Getchell Gold Corp. Plans to Upgrade Mineral Resource Estimate at Fondaway Canyon Gold Project, Nevada

Getchell Gold Corp. Plans to Upgrade Mineral Resource Estimate at Fondaway Canyon Gold Project, Nevada

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) (" Getchell " or the " Company ") is pleased to announce plans to upgrade the Mineral Resource Estimate at the Fondaway Canyon gold project in Nevada .

Upgrading Mineral Resource Estimate

The Company published its first Mineral Resource Estimate (" 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 ;

Of the 26 holes drilled by the Company in the Central Area of Fondaway Canyon since 2020, only 18 of those holes were incorporated into the MRE. The results of the residual 8 drill holes were received after the cut off date for results to be included into the MRE. All eight (8) of these drill holes, FCG22-20 to FCG22-28, excluding FCG22-24 that drilled a separate target area, reported significant intervals of gold mineralization** with the majority extending the gold mineralization beyond the extents delineated for the MRE:

Table 1: Gold Intervals not Included in MRE - Colorado SW Zone


Drill Hole

Au

Interval

From

To

Extending



(g/t)

(m)

(m)

(m)

Mineralization


FCG22-20

1.7

56.6

160.4

217.0

35m NE up dip


FCG22-21

0.9

74.3

191.7

266.0

40m NW along strike


FCG22-26

1.8

29.4

108.3

137.7

40m SE along strike



1.1

83.8

229.8

313.6



FCG22-27

1.2

29.9

143.1

173.0

In-Fill***


FCG22-28

0.8

98.0

182.5

280.5

40m SE along strike



1.3

58.0

293.9

351.9



*** Drill hole FCG22-27 lost part of the way through target zone


Table 2: Gold Intervals not Included in MRE - North Fork Zone

Drill Hole

Au

Interval

From

To

Extending


(g/t)

(m)

(m)

(m)

Mineralization

FCG22-22

3.0

59.3

159.0

218.3

50m SE along strike

including

8.8

8.1

172.0

180.1



2.4

21.7

238.2

259.9


including

7.1

5.3

239.4

244.7



0.8

41.6

290.7

332.3



1.1

25.8

370.8

396.6


FCG22-23

1.8

12.8

65.1

77.9



3.4

44.6

164.1

211.5

In-Fill

FCG22-25

3.4

31.4

254.4

285.8

30m NE up dip

including

14.1

2.2

254.7

256.9












** Drill results published in Company news releases dated November 2 and 15, 2022, and January 10 and 18, 2023.

Figure 1: Fondaway Canyon Gold Project – Drill Hole Location Plan Map of holes not included in the MRE (CNW Group/Getchell Gold Corp.)

A default specific density of 2.56 g/cm 3 was assigned to the rock hosting the mineralized zones and utilized in the estimation of the mineral resources. A default value was employed as there were insufficient specific density samples previously taken to derive a representative value. The default value is considered a conservative estimate and following a field program to measure a statistically significant population of drill core, there is the potential to increase the specific density of the host rock, thereby proportionately increasing the amount of gold estimated in the mineralized rock.

The Company is planning to initiate a specific density sampling program at the start of 2024 with those results to be incorporated into the updated MRE.

Scott Frostad , P.Geo., is the Qualified Person (as defined in National Instrument 43-101) who reviewed and approved the content and scientific and technical information in the news release.

*Notes on the Mineral Resource Estimate:

1.

Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. There has been insufficient exploration to define the Inferred Resource as Indicated or Measured Mineral Resources, however, it is reasonable to expect that the majority of the Inferred Mineral Resource could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council (CIM 2014 and 2019).

2.

The effective date of the Mineral Resource Estimate is December 12, 2022, and a technical report on the Fondaway Canyon project titled "Technical Report Mineral Resource Estimate Fondaway Canyon Project, Nevada, USA" was filed by the Company on SEDAR+ on February 1, 2023.

3.

The independent and qualified person for the MRE, as defined by National Instrument 43-101, is Michael Dufresne, P.Geo., from APEX Geoscience Ltd.

4.

The Mineral Resource Estimate is underpinned by data from 518 reverse circulation and diamond drillholes totalling 52,395m of drilling that intersected the mineralized domains.

Supplemental Financing Amendment

Further to the Company's announcement dated November 30, 2023 , and due to elevated demand, the amount of the non-brokered private placement supplemental offering (the " Financing ") has been increased, while all other terms remain unchanged.

The Financing will consist of up to 2,500,000 units (each a " Unit ") at a price of $0.10 per Unit, for gross proceeds of up to $250,000 . Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.15 per share for a period of two years from the date of closing.

