July 13, 2021
Toronto, Ontario – July 13, 2021 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (“Getchell” or the “Company”) is pleased to provide an exploration update on the Fondaway Canyon Gold Project (“Fondaway”) and the receipt of drill permits for additional drill pads at Fondaway as well as for the inaugural drill program at the high-grade Star Copper-Gold-Silver 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 to expand on the high-grade gold Juniper zone and the thick Colorado SW Extension zone recently intersected 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 and vertical step-outs to the Colorado SW Extension interval intersected in FCG20-02. Both drill holes similarly functioned as a step-out to the high-grade Juniper zone. The two 2021 holes reached their targeted depths and the assay results are expected in late July to early August.
As previously planned, the drill will commence a series of holes 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:
- Full drill coverage to continue defining the Central Target Area through the foreseeable future; and
- One drill hole at the Pediment Target Area located on the westernmost 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 that 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, additional drill pads and access roads will be permitted as required.