Drilling Continues at Getchell Gold’s Fondaway Canyon Project in Nevada as Team Finds More Gold | Summary and Q&A

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March 10, 2023
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Drilling Continues at Getchell Gold’s Fondaway Canyon Project in Nevada as Team Finds More Gold

TL;DR

Getchell Gold has experienced significant success with its Fondaway Canyon gold project in Nevada, with a large resource estimate and potential for further expansion.

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Key Insights

  • 👍 Getchell Gold's acquisition of the Fondaway Canyon project has proven to be a success with significant discoveries and a large resource estimate.
  • 🪘 The project has a long history of exploration and has attracted attention for its potential.
  • 📽️ Nevada is an ideal jurisdiction for advancing and developing mining projects, providing a favorable environment for Getchell Gold.
  • 🙃 The current market conditions present an excellent opportunity for investors to consider Getchell Gold, as the company has maintained its value and has significant upside potential.
  • 🥹 The Fondaway Canyon project holds intrinsic value with room for growth, making it an attractive investment option.
  • 🚚 Getchell Gold's focus on maximizing shareholder value through drilling and advancing the project showcases its commitment to delivering returns.
  • 💪 The company's strong shareholder base and steady value during market fluctuations demonstrate investor confidence and support.

Transcript

thank you hello and welcome to CEO insights I'm Marilyn De Guzman with the investing News Network we're at pdac in Toronto and we're sitting down with Mike C president and director of getchell gold welcome welcome nice to have you Mike it's nice to be here so we'll start off our conversation with you know sort of an overview of your company and bri... Read More

Questions & Answers

Q: What led to Getchell Gold's acquisition of the Fondaway Canyon gold project?

Getchell Gold was attracted to the project due to its potential, strong management team, and financial backers. The opportunity to acquire a major asset was also a compelling factor.

Q: What were the results of Getchell Gold's drilling in 2020 and 2021?

All five holes drilled in 2020 hit substantive zones of mineralization, leading to continued drilling in 2021. At the end of 2021, a high-grade gold zone with 10 grams over 25 meters near the surface was discovered.

Q: What is the importance of the preliminary economic assessment (PEA) for the Fondaway Canyon project?

The PEA is a crucial stage in the project's advancement towards development. It helps evaluate the economic viability and feasibility of the project, making it an important consideration for investors.

Q: What is the plan for Getchell Gold moving forward with the Fondaway Canyon project?

The company plans to continue drilling to further expand the mineralization and increase the resource. The goal is to upgrade the inferred category to indicated and expand the conceptual open pit. This will eventually lead to a pre-feasibility study and feasibility study.

Summary & Key Takeaways

  • Getchell Gold acquired the Fondaway Canyon gold project in Nevada in 2020 and has since made significant discoveries.

  • The project has a 40-year history of exploration and previous operators have found substantial gold, but Getchell Gold believes there is even more to be discovered.

  • Through extensive drilling and technical analysis, Getchell Gold has tripled the known mineralization and defined a sizable resource of 550,000 ounces in the indicated category and 1.5 million ounces in the inferred category.

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