This Financing forms a supplemental part to an ongoing Debenture Financing targeting a minimum of $2.5 million . Details and terms of the Debenture Financing can be found in the Company announcement dated November 27, 2023 .

The proceeds from the Financing will be used to conduct exploration work on the Fondaway Canyon gold project and general working capital. In connection with the Financing, the Company may pay finder's fees.

Closing of the Financing is subject to receipt of all necessary corporate and regulatory approvals, including acceptance by the Canadian Securities Exchange. The securities issued pursuant to the Financing will be subject to a statutory four-month hold period in accordance with applicable securities laws.

The securities offered in the Financing have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

Corporate Update

The Company has received the resignation of John Proust as a consultant to the Company. The Company appreciates his contributions and wishes him well in his other endeavours.

About Getchell Gold Corp.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock , a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada .

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com .

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the timing and results, albeit an increase or decrease, of the specific density characterization program or of an updated Mineral Resource Estimate at the Fondaway Canyon gold project; and the launching and completion of the Financing, the terms of the Financing, the issuance and vesting of Warrants, payment of finder's fees in connection with the Financing, receipt of all applicable regulatory approval of the Financing, and the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Getchell Gold Corp. logo (CNW Group/Getchell Gold Corp.)

SOURCE Getchell Gold Corp.

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Getchell Gold Corp. Announces Closing of Second Tranche of Debenture Financing

Getchell Gold Corp. Announces Closing of Second Tranche of Debenture Financing

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce the successful closure of the second tranche of its previously announced debenture financing initiative (the " Debenture Financing "), raising an additional $1,003,998 . As part of the Debenture Financing, the Company issued 10,039,980 warrants (each a " Debenture Warrant "), each allowing the holder to purchase a common share of the Company at $0.10 per share until January 26, 2027 with 50% of the Debenture Warrants vested on closing and the remaining 50% will vest and be exercisable on March 26, 2025 . Between both tranches, the Company issued non-convertible debentures in the aggregate principal amount of $2,921,418 and an aggregate of 29,214,180 Debenture Warrants.

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Getchell Gold Corp. Announces Closing of Second and Final Tranche of Equity Financing

Getchell Gold Corp. Announces Closing of Second and Final Tranche of Equity Financing

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement of units (the " Unit Financing "). Between both tranches, the Company issued a total of 5,000,000 units (the " Units ") for gross proceeds of $500,000 . Each Unit is comprised of one common share and one common share purchase warrant (a " Unit Warrant "). Each Unit Warrant entitles the holder to acquire an additional common share at a price of $0.15 per common share for two years from the date of issuance.

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Getchell Gold Corp to Attend the 2024 Vancouver Resource Investment Conference

Getchell Gold Corp to Attend the 2024 Vancouver Resource Investment Conference

  • Exhibiting at Booth 808
  • Live Corporate Presentation: 11:10 - 11:20am - Sunday, Jan 21 st , Workshop 3

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce its participation in the upcoming 2024 Vancouver Resource Investment Conference (the "VRIC") in Vancouver on January 21-22, 2024 .

Getchell Gold Corp. logo (CNW Group/Getchell Gold Corp.)

The VRIC, a key event in the junior mining sector for 25 years, draws over 5,000 investors annually. It will feature a marketplace with more than 300 investment opportunities in the mining industry, covering the spectrum from early-stage exploration to advanced producing mines.

This conference presents a unique opportunity for Getchell to highlight its latest achievements at the Fondaway Canyon Gold Project and to outline its strategies for 2024. The conference schedule includes tailored meetings that match investors with appropriate projects, supported by expert analyses and updates on the latest trends in the mining sector.

Investors keen on attending the VRIC can register here: https://cambridgehouse.com/vancouver-resource-investment-conference . Getchell invites attendees to visit its booth where they can directly interact with the Company's leadership team and gain insights into Getchell's recent progress and future plans.

About Getchell Gold Corp.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate.  Complementing Getchell's asset portfolio is Dixie Comstock , a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au).  Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada .

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com .

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation.  Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur.  Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information.  Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.  The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Getchell Gold Corp.

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Getchell Gold Corp. Announces Raising Sufficient Funds to Make the Final Earn-In Option Payment to Acquire 100% of the Fondaway Canyon Gold Project, NV

Getchell Gold Corp. Announces Raising Sufficient Funds to Make the Final Earn-In Option Payment to Acquire 100% of the Fondaway Canyon Gold Project, NV

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that the Company has received sufficient funds through its ongoing debenture financing (the " Debenture Financing ") to execute on the final USD 1.6 million earn-in option payment to acquire a 100% interest in the Fondaway Canyon and Dixie Comstock gold properties located in Nevada .

