In this presentation, Getchell Gold CEO Mike Sieb highlights the advanced-stage Fondaway Canyon Gold Project in Nevada, boasting over 2 million ounces of gold resources with impressive grades. He delves into the project’s potential for expansion, high-grade discoveries like 18 g/t gold over 10 meters, and its favorable location in a world-class mining district. Mike shares updates on their forthcoming economic assessment and ambitious 2024 drilling program aimed at uncovering even more gold within this untapped mineral corridor.
Mike Sieb, President of Getchell Gold joined us at the Online Investment Conference to present the story.
WATCH IT HERE: Growing a Major Gold Asset In Nevada – Getchell Gold
HEAD OFFICE
Suite 488 – 625 Howe Street
Vancouver, BC
Canada V6C2T6
T: (647)-249-4798
TF: (877)-684-0460
E: info@getchellgold.com
W: getchellgold.com
For more information, contact:
Fred Cooper, Investor Relations
Key Presentation Insights…
Getchell Gold Corp. is a premier gold and copper exploration company with a significant focus on Nevada. Their primary project is the advanced-stage, 100% owned Fondaway Canyon Gold Project, a past gold producer with a large mineral resource estimate.
Leadership
Mike Sieb is President of Getchell Gold and brings a wealth of experience and a passion for uncovering rich mineral deposits.
The Fondaway Canyon Gold Project
Located in Nevada, the world’s top-ranked mining jurisdiction, the Fondaway Canyon Gold Project has a storied past and a bright future. The project site features a dense road network and small-scale open pits, where gold was discovered in the 1970s. This led to the production of gold bars monthly for several years.
Strategic Location
Fondaway Canyon is located a short drive northeast of Reno, supported by their remote field office and core logging facility in Fallon. This prime location offers quick access, allowing them to reach the drill site from Reno in under two hours.
Exploration and Discoveries
Their focus has been on a 1 km by 1 km central area, forming a major structural nexus for gold emplacement. This area, along with a broader 2.5-mile-long corridor, remains highly underexplored, presenting significant potential for new discoveries.
Resource Estimates
Their third drill campaign has been a game-changer, doubling the historic resource to 550,000 ounces of gold in the indicated category and 1.5 million ounces of gold in the inferred category, all with very good gold grades for the region. Moreover, the resource remains open, with peripheral drill holes showing strong mineralization.
High-Grade Zones
Two major discoveries stand out:
- Colorado Southwest Zone: Notable for its impressive intercepts, including 1.4 grams of gold over 23.9 meters.
- North Fork Zone: Featuring high-grade mineralization, with intercepts like 3.8 grams per ton gold over 86 meters.
Both zones show significant potential for further resource expansion, with 100% success in all 26 drill holes.
Future Potential
The Fondaway Canyon Gold Project is positioned to become a major player in the Nevada gold mining scene. Their 2023 mineral resource estimate and open pit model highlight the substantial gold encapsulated within the pit, with a highly favorable geometry for open pit mining.
Expansion Plans
They have increased their claim package by 50% in 2023, ensuring they control the entire gold corridor at Fondaway Canyon. Future drilling aims to further delineate and expand the resource, targeting new areas of mineralization.
Conclusion
Fondaway Canyon offers exceptional attributes: high-grade mineralization, favorable mining geometry, and a vast potential for resource expansion. As they move towards their first preliminary economic assessment and an aggressive drill program, Getchell Gold Corp. remains committed to unlocking the full potential of this world-class project. They invite you to join them in their journey to uncover Nevada’s next major gold discovery.
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