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