Resource Estimate To Be Conducted For Advanced Exploration Stage At Fondaway Canyon Gold Project

VANCOUVER - Getchell Gold Corp. announced that a resource estimation ("2022 Resource Estimate") for the Fondaway Canyon gold project in Nevada will be conducted.

"We have been and continue to be extremely successful in our drill programs and look forward to formally quantifying the mineralization defined to date." said, Mike Sieb, President. "I expect this is only the first such exercise as we continue to expand and delineate the extensive gold mineralizing system so readily evident at Fondaway Canyon."

Fondaway Canyon is an advanced stage gold property with a large historic resource located in Churchill County, Nevada. Gold was first discovered in Fondaway Canyon in 1977 and over the intervening 40+ years has been the subject of multiple exploration campaigns along a 3.5 km E-W gold mineralized corridor totaling over 700 reverse circulation and core drill holes, small-scale open pit mining of the oxidized zone at surface, and underground development for exploration and bulk sampling.

There have been three drill campaigns completed and one ongoing subsequent to the release of a historic resource estimate in early 2017 by a past operator. The full complement of the 2017, 2020, and 2021 drill results combined with any drill results received from the current drill program, cut off date will be incorporated in the 2022 Resource Estimate. The completion of the 2022 Resource Estimate and supporting NI43-101 technical report is targeted for late September 2022.

There have been significant advancements and discoveries since the publishing of the historic resource estimate. The delineated envelope of the gold mineralization in the Central Area has considerably expanded with the to-date defined mineralization ranging 600 meters E-W along strike, 800 meters down dip to the SW, and approximately 100 meters thick. Within this envelope, substantial and very high-grade shear vein structures with significant depth extents contribute to the potential. The drilling has yet to test the full extent of the gold mineralization and the mineralization remains open in most directions.