202611 releases
Getchell Gold Corp. Announces Closing of $300,000 Strategic Investment from Buzbuzian Capital Corp.
A $300,000 strategic investment from Buzbuzian Capital Corp. has closed, with Getchell Gold Corp. issuing 1,000,000 units, each comprising one common share and one-half warrant exercisable at $0.35 per share until October 7, 2028. Proceeds are intended for exploration at the Fondaway Canyon project in Nevada and general working capital. The securities are subject to a four-month hold period expiring February 8, 2027.
FinancingGetchell Gold Corp. Announces $300,000 Strategic Investment from Buzbuzian Capital Corp.
Buzbuzian Capital Corp. is making a $300,000 strategic investment in Getchell Gold Corp., acquiring 1,000,000 units, each comprising one common share and one-half warrant exercisable at $0.35 for 24 months after closing, with a four month hold period. Proceeds will fund exploration at the Fondaway Canyon project in Nevada, which has a PEA outlining a US$1 billion pre-tax NPV and projected average production of 150,000 ounces of gold per year over an estimated 10-year mine life.
FinancingGetchell Gold Corp. Files $1 Billion NPV Preliminary Economic Assessment, Fondaway Canyon Gold Project, NV
A Preliminary Economic Assessment has been filed for the 100%-owned Fondaway Canyon gold project in Nevada, outlining an open pit mine and 12,000 tpd flotation mill over a roughly 10-year life, producing 1.52 million recovered ounces, averaging 150,000 oz per year at a mined grade of 1.38 g/t Au. At $3,200/oz gold, pre-tax NPV8% is US$1,004 million with a 58.8% IRR, and after-tax NPV8% is $905 million with a 53.1% IRR. Initial capital is $265 million, payback 1.6 years.
Study resultsGetchell Gold Corp. Announces $1 Billion NPV Preliminary Economic Assessment, Fondaway Canyon Gold Project, NV
A Preliminary Economic Assessment on the 100%-owned Fondaway Canyon gold project in Nevada outlines a pre-tax NPV8% of US$1,004 million and 58.8% IRR, and after-tax NPV8% of $905 million with a 53.1% IRR at a $3,200/oz gold price, with initial capital of $265.3 million and a 1.5-year pre-tax payback. The 12,000 tpd open pit operation would recover 1.52 Moz gold over 10 years, averaging 150,000 oz annually at 1.38 g/t Au, 80% recovery and a 6.9:1 strip ratio. Cash costs are estimated at $1,740/oz.
Study resultsGetchell Gold Corp. 2026 Mineral Resource Estimate Experiences Significant Growth at Fondaway Canyon, NV
An updated mineral resource estimate for the Fondaway Canyon gold project in Churchill County, Nevada, reports a 54% increase in Indicated Resources to 22.1 million tonnes at 1.40 g/t Au for 999 Koz, and an 8% increase in Inferred Resources to 45.6 million tonnes at 1.25 g/t Au for 1,812 Koz, a 21% overall growth from 10 drill holes (3,400m) and a gold price of US$3,000/oz versus US$1,950. Forte Dynamics has been engaged for an updated PEA due mid-year.
Resource updateGetchell Gold Corp. Files Answer and Counterclaim Regarding Mining Claims Title, Fondaway Canyon, NV
A lawsuit filed by NV Minerals Corp. over mining claims overlapping Getchell's Fondaway Canyon gold project in Nevada has been removed to the United States Federal District Court, District of Nevada, where the company's subsidiary Getchell Gold Nevada, Inc. filed a verified answer and counterclaims for quiet title and declaratory relief. Getchell states the claims have been continuously held since the mid 1950s and considers the complaint without merit. Planned 2026 work includes an updated Mineral Resource Estimate, an updated Preliminary Economic Assessment and filing a Comprehensive Plan of Operations.
CorporateGetchell Gold Corp. Advised of Complaint Filed Regarding Mining Claims Title, Fondaway Canyon, NV
NV Minerals Corp., a private Nevada corporation, has filed a complaint against Getchell Gold in Churchill County, Nevada, alleging quiet title and declaratory relief over mining claims at the Fondaway Canyon gold project based on a purported "long ago" forfeiture of claims. Getchell states the claims have been continuously held since the mid 1950's and remain in good standing with the BLM and Churchill County, and intends to file a response and counterclaim within 21 days of being served. Development plans, including a Comprehensive Plan of Operations filing in 2026, continue.
CorporateGetchell Gold Corp. Initiates Field Surveys for Plan of Operation Permitting at the Fondaway Canyon Gold Project, NV
WestLand Engineering & Environmental Services of Reno, Nevada has been engaged to prepare and submit a Plan of Operations / Nevada Reclamation Permit Application covering the entirety of the Fondaway Canyon gold project in Nevada to the BLM and NDEP's Bureau of Mining Regulation and Reclamation. Baseline biological surveys and a cultural resources inventory have begun and will be completed this field season, with Plan submittal targeted before year end. The Plan allows a larger disturbance allowance to carry field operations through Feasibility.
CorporateGetchell Gold Corp. Has Become Aware of 3rd Party Claim Staking at Fondaway Canyon, NV
A third party, NV Minerals Corp., a private Nevada corporation unrelated to Getchell, has located and filed mineral claims overlapping certain of the company's existing claims at the Fondaway Canyon gold project in Churchill County, Nevada. Getchell asserts its claims remain in good standing, describing NV Minerals' actions as without merit, a wrongful trespass, potentially malicious and slander of title, and says it will protect its land position including through litigation if necessary.
CorporateGetchell Gold Corp. Intersects 2.8 g/t Au Over 40.8 m at Fondaway Canyon, NV
Drilling at the North Fork zone of the Fondaway Canyon gold project in Nevada returned 2.8 g/t Au over 40.8 m, including 5.4 g/t Au over 8.0 m, 80 m below surface in hole FCG25-38, plus 2.9 g/t Au over 15.1 m and 2.6 g/t Au over 8.9 m at 357.7 m downhole. Hole FCG25-37 cut 1.2 g/t Au over 23.2 m. The results complete the 10-hole, 3,346 m 2025 drill program.
