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Getchell Gold Reports Significant Increase to the Mineral Resource Estimate at the Fondaway Canyon Gold Project, NV
VANCOUVER, BC, Sept. 11, 2024 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce an Updated
About this update from Getchell Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, Sept. 11, 2024 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) (\"Getchell\" or the \"Company\") is pleased to announce an Updated Mineral Resource Estimate (\"2024 MRE\") for the Fondaway Canyon gold project in Churchill County, Nevada. 2024 Updated Mineral Resource Estimate* Key Highlights 18% increase in Indicated mineral resources and 11% increase in Inferred relative to previous MRE; Indicated Mineral Resource of 13.5 million tonnes at an average grade of 1.49 g/t Au for648,000 ounces of gold; Inferred Mineral Resource of 44.8 million tonnes at an average grade of 1.16 g/t Au for an additional1,670,100 ounces of gold; Significant oxide cap delineated; and Gold mineralization starts at surface and remains open for further expansion. \"The significant increase to the Mineral Resource Estimate at Fondaway Canyon moves the valuation bar considerably higher and continues to demonstrate the incredible upside potential that has yet to be discovered.\" stated Mike Sieb, President. The results of the 2024 Updated Mineral Resource Estimate are as follows: Table 1: Fondaway Canyon Global Mineral Resource Estimate* Table 2: Fondaway Canyon Mineral Resource Estimate* by Zone *Notes on the 2024 Mineral Resource Estimate are provided below. A video presentation on the Fondaway Canyon gold project and the 2024 Updated Mineral Resource Estimate can be accessed through the following link: Video Presentation 2024 Updated MRE Figure 1: Fondaway Canyon Project MRE showing conceptual pits and gold grade block model Figure 2: Fondaway Canyon 2024 MRE 3D gold grade block model - Colorado SW section Figure 3: Fondaway Canyon Project MRE 3D gold grade block model – North Fork Section The MRE represents a significant expansion to the 2023 Mineral Resources Estimate published by the Company in February 2023 primarily due to: The addition of eight (8) holes drilled in 2022 in the Central Area, FCG22-20 through FCG22-28 (excluding FCG20-24 drilled to the west outside of the current resource), completed subsequent to the cut-off for inclusion into the 2023 MRE. All 8 drill holes intersected significant intervals of gold mineralization (Company news release dated June 6, 2024). A 7% increase in the bulk density of the mineralized host rock, derived from the 2024 field work collecting a total of 1,382 sample measurem...