Explorer's Assays Expand Existing Zone and Discovers New Zone at Nevada Gold Property

Getchell Gold Corp. reported that diamond drilling data from the Colorado SW Zone at its Fondaway Canyon Project has aided in extending the zone by 150 meters, plus the firm discovered a new North Fork Zone grading 2.5 g/t Au over 58.0 meters.

In a news release, Nevada-focused gold and copper explorer Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) announced the remaining results from the "recent six-hole 1,995 meter drill program at the company's flagship Fondaway Canyon Gold Project in Nevada."

The firm indicated that it has now received the assay results for the last three holes drilled during its 2020 drill program at Fondaway Canyon. The company stated that each of these final three drill holes, FCG20-04, FCG20-05 and FCG20-6, intersected broad sections of gold mineralization and therefore have helped to significantly extended the previously defined boundary of the gold resource.

Getchell Gold advised that drilling completed in hole FCG20-04 within the newly identified North Fork Gold Zone returned 2.5 g/t Au over 58.0m, including 10.3 g/t Au over 5.2 m. The firm noted that the newly identified North Fork Gold Zone extended the previously known gold mineralization by 200 meters.

The company added that holes FCG20-05 and FCG20-06 were successful in extending the mineralized Colorado structural zone by 150 meters down dip. Getchell stated that the highlighted gold zones remain open laterally and down-dip and that results from hole FCG20-05 from the Colorado SW Extension showed 90.0 m of 1.8 g/t Au, including 11.1 m of 4.4 g/t Au. In the same area, hole FCG20-06 assays returned 37.7 m of 1.5 g/t Au in one segment and 38.3 m of 1.1 g/t Au in another intercept.

Getchell Gold's President Mike Sieb remarked, "We are extremely encouraged with our results from Getchell's inaugural drill program at Fondaway Canyon within the Central Target Area. It's not very often that every hole of an exploration drill program returns gold intersections as good as or better than anticipated. Our 2020 drill program substantially expanded the known mineralization and demonstrated the broad gold zones delineated remain open with excellent potential for further extension."

The firm noted that the assay results for the six diamond drill holes (FCG20-01 to FCG20-06) completed during the 2020 Fondaway Canyon drill program all returned notable gold mineralized intervals.

The company stated that drill hole FCG20-04 targeted the Half Moon Shear Vein where two notable gold intercepts were encountered. Getchell advised that at the Half Moon Shear Vein, three related but separate gold intercepts were obtained including 8.6 g/t Au over 9.8 m, 2.7 g/t Au over 20.5 m and 6.3 g/t Au over 3.3 m.

In addition, drilling at hole FCG20-04 encountered a broad 144 meter intercept of gold mineralization that formed the basis for the discovery of the newly North Fork Gold Zone. At the Colorado SW Zone Extension, the firm noted that drill holes FCG20-02 and FCG20-03 were both collared from the historical Colorado Pit and successfully extended the known gold mineralization towards the southwest.

Drill holes FCG20-05 and FCG20-05, which were collared on the same pad near the canyon floor, were designed to test the down-dip extension of the mineralization observed at surface at the historical Colorado Pit as well as the mineralization intercepted in holes FGC20-02 and FGC20-03. It was here at hole FGC20-05 where the company recorded 1.8 g/t Au over 90.0 m including 3.0 g/t Au over 45.3 m.

Getchell Gold noted that it is presently concentrating the bulk of its efforts on the Fondaway Canyon Project where it holds an option to acquire 100%. The firm stated that Fondaway Canyon was a former gold producer with a significant in-the-ground historical resource estimate and is its most advanced stage asset.

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