Business
Getchell Gold Corp. Announces Drilling and Warrant Repricing
Toronto, Ontario--(Newsfile Corp. - May 2, 2019) - Getchell Gold Corp. (CSE: GTCH) ("Getchell Gold" or the "Company") announces that exploration drilling on its
About this update from Getchell Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 2, 2019) - Getchell Gold Corp. (CSE: GTCH) (\"Getchell Gold\" or the \"Company\") announces that exploration drilling on its Hot Springs Peak property will resume this week. This round of drilling is a follow up to the Phase 1 four-hole program that was completed last fall. The results of the Phase 1 drilling were announced in a press release dated February 25, 2019. The Company may drill up to four holes as part of the Phase 2 round of exploration drilling. A map of the proposed drill plan and description of the planned drill holes and targets being tested are below. Map 1 Hole HSP-RC1, drilled last fall, encountered Carlin Style alteration with anomalous gold, ranging up to 0.155 ppm, and pathfinder elements of arsenic, mercury and antimony in numerous intervals (see news release dated February 25, 2019). The hole was terminated at 1,000 feet due to poor hole conditions which ended the drilling at the top of the strongest geophysical anomaly (resistivity) on the property. Hole HSP-C1 will be a vertical hole located 120 feet west of hole HSP-RC1 and is designed to test, at depth, the convergence of the magnetic low, chargeability high and resistivity high anomalies and the hornfels alteration. The first 1,000 feet of hole HSP-C1 will be drilled by reverse circulation, cased and followed by core drilling with a potential total depth of up to 3,400 feet. HSP-RC5 will be a vertical hole located 850 feet west of HSP-RC1 with an estimated depth of 1,500 feet and is designed to test the center of the chargeability and the strongest resistivity highs at the shallowest depths and inside both the magnetic low anomaly and surface hornfels alteration. HSP-RC6 will be an angle hole located 900 feet NNW of HSP-RC3 with a total length of up to 1,700 feet and is designed to penetrate into the side of the highest chargeability on the property by crossing under the historic mine shaft mineralization within the magnetic low anomaly and hornfels alteration. HSP-RC3, drilled last fall, was terminated prior to adequately testing the chargeability due to drilling issues. HSP-RC7 will be a vertical hole located 1,500 feet NNE of HSP-RC1 with an estimated depth of 1,500 feet and is designed to test the magnetic low and the chargeability anomalies and hornfels alteration outside of the resistivity high anomaly. ...