Drill results
202522 releases
Getchell Gold Corp. Discovers High-Grade Gold, Grading 5.8 g/t Au over 19.0m, Beyond Mineral Resource Pit Shell at Fondaway Canyon, NV
Drill hole FCG25-36 at the Fondaway Canyon gold project in Nevada returned 5.8 g/t Au over 19.0m, including 12.9 g/t Au over 6.5m, located 35 metres beyond the mineral resource open pit shell and 70 metres along strike to the northwest of previous drilling. The hole also cut 1.4 g/t Au over 23.6m and 2.2 g/t Au over 11.2m in the Colorado SW zone, a 40-metre step out, plus 0.4 g/t Au over 14.8m in limestone/marble. Follow-up drilling is planned.
Drill resultsGetchell Gold Corp. Intersects 1.4 g/t Au over 122.3m and Ends in Discovery of High-Grade Gold Zone at Fondaway Canyon, NV
Drilling at the 100%-owned Fondaway Canyon gold project in Nevada returned 1.4 g/t Au over 122.3m, 1.4 g/t Au over 27.8m and 1.0 g/t Au over 22.1m in hole FCG25-33, which was stopped prematurely in mineralization grading 4.8 g/t Au over the bottom 12.5m. FCG25-34 returned 2.1 g/t Au over 51.0m, 1.5 g/t Au over 36.0m and 1.4 g/t Au over 22.9m, and FCG25-35 returned 2.0 g/t Au over 25.7m. The 10-hole, 3,346m 2025 program is complete, with results for the final three holes expected through year end.
Drill resultsGetchell Gold Corp. Intersects 1.1 g/t Au over 90.7m, Extends Colorado SW Zone 80m Down-Dip at Fondaway Canyon, NV
Drill hole FCG25-32 at the 100%-owned Fondaway Canyon project in Nevada intersected 1.1 g/t Au over 90.7m, extending the Colorado SW zone 60-80m down-dip and 75-170m beyond the mineral resource estimate pit shell; the hole ended in mineralization after being stopped early due to ground conditions. FCG25-31 returned 1.3 g/t Au over 45.4m and 1.1 g/t Au over 40.3m, plus 1.9 g/t Au over 50m in a possible new upper lens. The 10-hole, 3,000-metre program is on track for completion by end of October.
Drill resultsGetchell Gold Corp. Engages Atrium Research Corporation
Atrium Research Corporation has been engaged to provide company-sponsored research services, beginning with an initiation report on Getchell's 100%-owned, preliminary economic assessment stage Fondaway Canyon gold project in Nevada. Atrium will receive $4,000 per month for an initial 9-month term starting October 8, 2025, with an option to extend three months at $3,200 per month. Separately, incentive stock options on up to 350,000 common shares were granted to directors, exercisable at $0.38 for five years.
CorporateGetchell Gold Corp. Continues Metallurgical Study at Fondaway Canyon Gold Project, NV
An extended metallurgical study has begun on mineralized material at the Fondaway Canyon gold project in Nevada, aiming to increase gold recoveries, maximize concentrate gold grade, minimize mass pull and verify multi-element composition. The 2024 scoping-level test work, used in the February 2025 PEA, showed 84% gold recoveries via conventional flotation. The 2025 study will be conducted by McCarl's Technical Services at RDi facilities in Denver, supervised by Deepak Malhotra, running to year-end with results incorporated into the next PEA iteration.
Study resultsGetchell Gold Corp. Extends Colorado SW Zone 50m Up-Dip and Intersects High-Grade Near-Surface Gold, at Fondaway Canyon, NV
The first two holes of the 2025 drill program at the 100%-owned Fondaway Canyon gold project in Nevada returned 2.1 g/t Au over 58.7 m, including 13.7 g/t Au over 3.3 m, in FCG25-29, intersected 25 m below surface, and 1.1 g/t Au over 55.8 m in FCG25-30, extending the Colorado SW zone 50 m up-dip to the northeast and 40 m along strike east. The 10-hole, 3,000-metre program is on track for completion by the end of October, with assays from FCG25-31 and 32 pending.
Drill resultsGetchell Gold Corp. Leases Dixie Comstock Property
A 20-year mining lease has been signed with Montana Goldfields LLC for the Dixie Comstock Gold Mine in Churchill County, Nevada, comprising 44 unpatented claims over 725 acres (293.5 hectares). Montana will pay US$25,000 on execution and US$25,000 in annual advance royalty payments, and must spend at least US$100,000 in year one, US$200,000 in year two and US$300,000 annually thereafter. Montana grants Getchell a 2% NSR, with options to buy up to 1% of that NSR and 1% of the existing AIM NSR for US$1,000,000 each.
AcquisitionGetchell Gold Corp. Strengthens Board
Marc Henderson has been appointed a Director of Getchell Gold Corp. Henderson is a chartered financial analyst, President and CEO of Laramide Resources Ltd., former CEO and President of Aquiline Resources Inc., which was sold in 2009 to Pan American Silver Corp., and former President of MineFinders. Getchell is advancing the Fondaway Canyon gold project in Nevada, a past gold producer with a mineral resource estimate and a recently published Preliminary Economic Assessment.
ManagementGetchell Gold Corp. Announces Settlement of All Outstanding Debentures
All remaining debt has been extinguished with the settlement of outstanding debentures totalling $275,430 in principal. On August 22, 2025, Getchell paid $119,691 in cash ($70,000 principal and $49,691 accrued interest), while $205,430 of principal was applied to the exercise of 2,054,300 debenture warrants at $0.10 per share, issuing 2,054,300 common shares. Scott Frostad resigned as VP Exploration, and Patrick McLaughlin, P.Geo., was appointed Senior Project Geologist and Qualified Person for the Fondaway Canyon gold project.
