Getchell Gold boosts mineral resources at Fondaway Canyon, NV

Getchell Gold Corp. released an Updated Mineral Resource Estimate for the Fondaway Canyon gold project in Churchill County, Nevada, on September 11, 2024. This update reflects a significant increase in both Indicated and Inferred mineral resources, with the Indicated resources now totaling 648,000 ounces of gold and Inferred resources reaching 1,670,100 ounces. The increases are attributed to the addition of eight new drill holes completed in 2022, which intersected substantial gold mineralization. The updated estimate also benefits from a 7% increase in the bulk density of the mineralized host rock, derived from extensive fieldwork that included 1,382 sample measurements. This data was validated by a subset of samples analyzed at a reputable laboratory in Sparks, Nevada. The results indicate that gold mineralization begins at the surface and remains open for further exploration, suggesting potential for future resource expansion. The effective date for the mineral resource estimate is September 1, 2024, and it is based on a comprehensive drill-hole database. The company has emphasized that there are no known issues that could materially affect the mineral resource estimate, providing a positive outlook for the project. As the mining industry continues to evolve, the results from this updated estimate position Getchell Gold Corp. favorably for future developments, with the potential for converting these resources into reserves as further exploration and analysis are conducted.