Getchell Gold Corp. Provides Update for the 2021 Drill Program at the Fondaway Canyon Gold Project and for the Star Copper-Gold-Silver Project, Nevada
CSE: GTCH
OTCQB: GGLDF
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Getchell Gold Corp. Provides Update for the 2021 Drill Program at the
Fondaway Canyon Gold Project and for the Star Copper-Gold-Silver Project, Nevada
Toronto, Ontario – July 13, 2021 – Getchell Gold Corp. (CSE: GT CH) (OTCQB: GGLDF) ("Getchell" or the
"Company") is pleased to provide an exploration update on the Fondaway Ca nyon Gold Project
(“Fondaway”) and the receipt of drill permits for additional dr ill pads at Fondaway as well as for the
inaugural drill program at the high-grade Star Copper-Gold-Silv er project. Both projects are located in
Nevada.
Fondaway Canyon 2021 Drill Program Update
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. Two drill holes of the 2021 program, FCG21-07 and FCG21-
08, have been completed and the drill core has been delivered to the analytical lab for analysis.
Both drill holes were drilled southwest from the Colorado Pit t o expand on the high-grade gold Juniper
zone and the thick Colorado SW Extension zone recently intersec ted by holes FCG20-02 and FCG20-03.
Table 1 details the gold mineralized drill intercepts from these holes, Figure 1 provides a plan view of the
Central area with the 2020 and 2021 drill pads and drill traces highlighted, and Figure 2 shows the 3D gold
mineralization model on the NE-SW Colorado Pit to Pack Rat section.
FCG21-07 and FCG21-08 were designed as 40m respective lateral a nd vertical step-outs to the Colorado
SW Extension interval intersected in FCG20-02. Both drill hole s similarly functioned as a step-out to the
high-grade Juniper zone. The two 2021 holes reached their targ eted depths and the assay results are
expected in late July to early August.
As previously planned, the drill will commence a series of hole s targeting the North Fork Zone, starting
with FCG21-09, before circling back to continue expanding on the Juniper and Colorado SW Extension gold
mineralized zones.
Fondaway Canyon Gold Project Permits
The recently granted drill permit adds three drill pads to the Company’s existing exploration permit at
Fondaway and allows:
i) Full drill coverage to continue defining the Central Target Are a through the foreseeable future;
and
ii) One drill hole at the Pediment Target Area located on the weste rnmost extent of the East-West
gold mineralization corridor.
The permitted Central Target Area is host to a sizable historic resource and is where the 100-metre-thick
Colorado SW Extension and the North Fork zones were discovered in late 2020. The newly permitted
Pediment Target Area is the site of two historic drill holes th at each intercepted broad gold bearing
intervals in 2002 and has yet to be properly characterized (refer to Company news release dated Jan. 27,
2021). As the drill campaign at Fondaway progresses, additiona l drill pads and access roads will be
permitted as required.
CSE: GTCH
OTCQB: GGLDF
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Figure 1: Fondaway Canyon Central Area Plan Map showing 2020 and 2021 drill hole locations and gold intercepts.
Figure 2: Fondaway Canyon 3D Gold Domain Model* - Colorado to Pack Rat (NE-SW) Section, 150m wide slice.
CSE: GTCH
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Table 2: Colorado Pit Collared Drill Holes - Orientation and Length
* The modelled gold domain highlights areas where gold interval s 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 for the Company has not done sufficient work to classify a
current mineral resources estimate at Fondaway Canyon.
Star High Grade Copper-Gold-Silver Project 2021 Drill Program
The 2021 drill program at the high-grade Star Copper-Gold-Silver project is scheduled to commence upon
completion of the Fondaway Pediment target area drill hole. The Star project is located approximately 60
kilometres north of Fondaway Canyon.
The Company has now received an exploration permit to commence building drill pads and access routes
for the three initially planned holes. Targets of the 2021 dril l program include a highly prospective
geophysical target located beneath the historic Star Point Copper Mine and a strong geophysical response
located near the Star South high-grade Copper-Gold-Silver occur rences. For a comprehensive summary
Table 1: 2020 Drill Holes Collared at the Colorado Pit – Gold Grade Interval Hi ghlights
Drill Hole From
(m)
To
(m)
Interval
(m)
Au
(g/t)
FCG20-002 41.0 49.5 8.5 2.5
FCG20-002 106.1 128.0 21.9 6.2 Juniper
including 116.0 128.0 12.0 9.6
including 120.5 123.7 3.2 20.4
FCG20-002 181.0 224.5 43.5 1.9 Colorado SW Extension
including 192.1 207.0 14.9 4.2
FCG20-002 265.6 277.9 12.3 1.1
FCG20-003 2.7 19.8 17.1 1.5
FCG20-003 39.0 42.0 3.0 5.4
FCG20-003 148.7 169.8 21.1 4.3 Juniper
including 159.6 169.0 9.4 8.7
including 163.4 166.8 3.4 14.6
FCG20-003 188.3 237.3 49.0 2.0 Colorado SW Extension
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
Hole ID Azimuth Dip Length (m)
FCG20-002 240 -66 353.9
FCG20-003 185 -68 295.0
FCG20-007 225 -72 264.6
FCG20-008 242 -62 459.2
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of these two highly mineralized surface occurrences, refer to C ompany news release dated Oct. 14 and
Nov. 24, 2021.
Upon completion of the drill program at Star, the drill will re turn to Fondaway Canyon with the plan to
drill through to the end of the year.
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.
The 2021 drill core will be processed using the same methods for the 2020 drill program. The core will be
cut at Bureau Veritas Laboratories’ (“BVL”) facilities in Sparks, Nevada, with the samples analyzed for gold
and multi-element analysis in BVL’s Sparks, Nevada and Vancouve r, BC laboratories respectively. Gold
values are 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 analyses are performed by ICP-MS following aqua regia d igestion on a 30g sample (BV code
AQ250). Quality control measures in the field include the systematic insertion of standards and blanks.
Corporate News
The Company has given Notice via SEDAR that its Annual General Meeting (AGM) will be held on
September 17, 2021 via conference call at 10:00 AM PDT. The AGM will be followed by a webinar hosted
by Mike Sieb where he will provide an update on the 2021 drill program and results. Participant
instructions will be provided well in advance of both events.
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
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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
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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
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.