FinancingGetchell Gold Corp. Commences Drill Program at Fondaway Canyon, Nevada
A 10-hole, 3,000 m (10,000 ft) drill program has begun at the 100%-owned Fondaway Canyon gold project in Nevada, designed to extend mineralization along strike and dip and increase the mineral resource, starting from the Colorado Pit. The Company also issued an additional 1,000,000 units at $0.20 per unit, omitted from the original closing due to an administrative error, bringing the private placement total to $4,200,000, and granted 325,000 stock options at $0.30 to a consultant.
Drill resultsGetchell Gold Corp. Engages Drill Contractor for the 2025 Drill Program at Fondaway Canyon, Nevada
A drill contractor has been engaged for a 10-hole, 3,000m (10,000 ft) drill program at the Fondaway Canyon gold project in Nevada, set to begin mid-late July and designed to extend gold mineralization and increase the mineral resource. The project hosts an Indicated Resource of 13.5 Mt at 1.49 g/t Au (648,000 oz) and Inferred of 44.8 Mt at 1.16 g/t Au (1,670,100 oz). The Company also granted 325,000 stock options to a consultant at $0.30 per share, three-year term.
Drill resultsGetchell Gold Corp. Announces Grant of Incentive Stock Options
A total of 700,000 incentive stock options have been granted under Getchell Gold's omnibus equity incentive plan, comprising 200,000 exercisable at $0.23 and 500,000 at $0.30 per common share, each with a two-year term and immediate vesting. The Company also granted a cash bonus of $46,000 to Capital Markets Advisory CA, an arm's length party engaged to provide communications services. Getchell Gold is focused on its Fondaway Canyon project in Nevada.
CorporateGetchell Gold Corp. Announces 93.7% Total Debenture Conversion
The second and final tranche of Getchell Gold's debenture conversion has closed, converting $475,000 of principal plus $69,953.20 of accrued interest into 2,724,766 Units, each comprising one share and one-half warrant exercisable at $0.30 until June 25, 2028. Combined with the first tranche closed June 13, 2025, $4,087,888 of principal and $613,794.20 of interest converted into 23,508,412 Units, a 93.7% conversion rate, leaving $275,430 of debentures outstanding. Vesting of 1,025,000 debenture warrants was accelerated.
FinancingGetchell Gold Corp. Closes $4 Million Upsized Unit Financing and Conversion of 1st Tranche Debenture Conversion
A $4,000,000 private placement of units at $0.20 per unit closed, upsized from $3 million, including a $1.2 million order from lead investor Myrmikan Gold Fund LLC; each unit includes half a warrant exercisable at $0.30 until June 13, 2028. Proceeds will fund the 2025 drill program at the Fondaway Canyon gold project in Nevada. A first tranche of debentures totalling $3,612,888 principal plus $543,841.20 interest, an 82.8% conversion rate, converted into 20,783,646 units; $750,430 remains outstanding with a June 20, 2025 deadline.
FinancingGetchell Gold Corp. Upsizes Financing Due to Increased Investor Interest
The previously announced private placement has been increased to gross proceeds of up to $4,000,000 from $3,000,000, with other terms unchanged, including a $1.2 million order from lead investor Myrmikan Gold Fund LLC. Units are priced at $0.20, each with one share and one-half warrant exercisable at $0.30 for three years. The Company is also offering to convert outstanding debentures and accrued interest into Units on the same terms, potentially issuing 25,000,000 additional Units; closing is expected on or before June 6, 2025. Proceeds will fund a 3,000 metre drill program and metallurgical test work at Fondaway Canyon, Nevada.
FinancingGetchell Gold Corp. Announces $3 Million Financing and Debenture Conversion Option
A private placement of units at $0.20 per unit for gross proceeds of up to $3,000,000 was launched, including a $1.2 million order from lead investor Myrmikan Gold Fund LLC; each unit includes one share and one-half warrant exercisable at $0.30 for three years. Proceeds will fund a 2025 program at Fondaway Canyon, Nevada, including an initial 3,000 metre drill program and further metallurgical test work. Debenture holders are offered conversion into units on the same terms, potentially issuing 25,000,000 additional units, with closing expected on or before June 6, 2025.
FinancingPresident’s Message: Advancing the Fondaway Canyon Project During Record Gold Prices
2025 objectives for the Fondaway Canyon gold project in Nevada were set out in a shareholder letter: an initial 3,000 metre drill program to expand the mineral resource, additional metallurgical test work to improve on the 84% gold recoveries reported in the PEA, and an updated Preliminary Economic Assessment. The February 2025 PEA outlined an 8,000 tonne per day open-pit operation over roughly 10.5 years, with after-tax NPV of US$474 million and 46.7% IRR at US$2,250 per ounce gold.
CorporateGetchell Gold Corp. Announces Bob Bass, Chairman, Increases Holdings
Chairman Bob Bass, through Bass Research Services Ltd., exercised 500,000 warrants for proceeds of $50,000 to Getchell Gold Corp. Year to date he has increased his holdings by 2.2 million shares via warrant exercises and open market purchases. He now owns or controls 12,882,669 common shares, about 9.15% of issued and outstanding shares undiluted, or 16.38% on a partially diluted basis. Getchell's main asset is the Fondaway Canyon gold project in Nevada.
CorporateGetchell Gold Corp. Announces Warrant Extension, Debt Settlement, Options Cancellation, and RSU Grant
The expiry dates of 5,202,250 warrants will be extended by 12 months: 3,011,250 warrants exercisable at $0.50 from the May 14, 2021 placement now expire May 14, 2026, and 2,191,000 warrants at $0.60 from the May 30, 2022 placement now expire May 30, 2026. Approximately $4,373 owed to a director will be settled with 18,222 shares at a deemed price of $0.24. The Company granted 1,375,000 RSUs vesting in one year and cancelled 2.49 million stock options held by officers.