Getchell Gold Corp. logo (CNW Group/Getchell Gold Corp.)

"Completing the acquisition of the Fondaway Canyon gold project will undoubtably be a milestone event, marking a key inflection point in the trajectory of the Company." Bill Wagener , Chairman and CEO, commented. "A 100% acquisition of a large developing open-ended at-surface gold deposit in Nevada will deliver a major impetus for the Company going into the new year, especially as we head into a highly supportive and burgeoning gold market."

The Debenture Financing, as announced on Nov. 27, 2023 , remains ongoing and open for subscription to maximum proceeds of CA$5 million. Proceeds received in excess of US$1.6 million will be used to conduct further exploration work on the Fondaway Canyon gold project and for general working capital.

Under the terms of the option agreement (the " Agreement ") with Canagold Resources Ltd. (" Canagold ") executed on January 3, 2020 , the Company has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock , properties by paying Canagold a total of US$2 million in cash and US$2 million in the Company's shares staged over 4 years. The Company also has work commitments totaling US$1.45 million over the four years which have been fully satisfied.

In the preceding three anniversary payments, the Company has paid a total of US$400,000 in cash and US$1 million in the Company's shares with the outstanding balance, required to complete the acquisition, of US$1.6 million in cash and US$1 million in the Company's shares due on or before the fourth anniversary date.

The Company is preparing the final cash payment and share issuance to be fulfilled prior to year-end.

Fondaway Canyon Gold Project

Getchell Gold Corp. is delineating a potential Tier-1 gold resource at its flagship Fondaway Canyon gold project in Nevada, USA .

Following three consecutive successful drilling programs, the Company has effectively doubled the size of the historic resource, firmly placing Fondaway Canyon amongst the foremost developing projects in a world class mining jurisdiction. The Company recently published its first Mineral Resource Estimate (" MRE ") at Fondaway Canyon (Company news release dated February 1, 2023 ):

  • Gold mineralization is at and near surface supporting an Open Pit mine model;
  • 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 ;
  • 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 ;
  • Strong gold mineralization in the most peripheral drill holes leaves the mineral resources open in most directions for further expansion and indicates a substantially larger body of mineralization than delineated to date (Company news release dated August 9, 2023 ); and
  • Fully permitted drill program designed to expand the mineral resources and upgrade Inferred Resources to Indicated.

Getchell Gold Corp. is well positioned to continue expanding the Mineral Resource Estimate and advancing towards a Preliminary Economic Assessment.

Notes on the Mineral Resource Estimate:

  1. Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. There has been insufficient exploration to define the Inferred Resource as Indicated or Measured Mineral Resources, however, it is reasonable to expect that the majority of the Inferred Mineral Resource could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council (CIM 2014 and 2019).
  2. The effective date of the Mineral Resource Estimate is December 12, 2022 , and a technical report on the Fondaway Canyon project titled "Technical Report Mineral Resource Estimate Fondaway Canyon Project, Nevada, USA " was filed by the Company on SEDAR+ on February 1, 2023 .
  3. The independent and qualified person for the MRE, as defined by National Instrument 43-101, is Michael Dufresne , P.Geo., from APEX Geoscience Ltd.
Supplemental Financing Increased

Further to the Company's announcement dated Nov. 30 and Dec. 8, 2023 , and due to elevated demand, the amount of the Financing has been increased, while all other terms remain unchanged. The Financing will consist of up to 5 million units at a price of 10 cents per unit, for gross proceeds of up to $500,000 .

Closing of the Financing is subject to receipt of all necessary corporate and regulatory approvals, including acceptance by the Canadian Securities Exchange. The securities issued pursuant to the financing will be subject to a statutory four-month hold period in accordance with applicable securities laws.

The securities offered in the Financing and the Debenture Financing have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About Getchell Gold Corp.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock , a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada .

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com .

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the launching and completion of the Debenture Financing and Financing, the terms of the Debenture Financing and Financing, the issuance and vesting of Warrants, payment of finder's fees in connection with the Debenture Financing and Financing, receipt of all applicable regulatory approval of the Debenture Financing and Financing, the use of proceeds, and timing for the amended proxy materials for the Annual General and Special Meeting. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Getchell Gold Corp.

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Getchell Gold Corp. Increases Fondaway Canyon Project Claim Area by 50%

Getchell Gold Corp. Increases Fondaway Canyon Project Claim Area by 50%

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) (" Getchell " or the " Company ") is pleased to announce that the Company has increased the size of the Fondaway Canyon project, its flagship advanced exploration stage gold property, by 50% through staking.

