Getchell drills 50 m of 1.9 g/t Au at Fondaway Canyon

Executive Summary

• Getchell Gold Corp. reported assay results from two drill holes (FCG25-31 and FCG25-32) at its Fondaway Canyon project in Nevada, confirming the down-dip extension of the Colorado SW gold zone.
• Hole FCG25-32 extended the zone 60 to 80 meters down-dip and ended in mineralization, indicating significant potential for further expansion beyond the current resource estimate pit shell.
• The company is currently executing a 10-hole, 3,000-meter drill program aimed at expanding the mineral resource and enhancing the project's value, with completion expected by the end of October.

Key Details

• Hole FCG25-31:
  • Extended the Colorado SW zone 40 meters down-dip and 40 meters along strike.
  • Intersected two closely spaced intervals: 1.3 g/t Au over 45.4 m and 1.1 g/t Au over 40.3 m.
  • Intersected a newly developing upper lens grading 1.9 g/t Au over 50 m at a shallower depth than the main zone.
  • Extended the zone 25 to 90 meters beyond the 2024 mineral resource estimate pit shell.
• Hole FCG25-32:
  • Intersected 1.1 g/t Au over 90.7 m.
  • Extended the Colorado SW zone 60 to 80 meters down-dip to the southwest.
  • Extended the gold mineralization 75 to 170 meters beyond the mineral resource estimate pit shell model.
  • Hole ended in mineralization (stopped prematurely due to ground conditions); confidence in continuation based on historical hole FC17-05 (2.5 g/t Au over 25.8 m) located 200 meters distant on trend.
• Project Status & Future Plans:
  • The Colorado SW zone has been traced for 500 meters on section and remains open for expansion up-dip, down-dip, and along strike.
  • An initial 10-hole, 3,000-meter (10,000-foot) drill program is underway, targeting completion by the end of October.
  • The program aims to extend mineralization along strike and dip to expand the mineral resource and enlarge the open-pit model.
  • Drilling has moved to the West pit to target the mineralized horizon between the Colorado SW and North Fork zones, an area with limited historical drilling but situated within the current resource pit shell.
• Qualified Person: Patrick McLaughlin, PGeo, reviewed and approved the scientific and technical content.

Notable Quotes

• "We have chalked up two more drill holes that continue to produce major gold intercepts at Fondaway Canyon. The consistency and breadth of the gold mineralization is impressive as is the frequency of additional discoveries," stated Mike Sieb, president of Getchell Gold.