CorporateGetchell Gold Corp. Announces Bob Bass, Chairman, Exercises One Million Warrants
Chairman Bob Bass, through Bass Research Services Ltd., exercised 1 million warrants for proceeds of $100,000 to the company. He also acquired an additional 185,000 shares in the open market following the January 23, 2025 Preliminary Economic Assessment Technical Report on the Fondaway Canyon gold project. Bass now holds 11,786,589 common shares, about 8.71% undiluted and 15.98% partially diluted. Bass and President Mike Sieb will attend the PDAC convention in Toronto, March 2-5, 2025.
FinancingGetchell Gold Corp. Files Robust Preliminary Economic Assessment for the Fondaway Canyon Gold Project, NV
A preliminary economic assessment for the Fondaway Canyon gold project in Nevada has been filed on SEDAR+, outlining an open pit mine and 8,000 tonne per day flotation mill over a 10.5-year life producing 1,231,408 ounces of gold, averaging 117,300 ounces annually at 84% recovery and a 1.50 g/t Au mill feed grade. At $2,250/oz gold, the PEA shows a $474 million after-tax NPV10% and 46.7% after-tax IRR, with initial capital of $226.5 million and cash costs of $1,189/oz.
Study resultsGetchell Gold Corp. Announces Positive Preliminary Economic Assessment for the Fondaway Canyon Gold Project, NV
A preliminary economic assessment for the 100%-owned Fondaway Canyon gold project in Nevada outlines an open pit mine and 8,000 tonne per day flotation mill over a 10.5-year life, with a $546 million pre-tax NPV at a 10% discount rate and 51.2% pre-tax IRR, and $474 million after-tax NPV and 46.7% after-tax IRR at $2,250/oz gold. Initial capital is $226.5 million with a 3.1-year pre-tax payback. Recovered gold totals 1,231,408 ounces, averaging 117,300 ounces annually at 1.50 g/t Au, 84% recovery and cash costs of $1,189/oz.
Study results
202417 releases
Getchell Gold Corp. Provides Update on the Preliminary Economic Assessment for the Fondaway Canyon Gold Project, NV
The Preliminary Economic Assessment for the Fondaway Canyon gold project in Churchill County, Nevada has been delayed, with results now targeted for early January 2025. Metallurgical testwork, which began in July, is expected to be completed by year end following start-up delays, the need for additional oxide material after a significant portion of the 2024 Mineral Resource Estimate was found to be oxidized host rock, and lab equipment mechanical issues that have now been resolved.
Study resultsGetchell Gold Corp. Engages Capital Markets Advisory CA to Provide Communications Services
Toronto-based Capital Markets Advisory CA has been engaged to provide investor relations and market awareness services under a six-month consulting agreement that may be extended by mutual agreement. Compensation comprises a monthly fee of $6,500 from working capital plus stock options to founder Karen Mate for 200,000 common shares at $0.16 per share for a five-year term. The engagement is subject to CSE approval, and CMA CA is an arm's length party.
CorporateGetchell Gold Corp. Provides Update on the Fondaway Canyon Gold Project, NV
Engineers from Forte Dynamics, Inc. of Fort Collins, Colorado conducted a site tour and drill core review at the Fondaway Canyon gold project in Nevada during the week of September 16, 2024, to support mine and processing plant designs for a preliminary economic assessment. The 2024 Updated Mineral Resource Estimate model, announced September 11, 2024, was provided to Forte Dynamics. Forte Analytical, Inc. is conducting metallurgical studies, and the PEA is scheduled for completion this Fall.
CorporateGetchell Gold Corp. Reports Significant Increase to the Mineral Resource Estimate at the Fondaway Canyon Gold Project, NV
An updated mineral resource estimate for the Fondaway Canyon gold project in Churchill County, Nevada reports Indicated resources of 13.5 million tonnes at 1.49 g/t Au for 648,000 ounces and Inferred resources of 44.8 million tonnes at 1.16 g/t Au for 1,670,100 ounces, increases of 18% and 11% over the 2023 estimate, using a US$1,950/oz gold price. A near-surface oxide cap was delineated. Forte Dynamics is completing metallurgical studies for a PEA scheduled for the Fall. The Company also extended 1,411,250 warrants to September 28, 2025.
Resource updateGetchell Gold Corp. Increases Claim Holdings at Dixie Comstock and Announces Resignation of CEO
Sixteen unpatented mining claims have been staked at the Dixie Comstock gold project in Churchill County, Nevada, bringing the total to 44 claims covering 725 acres (293.5 hectares). The project hosts a historic 1991 Mine Development Associates resource estimate and open pit mine model, and a Wilderness Survey Area partially overlying the property was released in December 2022. Bill Wagener has resigned as CEO and Director and will continue on a consultancy basis.
CorporateGetchell Gold Corp. Engages Forte Dynamics for Preliminary Economic Assessment of the Fondaway Canyon Gold Project, Nevada
Forte Dynamics, Inc. of Fort Collins, Colorado has been engaged to prepare a preliminary economic assessment on the Fondaway Canyon gold project in Nevada, with completion scheduled for the Fall. Ahead of the PEA, Apex Geoscience Ltd. is preparing an updated mineral resource estimate incorporating eight drill holes excluded from the 2023 MRE and a new bulk density of 2.74 g/cm3, a 7% increase. Forte Dynamics is also conducting metallurgical testwork, including oxide core samples from four holes.
Study resultsGetchell 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
A bulk density field program at the Fondaway Canyon gold project in Nevada returned a value of 2.74 g/cm3 for the mineralized host rock, a 7% increase over the 2.56 g/cm3 default used in the 2023 Mineral Resource Estimate, based on 1,382 measurements from nine holes with 121 samples verified by Bureau Veritas in Sparks, Nevada. An updated Mineral Resource Estimate is in progress and will incorporate eight drill holes, FCG22-20 to FCG22-28 excluding FCG22-24, not previously included.
