Getchell Gold Announces New Geological Model Reveals Significantly Expanded Gold Zones at Fondaway Canyon, Nevada
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Getchell Gold Corp., New Geological Model Reveals Significantly Expanded Gold Zones
at Fondaway Canyon, Nevada
Toronto, Ontario – April 7, 2021 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the
"Company") a leading Nevada focused Gold and Copper exploration company is pleased to present the
results from the geological modeling of the highly successful 2020 drill program at the Company’s flagship
Fondaway Canyon Gold Project in Nevada (“Fondaway” or “Project”).
Key Highlights
• The new geological model has significantly expanded the previously modelled extents of the gold
mineralization;
• Thick zones of gold mineralization are projected 800m down dip from surface;
• The gold zones remain open laterally and down-dip;
• The Phase One 2021 drill program, commencing in May, will be designed to further delineate and
quantify the near surface gold inventory; and
• New video showing the 3D mineralization model is available for viewing on the Company’s website.
“Not only has the 2020 drill program provided a dramatic expansion to the known gold zones at Fondaway
Canyon, but the close fit of the results to our geological model greatly adds to the confidence and potential
of the gold mineralizing system at Fondaway Canyon.” stated Mike Sieb, President, Getchell Gold Corp.
Fondaway Canyon Gold Project
Fondaway is an advanced stage gold property with a large historic resource loca ted in Churchill County,
Nevada comprising 171 unpatented lode claims totaling 1,186 hectares (2,932 acres). Gold was first
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 mineralized corridor ( Figure 1) totaling 735
reverse circulation and core drill holes, small -scale open pit mining of the oxidized zo ne at surface, and
underground development limited to exploration and bulk sampling.
The historic resource estimate*, comprised of Indicated resources of 409,000 oz. Au contained in
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.
Figure 2 shows a 3D model of the historic drilling by past operators, the individual gold intercepts on the
drill traces and the modelled gold domain based on drill intervals grading >1g/t Au **. The 2016 gold
mineralization model shows:
i) Gold mineralization is evident at surface on the Paperweight and Half Moon shear veins, and at the
historic Colorado Pit; and
ii) The vertical projection of the mineralization below surface is limited to the areas of denser drilling.
** The modelled gold domain highlights ar eas where gold intervals 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 work to classify a current min eral
resource estimate at Fondaway Canyon.
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Figure 1: Fondaway Canyon Plan Map showing gold mineralized corridor.
Figure 2: Fondaway Canyon 3D Drill Model Showing 2016 Gold Domain**
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2020 Drill Results - Central Area
The 2020 drill program at Fondaway Canyon consisted of 6 holes drilled for a total 1,996 metres (6,550
feet) and was completed in November. Five of the six drill holes were collared within the Central Target
Area, a 1,000 x 700 metre highly mineralized NE-SW extensional zone within the central portion of the 3.5
km long E-W trending Fondaway Canyon gold mineralized corridor. The Central Target Area is a nexus for
the gold mineralizing system observed at the Project with five drill holes focusing on two NE-SW oriented
sections (the Colorado – Pack Rat and the Half Moon – South Pit sections) (Figure 3).
The drill program in the Central Target Area was designed to address two primary objectives:
1.) Extend the known mineralization; and
2.) Characterize the known mineralization to assist with geological and resource modelling.
Figure 3: Fondaway Canyon Central Area Plan Map showing 2020 drill hole locations and gold intercepts.
The 2020 drill program was highly successful revealing the presence of a thick zone of mineralization and
continuity projected down-dip from surface on both sections drilled (for further details refer to Company
news releases dated January 27 and February 10, 2021). Table 1 and 2 presents a summary of the notable
gold intervals from holes FCG20-02 to FCG20-06 and Figure 4 displays the drill results as a 3D model.
Highly noteworthy in Figure 4 is the dramatic increase in the projection of the gold mineralized zones,
compared to the 2016 model, supported by the geological interpretation of the 2020 drill results. The
thick zones of gold mineralization are shown to extend down from surface and then dip s hallowly to the
southwest. The down dip trace of the mineralization, on both sections drilled, is a considerable 800
metres in length . The Colorado SW Extension Zone and the North Fork Gold Zone are on the same
stratigraphic plane and remain open laterally and at depth.
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The Central Area exhibits significant potential to continue delineating and expanding the sizable body of
mineralization demonstrated by the 2020 drill program. This will be a primary objective for the
forthcoming Phase One drill program commencing in May.
Figure 4: Fondaway Canyon 3D Model Showing 2020 Drill Results and 2021 Gold Domain**
The Company has produced a new video showing the historic 3D mineralization model in comparison to
the current significantly expanded geological-mineralization model. The video is now available for
viewing on the Company’s website: https://getchellgold.com/investors/videos/
Colorado - Pack Rat Section Results
Drill holes FCG20-02 and 03 were both collared from the historic Colorado Pit and successfully extended
the known gold mineralization towards the southwest (Figure 5).
