill Plan for the North Half of the
Buena Vista Project, Pershing County, Nevada.
Burlington, Ontario--(Newsfile Corp. – January 21, 2019) - Getchell Gold Corp. (CSE: GTCH) ("Getchell Gold" or the
"Company") reports on explorations results and presents the first phase four-hole drill plan for the Buena Vista
Valley project areas (BVP). The drill plan is based on the Company’s mapping-sampling, airborne magnetic and
ground IP-Resistivity surveys conducted in 2018, earlier mapping in 2014 and a gravity survey conducted in 2011.
BVP is located in Pershing County, Nevada approximately 60 km SSW of Winnemucca (see map below). Additional
information on the Company can be found on the Company’s website at http://getchellgold.com.
The north half of the Buena Vista Project area is 7 kilometers in length and occurs on the western margin of the
Northern Nevada Rift (see graphic below). The land controlled by Getchell Gold contains three surface mineralized
project areas named Star Point, Star South and HS Canyon. The HS Canyon target is a new target identified by the
2018 airborne magnetic survey and was recently staked by Getchell Gold.
These three project areas occur along the thrust fault boundary separating upper plat e quartzite, chert and
argillite from lower plate dolomite and limestone. The thrust fault is exposed at the surface on the HS Canyon
project area and is projected to continue under gravel cover west of the Star Point and Star South project areas.
The northern project areas, Star Point and Star South, occur in upper plate quartzite and argillite with the thrust
contact concealed under shallow gravel cover as interpreted from the gravity survey results.
The northern project areas transition from copper only (Star Point) into copper-gold occurrences (Star South). The
strength of the surface mineralization in the northern two project areas is of interest from a standpoint of
targeting what management believes to be the more favorable host rocks in the lower plate carbonates. The
southernmost HS Canyon project area occurs on the thrust fault contact at the surface and contai ns gold
mineralization of up to 0.5 g/t in marble as documented by the QP for the Company in 2014.
IP-Resistivity Survey Results
Star Point
Star Point is the site of a historic, near surface, mining operation underlain by a magnetically defined intrusion.
There are no historic production records available. The IP -Resistivity survey over the intrusion returned
chargeability and resistivity highs that have been interpreted as potential copper sulfide mineralization, possibly
intrusion related. The drill test at Star Point is centered on the high-grade copper oxide (tenorite) mine shaft area
and will penetrate into a magnetically defined intrusion signature containing high chargeability and a very strong
conductor. The primary target to be tested is the supergene enrichment zone of copper and primary copper sulfide
associated with an intrusion . The sulfide target is below the surface copper oxide d eposits that were mined in
upper thrust plate quartzite, chert and phyllite. Sericite altered mafic dikes are associated with the copper oxide
mineralization at the surface. Carbonate rocks of the lower plate are not expected to be intersected at shallow
depths based on the chargeability and resistivity responses.
Chargeability high below the mine area indicating an oxide/sulfide boundary and continuation of sulfide to
depth possibly associated with copper mineralization.
Resistivity mapping of a very strong conductor starting at 350 meters depth and continuing below 1,000
meters depth. Data is not reliable below 500 meters.
Star South
The Star South Project is a historic artisanal shallow mining area that contains surface copper-gold oxide
mineralization (tenorite) along northeast trending faults and along the thrust fault boundary at the surface. The
IP-Resistivity survey returned elevated chargeability and a resistivity high indicating the presence of a strong
conductor. The central drill target on the mine area is designed to test through the thrust fault into the top of the
elevated chargeability and strong conductor , possibly altered and mineralized a rgillite and carbonates. The
western drill target is a follow-up hole to test the shallow and strong chargeability more likely to be in lower plate
carbonates, outside of the historic mine area and concealed under gravel cover.
IP Inversion Model
Resistivity Inversion Model
HS Canyon
The HS Canyon target is a new target and occurs near the eastern edge of a magnetically defined intrusion. The
IP-Resistivity survey returned a strong chargeability in the lower plate limestone at the contact with the overlying
thrust fault. Replacement of the limestone at the surface by marble is evid ent in the surface outcrop where
gradational boundaries of the marble replacement are observed. The drill target is the strong chargeability in
limestone and is planned to drill -test for sulfide content and gold mineralization. This is a “Carlin Type” gold
mineralization test that can be followed under gravel cover toward the Star South Project as indicated by the
gravity survey results.
Strong chargeability in limestone crosscutting into marble replacement containing gold at surface. Carlin Style
alteration at the surface. This target has never been drilled and is on claims recently staked which are not part
of the adjacent mining leases controlled by the Company. Gold mineralization (0.5 g/t) was discovered during
mapping.
High resistivity in marble replacement of limestone at the surface.
Management is in agreement with the QP and technical advisor for Getchell Gold that these are justified drill
targets to test in 2019. The technical part of this report was written by Timothy Mast er, 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.
The QP has inves tigated these drill target areas in the field and has verified the mineralization type, structural
controls to mineralization, the alteration types and the host rock compositions. Projections of mineralization and
structural trends controlling where mineral deposits may occur under gravel cover is subjective and conceptua l
until proven by drilling as are all geophysical responses generated by electrical methods. However, case studies
on known deposits have shown that certain geophysical responses such as mentioned above are associated with
copper-gold deposits, although the responses can also be generated by certain un-mineralized host rocks.
Assay results from the Company’s 2018 reverse circulation drill program at Hot Springs Peak have been received
and are being interpreted . A news release will be issued as soon as the interpretation and analysis has been
completed.
For further information contact:
William Wagener, CEO
+1 303 517 8764
Peter M. Clausi, President
1 416 890 1232
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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",
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assurance that they will prove to be correct.
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