Figure 1: Fondaway Canyon Gold Project – Claim Boundary Map (CNW Group/Getchell Gold Corp.)

The Company has staked an additional 75 claims, for 600 hectares (1,480 acres), bringing the total claim group to 246 claims, for 1,785 hectares (4,412 acres). The extended claim package now spans 7 kms (4.5 miles) East-West and 3 kms (2 miles) North-South (Fig. 1).

The expanded claim boundary provides Getchell:

  1. Sole control of the entire Fondaway Canyon gold corridor and mineralizing system;
  2. Room to significantly expand the mineral resource and conceptual open pits; and
  3. Ample area to support the infrastructure required for future potential development.
Fondaway Canyon Gold Project

Getchell Gold Corp. is delineating a potential Tier-1 gold resource at its flagship Fondaway Canyon gold project located in Nevada, USA .

Following three consecutive successful drilling programs, the Company has effectively doubled the size of the historic resource, firmly placing Fondaway Canyon amongst the foremost developing projects in a world-class mining jurisdiction. The Company recently published its first Mineral Resource Estimate (" MRE ") at Fondaway Canyon (Company news release dated February 1, 2023 ), which highlighted:

  • Gold mineralization is at and near surface supporting an Open Pit mine model;
  • 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 ;
  • 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 ;
  • Strong gold mineralization in the most peripheral drill holes leaves the mineral resources open in most directions for further expansion and indicates a substantially larger body of mineralization than delineated to date (Company news release dated August 9, 2023 ); and
  • Fully permitted drill program designed to expand the mineral resources and upgrade Inferred Resources to Indicated.

Getchell Gold Corp. is well-positioned to continue expanding the Mineral Resource Estimate and advancing towards a Preliminary Economic Assessment.

Scott Frostad , P.Geo., is the Qualified Person (as defined in National Instrument 43-101) who reviewed and approved the content and scientific and technical information in the news release.

Notes on the Mineral Resource Estimate:

  1. Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. There has been insufficient exploration to define the Inferred Resource as Indicated or Measured Mineral Resources, however, it is reasonable to expect that the majority of the Inferred Mineral Resource could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council (CIM 2014 and 2019).
  2. The effective date of the Mineral Resource Estimate is December 12, 2022 , and a technical report on the Fondaway Canyon project titled "Technical Report Mineral Resource Estimate Fondaway Canyon Project, Nevada, USA " was filed by the Company on SEDAR+ on February 1, 2023 .
  3. The independent and qualified person for the MRE, as defined by National Instrument 43-101, is Michael Dufresne , P.Geo., from APEX Geoscience Ltd.
Supplemental Financing Amendment

Further to the Company's announcement dated November 27, 2023 , the warrant terms of the non-brokered private placement supplemental offering (the " Financing ") have been revised while all other terms remain unchanged.

The Financing will consist of up to 1,500,000 units (each a " Unit ") at a price of $0.10 per Unit, for gross proceeds of up to $150,000 . Each Unit will consist of one common share of the Company and one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.15 per share for a period of two years from the date of closing.

The proceeds from the Financing will be used to conduct exploration work on the Fondaway Canyon gold project and general working capital. In connection with the Financing, the Company may pay finder's fees.

Closing of the Financing is subject to receipt of all necessary corporate and regulatory approvals, including acceptance by the Canadian Securities Exchange. The securities issued pursuant to the Financing will be subject to a statutory four-month hold period in accordance with applicable securities laws.

The securities offered in the Financing have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About Getchell Gold Corp.

The Company is a Nevada focused gold and copper exploration company trading on the (CSE: GTCH), (OTCQB: GGLDF), and (FWB: GGA1). Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock , a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada .

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the launching and completion of the Financing, the terms of the Financing, the issuance and vesting of Warrants, payment of finder's fees in connection with the Financing, receipt of all applicable regulatory approval of the Financing, and the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Getchell Gold Corp. logo (CNW Group/Getchell Gold Corp.)

SOURCE Getchell Gold Corp.

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Sylla Gold Exercises Option Agreement to Acquire 100% of the Deguefarakole Licence at Its Niaouleni Gold Project

Sylla Gold Exercises Option Agreement to Acquire 100% of the Deguefarakole Licence at Its Niaouleni Gold Project

Sylla Gold Corp. (TSXV: SYG) (OTCQB: SYGCF) ("Sylla" or the "Company") is pleased to announce that it has exercised its option to acquire a 100% interest in the Deguefarakole exploration licence at its Niaouleni Gold Project by issuing 3,000,000 Common Shares of the Company and amending the Option Agreement dated September 15, 2021 with Niaouleni Gold Inc. (the "Optionor") and Niaouleni Gold Mali SARL. The Deguefarakole licence is one of four exploration licences that comprise the Company's 17,200 sq. km. Niaouleni Gold Project located in the Republic of Mali.