Hole FCG20 -02, drilled to the southwest along a plane connec ting the Colorado Pit to Pack Rat zone,
encountered a wide mineralized structural zone between a drill depth of 150 and 300 metres . The
mineralization was encountered where predicted by the geological model and down -dip from the
Colorado Zone. Within the breadth of the mineralization encountered, two gold zones are highlighted.
i) 1.9 g/t Au over 43.5 metres including 4.2 g/t Au over 14.9 metres; and
ii) 1.1 g/t Au over 12.3 metres.
Hole FCG20-03, drilled to the south as a step out from FCG20-02, encountered the mineralized structural
zone between 150 and 290 metres downhole, approximately 1 20 metres ESE of the FCG20 -02 main
structural zone intercepts. The primary gold intercepts are highlighted:
i) 4.3 g/t Au over 21.1 metres including 8.7 g/t Au over 9.4m and including 14.6 g/t Au over 3.4m; and
ii) 2.0 g/t Au over 49.0m (188.3 to 237.3m).
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Figure 5: Fondaway Canyon 3D Gold Domain Model - Colorado to Pack Rat (NE-SW) Section, 150m wide slice
The broad Colorado structural zon e that hosts the gold mineralization encountered in FCG20-02 and
FCG20-03 has a true thickness of approximately 100 metres, dips shallowly to the SW and is comprised of
strongly sheared, brecciated and bleached sedimentary rocks.
Hole FCG20-02 intersected a significant new structural zone of high -grade gold mineralization higher up
in the hole than expected. 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 (1.7 m 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.
Drill holes FCG20-05 and 06, were collared on the same pad near the canyon floor and drilled to the
northeast along a plane connecting the Colorado Pit to Pack Rat zone and on plane with hole FCG20 -02.
Holes FCG20-05 and 06 were designed to test the down-dip extension of the mineralization observed at
surface at the historic Colorado Pit and the mineralization encountered in holes FGC20-02 and 03.
Both holes, FCG20-05 and 06, encountered broad 100-metre-thick zones of gold mineralization within the
Colorado SW Extension Gold Target Zone. FCG20-05 encountered the Colorado SW Extension Gold Zone
between 175 and 270 metres down hole while FCG20 -06 encountered the zone between 165 and 285
metres downhole. The following notable gold intercepts are highlighted:
FGC20-05
i) 1.8 g/t Au over 90.0 m including 3.0 g/t Au over 45.3 m and including 4.4 g/t Au over 11.1m
ii) 6.3 g/t Au over 3.3 m; and
iii) 0.6 g/t Au over 28.0 m.
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FGC20-06
i) 1.5 g/t Au over 37.7 m including 2.1 g/t Au over 19.2 m; and
ii) 1.1 g/t Au over 38.3 m including 2.5 g/t Au over 10.6 m.
The strongly mineralized interval encountered in FCG20 -05 represents a 150-200m step out to the
southwest from the mineralization intersected in hole FC20-02 and is open laterally and down-dip.
Of note is hole FC17-01, a hole drilled in 2017 by a previous operator and shown in Figure 4 and Figure 5.
Hole FC17-01 encountered a significant intercept of gold mineralization at the bottom of the hole, is 250
metres distant from hole FCG20 -05, and is within and on plunge with the projection of the down -dip
extension of the Colorado SW Extension Gold Zone indicating a significant potential further extension to
the Colorado SW Extension Gold Zone.
New North Fork Zone and Half Moon Shear Vein Drill Results
Drill hole FCG20-04 was collared north of where the Half Moon Vein is exposed on surface and drilled to
the southwest. FCG20-04 was designed to (i) pierce the Half Moon vein to characterize the mineralization;
and (ii) extend the gold mineralization intersected in hole FC17-04, drilled in 2017 by a previous operator,
down-dip to the southwest (Figure 6).
Figure 6: Fondaway Canyon 3D Gold Domain Model – Half Moon to North Fork Gold Zone (NE -SW) Section,
150m slice
Hole FCG20-04 encountered the high-grade Half Moon Shear Vein 108.1m down hole and 54m vertically
below surface. In addition, two notable gold intercepts were encountered further down the hole that are
interpreted to be splays of the main Half Moon Gold Shear Vein. The three Half Moon Shear Vein related
gold intercepts are highlighted below.
i) 8.6 g/t Au over 9.8 metres (main Half Moon Shear Vein);
ii) 2.7 g/t Au over 20.5 metres; and
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iii) 6.3 g/t Au over 3.3 metres.
