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Getchell Gold Corp C.GTCH

Alternate Symbol(s):  GGLDF

Getchell Gold Corp. is a Canada-based gold and copper exploration company. The Company is engaged in identification, acquisition and exploration of properties for mining of precious and base metals. It has four exploration assets in Nevada, United States of America. Its projects include Fondaway Canyon, Star Project, Dixie Comstock and Hot Springs Peak. The Fondaway Canyon is a gold property located in Churchill County, Nevada. The Star project comprises of two main mineralized occurrences, the formerly producing Star Point copper mine and the Star South Cu-Au-Ag. The Star project consists of 199 lode mining claims located in Pershing County Nevada approximate 65 kilometers southwest of Winnemucca, Nevada on the east side of the Buena Vista Valley. The Dixie Comstock, located in Churchill County, Nevada, consists of 26 unpatented lode claims. The Hot Springs Peak property consists of 167 unpatented lode mining claims in the northern Hot Springs range in Humboldt County, Nevada.


CSE:GTCH - Post by User

Post by SuneeDazeon Feb 14, 2021 1:47pm
267 Views
Post# 32565058

Getchell Webinar

Getchell WebinarBelow are a few “takeaways” from Getchell's Friday webinar.  The video link is at the bottom of my summary. 
 
* GTCH will be one of the most active juniors in the area this coming year
 
* the historic resource of approx. 1 MT (indicated and inferred) is in excess of 6 g/t gold
 
* that resource was using a very high cut off grade of 3.4 g/t gold, essentially using a cut off grade suitable for underground operations…that alone allows for a significant increase in the resource if a lower cut off (e.g. 0.5-1 g/t) is used
 
* Paperweight Zone is only 250 m long, but hosts about 50% of that historic resource
 
* the central area of Fondaway is 800 m x 800 m x 400 m, and will be where much of the focus is to further delineate and expand the resource
 
* Mike stated that there is “huge potential” to expand the resource, and the story is, “how far can we take it.”
 
* plan is to drill about a dozen holes in 2021 Phase 1 program of about 4000 m
 
* there’s a drill reserved for the year; they’ll be compiling and analyzing data, planning over the next month
 
* they’ve got $1.6 million in the treasury with warrants (most in the money) that could bring in another $3.5 million
 
The data was very well presented, and it’s easy to see the considerable potential of this deposit/property.  Mike was quite impressive with his knowledge of the geology/deposit as well as in conveying the company’s intentions to advance exploration while aligning interests with shareholders by effectively managing funds/share float.  It’s going to be an exciting spring for GTCH holders.
 
Have a good day…and Happy Valentines Day!  

https://www.youtube.com/watch?v=ZU0wobeqbKk

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