Drill resultsGetchell Gold Corp. Appoints Michael Hobart to Board of Directors
Michael Hobart has been appointed to the board of directors of Getchell Gold Corp., effective immediately. Hobart is a partner at Fogler, Rubinoff LLP with over 30 years of experience in the mining industry and currently serves on the board of Galleon Gold Corp. The Company also granted incentive stock options to directors, officers and consultants for up to an aggregate of 2,575,000 common shares, exercisable at $0.14 per share and expiring five years from the grant date.
ManagementGetchell Gold Corp. Announces Closing of Debenture Financing
The third and final tranche of Getchell Gold's debenture financing closed for $1,441,900 aggregate principal amount of non-convertible debentures, with 14,419,000 warrants issued exercisable at $0.10 until May 2, 2027, half vesting on closing and half on July 2, 2025. Combined tranches total $4,363,318 principal and 43,633,180 warrants. A director subscribed for $300,000. Proceeds will fund exploration and working capital. The Company also renewed a consulting agreement with Bonaventure Explorations Ltd. to March 31, 2025.
FinancingPress Release for Early Warning Report Regarding Getchell Gold Corp.
On May 2, 2024, Robert (Bob) Bass of Ontario acquired, through Bass Research Services Ltd., non-convertible debentures with a principal amount of $300,000 and 3,000,000 debenture warrants of Getchell Gold Corp. under a private placement, representing securities convertible into about 2.3% of issued and outstanding shares undiluted. Each warrant is exercisable at $0.16 per share until May 2, 2027, with 50% vested on closing and 50% vesting July 2, 2025 if the debentures are unpaid. Bass now holds approximately 7.79% undiluted and 15.28% partially diluted.
NewsGetchell Gold Corp. Announces Warrant Extension and Debt Settlement
The expiry dates of an aggregate 5,202,250 share purchase warrants will be extended by 12 months: 3,011,250 warrants at $0.50, issued May 14, 2021, now expiring May 14, 2025, and 2,191,000 warrants at $0.60, issued May 30, 2022, now expiring May 30, 2025. Getchell Gold also intends to settle $6,000 of indebtedness owed to two directors for director services through the issuance of 54,545 common shares at $0.11 per share, subject to a four-month hold.
CorporateGetchell Gold Corp. Announces Final Tranche of Debenture Financing
Subscriptions for $1,441,900 principal amount of non-convertible debentures have been received in the third and final tranche of Getchell Gold's debenture financing, bringing total aggregate funds to $4,363,318 across all tranches. The Company will issue 14,419,000 warrants exercisable at $0.10 per share for three years, with 50% vesting on closing and 50% vesting 14 months later if the debenture is not repaid. Proceeds will fund exploration on the Company's Nevada properties and general working capital.
FinancingGetchell Gold Corp. Welcomes New Chairman Bob Bass and Announces Change of Directors
Robert (Bob) Bass has been appointed a Director and Chairman of the Board of Getchell Gold Corp., alongside his son Chris Bass as a Director, while Jim Mustard and Jerry Bella have resigned as Directors, with Mustard continuing as an advisor and consultant. The Company granted 1,000,000 stock options to Directors and 250,000 to investor relations consultant Fred Cooper, exercisable at $0.15 for five years. Directors, Officers and Management now own 20.4% on a partially-diluted basis. Getchell also intends to settle $3,000 of debt through the issuance of 23,100 common shares at $0.13 per share, subject to CSE acceptance.
ManagementGetchell Gold Corp. Announces Closing of Second Tranche of Debenture Financing
A second tranche of debenture financing closed for $1,003,998, with 10,039,980 warrants issued exercisable at $0.10 until January 26, 2027, half vesting on closing and half on March 26, 2025; total across both tranches was $2,921,418 in non-convertible debentures and 29,214,180 warrants. First tranche proceeds funded the final US$1.6 million payment to Canagold Resources for 100% of the Fondaway Canyon and Dixie Comstock gold properties in Churchill County, Nevada; the balance funds exploration and working capital.
FinancingGetchell Gold Corp. Announces Closing of Second and Final Tranche of Equity Financing
The second and final tranche of a non-brokered private placement has closed, with 5,000,000 units issued across both tranches for gross proceeds of $500,000. Each unit includes one common share and one warrant exercisable at $0.15 for two years, with proceeds directed to exploration on the Company's mining properties and general working capital. Getchell also engaged WA Group LLC as strategic advisory consultant for six months for 225,000 common shares and 225,000 options exercisable at $0.15 for three years.
FinancingGetchell Gold Corp to Attend the 2024 Vancouver Resource Investment Conference
Getchell Gold Corp. will exhibit at Booth 808 at the 2024 Vancouver Resource Investment Conference in Vancouver on January 21-22, 2024, with a corporate presentation from 11:10–11:20am on Sunday, January 21 in Workshop 3. The company plans to discuss its Fondaway Canyon Gold Project in Churchill County, Nevada and its strategies for 2024.
Corporate
202320 releases
Getchell Gold Corp. Announces Raising Sufficient Funds to Make the Final Earn-In Option Payment toAcquire 100% of the Fondaway Canyon Gold Project, NV
Sufficient funds have been received through an ongoing debenture financing to make the final US$1.6 million cash earn-in option payment, plus US$1 million in shares, to acquire 100% of the Fondaway Canyon and Dixie Comstock gold properties in Churchill County, Nevada, from Canagold Resources. The payment and share issuance are due on or before the fourth anniversary of the January 3, 2020 option agreement and are being prepared before year-end. The debenture financing remains open to maximum proceeds of CA$5 million, with excess funds going to exploration and working capital. A separate financing has been increased to up to 5 million units at 10 cents per unit for up to $500,000.
