Getchell Gold Corp. (CSE: GTCH | OTCQB: GGLDF | FWB: GGA1) has announced plans to upgrade the mineral resource estimate (MRE) at its Fondaway Canyon gold project in Nevada, USA.
The company published its first MRE for the project in February 2023, reporting an inferred mineral resource of 38.3Mt at an average grade of 1.23g/t Au for 1.51Moz of gold; and an indicated mineral resource of 11.0Mt at an average grade of 1.56g/t Au for an additional 550.8Koz of gold.
Of the 26 holes drilled in the Central Area of Fondaway Canyon since 2020, only 18 of those holes were incorporated into the MRE. The results of the residual eight drill holes were received after the cutoff date for results to be included into the MRE.
All eight 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.
The company is planning to initiate a specific density sampling programme at the start of the new year with those results to be incorporated into the new estimate.
Getchell Gold is a Nevada focused gold and copper exploration company primarily directing its efforts on its most advanced stage asset, the Fondaway Canyon project, a past gold producer with a large mineral resource estimate.
Complementing Getchell’s asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties in Churchill County, Nevada in the United States.
For further information, please visit: www.getchellgold.com
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