The Niaouleni Gold Project is located in the Sanankoro-Kobada-Niaouleni Gold Corridor and all of the Company's exploration work to date has been completed within the Deguefarakole licence area which represents 9,200 hectares (Figure 1). Between August of 2022 and March 2023, the Company completed 76 reverse circulation drill holes on the Deguefarakole licence encountering anomalous gold grades over significant widths in 66 of 76 RC holes drilled on the property (see Sylla press releases dated August 29, 2022, September 13, 2022, and April 12, 2023). Drilling was mainly focused around the Niaouleni South Prospect. The Company's drilling activities extended the strike length at Niaouleni South to 700 m and remains open to the north, south and at depth. The Niaouleni South prospect sits approximately 6 km along strike from the Kobada gold deposit.

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Prismo Metals Inc. Invites Shareholders and Investment Community to visit them at Booth 3010 at PDAC 2024 in Toronto, March 3-6

Prismo Metals Inc. Invites Shareholders and Investment Community to visit them at Booth 3010 at PDAC 2024 in Toronto, March 3-6

Visit Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) at Booth #3010 at the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.

About Prismo Metals Inc.

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FORTUNE BAY ANNOUNCES ADDITIONAL URANIUM STAKING AND PROVIDES UPDATE FOR MURMAC AND STRIKE URANIUM PROJECTS

FORTUNE BAY ANNOUNCES ADDITIONAL URANIUM STAKING AND PROVIDES UPDATE FOR MURMAC AND STRIKE URANIUM PROJECTS

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the acquisition of two additional uranium projects through staking on the north-central margin of the Athabasca Basin, in proximity to the Company's recently announced Spruce Pine and Aspen Uranium Projects (Figure 1).

Gareth Garlick , Technical Director for Fortune Bay, commented "The acquisition of the Birch and Fir projects adds to our growing uranium portfolio of newly acquired, 100% owned projects on the north-central margin of the Athabasca Basin. This extensive portfolio now totals five new uranium projects covering over 40,000 hectares and provides Fortune Bay with further opportunity to create value through exploration and/or transactional success. The Birch and Fir projects have known uranium endowment with historical occurrences of up to 55.1% U 3 O 8 , in addition to Rare Earth Element potential with historical outcrop grades of up to 2.4% Total Rare Earth Elements."

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Element79 Filing of Annual Financial Statements for Year Ended August 31, 2023

Element79 Filing of Annual Financial Statements for Year Ended August 31, 2023

(TheNewswire)

Element79 Gold Corp.

Vancouver TheNewswire February 20, 2024 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") Vancouver is pleased to announce that today it has filed its annual financial statements in respect of its year ended August 31, 2023, its management discussion and analysis relating to its annual financial statements, and the CEO and CFO certifications (collectively, the " Required Documents "). The Filings are available on SEDAR+ as well as the CSE website.

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Prismo Metals' Los Pavitos Gold Footprint Grows 2.5 km to the Northeast and Silver Footprint Also Grows 1 km

Prismo Metals' Los Pavitos Gold Footprint Grows 2.5 km to the Northeast and Silver Footprint Also Grows 1 km

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to announce results from its ongoing exploration program at Los Pavitos, a 100% owned 5,300 ha Project in the well-mineralized Alamos region of southern Sonora State, Mexico. Exploration work reported here includes drilling of 4 new zones in an area of 1.5 by 3 km. Combined with earlier reported work (See Press Releases of October 17th and December 5th, 2023), positive results have been obtained from Las Auras, Santa Cruz, Santa Cruz Southeast, La Espanola and Oromuri structures in the northern half of the property (Fig. 1). The southern half of the property will be explored in 2024 with pioneering drilling throughout the property.

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Quimbaya Gold Inc. Trades on the OTCQB Market in the United States and Initiates Private Placement

Quimbaya Gold Inc. Trades on the OTCQB Market in the United States and Initiates Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

  • QIM believes this listing is an important step for the Company and provides transparent trading for current and future U.S. investors
  • Provides improved accessibility and liquidity for a broad range of private and ‎institutional U.S. investors
  • Initiates private placement offering of units for gross proceeds of up to $2,025,000

Quimbaya Gold Inc. (CSE: QIM) (OTC: QIMGF) ("Quimbaya" or the "Company") to announce the Company's common shares have been accepted and qualified to trade on the OTCQB Venture Market in the United States operated by the OTC Markets Group Inc.

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