FinancingGetchell Gold Corp. Plans to Upgrade Mineral Resource Estimate at Fondaway Canyon Gold Project, Nevada
An updated Mineral Resource Estimate is planned for the Fondaway Canyon gold project in Nevada, incorporating results from 8 drill holes (FCG22-20 to FCG22-28) excluded from the February 1, 2023 MRE, which reported 38.3 million tonnes at 1.23 g/t Au for 1,509,100 oz inferred and 11.0 million tonnes at 1.56 g/t Au for 550,800 oz indicated. A specific density sampling program starts early 2024. The non-brokered supplemental private placement was increased to 2,500,000 units at $0.10 for up to $250,000.
Resource updateGetchell Gold Corp. Increases Fondaway Canyon Project Claim Area by 50%
The Fondaway Canyon gold project in Churchill County, Nevada has been expanded by 50% through the staking of an additional 75 claims covering 600 hectares (1,480 acres), bringing the total to 246 claims over 1,785 hectares (4,412 acres), spanning 7 km east-west and 3 km north-south. Warrant terms of the previously announced non-brokered private placement supplemental offering were revised: up to 1,500,000 units at $0.10 for gross proceeds of up to $150,000, each warrant exercisable at $0.15 for two years.
CorporateGetchell Gold Corp. Announces Debenture Financing
A debenture financing is planned to raise a minimum of $2,500,000 and a maximum of $5,000,000, with three-year debentures bearing 11% per annum non-compounding interest plus warrants exercisable at $0.10 for three years, half vesting on closing and half 14 months later. Proceeds will fund the final US$1.6 million payment to Canagold Resources Ltd. to complete the acquisition of the Fondaway Canyon and Dixie Comstock properties in Nevada, plus exploration and working capital. A supplemental non-brokered private placement of up to 1,500,000 units at $0.10 for up to $150,000 was also announced, and the annual meeting moves to December 22, 2023.
FinancingGetchell Gold Corp. Welcomes John Proust as a Consultant / Advisor
John Proust has joined Getchell Gold Corp. as a consultant/advisor, initially to assist the Company in meeting its immediate financial objectives. Proust is currently Chairman & CEO of Japan Gold Corp. and Southern Arc Minerals Inc. and a Director of Rise Gold Corp. He was granted incentive stock options on up to 250,000 common shares, exercisable at $0.10 per share for five years from the grant date.
ManagementGetchell Gold Corp. Closes Third and Final Tranche of Non-Brokered Private Placement
The third and final tranche of a non-brokered private placement has closed, bringing total issuance to 5,295,500 units at $0.20 per unit for gross proceeds of $1,059,100. Each unit includes one common share and one-half warrant exercisable at $0.35 for two years from closing. Finder's fees of $3,520 and 17,600 finder's warrants at $0.35 were paid on the third tranche; proceeds will fund exploration and development of the Company's properties and general working capital.
FinancingGetchell Gold Corp. Begins Trading on the Frankfurt Exchange Under Symbol GGA1
Getchell Gold Corp.'s common shares now trade on the Frankfurt Stock Exchange under the symbol GGA1, adding to its CSE (GTCH) and OTCQB (GGLDF) listings. The company's flagship Fondaway Canyon gold project in Nevada has a February 1, 2023 Mineral Resource Estimate of 38.3 million tonnes at 1.23 g/t Au for 1,509,100 inferred ounces and 11.0 million tonnes at 1.56 g/t Au for 550,800 indicated ounces, with a fully permitted drill program planned to expand and upgrade resources.
CorporateGetchell Gold Corp. Announces Extension of Warrants
The expiry date of 1,398,750 common share purchase warrants, issued under a non-brokered private placement that closed September 28, 2020, has been extended from September 28, 2023 to September 28, 2024, with all other terms unchanged. None of the warrants have been exercised to date and none of the holders are related parties. No compensation warrants from the prior financing are being extended.
CorporateGetchell Gold Corp. Receives Authorization to Construct 12 Additional Drill Padsand Highlights the Upside Potential at the Fondaway Canyon Gold Project, Nevada
The US Bureau of Land Management has authorized construction of 12 additional drill pads at the Fondaway Canyon gold project in Churchill County, Nevada, bringing the property-wide total to 26, with 22 pads covering a 500m x 650m area in the Central Area. The project hosts an Indicated Mineral Resource of 11.0 million tonnes at 1.56 g/t Au for 550,800 ounces and an Inferred Resource of 38.3 million tonnes at 1.23 g/t Au for 1,509,100 ounces. Getchell also engaged Investorideas.com for one year, granting 60,000 options at $0.20.
Drill resultsGetchell Gold Corp. Closes Second Tranche of Non-Brokered Private Placement
The second tranche of a non-brokered private placement closed with 638,000 units issued at $0.20 per unit for gross proceeds of $127,600, bringing total Offering issuance to 4,925,500 units for $985,100. Each unit includes one common share and one-half warrant exercisable at $0.35 for two years; finder's fees of $4,800 and 24,000 finder's warrants were paid. An officer subscribed for $27,600, and 325,000 stock options at $0.20 for five years were granted to consultants.
FinancingGetchell Gold Announces Key Partnerships to Elevate Marketing and Corporate Development Efforts
Blue Summit Ventures has been engaged as social media marketing partner for an aggregate CAD $175,000, providing investor relations and communications services under an initial six-month term. Fairfax Partners was appointed as corporate development consultants, and Daniel Southan-Dwyer joins as Vice President of Corporate Development. Getchell Gold is a Nevada-focused gold and copper explorer whose most advanced asset is Fondaway Canyon in Churchill County, Nevada.
