(Star Point IP Resistivity Inversion showing Section and Plan. Image via Getchell Gold Corp. Click to enlarge.)
A copper-gold-silver Company has refined targets at its high-grade Nevada project.
As the shift to renewable energy gets stronger, traders have not gotten their fill yet. Even so, there is a looming crisis for the industry, a problem shared by the construction sector – Heavy reliance on copper when there is a shortage … soon what supply there is may not be able to keep up with growing demand. Copper has gone from a low of $2.10 (USD) / lb. in April 2020 to $3.30 (USD) today.
Meanwhile, this year’s surge in gold prices saw the precious metal break out above the $2,000 / Oz. level. There will continue to be a lot of attention paid to that market and
experts have immense expectations the coming months, with prices ranging from Goldman Sachs’ $2,300 prediction to as high as Bank of America’s estimate of $3,000. Silver prices also show signs of maintaining stability above the $20 / Oz level.
Investors have already taken notice of a public Company operating in Nevada that satisfies all three opportunities.
In late November 2020,
Getchell Gold Corp. (CSE: GTCH, OTCQB: GGLDF, Forum) reported that the Induced Polarization (IP) geophysical survey at its Star Copper-Gold-Silver Project in Pershing County had further identified and refined priority drill targets. Four discrete anomalies exhibited IP geophysical responses that were characteristic of porphyry style mineralization.
In
a news release for investors fully detailing these drill targets, Getchell Gold’s President, Mike Sieb explained that this 2020 IP geophysical survey, with the increased coverage, had accomplished its objective by modelling well defined anomalies that closely fit with the target mineralizing model and may reflect the source of the high-grade mineralization observed at surface.
“The integration and interpretation of the geological and geophysical field programs conducted by Getchell over the last several years has produced notable contestants for the source of high-grade copper, gold and silver observed at surface. I look forward to the drill program planned for the first half of 2021 and the culmination of all our past efforts.”
A series of parallel geophysical survey lines spaced 250 metres apart now covers each of the Star Point and Star South target areas, combined under data from the 2020 IP survey, as well as a previous survey from 2018, along with previous geophysical survey responses (magnetometer and gravimetric surveys).
Geology and structural interpretations have identified several discrete priority drill targets and primarily exhibit a low resistivity response that signifies a highly conductive target and classic characteristics of porphyry style mineralization and alteration.
Situated 400 metres to the southwest of the Star Point copper mine occurrence in an area of basin fill cover lies a coincident low-resistivity high-chargeability anomaly. The anomaly is a high priority target for Getchell Gold. It is bounded by high-angle structures that are like the ones observed at surface at the mineralized Star Point occurrence (see image at top).
The Company had also identified a large low-resistivity zone roughly 500 metres to the northeast of Star Point. At its zenith, it truncates directly below the Star Point surface occurrence led from high angle structures within an overall shallow angle bounding structure that trends upslope to the southwest, where the most intense response was discovered.
Before the Company begins its drill program in the first half of next year to test priority targets, its leadership team anticipates receiving results in December from the drill program that was recently completed at its flagship
Fondaway Canyon Gold Project in nearby Churchill County. Six holes were drilled for a total 1,996 metres (6,550 feet).
With the global refined copper market on the verge of a serious deficit, a Company like Getchell Gold Corp., that can prove it can help meet this demand with its portfolio of proven past producing mines, is a stock that investors should keep aware of during their due diligence into metals and mining opportunities.
For more information on the Company, visit
getchellgold.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.