Getchell Gold Corp. President’s Message
CSE: GTCH
OTCQB: GGLDF
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Getchell Gold Corp. President’s Message
Toronto, Ontario – December 17, 2020 – Getchell Gold Corp. (CSE : GTCH) (OTCQB: GGLDF)
("Getchell" or the "Company") wishes to convey a message from Mike Sieb, President, reflecting
on the advancements the Company has accomplished this year and a look into what 2021 has in
store.
President’s Message and Letter to the Shareholders
Dear Shareholders,
As the year comes to a close, I am proud to say that 2020 was a truly transformational year for
the Company. With the inclusion of two Nevada-based past produ cing gold properties at the
outset of the year, Fondaway Canyon and Dixie Comstock, one with significant historic resources
in the ground, the Company’s foundational value increased markedly.
Upon the acquisition, the Company’s technical team took possess ion of a voluminous data set
covering more than 40 years of exploration and mining history. The team took advantage of the
operational hiatus that the early months of COVID-19 created by taking the time to assimilate
t h e h i s t o r i c d a t a s e t , i d e n t i f y t h e c o n t r o l s f o r t h e g o l d m i n e ralization, and develop a new
geological model.
While the majority of the Company’s efforts occurred behind the scenes in the first half of the
year, the same couldn’t be said for the gold market. The price of gold entered the year at
USD1,520 and over the next 7 months experienced a bull run clim bing 36% to a record price of
~USD2,070 on Aug. 6, 2020. In conjunction with a highly suppor tive gold market and a series of
positive announcements detailing the numerous compelling attrib utes of the gold mineralizing
system at Fondaway Canyon, the Company completed close to $2.5 million in increasingly priced
private placements and took in $1.7 million from warrant conversions.
With a strong treasury and a solid exploration plan, the Compan y’s maiden 6-hole 2,000m drill
program commenced at Fondaway Canyon in early September. Five of the six holes were collared
within the Central Target Area, a 1,000 x 700 metre highly mine ralized NE-SW extensional zone
within the central portion of the 3.5 km long E-W trending Fond away Canyon gold mineralized
corridor. The drill program in the Central Target Area was des igned to extend the known
mineralization and characterize the known mineralization to ass ist with geological and resource
modelling. One hole was collared at the westernmost extent of known gold mineralization, the
Pediment Target Area, where two vertical drill holes completed in 2002 intersected broad
intervals of gold mineralization that may represent a wholly un explored Carlin Style gold target
and has never been followed up.
CSE: GTCH
OTCQB: GGLDF
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The Company has yet to receive assay results from this drill pr ogram due to a backlog in sample
analysis that all assay labs appear to be suffering. The bless ing of a high gold price has spurred
the increase in exploration activity, while the restrictions associated with COVID-19 have caused
staffing challenges to address the increase in samples received. The Company awaits the release
of results with as keen an interest as the Company’s shareholders.
Located 60km to the north of Fondaway Canyon is the Star Projec t. The Star Project comprises
two main mineralized occurrences, the formerly producing Star P oint Copper Mine and the Star
South high grade Cu-Au-Ag prospect, the site of a series of his torical artisanal mining tunnels.
The Company has been developing this project for a number of years and recently enhanced the
induced polarization (“IP”) geophysical coverage to refine dril l targets. Four discrete anomalies
have been identified and exhibit geophysical responses characte ristic of porphyry style
mineralization that underly or appear structurally linked to the surface showings.
As we approach year end with a healthy bank account, the stage has been set for a very exciting
and active 2021. The Fondaway Canyon drill results will be rec eived and released through
January, allowing the Company to revise and update the geological and resource model. This will
trigger the planning for a much-expanded drill program in 2021 to further characterize, test and
extend the mineralization. The Star project will be the benefi ciary of a maiden drill program in
the first half of 2021 to test for the source of the high-grade mineralization observed at surface.
I anticipate that Getchell Gold Corp. will be one of the more n otable Nevada focused junior
explorers and look forward to 2021 with high anticipation.
Wishing everyone a safe and joyful holiday season.
Mike Sieb, President, Getchell Gold Corp.
Webinar Reminder
President Mike Sieb is presenting an “Overview of Getchell Gold’s Nevada Projects” with special
focus on the Fondaway Canyon Gold project. The presentation will take place on Friday, Dec 18,
at 11am PST (2pm EST) and will be followed up by a live Q&A ses sion. Investors interested in
participating can register at https://app.livestorm.co/getchell-gold/introduction-to-getchell-
gold-cgtch or email [email protected] for more details. All investors and media are
welcome.
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
CSE: GTCH
OTCQB: GGLDF
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Springs Peak. Getchell has the option to acquire 100% of the Fo ndaway Canyon and Dixie
Comstock properties, Churchill County, Nevada.
The Company reiterates that its field activities to advance its assets are not impacted by the
COVID-19 Corona virus. The back log reported by the analytical lab is primarily the result of the
high volume of samples received due to the increased exploration activity triggered by a strong
gold market; in respect to any impact the COVID-19 corona virus may contribute. 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 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.