Getchell Gold Corp. Further Reports on the Extensive Gold Mineralization and the Staking of an Additional 35 Claims at Fondaway Canyon
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Getchell Gold Corp. Further Reports on the Extensive Gold Mineralization
and the Staking of an Additional 35 Claims at Fondaway Canyon
Toronto, Ontario – May 21, 2020 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell"
or the "Company") a leading Nevada focused Gold and Copper exploration company i s pleased
to report its progress at its flagship gold asset Fondaway Cany on in Nevada. The highlights from
the most recent drill programs conducted in the South Mouth ope n pit area in the western
portion of the Project are provided below. In addition, the Company is pleased to announce that
it has staked 35 more claims to better cover the extensive mine ralizing system at Fondaway
Canyon.
Key Drilling Highlights:
x Hole FC17-06 ended in gold mineralization grading 1.29 g/t Au over 6.1 m, remains open in
all directions and is a major step-out from the closest on-trend Mid-Realm zone drill hole;
x Hole FC17-07 intersected 6.0 g/t over 1.2 m within an interval of 2.06 g/t Au over 5.2 m;
x Two holes drilled on the pediment west of the range front fault i n t e r s e c t e d b r o a d g o l d
mineralization of 27.4 m grading 0.82 g/t Au and 36.6 m grading 0.52 g/t Au;
x The gold mineralization encountered in the Pediment holes is ho s t e d i n l i m e s t o n e a n d
represents a significant ‘Stand Alone Carlin Style Target’; and
x The drill results support the potential that a larger gold mine ralizing system at Fondaway
has yet to be revealed.
Key Corporate Highlights:
x The Company is currently planning for the 2020 drill program at Fondaway Canyon; and
x An additional 35 claims were staked to cover the possible exten sion of the Pediment
mineralization at Fondaway Canyon to the west of the original c laim block and to provide
land for operational flexibility.
“There is no doubt as to the presence and open extent of the go ld mineralization at Fondaway
Canyon.” states Bill Wagener, CEO Getchell Gold Corp., and “The results from the past two drill
programs have only enhanced the indications towards its potential”.
The two most recent drill programs at Fondaway, conducted in 20 02 and 2017 by previous
operators, saw four holes drilled in the western extent of the Project area along the major four-
kilometre-long gold mineralizing trend (Figure 1) described as follows:
x Two vertical holes were drilled in 2002 west of any historic dr illing to test targets hidden
beneath the pediment (a gently sloping plain at the erosional b ase of a mountain front
c o ns i s t i n g o f a v e n e e r o f s o i l , s a n d s a n d g r a v e l s t h a t c o m p l e t ely blanket the underlying
bedrock); and
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x Two wide spaced holes were drilled in 2017 under the South Mout h open pit, the site of a
historic small-scale mining operation that has only been subjec ted to very shallow
exploration drilling and remains open to depth.
Figure 1: Fondaway Canyon West - South Mouth Area Plan Map
South Mouth Area
The South Mouth area was the site of small-scale open-pit minin g in the late 1980s and is the
most western surface expression of the extensive four-kilometre -long gold mineralizing system
at Fondaway Canyon. At South Mouth the gold mineralization occ urs within a 300-metre-wide
east-striking steeply dipping shear zone, hosting shear-type veins within a broader disseminated
lower grade halo. The historical drilling was quite shallow an d primarily tested the near surface
mineralization in support of the open pit operation. The abunda nt gold mineralization
encountered fully warrants targeting the deeper potential mineralization that remains untested.
Hole FC17-06 tested the eastern part of the South Mouth open pit area. Multiple low-grade gold
mineralization was intersected in the upper parts of the hole. However, it was the last few core
boxes that are of keen interest. Consistent mineralization gra ding 1.29 g/t Au over the last 6.1
metres, from 364.5 to 370.6 m, was intersected at the bottom of the hole.
The FC17-06 intersection is on trend with the Mid-Realm zone, i s a 200 metre west and 200-
metre-deep step-out from the closest Mid-Realm drill intercept, a n d i s o pe n i n a l l d i r e c t i o ns .
Additionally, this intersection represents significant potential for the under-explored Mid-Realm
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a r e a a s w e l l a s d e m o ns t r a te s a n o t h e r p o s i t i v e i n d i c a t o r f o r t h e untapped extents of the gold
mineralizing system across the Project.
Hole FC17-07 tested the western part of the South Mouth area 400 m west of hole FC17-06 and
was designed to cross below the mineralized vein-stockwork zone evident in the pit at this locale.
However, the hole was abandoned prematurely as it reached the s outhern edge of the target
mineralized zone due to drilling difficulties caused by broken ground within the shear zone. An
interval of stockwork quartz veins near the bottom of the hole assayed 2.06 g/t Au over 5.2 m,
containing 6.0 g/t over 1.2 m. While hole FC17-07 was not comp leted, the noted intersection
supports the potential continuation of gold mineralization to depth in this area.
Figure 2: Fondaway Canyon Long Section, Pediment to Mid-Realm Zone looking north
Pediment Area
The Pediment target area is on trend with the South Mouth gold bearing shear zone and is located
west of the range front fault that is situated at the western m argin of the Stillwater range. The
area is completely blanketed by a broad alluvium cover which is typical of the range and basin
geomorphology for the area.
Two vertical drill holes completed in 2002, 02FC-10 and 02FC-11, 185 metres apart and 100-150
metres on the Pediment and west of the range fault, were design ed to target potential gold
mineralization beneath the sediment cover. Both holes successf ully intersected thick lower
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grade gold intersections (Table 1) with hole 02FC-10 intersecting 27.4 m grading 0.82 g/t Au and
02FC-11 intersecting 36.6 m grading 0.52 g/t Au.
