Results have been received for upper 119.5 metres of drill hole FCG22-17. Gold mineralization was encountered at shallow depth, starting at 66.1 metres down-hole. High-grade gold mineralization was intersected with 17.7 g/t gold over 9.9 metres within a broader zone grading 5.4 g/t gold over 51.9 metres. More assays are pending.
â€œThis is a spectacular start to the 2022 drill program especially with the discovery of high-grade gold mineralization lying shallow below the canyon floor,â€ stated Mike Sieb, President. â€œThe mineralizing system at Fondaway Canyon continues to impress and we wait with anticipation for what the year will bring.â€
Drill hole FCG22-17, the first drill hole of the 2022 drill program at Fondaway Canyon, is the first in a series of holes tasked with delineating the high-grade gold discovered by FCG21-16, the last drill hole of the 2021 drill program.
FCG21-16 encountered a high-grade gold interval grading 6.3 g/t gold over 50.7 metres (117.5-168.2 m drill depth) that includes 10.4 g/t gold over 25.0 metres (139.9-164.9 m). This latter interval contained 12 samples reporting over 10 g/t gold revealing strong internal high-grade gold consistency.
â€œMarking how truly exceptional this is, the FCG21-16 interval returned the greatest â€˜gold grade x thicknessâ€™ value in the 40+ year history of gold exploration and mining at the Project and likely represents a major high-grade conduit for the gold mineralizing system at Fondaway Canyon.â€ stated Sieb.
Hole FCG22-17 was collared on the canyon floor, at the junction of Fondaway Canyon and the North Fork branch, on the same drill pad as hole FCG21-16. FCG22-17 was designed to target the North Fork mineralized zone as a 25-metre step-out to the northwest from the high-grade intercept encountered in FCG21-16.
|FCG22-17 intersected gold mineralization considerably shallower than anticipated at a down-hole depth of 66.1 metres with a significant gold interval extending down to the last sample returned to date.|
A second drill hole has been completed. Hole FCG22-18, collared on the same pad as FCG22-17, was designed to test the immediate up-dip extent of the mineralization encountered in hole FCG21-16. The further extent of the North Fork gold zone to the northeast is in an area absent of any drilling.
FCG22-18 was completed to a drill depth of 437.1 metres with the bottom of the hole representing a 100 m step out from the closest North Fork gold zone drill intercept. Assays are pending.
Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Complementing Getchell’s asset portfolio is Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.