CorporateGetchell Gold Corp. Announces First Tranche Closing of Non-Brokered Private Placement
A first tranche of a non-brokered private placement closed with 4,287,500 units issued at $0.20 per unit for gross proceeds of $857,500, each unit comprising one common share and one-half warrant exercisable at $0.35 for two years. Proceeds will fund exploration and development of the Company's properties and general working capital. Finder's fees of $11,840 were paid, with 151,400 finder's shares and 134,900 finder's warrants issued; two directors subscribed for $35,000. Securities are subject to a hold period expiring October 16, 2023.
FinancingGetchell Gold Corp. Announces Non-Brokered Private Placement
A non-brokered private placement of up to 12,500,000 units at $0.20 per unit for gross proceeds of up to $2,500,000 is underway. Each unit includes one common share and one-half warrant exercisable at $0.35 for two years from closing. Proceeds will fund exploration and development of the company's Nevada properties and general working capital, with finder's fees of up to 8% cash, 8% warrants and 8% units payable.
FinancingGetchell Gold Corp. Plans a Dozen Additional Drill Pads at the Fondaway Canyon Gold Project, Nevada
Permit applications have been filed for an additional twelve drill pads at the Fondaway Canyon gold project in Churchill County, Nevada, as part of a planned 2023 drill program to expand the Mineral Resource. The current estimate reports 38.3 million tonnes at 1.23 g/t Au for 1,509,100 inferred ounces and 11.0 million tonnes at 1.56 g/t Au for 550,800 indicated ounces. The drill program and hole sequencing will be finalized after permit approval.
Drill resultsGetchell Gold Corp. Announces Amendment of Warrants
The terms of 3,011,250 common share purchase warrants issued under a non-brokered private placement that closed on May 14, 2021 will be amended, extending the expiry date from May 14, 2023 to May 14, 2024 and reducing the exercise price from $0.65 to $0.50. All other terms remain unchanged and none of the warrants have been exercised to date. No warrant holders are related parties, and no compensation warrants from the prior financing are being extended.
CorporateGetchell Gold Corp Presenting at Money Show Virtual Online Expo April 11, 2023, and Appoints Investor Relations Consultant
President Mike Sieb will give a 20-minute presentation titled Building a Major Asset in Nevada at the Money Show "Money, Markets, and Monetary Policy" Virtual Expo on Tuesday, April 11, 2023, starting at 4pm ET with a live Q&A. Fred Cooper has been appointed Investor Relations Consultant effective immediately, receiving 250,000 incentive stock options at $0.28 for five years and $4,000 per month over a 12-month term. The Company also engaged OTCWagon for a 40-day investor awareness program at a cost of $5,000 CDN.
CorporateGetchell Gold Corp Exhibiting at Booth 2341, PDAC 2023 Convention in Toronto, March 5-8
Getchell Gold will exhibit at Booth #2341 in the Investor Exchange at the PDAC Convention, Metro Toronto Convention Centre, March 5–8, 2023, led by President Mike Sieb and the company's exploration team. The event follows the February 1, 2023 publication of the Fondaway Canyon, Nevada technical report, which models open pit and underground operations and reports an Inferred Mineral Resource of 38.3 million tonnes at 1.23 g/t Au for 1,509,100 ounces and an Indicated Mineral Resource of 11.0 million tonnes at 1.56 g/t Au for 550,800 ounces.
CorporateGetchell Gold Corp. Files Technical Report for the Mineral Resource Estimate at Fondaway Canyon, NV
A technical report for the mineral resource estimate at the Fondaway Canyon project, Churchill County, Nevada, has been filed on SEDAR and the company's website. The estimate includes an indicated resource of 11.0 million tonnes at 1.56 g/t Au for 550,800 ounces and an inferred resource of 38.3 million tonnes at 1.23 g/t Au for 1,509,100 ounces, with an effective date of December 15, 2022. It is based on 518 drill holes totaling 52,395 metres and contemplates open pit and underground mining.
Resource updateGetchell Gold Corp. Intersects 3.4 g/t Au Over 44.6m and 3.4 g/t Au Over 31.4mat the North Fork Zone, Fondaway Canyon, NV
Drill hole FCG22-23 at the North Fork zone of the Fondaway Canyon project in Nevada returned 3.4 g/t Au over 44.6 m and 1.8 g/t Au over 12.8 m, while FCG22-25 returned 3.4 g/t Au over 31.4 m and 1.3 g/t Au over 17.4 m, extending mineralization 25 m north and 30 m up-dip respectively. FCG22-24 at the Pediment target, 2 km west, cut 0.72 g/t Au over 3.0 m and 0.64 g/t Au over 1.6 m. Assays from FCG22-26 to 28 at Colorado SW are pending.
Drill results
202215 releases
Getchell Gold Corp. Issues 2022 President’s Message
A year-end message from President Mike Sieb recaps the first Mineral Resource Estimate for the Fondaway Canyon gold project in Churchill County, Nevada: Indicated Resources of 11.0 million tonnes at 1.56 g/t gold for 550,800 ounces and Inferred Resources of 38.3 million tonnes at 1.23 g/t gold for 1,509,100 ounces, with an effective date of December 12, 2022. Drill results from holes FCG22-23 to FCG22-28 are expected in Q1 2023, alongside planning of the 2023 exploration program and a multi-media marketing campaign.
CorporateGetchell Gold Corp. Announces Resources Estimate at Fondaway Canyon, NV
A maiden mineral resource estimate for the Fondaway Canyon project in Churchill County, Nevada reports an indicated resource of 11.0 million tonnes at 1.56 g/t gold for 550,800 ounces and an inferred resource of 38.3 million tonnes at 1.23 g/t gold for 1,509,100 ounces, based on 518 drill holes totalling 52,395 metres and a US$1,650/oz gold price. The effective date is December 12, 2022, with a technical report to be filed on SEDAR within 45 days.