Of note, the gold mineralized intervals are hosted in limestone, which is distinctly different than
the siltstone-mudstone hosted mineralization east of the range fault at South Mouth and
represents a significant target in its own right. Carlin type g old deposits, with prominent
examples in the vicinity of Fondaway Canyon, are characterized by the gold mineralization hosted
in silicified decarbonated limestones.
The limestone gold intercepts are another major indicator that Fondaway Canyon may form part
of a larger gold mineralizing system that has yet to be revealed.
Table 1: Highlighted Drill Intersections – South Mouth and Pediment Zones
Downhole sample interval lengths reported in this news release are not representative of true
w i d t h a n d t r u e w i d t h w i l l b e l e s s t h a n t h e r e p o r t e d c o r e l e n g t h intervals by a certain factor.
Getchell has performed insufficient work to determine the attitude of the mineralized zones and
an estimation of true width.
Table 2: Summary of Highlighted Drill Holes - South Mouth and Pediment Zones
The 2017 drill samples were analyzed by Bureau Veritas Minerals of Sparks, Nevada, an ISO-
certified lab that meets the requirements of ISO/IEC 17025:2005 and ISO 9001:2015. The
laboratory employed a QAQC protocol that included insertion of control samples at a rate of 1
per 100 feet of core, approximately 1 per 22 samples, and condu cted duplicate analyses of core
Zone Drill Hole Gold
(g/t)
Interval
(m)
Depth
From (m)
Depth
To (m)
South Mouth FC17-06 1.29 6.1 364.5 370.6
FC17-07 2.06 5.2 161.8 167.0
Pediment 02FC-10 0.82 27.4 256.0 283.5
including 1.07 18.3 256.0 274.3
02FC-11 0.52 36.6 179.8 216.4
including 0.62 21.3 195.1 216.4
Length Azimuth Dip
UTM_N UTM_E Elev_m (m) (degrees) (degrees)
FC17-06 2017 4405994 395204 1441.54 370.64 11 -50
FC17-07 2017 4406062 394817 1369.68 187.45 14 -50
02FC-10 2002 4406204 394607 1315.28 301.75 0 -90
02FC-11 2002 4406306 394761 1324.99 304.80 0 -90
Drill Hole Year Collar Location (UTM)
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pulps and rejects. Control samples included a blank and four gold standards at various grades. A
qualified person from Getchell has verified that the 2017 drill program results disclosed have
been generated with proper procedures, have been accurately tra nscribed from the original
source and are suitable to be used.
The 2002 drill samples from the two reverse circulation drill holes were split with a Jones splitter
when dry and a rotary splitter when wet. Quality control sample s f r o m t h e f i e l d ( i . e . f i e l d
duplicate samples) were not submitted for analysis and the samp le sizes and security measures
were not documented. The samples were analyzed for total gold by American Assay Laboratories
of Sparks, Nevada Assays using the fire/A.A. finish method on a 3 0 - g r a m s a m p l e . T h e Q A Q C
protocol employed by the laboratory was conducting duplicate an alyses of core pulps,
approximately 1 per 11 samples. The laboratory did not insert blanks and standards, a current
NI 43-101 standard. A qualified person from Getchell has verif ied that the 2002 drill program
results disclosed used procedures that are non-NI 43-101 compli ant, however, the results have
been accurately transcribed from the original source and are considered suitable for their current
use.
Claim Staking
The Company staked 35 additional claims, totaling 248 hectares (612 acres), to the west and
north of the original Fondaway Canyon claim package to cover th e possible extension of the
pediment mineralization to the west and to provide land for operational flexibility.
2020 Exploration Program at Fondaway Canyon
There are numerous exploration targets with significant merits and blue-sky potential. The
evidence of Carlin Style mineralization at Fondaway demands further drilling to test the expanse
of the gold mineralization. “The Company is excited to drill o n the impressive 3.5 kilometre
Fondaway Canyon gold trend with a known width of up to 800 metres and a vertical range of 670
metres from the higher elevations in the east to the range-fron t in the west” said Bill Wagener
CEO.
The Company is currently planning for the 2020 drill program at Fondaway Canyon. The drill
program will be designed to provide “high value enhancement relative to cost” and set the stage
for the further advancement and development of the Project.
Scott Frostad, P.Geo., is the Qualified Person (as defined in N I 43-101) who reviewed and
approved the contents of this news release and has verified the data disclosed herein.
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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 it s efforts on its most advanced
stage asset, Fondaway Canyon, a past gold producer with a signi ficant 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 explora tion projects, Star Point and Hot
Springs Peak. Getchell has the option to acquire 100% of the Fo ndaway Canyon and Dixie
Comstock properties under an agreement with Canarc Resources Corp. (see January 7, 2020 news
release for further details).
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 re lease and does not accept responsibility
for the adequacy or accuracy of this news release. Not for dist ribution to U.S. news wire services or
dissemination in the United States.
Certain information contained herein constitutes “forward-looking information” under Canadian securities
legislation. Forward-looking infor mation includes, but is not l imited to, statements with respect to the
private placement and the completion thereof and the use of pro ceeds. 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 risks, uncertain ties and other factors that may cause
the actual results to be materially different from those expres sed or implied by such forward-looking
statements or forward-looking information, including: the recei pt of all necessary regulatory approvals,
use of proceeds from the financing, capital expenditures and ot her costs, and financing and additional
capital requirements. Although management of Getchell have attempted to identify important factors that
could cause actual results to di ffer materially from those cont ained in forward-looking statements or
forward-looking information, there may be other factors that ca use 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 and future events could differ materially from those an ticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and forward-looking information.
The Company will not update any forward-looking statements or f orward-looking information that are
incorporated by reference herein, except as required by applicable securities laws.