In addition, h ole FCG20 -04 encountered a broad 144 metre intercept of gold mineralization , newly
identified as the North Fork Gold Zone, extending 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. Within the North Fork broad zone of mineralization, the following notable gold intercepts are
highlighted:
i) 2.5 g/t Au over 58.0 m including 3.5 g/t Au over 36.1 m;
ii) 2.8 g/t Au over 13.4 m; and
iii) the last sample grades 7.9 g/t Au over 1.0 m.
The newly identified North Fork Gold Zone is geologically modelled as a 100m thick shallowly dipping to
the southwest zone of gold mineralization and the results observed in FCG20 -04 support this model. In
addition, the North Fork Gold Zone represents a 200m step out to the southwest from hole FC17-04 and
is open laterally and down -dip. As can be observed in the plan map of the area ( Figure 3), there are no
adjacent holes that have targeted the North Fork Gold Zone’s depth horizon.
Of note is hole FC17 -05, a hole drilled in 2017 by a previous operator and shown in Figure 4 and Figure
6Figure 1. Hole FC17-05 encountered a significant intercept of gold mineralization at the bottom of the
hole, is 300 metres distant from the end of hole FCG20-04, and is within and on plunge with the projected
window of the down-dip extension of the North Fork gold zone indicating a significant further potential
extension to the North Fork Gold Zone.
Table 1: Colorado SW Extension Zone – Gold Grade Interval Highlights
Colorado SW Zone
Drill Hole From
(m)
To
(m)
Interval
(m)
Au
(g/t) Drill Hole From
(m)
To
(m)
Interval
(m)
Au
(g/t)
FCG20-002 41.0 49.5 8.5 2.5 FCG20-005 62.5 66.5 4.0 2.1
FCG20-002 106.1 128.0 21.9 6.2 FCG20-005 119.0 147.0 28.0 0.6
including 116.0 128.0 12.0 9.6 FCG20-005 165.7 169.0 3.3 6.3
including 120.5 123.7 3.2 20.4 FCG20-005 177.5 267.5 90.0 1.8
FCG20-002 181.0 224.5 43.5 1.9 including 222.2 267.5 45.3 3.0
including 192.1 207.0 14.9 4.2 including 241.4 252.5 11.1 4.4
FCG20-002 265.6 277.9 12.3 1.1
FCG20-003 2.7 19.8 17.1 1.5 FCG20-006 63.2 76.4 13.2 0.7
FCG20-003 39.0 42.0 3.0 5.4 FCG20-006 168.0 205.7 37.7 1.5
FCG20-003 148.7 169.8 21.1 4.3 including 181.0 200.2 19.2 2.1
including 159.6 169.0 9.4 8.7 FCG20-006 243.5 281.8 38.3 1.1
including 163.4 166.8 3.4 14.6 including 245.0 255.6 10.6 2.5
FCG20-003 188.3 237.3 49.0 2.0
including 205.1 218.0 12.9 3.6
including 224.9 231.9 7.0 3.4
FCG20-003 262.3 264.5 2.2 4.4
FCG20-003 277.1 282.0 4.9 1.2
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Table 2: Half Moon and North Fork Gold Zones – Gold Grade Interval Highlights
Table 3: Fondaway Canyon 2020 Drill Locations and Orientation (UTM metres - NAD83 Z11N)
Scott Frostad, P.Geo., is the Qualified Person (as defined in NI 43 -101) who reviewed and approved the
content and scientific and technical information in the news release.
The 2020 drill core was cut at Bureau Veritas Laboratories’ (“BVL”) facilities in Spark s, Nevada, with the
samples analyzed for gold and multi -element analysis in BVL’s Sparks, 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) with over limi ts re-analyzed using 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.
Half Moon and North Fork Zone
Drill Hole From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Half Moon Shear Vein and Splays
FCG20-004 108.1 117.9 9.8 8.6
FCG20-004 128.5 149.0 20.5 2.7
FCG20-004 165.7 169.0 3.3 6.3
Intermediate Zone
FCG20-004 209.0 224.8 15.8 0.7
FCG20-004 233.0 248.6 15.6 3.2
including 233.0 241.5 8.5 5.5
FCG20-004 286.0 289.9 3.9 1.3
North Fork
FCG20-004 356.0 369.5 13.5 1.3
FCG20-004 383.0 441.0 58.0 2.5
including 384.8 420.9 36.1 3.5
including 414.6 419.8 5.2 10.3
FCG20-004 478.5 493.0 14.5 2.6
Hole ID Northing Easting Elev. Azimuth Dip Depth
FCG20-001 4406172 394667 1322 13° -67° 253.5
FCG20-002 4406680 396913 1585 240° -66° 353.9
FCG20-003 4406680 396913 1585 185° -68° 295.0
FCG20-004 4406528 397175 1603 215° -54° 499.0
FCG20-005 4406495 396655 1482 56° -73° 289.0
FCG20-006 4406495 396655 1482 56° -57° 305.4