Strong Continuity And Potential Of Mineralizing Zone At Fondaway Canyon Gold Project

VANCOUVER - Mike Sieb, President, Getchell Gold Corp., said, "The gold assay results from these latest two drill holes continue to demonstrate the strong continuity and potential scale of the mineralizing system at Fondaway Canyon and provide an excellent start to 2022.”

Hole FCG21-11 intersected multiple significant gold intercepts within the Colorado SW zone over a 242 meter down hole distance including 1.4 g/t Au over 14.9m, 1.0 g/t Au over 52.5m and 2.2 g/t Au over 9.1m. FCG21-11 also encountered the near surface high-grade Juniper zone grading 8.8 g/t Au over 8.2m. Hole FCG21-12 intersected the Colorado SW zone of gold mineralization over a 92 meter down hole distance that included 6.3 g/t Au over 3.6m, 2.5 g/t Au over 24.5m, and 1.6 g/t Au over 25.5m. The Colorado SW gold zone, discovered in 2020, has now been tested by Getchell with eight drill holes that confirm its continuity on a 150m wide section along a 300 meter down dip extent. Including holes drilled by past operators, the Colorado SW zone is modeled to extend for 800 meters down dip from surface and remains open on strike and at depth; and Assays are pending for holes FCG21-13 through FCG21-16.

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 discovery of the Colorado SW, the Juniper, and the North Fork gold zones. The two drill holes, FCG21-11 and FCG21-12, reporting results in this news release, primarily targeted the Colorado SW gold zone. wFCG21-11 was designed to extend the Colorado SW gold zone approximately 30 to 50 meters to the southeast down-dip of hole FCG21-08 and 40 meters to the northwest on-strike from holes FCG20-05 and FCG20-06.