Shallow High-Grade Gold Intersected At North Fork Zone

VANCOUVER - Getchell Gold Corp. reported on partial results for drill hole FCG22-17 that targeted the high-grade North Fork zone at the Fondaway Canyon gold project in Nevada.

Key Highlights: Results received for upper 119.5 meters of drill hole FCG22-17; Gold mineralization encountered at shallow depth, starting at 66.1m down-hole; 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; and Remainder of assays pending.

"This is a spectacular start to the 2022 drill program especially with the discovery of high-grade gold mineralization lying shallow below the canyon floor," states Mike Sieb, President. "The mineralizing system at Fondaway Canyon continues to impress and we wait with anticipation for what the year will bring."

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.

"Marking how truly exceptional this is, the FCG21-16 interval returned the greatest 'gold grade x thickness' value in the 40+ year history of gold exploration and mining at the Project and likely represents a major high-grade conduit for the gold mineralizing system at Fondaway Canyon." stated Mike Sieb, President.

Hole 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.

Fire assay gold results have been received down to a drill depth of 119.5 m. This represents only a partial return of results. Assays are pending for the remainder of the hole to an end-of-hole depth of 348.7m. FCG22-17 intersected gold mineralization considerably shallower than anticipated at a down-hole depth of 66.1 m with a significant gold interval extending down to the last sample returned to date.

The FCG22-17 gold interval reported to date sits vertically higher than FCG21-16's gold interval. Receipt of the pending assay results will assist the Company in determining the relationship of the gold interval encountered in FCG22-17 with FCG21-16's gold interval and to the degree it adds to the mineralization model.