InvestmentPitch Media video features Getchell Gold, (CSE:GTCH) (OTCQB:GGLDF), a Nevada gold and copper exploration company with a new Mineral Resource Estimate totalling 2,060,000 ounces of gold. At that time, Mike Sieb, President, stated: "The Fondaway Canyon Mineral Resources Estimate far exceeds our expectations when we started this venture three years ago. The quantity and grade of gold outlined and the robustness of the Mineral Resources Estimate prominently places us in a select group within a premier gold jurisdiction. As impressive as this is, it represents a snapshot in time. With the mineralization remaining open and an expanded exploration program planned for 2023, this is only the first major milestone in a continuously developing story."
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Video Transcript:
Today’s feature company is Getchell Gold, (CSE:GTCH) (OTCQB:GGLDF), a gold and copper exploration company with four projects in Nevada.
The company is focussed on its most advanced stage asset, Fondaway Canyon, a past gold producer.
Other properties include the Star project, a past high-grade copper, gold, and silver small-scale producer, the Dixie Comstock project, a past gold producer with a historic resource, and Hot Springs Peak, an earlier stage exploration project.
Getchell has the option to acquire 100% of the both the Fondaway Canyon and Dixie Comstock properties.
On December 15, 2022, the company released its first Mineral Resources Estimate for the Fondaway Canyon project based on a conceptualized potential open pit and underground mining, significantly expanding the historical mineral resource published by a previous operator in 2017.
The company reported an Indicated Mineral Resource of 11.0 million tonnes at an average grade of 1.56 grams per tonne gold for 550,800 ounces of gold, and an Inferred Mineral Resource of 38.3 million tonnes at an average grade of 1.23 grams per tonne gold for an additional 1,509,100 ounces of gold.
The Fondaway Canyon Mineral Resources Estimate was based on 518 reverse circulation and diamond drill holes totalling 52,395 metres, spanning more than forty years to the present along a 3.5 km East-West gold trend.
At that time, Mike Sieb, President, stated: "The Fondaway Canyon Mineral Resources Estimate far exceeds our expectations when we started this venture three years ago. The quantity and grade of gold outlined and the robustness of the Mineral Resources Estimate prominently places us in a select group within a premier gold jurisdiction. As impressive as this is, it represents a snapshot in time. With the mineralization remaining open and an expanded exploration program planned for 2023, this is only the first major milestone in a continuously developing story."
Nine holes drilled in 2022, FCG20-20 to 28, totalling 3,473 metres were completed subsequent to the cut-off for inclusion into the Mineral Resource Estimate.
Assay results are still pending for 6 holes, which along with the other 3 holes, will be incorporated into a future Mineral Resource Estimate.
As shown here, a portion of the bulk tonnage mineral resource and conceptual open pit cross and extend into the Stillwater Wilderness Survey Area which partially overlays the Fondaway Canyon claim group.
Wilderness Survey Areas are provisional designations and have not been designated as Wilderness Areas and await such determination.
An Act containing provisions for the release of the Stillwater Wilderness Area has been passed by the U.S. House of Representatives and a vote is pending in the U.S. Senate.
The shares are trading at $0.45.
For more information, please visit the company’s website, www.GetchellGold.com, or contact the company at 647-249-4798 or by email at info@GetchellGold.com.
