Business
Getchell Gold Corp. Provides Drill Program Update, Hot Springs Peak Project, NV and Share Issuances
Toronto, Ontario--(Newsfile Corp. - June 6, 2019) - Getchell Gold Corp. (CSE: GTCH) ("Getchell Gold" or the "Company") further to its news release of May 2, 201
About this update from Getchell Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - June 6, 2019) - Getchell Gold Corp. (CSE: GTCH) (\"Getchell Gold\" or the \"Company\") further to its news release of May 2, 2019, is pleased to provide an update on the exploration drill program at the Company's 100% owned Hot Springs Peak Property located in Humboldt County, Nevada. The drill program was completed last week and consisted of two drill holes; one reverse circulation angle hole totaling 274 meters (HSP-RC5) and a 783 meter deep core hole (HSP-C1). The two holes form part of the planned Phase 2 exploration drill program and represent a follow up to the Phase 1 four-hole program that was completed last Fall (results detailed in a Company press release dated February 25, 2019). Hole HSP-RC1, drilled last Fall, encountered Carlin Style alteration with anomalous gold, ranging up to 0.155 g/t, and pathfinder elements of arsenic, mercury and antimony in numerous intervals. The hole was terminated prematurely at a depth of 315 meters due to poor hole conditions which ended the drilling at the top of the highest intensity geophysical resistivity anomaly on the property. The recently completed core hole (HSP-C1) is a vertical hole designed to offset and drill to depth hole HSP-RC1's untested resistivity anomaly. The targeted anomaly is defined by the convergence of the magnetic low, chargeability high and resistivity high anomalies in conjunction with the surface hornfels alteration along the mine shaft trend containing the gold-arsenic mineralization. The first 262 meters of the hole were drilled by reverse circulation (RC), the hole was cased and then continued by core drilling to a total depth of 783 meters (2,568 feet). The RC drilling ended in one of three argillized-pyritic intrusions with the core drilling intersecting additional intrusions and carbon rich quartz fragmental breccias. Approximately 150 meters of carbon rich quartz breccias with silicification and disseminated pyrite associated with the silicification were intersected by the deeper core drilling. Intervals of suspected hornfels alteration surrounding the breccias will be confirmed with petrographic analysis. The results of the core drilling support the targeting methodology used to locate alteration that may contain Carlin Style gold mineralization. HSP-C1 was reclaimed up to the bottom of the casing and the casing...