Significant Gold Discovery at Fondaway Canyon
Getchell Gold Corp. (CSE: GTCH, OTCQB: GGLDF, FWB: GGA1) has made a remarkable high-grade gold discovery at their Fondaway Canyon project. The latest drilling results reveal that drill hole FCG25-36 has uncovered a gold grade of 5.8 g/t Au over a substantial length of 19.0 meters. This discovery occurs 35 meters beyond the limits of the current mineral resource pit shell, suggesting open potential for further development.
Key Highlights of Drill Hole FCG25-36
The results from drill hole FCG25-36 highlight the ongoing potential of the mineralization at Fondaway Canyon. Significant features of this drilling include:
Extension of Gold Mineralization
The drilling results extend the known strike of gold mineralization an additional 70 meters to the northwest. This extension emphasizes the continuous nature of the mineralization and the possibility for further resource growth.
High-Grade Intervals
In addition to the main high-grade find, the results indicate additional intervals with grades of 1.4 g/t Au over 23.6 meters and 2.2 g/t Au over 11.2 meters, which further supports the continuity of gold-bearing rocks in the Colorado SW zone.
Insights from the President
Mike Sieb, President of Getchell Gold Corp., expressed his excitement about the recent findings. He noted that the results are overwhelmingly positive, indicating that not only has the mineralization continued along the strike but also that new high-grade zones have been discovered beyond previous drilling areas. He is optimistic about the open potential for future exploration and resource accumulation in the area.
Drill Hole Details
The FCG25-36 drill hole was strategically positioned on the north slope to test an area that had not been drilled before. It marks the most northwestern point explored to date, which is crucial for understanding the distribution of gold mineralization in this underexplored terrain.
Additional Discoveries
The drill hole also revealed additional noteworthy findings, including the discovery of high-grade gold zones, including 12.9 g/t Au over 6.5 meters. This underscores the Colorado SW zone's potential, with gold mineralization remaining open for further exploration and expansion.
Limestone and Marble Significance
At Fondaway Canyon, the geological formations that host gold mineralization consist predominantly of bedded siltstone, shale, and mudstone. Notably, a block of limestone and marble adjacent to the Colorado Pit has come into focus as a new point of interest for gold exploration. Previous drilling had primarily focused southeast of these formations, making the northwest extension a vital area for future assessment.
Encouraging Potential for Expansion
Findings from drill hole FCG25-36 suggest that limestone and marble formations might serve as important controls for gold localization in the area. This opens up possibilities for extending mineral resources in directions not currently modeled, providing robust encouragement for upcoming drilling campaigns.
Future Directions
Given the high grades encountered during this drilling phase and the promising results extending beyond previous drilling limits, Getchell Gold Corp. plans immediate follow-up drilling in this attractive region. The data-aided strategic decisions to drill deeper and further along the identified gold structures will guide upcoming exploration activities.
About Getchell Gold Corp.
Getchell Gold Corp. is dedicated to exploring gold resources primarily in Nevada. The company retains a strong focus on advancing its Fondaway Canyon project, an area with a substantial mineral resource estimate and a recently completed Preliminary Economic Assessment. The company aims to build on its success by conducting further exploration to enhance the overall value and potential of its gold assets.
Frequently Asked Questions
What are the key findings from drill hole FCG25-36?
The key findings include a significant gold discovery grading 5.8 g/t Au over 19.0 meters and additional intervals with grades of 1.4 g/t Au over 23.6 meters and 2.2 g/t Au over 11.2 meters.
What is the importance of the limestone and marble found at the site?
The limestone and marble formations may play a crucial role in controlling the localization of gold mineralization, providing new areas for exploration and potentially expanding mineral resources.
How does Getchell Gold Corp. plan to proceed after these findings?
Getchell plans to continue drilling in the area to explore the newly discovered high-grade zones and assess their full potential.
Is there a follow-up plan for drilling at Fondaway Canyon?
Yes, there is a planned follow-up drilling campaign to investigate further the successful findings from the current drilling phase.
What are the trading symbols for Getchell Gold Corp.?
Getchell Gold Corp. trades under the symbols CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1.
