Getchell Gold Corp. Extends Colorado SW Zone with 1.8 g/t Au over 90.0m and Discovers New North Fork Zone Grading 2.5 g/t Au over 58.0m, Fondaway Canyon Project, Nevada
CSE: GTCH
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Getchell Gold Corp. Extends Colorado SW Zone with 1.8 g/t Au over 90.0m and
Discovers New North Fork Zone Grading 2.5 g/t Au over 58.0m, Fondaway Canyon Project, Nevada
Toronto, Ontario – February 10, 2021 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or
the "Company") a leading Nevada focused Gold and Copper exploration company is pleased to announce
the remaining results from the recent six-hole 1,995 metre dril l program at the Company’s flagship
Fondaway Canyon Gold Project in Nevada (“Fondaway” or “Project”).
Key Highlights
x Assay results have been returned for the last 3 holes (FCG20-04, 05, and 06) completed during the
2020 drill program at Fondaway Canyon;
x These final three holes all intersected broad zones of gold min eralization and have significantly
extended the previously defined gold domains;
x 8.6 g/t Au over 9.8 metres high-grade gold intercept was encountered by FCG20-04 as it pierced
the main Half Moon Shear Vein 54 metres below surface;
x 2.5 g/t Au over 58.0m including 10.3 g/t Au over 5.2m , was intersected by FCG20-04 within the
newly identified North Fork Gold Zone that extended known gold mineralization 200 metres;
x Holes FCG20-05 and FCG20-06 successfully extended the mineraliz ed Colorado structural zone,
initially intersected by holes FCG20-02 and FCG20-03, 150 metres down dip towards the southwest;
x 1.8 g/t Au over 90.0m including 4.4 g/t Au over 11.1m was returned from the Colorado SW
Extension in FCG20-05;
x 1.5 g/t Au over 37.7m and 1.1 g/t Au over 38.3m were returned from the Colorado SW Extension
in FCG20-06; and
x Highlighted gold zones remain open laterally and down-dip.
“We are extremely encouraged with our results from Getchell’s i naugural drill program at Fondaway
Canyon within the Central Target Area. It’s not very often that every hole of an exploration drill program
returns gold intersections as good as or better than anticipate d.” stated Mike Sieb, President, Getchell
Gold Corp. “Our 2020 drill program substantially expanded the k nown mineralization and demonstrated
our broadest gold zones remain open with excellent potential for further extension.”
Assay results have now been received for all six diamond drill holes (FCG20-01 to FCG20-06) from the drill
program completed at Fondaway Canyon in late 2020 with the nota ble gold mineralized intervals
highlighted in Table 1*.
President Mike Sieb is hosting an online presentation of these drill results on Friday, February 12, 2021,
at 2pm EST. The session will feature a live Question and Answe r period. All investors and media are
welcome to register here: https://bit.ly/3cUJ7np.
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 1).
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Hole FCG20-04 encountered the high-grade Half Moon Shear Vein 108.1m down hole and 54m vertically
below surface (Figure 2 and 3). In addition, two notable gold intercepts were encountered further down
the hole that are interpreted to be splays of the main Half Moo n 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
iii) 6.3 g/t Au over 3.3 metres.
In addition, hole FCG20-04 encountered a broad 144 metre interc ept 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 b road zone of mineralization, t he 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.
Figure 1: Fondaway Canyon Central Area Plan Map showing 2020 drill hole locations.
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The newly identified North Fork Gold Zone is geologically model led as a 100m thick shallowly dipping to
the southwest zone of gold mineralization and the results obser ved 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 2), there are no
adjacent holes that have targeted the North Fork Gold Zone’s depth horizon.
Figure 2: Half Moon and North Fork Gold Zones Plan Map showing hole FCG20-04 gold grades.
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Of note is hole FC17-05, a hole drilled in 2017 by a previous operator and shown in Figures 1 and 3. 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 plu nge 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.
Figure 3: Fondaway Canyon North Fork Zone (NE-SW) Long Section
Colorado SW Extension Drill Results
Drill holes FCG20-02 and 03 were both collared from the historic Colorado Pit (Figure 1) and successfully
extended the known gold mineralization towards the southwest (F igure 4). The results from FCG20-02
and 03 are detailed in a Company news release dated January 27, 2021, and Table 1 presents a summary
of the notable gold intervals from holes FCG20-02 and FCG20-03.
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
(Figures 1 and 4). Holes FCG20-05 and 06 were designed test the down-dip extension of the mineralization
observed at surface at the historic Colorado Pit and the minera lization 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
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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.
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 repre sents 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 Figures 1 and 4. 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.
Figure 4: Fondaway Canyon Colorado to Pack Rat (NE-SW) long section
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Table 1: Fondaway Canyon 2020 Drill Program Highlighted Gold Intervals*
Table 2: Fondaway Canyon 2020 Drill Locations and Orientation (UTM metres - NAD83 Z11N)
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
North Fork Zone
Drill Hole From
(m)
To
(m)
Interval
(m)
Au
(g/t)
FCG20-004 108.1 117.9 9.8 8.6 Half Moon Shear Vein Drill Intercept
FCG20-004 128.5 149.0 20.5 2.7
FCG20-004 165.7 169.0 3.3 6.3
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
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
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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.
* Gold Intervals reported in this news release are drill indicat ed core lengths, as insufficient drilling has
been undertaken to determine true widths at this time. Average grades are calculated with un-capped
gold assays, as insufficient drilling has been completed to det ermine if capping levels for higher grade
gold intercepts are required.
The 2020 drill core was cut at Bureau Veritas Laboratories’ (“BVL”) facilities in Sparks, Nevada, with the
samples analyzed for gold and mu lti-element analysis in BVL’s S parks, 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 limits 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 t he field included the systematic
insertion of standards and blanks.
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
s t a g e e xp l or a t i on p r oj e c t s , S t a r a n d H ot S p r i n g s Pe a k . G e t c h e l l h a s t h e op t i on t o a c q u i r e 1 00 % of t h e
Fondaway Canyon and Dixie Comstock 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.
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 release and does not accept responsibility for the
adequacy or accuracy of this new s release. Not for distribution to U.S. news wire services or dissemination in
the United States.
Certain information contained herein constitutes “forward-looki ng information” under Canadian securities
legislation. Forward-looking information includes, but is not limited to, statements with respect to the private
placement and the completion thereof and the use of proceeds. 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
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and unknown risks, 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 receipt of all necessary regulatory approvals, use of proceeds from the financing, capital expenditures and
other costs, and financing and additional capital requirements. 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, t here may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to
be accurate, as actual results an d future events could differ m aterially from those anticipated in such
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