Shallow High-Grade Gold At North Fork Zone

VANCOUVER -  Getchell Gold Corp. reported on remaining results for drill hole FCG22-17 that targeted the high-grade North Fork zone at the Fondaway Canyon gold project in Nevada. Gold mineralized zone encountered at shallow depth and spanning 120 m downhole. High-grade gold mineralization of 17.7 g/t Au over 9.9 m within a broader zone grading. 5.4 g/t Au over 51.9 m was intersected starting at 66.1 m downhole; and followed by two intervals grading 2.0 g/t Au over 22.9 m and 1.9 g/t Au over 15.9 m.

"Drill hole FCG22-17 reaffirms the high-grade, high-concentration, and broad-expanse of gold mineralization at the North Fork zone." said Mike Sieb, President. "Every drill hole continues to contribute to our understanding and modeling, as well as continues to push the boundaries of the mineralizing system at Fondaway Canyon."

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 Au over 50.7 m (117.5-168.2 m drill depth) that includes 10.4 g/t Au over 25.0 m (139.9-164.9 m). This latter interval contained 12 samples reporting >10 g/t Au revealing strong internal high-grade gold consistency. 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 25m step out to the northwest from the high-grade intercept encountered in FCG21-16. FCG22-17 intersected significant gold mineralization grading 5.4 g/t Au over 51.9 m at a shallow down-hole depth of 66.1 m including an exceptionally high-grade gold zone grading 17.7 g/t Au over 9.9 m (94.7-104.6 m). This latter interval contains ten consecutive samples reporting >9 g/t Au revealing strong internal high-grade gold consistency.

Five holes have been completed (FCG22-17 to 21) to date, totaling 1,867m, during the 2022 drill program at Fondaway Canyon. Holes FCG22-18 and 19, collared on the same pad as FCG22-17, were respectively designed to test the immediate up-dip and down-dip extent of the mineralization encountered in hole FCG21-16, with FCG22-18 testing the further extent of the North Fork gold zone to the northeast in an area absent of any drilling. FCG22-20, a vertical drill hole, was designed to test the mineralization directly below the Colorado Pit in an area relatively absent of drilling.

FCG22-21, stationed midway up the north slope of Fondaway Canyon, was designed to crosscut the Colorado SW zone of mineralization to assist with modeling and to test the extents of the mineralization to the northwest. Additional holes are planned from this setup but due to the need to expand the drill pad and sump to accommodate additional drilling, the drill has been moved back to the canyon floor in the interim to continue to expand on the North Fork gold zone.