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Getchell Gold Corp. 2026 Mineral Resource Estimate Experiences Significant Growth at Fondaway Canyon, NV
VANCOUVER, BC, April 30, 2026 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to announce an updated Mineral
About this update from Getchell Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, April 30, 2026 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (\"Getchell\" or the \"Company\") is pleased to announce an updated Mineral Resource Estimate (\"MRE\") for the Fondaway Canyon gold project in Churchill County, Nevada. The MRE conceptualizes potential open pit and underground mining.Mineral Resource Estimate Key Highlights21% Mineral Resource Estimate growth resulting from the addition of only 10 drill holes (3,400m);54% increase in Indicated Mineral Resource to 22.1 million tonnes at an average grade of 1.40 g/t Au for 999 Koz of gold;8% increase in Inferred Mineral Resource to 45.6 million tonnes at an average grade of 1.25 g/t Au for an additional 1,812 Koz of gold;MRE Open Pit model expanded by 50-65m on strike and dip;Gold mineralization remains open for further expansion; andAn updated Preliminary Economic Assessment has been initiated.\"A 21% Mineral Resource Estimate growth at the Fondaway Canyon gold project from 3,400 meters of drilling attests to the success of last year's program. No less significant is the continued increase in the Inferred Mineral Resource alongside the dramatic 54% increase to the Indicated Resource. The capacity of the Mineral Resource to increase across the resource classifications demonstrates the robustness of the deposit and the inherent ability for further growth.\" states Mike Sieb, President, Getchell Gold Corp. \"I am excited for the forthcoming PEA to highlight the economic potential at Fondaway Canyon.\"The Mineral Resource Estimate results are as follows:Table 1: Fondaway Canyon 2026 vs. 2024 Global Mineral Resources EstimateTable 2: Fondaway Canyon Mineral Resource Estimate by ZoneFigure 1: Fondaway Canyon Project MRE gold grade block and open pit model in plan and longitudinal viewThe 2026 MRE represents a significant expansion to the 2024 Mineral Resource Estimate primarily due to:The addition of ten (10) holes drilled in 2025 in the Central Area, FCG22-29 through FCG22-36, that intersected significant gold intervals and extended the mineralization. Gold interval highlights from the 2025 drill program are presented in the tables below:Table 3: Colorado SW area (Figures 2 to 4, 8 and 9)Table 4: Mid-Central area (Figures 5 to 9)2. An increase in the price of gold per ounce to USD 3,000 from USD 1,950 utilized in the 2024 Mineral Re...