Upside Potential Scale At Foldaway Canyon Reinforced

VANCOUVER - Getchell Gold Corp. reported on holes FCG21-13 and FCG21-14, both stationed on the same drill pad, targeting the gold mineralization below the historic Colorado Pit with FCG21-14 additionally testing the margins of a local marble block fault unit, host to the past producing Quick-Tung Tungsten mine, at the Fondaway Canyon Gold project in Nevada.

"In combination, holes FCG21-13 and FCG21-14 demonstrate that the gold mineralization envelope extends down to a depth of 250 meters starting right below our feet at the Colorado Pit and they reinforce the upside potential scale of the mineralizing system at Fondaway Canyon," said, Mike Sieb, President. "In addition, FCG21-14 tested the contact relationship of the gold mineralization with a local block fault marble unit providing valuable information to assist with resource modeling and with planning future drill holes in the area to target the extension of the gold mineralization."

Ten drill holes, FCG21-07 through FCG21-16, totaling 3,874 meters were drilled last year at the Fondaway Canyon Gold Project. All ten holes are located in the Central Area and followed up on the 2020 discoveries of the Colorado SW, the Juniper, and the North Fork gold zones. The two drill holes, FCG21-13 and FCG21-14, primarily targeted the mineralization below the historic Colorado Pit.

FCG21-14 stationed at the Colorado Pit and drilling at -66° to the northwest (284° Az.) was designed to test the gold mineralization below the Colorado Pit and determine the boundary location of a known fault block marginal to the gold mineralization to assist with resource modeling. FCG21-14 successfully intersected the Colorado zone by collaring in gold mineralization right at surface that grades 2.6 g/t Au over 18.5m including 6.8 g/t Au over 5.4m from 12.6 to 18.0m drill depth.

Shortly down hole from the above gold intersection, the drill crossed into the fault contact boundary zone and then penetrated the marble block. However, the hole was terminated before reaching the targeted depth due to the extreme hardness of the intensely silicified marble unit effectively impeding further progress. The gold mineralization in this region remains open, discounting the isolated presence of the marble block, and a component of the 2022 drill plan will be to continue drill testing the extension of the gold mineralization to the northwest and to depth from a preferential location and dip angle.