Getchell Gold Corp. Drills Best Colorado SW Hole to Date with Over 200 Metre Zone of Gold Mineralization, and Intersects Juniper Zone Grading 4.7 g/t Au over 25.9 m at Fondaway Canyon, NV
CSE: GTCH
OTCQB: GGLDF
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Getchell Gold Corp. Drills Best Colorado SW Hole to Date with Over 200 Metre Zone of Gold
Mineralization, and Intersects Juniper Zone Grading 4.7 g/t Au over 25.9 m at Fondaway Canyon, NV
Toronto, Ontario – August 25, 202 1 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or
the "Company") is pleased to present the results from FCG21-08, the second dr ill hole of the 2021 drill
program at the Company’s flagship Fondaway Canyon Gold Project in Nevada (“Fondaway” or “Project”).
Key Highlights
x FCG21-08 intersected the Colorado SW Zone for over 200 metres w ith mineralized intervals that
included: 4.2 g/t Au over 27.5m , 2.8 g/t Au over 24.5m, 1.4 g/t over 30.7m and 1.3 g/t Au over
16.8m;
x The high-grade Juniper zone was also intersected by FCG21-08 re turning 4.7 g/t Au over 25.9m ,
that included 11.4 g/t Au over 5.5m, within 100 metres of the surface; The FCG21-08 Colorado SW
intercepts are greater than 40 metres distance from FCG20-02 (1 .9 g/t Au over 43.5m) and 55
metres on strike to the NW from hole FCG20-06 (1.5 g/t Au over 37.7m and 1.1 g/t Au over 38.3m).
The Colorado SW Zone remains open along strike and to depth; and
x Hole FCG21-08 is the seventh consecutive hole in the Central Area that has intersected substantive
gold mineralization by the Company.
“The unfolding story at the Fondaway Gold Project just keeps getting better. We continue to hit significant
grades of mineralization over considerable widths, with our lat est drill hole reporting one of the most
outstanding series of gold intercepts in the forty-five-year hi story of gold exploration on the Project.”
stated Mike Sieb, President, Getchell Gold Corp.
The Company is currently drilling its Phase One 4,000 metre 2021 drill program at the Fondaway Canyon
Gold Project as announced on June 1, 2021. Three holes have no w been completed (Figure 1) totaling
1,230 metres with assay results released for the initial two holes, FCG21-07 (Company news release dated
Aug. 10, 2021) and FCG21-08.
2021 Drill Program Results – Colorado SW Extension Zone
Hole FC21-08 was drilled from the same drill pad as FCG21-07 and was designed to test the Colorado SW
Extension Zone down-dip, and to the west, of FCG20-02. The hol e produced highly impressive results
from the Colorado SW Extension Zone, spanning a distance greater than 200m downhole. The highlighted
gold grade intervals are shown in Table 1 and along the drill hole trace in Figure 3. The Colorado SW Zone
remains open laterally and to depth.
Four notable and adjacent drill intercepts grade:
i) 4.2 g/t Au over 27.5m from 223.4 to 250.9m, including 13.0 g/t Au over 4.3m from 243.9-248.2m;
ii) 2.8 g/t Au over 24.5m from 261.5 to 286.0m;
iii) 1.4 g/t Au over 30.7m from 323.5 to 354.2m; and
iv) 1.3 g/t Au over 16.8m from 374.0 to 390.8m.
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Figure 1: Fondaway Canyon Central Area Plan Map showing 2021 drill hole locations.
Figure 2: Fondaway Canyon 3D Gold Domain Model – Colorado Pit to Pack Rat (NE-SW) Section*
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President Mike Sieb has recorded an accompanying video augmenti ng this news release. The narrated
video can be viewed here: https://youtu.be/SrEQ7wo3daw
Figure 3: FCG21-08 Drill Hole Trace with Gold Intervals, Looking NW
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2021 Drill Program Results – Juniper Zone
Hole FCG21-08 also tested the Juniper Zone, located within 100 metres of surface, with a 10m vertical
step out from FCG20-02 (Figure 2). FCG21-08 intersected the Ju niper Zone between 104.0-129.9m
returning 4.7 g/t Au over 25.9m that included 11.4 g/t Au over 5.5m (Figure 3).
