High-Grade Gold Discovered Beyond Mineral Resource Pit Shell At Fondaway Canyon

VANCOUVER – Getchell Gold Corp. reported on testing the northwest strike extension of gold mineralization at the Fondaway Canyon gold project in Nevada. FCG25-36 xtends strike of gold mineralization 70m to the NW. New high-grade discovery grading 5.8 g/t Au over 19.0m, situated 35m beyond mineral resource pit shell and fully open in every direction. Two additional intervals grading 1.4 g/t Au over 23.6m and 2.2 g/t Au over 11.2m demonstrate continuation of Colorado SW zone with 40m step out to the NW.
“There are a few major takeaways from hole FCG25-36 with all of them wholly positive and impactful. First and foremost, the results demonstrate the continuation of mineralization unabated along strike to the northwest. Secondly, and almost to be expected of the mineralizing system at Fondaway Canyon, is the discovery of another high-grade gold interval beyond the limits of previous drilling. Thirdly, this region is fully open for further expansion and bodes well for future mineral resource accretion.” said Mike Sieb, President.
Drill hole FCG25-36 was stationed partway up the north slope targeting the northwest extension of gold mineralization in a completely untested region. FCG25-36 targeted a region absent from previous drilling and represents the most northwesterly hole drilled to date.
FCG25-36 demonstrated the continuity of gold mineralization (Colorado SW zone) intersecting 1.4 g/t Au over 23.6m and 2.2 g/t Au over 11.2m (Table 1). These gold intercepts represent a 40-meter step out along strike with gold mineralization remaining open for expansion.
In addition, further down the drill hole, 35 meters beyond the mineral resource open pit shell, and 70 meters on strike to the northwest from previous drilling, a high-grade zone was discovered grading 5.8 g/t Au over 19.0m including 12.9 g/t Au over 6.5m. This is one of the highest-grade gold intercepts reported in the Colorado SW region of drilling. Gold mineralization is fully open along strike and dip.
Given the high grade encountered, the gold mineralization situated beyond previously drilling extent, and the potential for further expansion, follow-up drilling in this region is planned.
The primary lithology that hosts gold mineralization at Fondaway Canyon is a thick sequence of bedded siltstone, shale, and mudstone. At surface, northwest of the Colorado Pit is a block of limestone/marble, host to the historic Upper Quick-Tung tungsten mine. This limestone/marble block is one of a series of structurally bound limestone/marble units situated between two parallel NE-SW faults spanning the distance from the Colorado Pit to the Pack Rat gold zone.
Previous drilling has solely occurred to the southeast of this NE-SW corridor of limestone/marble blocks except for drilling within the area north of the Colorado Pit, that identified at surface high grade gold mineralization. Hole FCG25-36 is the first hole to extend the drilling to the northwest and target this untested region.
The results from hole FCG25-36 demonstrate that: 1) High-grade gold mineralization has been discovered and occurs in contact with and to the northwest of (i.e. on the other side of) a limestone/marble unit. 2) The limestone/marble units and structural setting may be a gold enrichment control feature. 3) The limestone/marble unit is itself mineralized with gold reporting an intercept grading 0.4 g/t Au over 14.8 m.
The key takeaway here is that the limestone/marble blocks and the NE-SW structural corridor that host them are not a limiting factor for gold mineralization, may well form part of a control feature for gold emplacement, and expansion of the mineral resource and open pit can be extended further northwest than currently modelled. This discovery provides additional encouragement and impetus for follow-up drilling in this region.