Resource updateGetchell Gold Corp. Intersects 1.7 g/t Au over 56.6 m and 0.9 g/t Au over 74.3 mat the Colorado SW Gold Zone, Fondaway Canyon, NV
Drill hole FCG22-20 at the Colorado SW zone of the Fondaway Canyon gold project in Nevada returned 1.7 g/t Au over 56.6 m from 160.4 to 217.0 m, a 35 metre up-dip step out to the east, while FCG22-21 returned 0.9 g/t Au over 74.3 m from 191.7 to 266.0 m, a 50 metre step out to the north-northwest. Eleven holes totalling 4,200 metres have been completed, with assays pending for six. Fondaway Canyon's first Mineral Resource Estimate is scheduled for mid-November.
Drill resultsFondaway Canyon Exploration and Resources Model Update
The Mineral Resource Estimate for the Fondaway Canyon gold project in Nevada, being prepared by Apex GeoScience Ltd., is now expected in mid-November after the data cut-off moved from July 31, 2022 to September 27, 2022 to include results from holes FCG22-17, 18 and 19, which returned 3.8 g/t Au over 85.9m, 1.9 g/t Au over 72.6m and 1.8 g/t Au over 107.5m. Ten holes totaling 3,900 m have been completed in the Central Area in 2022, with assays pending for FCG22-20 through 27 and hole FCG22-28 in progress.
CorporateGetchell Gold Corp. Intersects 1.8 G/T Au Over 107.5 M At The North Fork Zone, Fondaway Canyon, NV
Drill hole FCG22-19 at the Fondaway Canyon gold project in Nevada returned 1.8 g/t Au over 107.5 m from 120.0 to 227.5 m downhole, including 2.9 g/t Au over 32.9 m, as a 30 m southwest step-out from discovery hole FCG21-16. Eight holes totalling 3,260 m have been completed in the 2022 Central Area program, with assays pending for FCG22-20 through FCG22-25. Results will be included in a Mineral Resource estimate scheduled for completion this Fall.
Drill resultsGetchell Gold Corp. Announces Amendment of Warrants
The Canadian Securities Exchange granted exemptive relief allowing Getchell Gold to amend 1,398,750 common share purchase warrants issued under a non-brokered private placement that closed September 28, 2020. The expiry date will be extended from September 28, 2022 to September 28, 2023 and the exercise price reduced from $0.60 to $0.50, with all other terms unchanged; none of the warrants have been exercised. No warrant holders are related parties, and no compensation warrants are being extended.
CorporateGetchell Gold Corp. Continues to Expand North Fork Discovery and Intersects Multiple Extensive Gold Intervals, Fondaway Canyon, NV
Drill hole FCG22-18 at the Fondaway Canyon gold project in Nevada intersected multiple gold intervals from 180.6 to 400 metres down hole, including 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 and 2.0 g/t Au over 22.1 m, with the lower interval 75 metres from the nearest hole. Results will be included in a Mineral Resources estimate scheduled for completion this Fall. Six holes totalling 2,328 m have been completed in 2022, and a second rig has begun drilling the Pediment target.
Drill resultsGetchell Gold Corp. Engages Apex Geoscience to Conduct a Resource Estimate for the Advanced Exploration Stage Fondaway Canyon Gold Project, NV
Apex Geoscience Ltd. of Edmonton has been engaged to complete a resource estimate and supporting NI 43-101 technical report for the Fondaway Canyon gold project in Churchill County, Nevada, targeted for late September 2022. The estimate will incorporate 2017, 2020 and 2021 drill results plus any results from the current drill program received by a July 31, 2022 cut-off date. Defined Central Area mineralization spans 600 m E-W, 800 m down dip and roughly 100 m thick.
Resource updateGetchell Gold Corp. Commences Drill Program at the High-Grade Star Copper-Gold-Silver Project, NV
The maiden drill program has begun at the Star copper-gold-silver project in Pershing County, Nevada, which covers the former Star Point copper mine and the Star South prospect. The first hole, SG22-01, targets a large low-resistivity, high-chargeability geophysical anomaly at Star South that has never been drill tested. Of 89 grab samples collected in 2011, 40 graded >1% Cu, 21 graded >1 g/t Au and 20 graded >30 g/t Ag. A non-brokered financing closed this week.
Drill resultsGetchell Gold Corp. Closes Non-Brokered Private Placement
A non-brokered private placement has closed, with 4,382,000 units issued at $0.40 per unit for gross proceeds of $1,752,800. Each unit comprises one common share and one-half warrant, with each whole warrant exercisable at $0.60 for two years from closing. Finder's fees total $91,200 in cash and 228,000 finder's warrants exercisable at $0.45 for two years; the securities are subject to a four month hold period expiring October 1, 2022.
Financing2022 Drilling at Fondaway Has Commenced at the North Fork High-Grade Discovery that Intersected 10.4 g/t Au over 25.0 m
The 2022 drill program has started at the Fondaway Canyon gold project in Churchill County, Nevada, with the first hole, FCG22-17, targeting the North Fork zone as a 30 m step-out northwest of hole FCG21-16, which returned 6.3 g/t Au over 50.7 m (117.5–168.2 m), including 10.4 g/t Au over 25.0 m (139.9–164.9 m). Two rigs are secured for 2022; the second is scheduled to begin a maiden drill program at the Star Cu-Au-Ag project, 60 km north, in two to three weeks.
Drill resultsGetchell Gold Corp. to Commence Drilling on North Fork High-Grade Discovery that Intersected 10.4 g/t Au over 25.0 m at the Fondaway Canyon Gold Project, NV
The 2022 drill program at the Fondaway Canyon gold project in Nevada is scheduled to start by the end of April, initially following up on hole FCG21-16, which returned 6.3 g/t Au over 50.7 m (117.5-168.2 m), including 10.4 g/t Au over 25.0 m (139.9-164.9 m). Two drill rigs have been secured, with the second to begin a maiden program at the Star Cu-Au-Ag project, 60 km north, a few weeks later. The Central Area zone has been traced 600 m along strike and 800 m down dip.
Drill results