The Juniper Zone was discovered last year by FCG20-02 that inte rsected 6.2 g/t Au over 21.9m t h a t
included 20.4 g/t Au over 3.2 m (Company news release Jan. 27, 2021). The new Juniper zone represents
a significant high-grade gold zone proximal to surface, remains open in most directions, and will be
followed up by additional drilling.
Table 1: FCG21-08 Gold Grade Interval Highlights
2021 Fondaway Canyon Drill Program Update
Drill hole FCG21-09 was collared approximately 300m to the SE o f FCG21-07 and targeted the down-dip
extent of the thick North Fork Zone that was discovered in 2020. The hole was completed to a drill depth
of 507 metres and has been shipped to the lab for core cutting and assaying. The gold results are
anticipated in 5 to 6 weeks.
T h e d r i l l i n g o f h o l e F C G 2 1 - 1 0 , s i t u a t e d o n t h e s a m e p a d a s F C G 21-09, has commenced. FCG21-10 is
designed to test the North Fork Zone up-dip from the gold inter val intersected by the highly successful
FCG20-04 (2.5 g/t Au over 58.0m), drilled in 2020 (Figure 1 and refer to Company news release dated Feb.
10, 2021). Of note, FCG20-04 ended in mineralization returning 2.6 g/t over 14.5m.
After completing a planned series of holes in the Central and Pediment target areas, the drill will mobilize
60kms to the north for the maiden drill program at the Company’s high-grade Star Cu-Au-Ag project. After
the completion of the Star drill program, the drill will return to Fondaway Canyon for the balance of the
year.
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Fondaway Canyon 3D Gold Domain Model – Colorado Pit to Pack Rat (NE-SW) Section*
The modelled gold domain highlights areas 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 mineral resources
estimate at Fondaway Canyon.
Scott Frostad, P.Geo., is the Qua lified Person (as defined in N I 43-101) who reviewed and approved the
content and scientific and technical information in the news release.
Highlighted drill intervals are based on a 0.25 g/t Au cut-off, minimum interval lengths of 10 feet (3.3
metres), and a maximum of 10 feet of internal dilution, with no top cut applied. All intervals are reported
as downhole drill lengths and additional work is required to determine the true width.
The 2020 and 2021 drill core was cut at Bureau Veritas Laborato ries’ (“BVL”) facilities in Sparks, Nevada,
with the samples analyzed for gold and multi-element analysis i n BVL’s Sparks, Nevada and Vancouver,
BC laboratories respectively. Gold values were produced by fir e assay with an Atomic Absorption finish
on a 30-gram sample (BV code FA430) with over limits re-analyze d using method FA530 (30g Fire Assay
with gravimetric finish). The multi-element analysis was perfo rmed 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.
Shareholder Update Sept 17, 11am PST
The Company invites all interested investors and media to join the next Getchell Gold Corp Shareholder
Update, which will provide an operational update on each of Getchell Gold’s Nevada projects, a detailed
review of all 2021 drill results to date, and a live Question and Answer session.
Registration is available here:
https://app.livestorm.co/getchell-gold/getchell-gold-shareholder-update-sept-17-2021?type=detailed
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
Canyon, a past gold producer with a significant 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 exploration projects, the Star high-grade Cu-Au-Ag project and Hot Springs Peak. Getchell has the
option to acquire 100% of the Fondaway Canyon and Dixie Comstoc k properties, Churchill County,
Nevada.
The Company reiterates that its near-term strategy to advance its assets is not impacted by the COVID-19
Corona virus. The Company continues to monitor the situation and is in compliance with all government
guidelines.
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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.
647.249.4798
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the
adequacy or accuracy of this news release.
Certain information contained herein constitutes “forward-looki ng information” under Canadian securities
legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology
such as “will” or variations of such words and phrases or statements that certain actions, events or results “will”
occur. Forward-looking statements are based on the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown r isks, uncertainties and other factors that
may cause the actual results to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information, including: the recei pt of all necessary regulatory approvals.
Although management of Getchell have attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipate d, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as ac tual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements and fo rward-looking information. The Company will not up date any forward-
looking statements or forward-looking information that are inco rporated by reference herein, except as
required by applicable securities laws.