Getchell Gold Corp. Intersects 6.2 g/t Au over 21.9m Including 9.6 g/t Au over 12.0m at the Colorado Zone, Fondaway Canyon Project, Nevada
CSE: GTCH
OTCQB: GGLDF
1
Getchell Gold Corp. Intersects 6.2 g/t Au over 21.9m Including 9.6 g/t Au over 12.0m
at the Colorado Zone, Fondaway Canyon Project, Nevada
Toronto, Ontario – January 27, 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
partial results from the recent six‐hole 1,995 metre drill prog ram at the Company’s flagship Fondaway
Canyon Gold Project in Nevada (“Fondaway” or “Project”).
Key Highlights
Assay results have been returned for the first 3 holes from the 2020 drill program at Fondaway;
Holes FCG20‐02 and 03 were drilled in the Central Area to test the down‐dip extension of the
Colorado Zone mineralization;
Multiple gold zones were intersected in hole FCG20‐02 including a new high‐grade gold zone above
the targeted depth for the Colorado Zone mineralization, and closer to surface;
6.2 g/t Au over 21.9m including 9.6 g/t Au over 12.0m , and including 20.4 g/t Au over 3.2m was
intersected by FCG20‐02 in this newly identified mineralized structural zone;
In addition, both holes FCG20‐02 and 03 intersected broad inter vals of mineralization, with higher
than anticipated gold grades, down‐dip from the Colorado Zone;
1.9 g/t Au over 43.5m including 4.2 g/t Au over 14.9m was intersected in FCG20‐02;
4.3 g/t Au over 21.1m including 8.7 g/t Au over 9.4m, and a lower interval grading 2.0 g/t Au over
49.0m was intersected in FCG20‐03, an approximate 120 metre step‐out from FCG20‐02;
Hole FCG20‐01 drilled 2.3km to the west at the Pediment Target Area was lost within a fault zone
prior to reaching the target depth. The last series of samples at the bottom of the hole showed an
increase in gold values potentially indicative of the approaching targeted gold zone; and
Assays are still pending for holes FCG20‐04, 05, and 06 drilled in the Central Area.
“We are thrilled that our initial drill holes testing the gold mineralization down‐dip from the Colorado Pit
both intersected wide mineralized structures and extended the k nown gold mineralization towards the
southwest” said Mike Sieb, Pres ident, Getchell Gold Corp. “We also encountered a very prominent and
high‐grade interval not accounted for in our geologic model, th at highlights the extensive mineralizing
system at Fondaway, and we look forward to shortly receiving th e outstanding 2020 drill program assay
results.”
Assay results have been received for the first three diamond drill holes (FCG20‐01, 02, and 03) of the six‐
hole drill program completed at Fondaway Canyon in late 2020.
Central Area Drill Results
Drill holes FCG20‐02 and 03 were both collared from the histori c Colorado Pit (Figure 1) and successfully
extended the known gold mineralization towards the southwest (Figure 2 and 3). Table 1 presents a
summary of the notable gold intervals from holes FCG20‐02 and FCG20‐03.
CSE: GTCH
OTCQB: GGLDF
2
Figure 1: Fondaway Canyon Central Area Plan Map showing 2020 drill hole locations
Hole FCG20‐02, drilled to the southwest along a plane connecting t h e C o l o r a d o P i t t o P a c k R a t z o n e ,
encountered a wide mineralized structural zone between a drill depth of 150 and 300 metres. The
mineralization was encountered where predicted by the geologica l 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 120 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).
The broad Colorado structural zone 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.
CSE: GTCH
OTCQB: GGLDF
3
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 (1.7m sample). The mineralized
interval graded 6.2 g/t Au over 21.9 metres including 9.6 g/t A u over 12.0 metres and including 20.4 g/t
Au over 3.2 metres.
