Getchell aware of overlapping claim staking at Fondaway

Executive Summary

• Getchell Gold Corp. has identified third-party claim staking by NV Minerals Corp. on land overlapping its existing claims at the Fondaway Canyon gold project in Nevada.
• The company asserts that its claims remain in good standing and active status with the Bureau of Land Management (BLM) and Churchill County, Nevada, despite the overlapping filings.
• Getchell Gold characterizes the third-party actions as wrongful trespass and slander of title, stating it will vigorously protect its land position, including pursuing aggressive litigation if necessary.

Key Details

• Disputing Party: NV Minerals Corp., a private Nevada-registered corporation unrelated to Getchell Gold.
• Location: Fondaway Canyon gold project, Nevada.
• Nature of Dispute: Third-party located and filed mineral claims on land coincident with and overlapping certain of Getchell Gold's existing claims.
• Company Stance: Getchell Gold considers the third-party filings without merit, constituting wrongful trespass and potentially malicious slander of title.
• Claim Status: The Fondaway claim group has consistently met annual payment requirements and remained in good and active standing since location through to the present day, as verified by the U.S. Department of the Interior Bureau of Land Management (BLM) and Churchill County, Nevada.
• Project Background: The Fondaway Canyon project was first staked in 1956, is a past gold producer, and has a large mineral resource estimate with a recently published preliminary economic assessment.

Notable Quotes

• "The company asserts that the project's claims remain in good standing despite the actions of NV Minerals, which, in the company's opinion, are without merit, a wrongful trespass, potentially malicious and slander of title."
• "The company will vigorously protect its land position, including aggressive litigation if necessary."