Key facts
| Company | Getchell Gold Corp. (CSE: GTCH) |
|---|---|
| Commodity | Gold |
| Location | USA |
| Stage | PEA |
Mineral resource estimates
2 reported estimates, newest first. Categories are as disclosed by Getchell Gold Corp.; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Effective |
|---|---|---|---|---|
| IndicatedNI 43-101 | 13.5 Mt | 1.49 g/t | 648 koz | Sep 1, 2024 |
| InferredNI 43-101 | 44.8 Mt | 1.16 g/t | 1.67 Moz | Sep 1, 2024 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
Economic studies
Preliminary economic assessment
Jan 15, 2025- NPV (5%)
- US$668M
- IRR
- 46.7%
- Payback
- 3.2 years
- Initial capex
- US$227M
- Mine life
- 10.5 years
- Annual production
- 117,300 oz
- Gold price assumed
- US$2,250/oz
Figures as extracted from each study, in US dollars as the studies report them. Open the report before relying on one.
News releases18 on file
Getchell 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 mil
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
Study resultsGetchell 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 fi
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 McCar
Study resultsGetchell 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
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. R
Study resultsGetchell 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 b
Study resultsGetchell 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 Analyti
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 Dy
Resource updateGetchell 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. For
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 incorpora
Drill resultsGetchell 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 a
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
Resource updateGetchell 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 millio
Drill resultsGetchell 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 s
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 m
Resource updateGetchell 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
Drill results