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Getchell Gold Plans to Upgrade Mineral Resource Estimate at Fondaway Canyon Gold Project, Nevada
VANCOUVER, BC, Dec. 8, 2023 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce plans to upg
About this update from Getchell Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, Dec. 8, 2023 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) (\"Getchell\" or the \"Company\") is pleased to announce plans to upgrade the Mineral Resource Estimate at the Fondaway Canyon gold project in Nevada. Upgrading Mineral Resource Estimate The Company published its first Mineral Resource Estimate (\"MRE\")* for the Fondaway Canyon gold project (Company news release dated February 1, 2023), reporting: Inferred Mineral Resource of 38.3 million tonnes at an average grade of 1.23 g/t Au for1,509,100 ounces of gold; and Indicated Mineral Resource of 11.0 million tonnes at an average grade of 1.56 g/t Au for an additional 550,800 ounces of gold; Of the 26 holes drilled by the Company in the Central Area of Fondaway Canyon since 2020, only 18 of those holes were incorporated into the MRE. The results of the residual 8 drill holes were received after the cut off date for results to be included into the MRE. All eight (8) of these drill holes, FCG22-20 to FCG22-28, excluding FCG22-24 that drilled a separate target area, reported significant intervals of gold mineralization** with the majority extending the gold mineralization beyond the extents delineated for the MRE: Table 1: Gold Intervals not Included in MRE - Colorado SW Zone Drill Hole Au Interval From To Extending (g/t) (m) (m) (m) Mineralization FCG22-20 1.7 56.6 160.4 217.0 35m NE up dip FCG22-21 0.9 74.3 191.7 266.0 40m NW along strike FCG22-26 1.8 29.4 108.3 137.7 40m SE along strike 1.1 83.8 229.8 313.6 FCG22-27 1.2 29.9 143.1 173.0 In-Fill*** FCG22-28 0.8 98.0 182.5 280.5 40m SE along strike 1.3 58.0 293.9 351.9 *** Drill hole FCG22-27 lost part of the way through target zone Table 2: Gold Intervals not Included in MRE - North Fork Zone Drill Hole Au Interval From To Extending (g/t) (m) (m) (m) Mineralization FCG22-22 3.0 59.3 159.0 218.3 50m SE along strike including 8.8 8.1 172.0 180.1 2.4 21.7 238.2 259.9 including 7.1 5.3 239.4 244.7 0.8 41.6 290.7 332.3 1.1 25.8 370.8 396.6 FCG22-23 1.8 12.8 65.1 77.9 3.4 44.6 164.1 211.5 In-Fill FCG22-25 3.4 31.4 254.4 285.8 30m NE up dip including 14.1 2.2 254.7 256.9 ...