Figure 2: Fondaway Canyon Colorado to Pack Rat (NE‐SW) long section
Table 1: Fondaway Canyon 2020 Drill Interval Highlights – Gold Grade
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 FCG20‐003 2.7 19.8 17.1 1.5
FCG20‐002 106.1 128.0 21.9 6.2 FCG20‐003 39.0 42.0 3.0 5.4
including 116.0 128.0 12.0 9.6 FCG20‐003 148.7 169.8 21.1 4.3
including 120.5 123.7 3.2 20.4 including 159.6 169.0 9.4 8.7
FCG20‐002 181.0 224.5 43.5 1.9 including 163.4 166.8 3.4 14.6
including 192.1 207.0 14.9 4.2 FCG20‐003 188.3 237.3 49.0 2.0
FCG20‐002 265.6 277.9 12.3 1.1 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
CSE: GTCH
OTCQB: GGLDF
4
Figure 3: Colorado Pit Area Plan Map showing 2020 drilling with sample gold grades
CSE: GTCH
OTCQB: GGLDF
5
The Colorado structural zone was targeted further down‐dip by holes FCG20‐05 and FCG20‐06 and assays
for these holes are pending.
Half Moon Area Drill Hole
Drill hole FCG20‐04 was collared north of where the Half Moon V ein 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 down‐dip to the southwest (Figure 1).
Assay results are pending for hole FCG20‐04.
Pediment Target Area
The Pediment Target is the westernmost known gold mineralized o ccurrence along the 3.5 km long E‐W
trending Fondaway Canyon gold mineralization corridor. The are a 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, were collared 185 metres apart and
designed to test potential gold mineralization beneath the sedi ment cover on trend with the Fondaway
Canyon E‐W gold corridor. Both holes successfully intersected thick lower grade gold intersections 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.
One hole, FCG20‐01, was drilled on the pediment targeting the midway point between the two gold
bearing intervals intersected by holes 02FC‐10 and 02FC‐11 to characterize and model the mineralization
geometry. FCG20‐01 was lost within a fault zone prior to reach ing the target depth. The last series of
s a m p l e s a t t h e b o t t o m o f t h e h o l e s h o w e d a n i n c r e a s e i n g o l d v alues potentially indicative of the
approaching targeted gold zone.
Additional drilling in 2021 is planned for this prospective tar get and the drilling methodology and
orientation will be adjusted to address the structural setting.
Table 2: Fondaway Canyon 2020 Drill Locations and Orientation (UTM metres ‐ NAD83 Z11N)
Scott Frostad, P.Geo., is the Qu alified Person (as defined in N I 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’ (“B VL”) 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 Adsorption finish on a
30‐gram sample (BV code FA430) with over limits re‐analyzed usi ng method FA530 (30g Fire Assay with
gravimetric finish). The multi‐element analysis was performed by ICP‐MS following aqua regia digestion
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
CSE: GTCH
OTCQB: GGLDF
6
on a 30g sample (BV code AQ250). Quality control measures in the field included the systematic insertion
of standards and blanks.
The 2002 drill samples from the two reverse circulation drill h oles referred to in this news release were
split with a Jones splitter when dry and a rotary splitter when wet. Quality control samples from the field
(i.e. field duplicate samples) were not submitted for analysis and the sample 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 30‐gram sample. The QAQC protocol
employed by the laboratory was conducting duplicate analyses 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 verified that the 2002 drill program r esults disclosed used procedures that are
non‐NI 43‐101 compliant, however, the results have been accurately transcribed from the original source
and are considered suitable for reference at the current stage of exploration.
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 produ cer with a historic resource and two earlier
stage exploration projects, Star and Hot Springs Peak. Getchell h a s t h e o p t i o n t o a c q u i r e 1 0 0 % o f 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 news release. Not for distribution 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 information includes, but is not l imited 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 “w ill” 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, uncertainties and other factors that may cause the actual results to be materially different
CSE: GTCH
OTCQB: GGLDF
7
from those expressed or implied by such forward‐looking statements or forward‐looking information, including:
the receipt of all necessary regulatory approvals, use of proce eds 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 n o assurance that such statements will prove to
be accurate, as actual results and future events could differ m aterially from those anticipated 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‐lo oking statements or forward‐looking
information that are incorporated by reference herein, except as required by applicable securities laws.