How a Nevada-Based Gold Company Intersected the Highest X Thickness in Project History | 2022-02-17 | Investment News

Nevada is one of the hottest regions for gold mining and exploration, with the state producing an estimated 4.53 million ounces in 2020. With that in mind, Nevada is also responsible for 83 % of gold production in the United States alone, which helped position the country. as the fourth largest gold producing country in the world.

Companies like Getchell Gold Corp. (CSE: GTC, OTCQB: GGLDF, Forum) seek to contribute to this growth through its Fondaway Canyon Gold project in Nevada.

On February 15, the company announced drill results for hole FCG21-16 in the project’s North Fork area, highlighting an intersection of 6.3 grams per tonne (g/t) gold over 50.7 meters – which is the highest grade in the company. x thickness of concentrated gold throughout the history of drilling on the property.

Getchell Gold drills highest grade x thickness at project

In a press release, the company noted that results from hole FCG21-16 included high-grade gold mineralization grading 10.4 g/t gold over 25 meters in a wider zone grading 6.3 g/t gold over 50.7 meters. Other highlights include gold intervals intersecting 3.1 g/t gold over 33.5 meters, which is a previously unknown gold lower zone, and 2.1 g/t gold over 14 .1 meters, which is a newly modeled near-surface lens.

“Drill hole FGC21-16, the final hole of the 2021 drill program, exceeded the results of any hole drilled in the project’s more than forty-year history of gold exploration and mining” , Mike Sieb, president of Getchell Gold, said in a press release. “The high concentration of gold is a clear indication of the intensity of the gold mineralization system and increases Fondaway Canyon’s upside potential.” says Mike Sieb, President, Getchell Gold Corp.

FCG21-16 sits on the canyon floor at the junction of Fondaway Canyon and the North Fork Branch. The high-grade interval at the drill hole was intersected shallower than the targeted depth of the North Fork zone and matches an upper lens that was indicated in hole FCG21-09. Further drilling will be required to delineate the new area and will be a top priority in the company’s 2022 drilling program.

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The company said drill hole FCG2-16 is an example of the large system of mineralization taking place at Fondaway Canyon, which has been traced 800 meters down from surface and remains open strike and at depth.

Sieb added that the company is looking forward to continuing its track record and success in 2022 and has two secure drill rigs that will help Getchell Gold continue to advance the Fondaway Canyon gold project.

“We have had phenomenal success with 15 consecutive holes striking substantial gold mineralization in the central area of ​​Fondaway Canyon, and the final hole of the 2021 drill program added an exclamation mark by signaling the elevated gold concentration the highest and most continuous to date. These results provide an impressive starting point for the 2022 drilling season, which will include a more aggressive advance at Fondaway Canyon with the services of an additional rig, and the program of highly anticipated inaugural drilling at the high-grade Star Copper-Gold-Silver project.”

Getchell Gold in the news

Earlier in February, Getchell Gold announced that it was continuing to expand the Colorado SW Gold Zone, intersecting 1.2 g/t gold over 33.6 meters and 1.9 g/t gold over 26. 4 meters at the Fondaway Canyon Gold project.

Highlights included hole FCG21-16 intersecting several significant gold intersections in the Colorado SW zone over a hold distance of 87 meters, which also included 1.6 g/t gold over 7.7 meters and 3.3 g /t gold over 10.6 meters, including 17.6 g/t gold over 1.6 meters well above the Colorado SW Zone and 1.5 g/t gold over 12.6 meters under the Colorado SW zone.

According to the release, the Colorado SW zone was first discovered in 2020 and has now been tested by the company with 10 holes confirming its continuity over a 150 meter wide section along a 500 meter downstream reach. -dip.

The investment corner

Getchell Gold has already had a busy start to the year with a plethora of news coming from its Fondaway Canyon gold project.

Additionally, the drill results at FCG21-16 – which are shown above are the Company’s highest grade x thickness of concentrated gold in the history of drilling on the property – are important to Getchell Gold and investors. potential looking for a business with a positive edge.

That said, as Getchell Gold continues to advance the Fondaway Canyon Gold project through 2022 and beyond, investors can expect a steady stream of news in the months and year ahead.

FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.

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