Significant Increase To The MRE At Fondaway Canyon Gold Project
VANCOUVER - Getchell Gold Corp. reported on an Updated Mineral Resource Estimate for the Fondaway Canyon gold project in Churchill County, Nevada. An 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 for 648,000 ounces of gold.
Inferred Mineral Resource of 44.8 million tonnes at an average grade of 1.16 g/t Au for an additional 1,670,100 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." said Mike Sieb, President.