Getchell Gold Corp.'s 2024 Field Work Delivers a 7% Increase in the Bulk Density of the Mineralized Host Rock at the Fondaway Canyon Gold Project, Nevada

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VANCOUVER, BC, June 6, 2024 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce the completion of the bulk density ("BD") field program that forms part of an updated Mineral Resource Estimate ("Updated MRE") at the Fondaway Canyon gold project in Nevada.

Key Highlights

  • 7% Increase to the density of the mineralized host rock;

  • Bulk density is one of the main factors utilized in mineral resource estimates;

  • The Updated MRE for the Fondaway Canyon gold project is in progress; and

  • 8 drill holes with notable gold intervals, not previously incorporated, will augment the Updated MRE;

Bulk Density Program

The Company published its first Mineral Resource Estimate* ("2023 MRE") for the Fondaway Canyon gold project (Company news release dated February 1, 2023), reporting:

  • Inferred Mineral Resource of 38.3 million tonnes at an average grade of 1.23 g/t Au for
    1,509,100 ounces of gold; and

  • Indicated 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;

As there was an insufficient population of bulk density samples previously collected, a default density of 2.56 g/cm3 was assigned to the rock hosting the mineralized zones in the 2023 MRE. In order to establish a more representative value to be utilized in the Updated MRE, a field program was initiated in April 2024 to measure a statistically significant population of drill core.

A total of 1,382 sample measurements were recorded from nine holes drilled by the Company between 2020 and 2022, well representative of the lithologies, alteration, and mineralization contained within the mineral resource. Validating the field  measurements, a subset of 121 samples was sent to Bureau Veritas analytical laboratory in Sparks, Nevada for independent confirmation and to provide a number of measurements using a wax coating methodology.

A density of 2.74 g/cm3, representing a 7% increase, was derived from the BD program and assigned to the rock hosting the  mineralized zones. This value is a direct input factor in a mineral resource estimate and may potentially represent a commensurate increase in tonnes given all other factors and inputs remain unchanged.

"The positive result of the bulk density sampling program is another one in a long series of positive results produced by Getchell Gold Corp. at Fondaway Canyon, and one that continues to increase the attractiveness and potential of the project." states Mike Sieb, President of the Company.