2021 Drill Program Update At Fondaway Canyon Gold Project And Star Copper-Gold-Silver Project

TORONTO - Getchell Gold Corp. announced an exploration update on the Fondaway Canyon Gold Project and the receipt of drill permits for additional drill pads at Fondaway as well as for the inaugural drill program at the high-grade Star Copper-Gold-Silver project. Both projects are located in Nevada.

The Company is currently drilling its Phase One 4,000 meter 2021 drill program at the Fondaway Canyon Gold Project as announced prior. Two drill holes of the 2021 program, FCG21-07 and FCG21-08, have been completed and the drill core has been delivered to the analytical lab for analysis. Both drill holes were drilled southwest from the Colorado Pit to expand on the high-grade gold Juniper zone and the thick Colorado SW Extension zone recently intersected by holes FCG20-02 and FCG20-03.

FCG21-07 and FCG21-08 were designed as 40m respective lateral and vertical step-outs to the Colorado SW Extension interval intersected in FCG20-02. Both drill holes similarly functioned as a step-out to the high-grade Juniper zone. The two 2021 holes reached their targeted depths and the assay results are expected in late July to early August.

As previously planned, the drill will commence a series of holes targeting the North Fork Zone, starting with FCG21-09, before circling back to continue expanding on the Juniper and Colorado SW Extension gold mineralized zones.

The permitted Central Target Area is host to a sizable historic resource and is where the 100-meter-thick Colorado SW Extension and the North Fork zones were discovered in late 2020. The newly permitted Pediment Target Area is the site of two historic drill holes that each intercepted broad gold bearing intervals in 2002 and has yet to be properly characterized. As the drill campaign at Fondaway progresses, additional drill pads and access roads will be permitted as required.

The 2021 drill program at the high-grade Star Copper-Gold-Silver project is scheduled to commence upon completion of the Fondaway Pediment target area drill hole. The Star project is located approximately 60 kilometers north of Fondaway Canyon. The Company has now received an exploration permit to commence building drill pads and access routes for the three initially planned holes. Targets of the 2021 drill program include a highly prospective geophysical target located beneath the historic Star Point Copper Mine and a strong geophysical response located near the Star South high-grade Copper-Gold-Silver occurrences. For a comprehensive summary of these two highly mineralized surface occurrences.