Business
Getchell Gold Corp. Further Reports on the Extensive Gold Mineralization and the Staking of an Additional 35 Claims at Fondaway Canyon
Toronto, Ontario--(Newsfile Corp. - May 21, 2020) - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") a leading Nevada focused Gold a
About this update from Getchell Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 21, 2020) - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (\"Getchell\" or the \"Company\") a leading Nevada focused Gold and Copper exploration company is pleased to report its progress at its flagship gold asset Fondaway Canyon in Nevada. The highlights from the most recent drill programs conducted in the South Mouth open pit area in the western portion of the Project are provided below. In addition, the Company is pleased to announce that it has staked 35 more claims to better cover the extensive mineralizing system at Fondaway Canyon. Key Drilling Highlights: Hole FC17-06 ended in gold mineralization grading 1.29 g/t Au over 6.1 m, remains open in all directions and is a major step-out from the closest on-trend Mid-Realm zone drill hole; Hole FC17-07 intersected 6.0 g/t over 1.2 m within an interval of 2.06 g/t Au over 5.2 m; Two holes drilled on the pediment west of the range front fault intersected broad gold mineralization of 27.4 m grading 0.82 g/t Au and 36.6 m grading 0.52 g/t Au; The gold mineralization encountered in the Pediment holes is hosted in limestone and represents a significant 'Stand Alone Carlin Style Target'; and The drill results support the potential that a larger gold mineralizing system at Fondaway has yet to be revealed. Key Corporate Highlights: The Company is currently planning for the 2020 drill program at Fondaway Canyon; and An additional 35 claims were staked to cover the possible extension of the Pediment mineralization at Fondaway Canyon to the west of the original claim block and to provide land for operational flexibility. \"There is no doubt as to the presence and open extent of the gold mineralization at Fondaway Canyon.\" states Bill Wagener, CEO Getchell Gold Corp., and \"The results from the past two drill programs have only enhanced the indications towards its potential\". The two most recent drill programs at Fondaway, conducted in 2002 and 2017 by previous operators, saw four holes drilled in the western extent of the Project area along the major four-kilometre-long gold mineralizing trend (Figure 1) described as follows: Two vertical holes were drilled in 2002 west of any historic drilling to test targets hidden beneath the pediment (a gently sloping plain at the erosional base of a mountain front consisting of a veneer of soil, sands...