Getchell Gold Corp. Secures Drill Rig and Plans to Commence Drill Program in early May, 2021, at the Fondaway Canyon Gold Project, Nevada
CSE: GTCH
OTCQB: GGLDF
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Getchell Gold Corp. Secures Drill Rig and Plans to Commence Drill Program in early May, 2021,
at the Fondaway Canyon Gold Project, Nevada
Toronto, Ontario – March 18, 2021 – Getchell Gold Corp. (CSE: G TCH) (OTCQB: GGLDF) ("Getchell" or
the "Company") a leading Nevada focused Gold and Copper exploration company is pleased to announce
that it has secured a drill rig for early May 2021 to commence a Phase One 4,000 metre drill program at
the Company’s flagship Fondaway Canyon Gold Project in Nevada (“Fondaway” or “Project”).
“We are extremely eager to return to Fondaway Canyon with the i ntention of expanding our new, near
surface, gold zones discovered during the 2020 drill program.” stated Mike Sieb, President, Getchell Gold
Corp. “Having access to a dedicated drill rig ensures we can fo cus on advancing Fondaway Canyon
throughout 2021.”
Fondaway Canyon Gold Project
Getchell Gold completed a very successful 6-hole 1,995 metre dr ill program at Fondaway Canyon in late
2020. The results released in January and February 2021 (see C ompany news releases dated January 27
and February 10, 2021) from the drilling within the Central Area demonstrated:
i) the identification of thick zones of gold mineralization interp reted as a down dip continuation of
surface mineralization; and
ii) the prevalence of high-grade mineralized structures with notabl e widths within the overall
mineralizing system.
The Company has contracted First Drilling to provide a coring r ig for the commencement of drilling at
Fondaway Canyon in early May 2021.
The Company is in the planning and preparation stage, and will release additional details on the 2021 drill
program when they become formalized.
Star Copper-Gold-Silver Project Update
A drill program is planned for the first half of 2021 at the St ar Copper-Gold-Silver Project, located 60 km
north of Fondaway Canyon. The geophysical survey results compl eted at the end of 2020 have been
modelled and the Company’s technical team is presently finalizing the drill plan for permitting. Once the
plans and timing of the 2021 drill program at Star are formalized, the Company will release further details
on the 2021 exploration program at Star.
Scott Frostad, P.Geo., V.P. Exploration, is the Qualified Person (as defined in NI 43-101) who reviewed and
approved the content and scientific and technical information in the news release.
Corporate Update
The Company additionally wishes to announce the appointment of Brad Aelicks as an Advisor. Mr. Aelicks
has extensive finance experience, and has served as Board Membe r and Senior Officer in a multitude of
public and private companies. He has managed companies and their subsidiaries in North America, South
America, Africa, and Asia. In 2004 he founded a company, B&D C apital Partners, and through Private
Equity, Public Funding, Off-Take Agreements, and Development Partnerships, he helped B&D clients raise
CSE: GTCH
OTCQB: GGLDF
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in excess of $600 Million. Mr. Aelicks is currently a Co-Founder and Director of Pyfera Growth Capital, an
investment company established to support the commercialization of high growth Series A companies in
technology & sustainability. Mr. Aelicks not only brings his f inancial acuity in support of the Company,
but he possesses a wealth of geological and exploration technical expertise.
The Company is also pleased to extend Justin Meiklem’s consulta ncy agreement (“Agreement”) for
Justin’s continued assistance in managing and coordinating all marketing, advertising, and other public
relations programs implemented b y the Company. The Agreement i s for a six-month period until
September 16, 2021, for which Meiklem will be paid a monthly fe e of $7,500. This investor relations
agreement as well as the professional engagement fees are subject to CSE approval.
“Brad is a highly respected individual with considerable expertise and Justin’s substantial efforts are well
evidenced in Getchell’s heightened market recognition. We fully welcome their guidance and support as
Getchell Gold looks to continued strong growth in 2021.” states Mike Sieb, President, Getchell Gold Corp.
The Company announces that incent ive stock options to purchase up to 150,000 common shares of the
Company have been granted to a consultant pursuant to the Compa ny's stock option plan. The options
are exercisable at $0.54 per share for a period of five years from the grant date.
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.
CSE: GTCH
OTCQB: GGLDF
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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
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
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.