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Getchell Gold Announces Resources Estimate at Fondaway Canyon, NV
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to a
About this update from Getchell Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (\"Getchell\" or the \"Company\") is pleased to announce the Company's first Mineral Resources Estimate (\"MRE\") for the Fondaway Canyon project in Churchill County, Nevada. The MRE conceptualizes potential open pit and underground mining. Mineral Resources Estimate Key Highlights Significantly expands upon historical mineral resource; Indicated Mineral Resource of 11.0 million tonnes at an average grade of 1.56 grams per tonne (g/t) gold (Au) for 550,800 ounces of gold; and Inferred Mineral Resource of 38.3 million tonnes at an average grade of 1.23 g/t Au for an additional 1,509,100 ounces of gold; Gold mineralization remains open for further expansion in all contributing zones; and An Act containing provisions for the release of the Stillwater WSA is moving through the current session of the U.S. Congress with a recent vote overwhelmingly passed by the U.S. House of Representatives and a vote pending in the U.S. Senate. \"The Fondaway Canyon Mineral Resources Estimate far exceeds our expectations when we started this venture three years ago. The quantity and grade of gold outlined and the robustness of the Mineral Resources Estimate prominently places us in a select group within a premier gold jurisdiction,\" states Mike Sieb, President, Getchell Gold Corp. \"As impressive as this is, it represents a snapshot in time. With the mineralization remaining open and an expanded exploration program planned for next year, this is only the first major milestone in a continuously developing story.\" The results of the Mineral Resources Estimate are as follows: Table 1: Fondaway Canyon Global Mineral Resources Estimate at a price of US$ 1,650 per ounce. Table 2: Fondaway Canyon Mineral Resource Estimate by Zone The independent and qualified person for the mineral resources estimate, as defined by NI 43-101, is Michael Dufresne, P.Geo., from APEX Geoscience Ltd. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resources tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources ...