Getchell Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

Getchell Gold Corp. is a Nevada-focused gold and copper exploration company. Getchell is primarily directing its efforts on its most advanced-stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate, and on the Star Project, a past high-grade copper, gold and silver small-scale producer. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and one earlier-stage exploration project, Hot Springs Peak (gold). Getchell has the option to acquire 100 per cent of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

Nevada

• 23 major gold mines
• Ranked 4th in the world for gold production
• 5.5 million oz of gold produced annually
• 152 million oz of gold produced in last 30 years valued at ~US$290 billion (at today’s gold price)
• Ranked as the #1 Mining Jurisdiction in the World (2020 Fraser Institute Annual Survey of Mining Companies)

Projects in Hand

Fondaway Canyon Gold Project

Fondaway Canyon is an advanced stage gold property located in the Churchill County, Nevada. The land package contains 170 unpatented lode claims. The property has a history of previous surface exploration and mining in the late 1980’s and early 1990’s.

• Drilling, to date, has returned substantive and additive gold results.
• The gold zones remain OPEN down dip and along strike and have yet to show any signs of weakening.
• Extensive mineralizing system with huge upside potential.
• The grades and thicknesses encountered rival many of the Company’s peers in a world class gold district.
• 2022 continues the major advancement of the Fondaway Canyon project.

Fondaway Canyon Accomplishments and Objectives

H1 2020

• Fondaway Canyon acquisition & new geologic model

H2 2020

• 2,000m drill program
• Major Discoveries: Colorado SW, North Fork & Juniper

2021

• 4,000m drill program
• Expand upon gold zones
• Identify significant high grade structures

2022 Objective

• 6,000 - 8,000m drill program
• Continue to expand gold zones
• New Resources estimate to be completed

2023 Objective

• Expand and further define Resources
• Preliminary Economic Assessment

Central Area Gold Zone (>1g/t Au Gold Domain)

2020 to 2022 Drill Programs

• 21 Holes Drilled, 7,800 m (24,000 ft)
• Targeting mineralization near surface and down-dip on two drill fences 300m apart
• Stepping out and significantly adding to the mineralization outlined from historic drilling
• Drilling continues to hit significant grades of mineralization over considerable widths
• Gold mineralization remains OPEN in most directions

Major Discoveries:

• Colorado SW
• North Fork

Colorado SW Zone

• Shallowly dipping, traced for 800m, OPEN
• Drilling continues to demonstrate strong continuity of the Colorado SW Gold Zone down dip from surface.
• Holes FCG21-08 and FCG21-11 intersected the Colorado SW mineralization over a thickness of 200 metres down hole

Juniper Zone

• High grade near surface shear vein; remains open in most directions
• FCG20-02 intersected 6.2 g/t Au over 21.9 m that included 20.4 g/t Au over 3.2 m

North Fork Gold Zone

• Holes FCG21-16 and FCG22-17 intersected the highest ‘grade x thickness’ concentration of gold in the 40+ year history at the Fondaway Canyon project
• Drill hole FCG21-16 and FCG22-17 reported significant intervals revealing strong internal high-grade gold consistency
• FCG21-16 intersected 21.1 g/t Au over 0.7m
• FCG22-17 intersected 19.0 g/t Au over 1.0m
• Drill Hole FCG22-18 (in August 2022) intersected multiple significant intervals of gold mineralization, encountered from 180.6 to 400 metres down hole
• 2.5 g/t Au over 43.4 m
• 2.0 g/t Au over 29.6 m
• 4.8 g/t Au over 12.1 m
• 1.4 g/t Au over 27.7 m
• 2.0 g/t Au over 22.1 m

Star High Grade Copper-Gold-Silver Project

Star Project comprises two main mineralized occurrences:

Star Point (Cu)

• Historic near surface, high-grade Copper oxide (tenorite) mining operation operated from the late 1940s through the mid-1950s
• Dump samples associated with the main workings, reported grades of 4.25, 3.00 and 2.35% Cu
• 2020 IP Geophysical Survey over the Star Point mine area delineated a high priority drill target directly underlying surface mineralization: Coincident Resistivity Low and Chargeability High indicative of sulphide mineralization

Star South (Cu-Au-Ag)

• Historic artisanal shallow mining area that contains at surface high grade Copper-Gold-Silver mineralization along northeast trending faults and along the thrust fault boundary at surface
• 2020 IP Geophysical Survey over the Star South area delineated a high priority drill target directly underlying surface mineralization: Coincident Resistivity Low and Chargeability High indicative of sulphide mineralization

2022 Exploration Program

• The Maiden drill program was initiated Summer 2022 with the priority geophysical targets underlying the Star Point Copper Mine and the high-grade Star South Cu-Au-Ag occurrence being drilled.

Dixie Comstock Property

• Situated 17 km NE of Fondaway Canyon on the eastern flank of the Stillwater range
• Low-sulfidation, epithermal gold system localized along a moderately dipping range-front normal fault
• A past gold producer with a historic resource
• Mineralization remains open down-dip and to the east

Management

Management and Directors

William Wagener, Chairman, Chief Executive Officer & Director

Mr. Wagener is the Managing Member of Minergy Group, LLC, a company that provides executive management and technical consulting services to private equity, exploration, development and mining companies.

Mike Sieb, President & Director

Mr. Sieb is a senior executive with over 30 years of strong corporate and project management experience in international mining and exploration across multiple commodities and jurisdictions. He was President of Brilliant Mining Corp. and International Lithium Corp. He is currently President of Explorex Resources Inc., and a director of Troubadour Resources Inc.

Scott Frostad, Vice President of Exploration

Mr. Frostad’s experience in the mining industry spans over three decades, with a strong background in mineral exploration with renowned gold mining companies such as Lac Minerals, Teck and Placer Dome.

Jim Mustard, Independent Director

Mr. Mustard is a seasoned capital markets and mining professional, bringing over 30 years of expertise in business and project development to the Company. He was VP of Investment Banking at PI Financial.

Jerry Bella, Independent Director

Mr. Jerry Bella is an independent financial consultant with over 40 years of experience assisting numerous private and publicly-traded companies.

News Update

On July 14, 2023, Getchell Gold Corp. has closed the second tranche of its previously announced non-brokered private placement offering by issuing 638,000 units at a price of 20 cents per unit for aggregate gross proceeds of $127,600. Together with the first tranche of the offering, the company issued an aggregate of 4,925,500 units for gross proceeds of $985,100. Each unit consists of one common share and one-half of one warrant of the company. Each warrant entitles the holder to acquire one additional common share at a price of 35 cents per share for a period of two years from the date of closing. The proceeds from the private placement will be used for exploration and development of the company's properties and general working capital.

On June 20, 2023, Getchell Gold Corp. has made significant additions to its corporate development team and strategic partnerships to enhance and manage its marketing initiatives. The company has engaged Blue Summit Ventures as its social media marketing partner, appointed Fairfax Partners as corporate development consultants, and welcomes Daniel Southan-Dwyer as vice-president of corporate development.

On June 16, 2023, Getchell Gold Corp. has closed the first tranche of its previously announced non-brokered private placement offering by issuing 4,287,500 units at a price of 20 cents per unit for aggregate gross proceeds of $857,500.

Each unit consists of one common share and one-half of one warrant of the company. Each warrant entitles the holder to acquire one additional common share at a price of 35 cents per share for a period of two years from the date of closing. The proceeds from the private placement will be used for exploration and development of the company's properties and general working capital.

On June 05, 2023, Getchell Gold Corp. is conducting a non-brokered private placement offering of up to 12.5 million units at a price of 20 cents per unit for aggregate gross proceeds of up to $2.5-million. Each unit consists of one common share and one-half warrant of the company. Each warrant entitles the holder to acquire one additional common share at a price of 35 cents for a period of two years from the date of closing. The proceeds from the private placement will be used for exploration and development at the company's properties and for general working capital.

On May 24, 2023, As part of the planned 2023 drill program to expand the mineral resource at the Fondaway Canyon gold project, Getchell Gold Corp. is applying for an additional 12 drill pads.

The Fondaway Canyon gold project is host to a large, 'at surface' Mineral Resource Estimate ("MRE") reporting: Inferred Mineral Resource of 38.3 million tonnes at an average grade of 1.23 g/t Au for1,509,100 ounces of gold; andIndicated Mineral Resource of 11.0 million tonnes at an average grade of 1.56 g/t Au for an additional 550,800 ounces of gold.

"After three years of drilling and delineating a sizeable Mineral Resource 600 metres down dip from surface and 600 metres along strike, the gold mineralization remains fully open for further expansion. Exploration of these ample and very evident priority targets requires the Company to permit more drill pads than previously anticipated based on the past three years' drilling success," states Mike Sieb, President. "The 2023 drill program and drill hole sequencing will be finalized after permit approval is received."

On April 19, 2023, Getchell Gold Corp. intends to amend the terms of 3,011,250 common share purchase warrants that were issued pursuant to a non-brokered private placement of units of the company that closed on May 14, 2021.

The company proposes to extend the expiry date of the warrants from May 14, 2023, to May 14, 2024, and amend the exercise price from 65 cents to 50 cents. All other terms and conditions of the warrants remain unchanged. None of these warrants have been exercised to date. Warrant holders are advised that replacement warrant certificates will not be issued and that the original warrant certificate must be presented to the company in order to exercise the warrants.

On February 01, 2023, Getchell Gold Corp. has filed the mineral resource estimate (MRE) technical report for the Fondaway Canyon project in Churchill county, Nevada. The MRE conceptualizes potential open-pit and underground mining. Mineral resource estimate key highlights:

• Large, at surface mineral resource estimate in a premier gold mining jurisdiction;
• Inferred mineral resource of 38.3 million tonnes (Mt) at an average grade of 1.23 grams per tonne (g/t) gold (Au) for 1,509,100 ounces (oz) of gold;
• Indicated mineral resource of 11 Mt at an average grade of 1.56 g/t Au for an additional 550,800 ounces of gold;
• Gold mineralization remains open for further expansion in all contributing zones;
• Technical report available on the company's website and on SEDAR.

"The quantity of gold, the grade, the exposure of the mineralization at surface, the robustness of the mineral resource estimate and the location in a supportive global gold mining epicentre, places the Fondaway Canyon project in a highly select and coveted group," states Mike Sieb, president, Getchell Gold. "Combined with a strong gold price and healthier forecast, the mineralization fully open for further expansion, and aggressive advancement planned, Getchell Gold Corp. is poised to realize significant upside this year."

On January 18, 2023, Getchell Gold Corp. has provided assay results for drill holes FCG22-26 to FCG22-28 that continue to demonstrate significant intervals of gold mineralization and have extended the Colorado SW zone toward the southeast in the Central area of the Fondaway Canyon project, Nevada.

• FCG22-23 intersected four significant gold mineralized intervals, including 3.4 grams per tonne Au over 44.6 metres and 1.8 g/t Au over 12.8 m.
• FCG22-25 intersected four significant gold mineralized intervals, including 3.4 g/t Au over 31.4 m and 1.3 g/t Au over 17.4 m.
• Both holes extend North Fork mineralization by 25 m to the north and 30 m up dip, respectively.
• North Fork zone remains open in all directions.
• Assay results from three holes (FCG22-26 to 28) drilled at the Colorado SW zone are still pending.
• FCG22-24, drilled two kilometres west on the Pediment, intersected two intervals indicative of gold mineralization peripheral to a main zone.

On December 30, 2022, Getchell Gold Corp. has released a message from Mike Sieb, president, reflecting on the continued success and advancement of the Fondaway Canyon gold project and a glance toward the increased activities planned for 2023.

On December 15, 2022, Getchell Gold Corp. has released its first mineral resources estimate (MRE) for the Fondaway Canyon project in Churchill county, Nevada. The MRE conceptualizes potential open-pit and underground mining. Mineral resources estimate key highlights:

• Significantly expands upon historical mineral resource;
• Indicated mineral resource of 11.0 million tonnes at an average grade of 1.56 grams per tonne (g/t) gold (Au) for 550,800 ounces of gold;
• Inferred mineral resource of 38.3 million tonnes at an average grade of 1.23 g/t Au for an additional 1,509,100 ounces of gold;
• Gold mineralization remains open for further expansion in all contributing zones;
• An act containing provisions for the release of the Stillwater WSA (Stillwater wilderness survey area) is moving through the current session of the United States Congress with a recent vote overwhelmingly passed by the U.S. House of Representatives and a vote pending in the U.S. Senate.

On August 17, 2022, Getchell Gold Corp. has provided the results for drill hole FCG22-18 that targeted the high-grade North Fork zone at the Fondaway Canyon gold project in Nevada.

On July 26, 2022, Getchell Gold Corp. has released the remaining results for drill hole FCG22-17 that targeted the high-grade North Fork zone at the Fondaway Canyon gold project in Nevada. Getchell intersected shallow high-grade gold at North Fork zone returning 17.7 g/t Au over 9.9 m within a broader 120-metre mineralized interval.

"Drill hole FCG22-17 reaffirms the high-grade, high-concentration, and broad-expanse of gold mineralization at the North Fork zone," states Mike Sieb, President, Getchell Gold. "Every drill hole continues to contribute to our understanding and modelling, as well as continues to push the boundaries of the mineralizing system at Fondaway Canyon."

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