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GTCH: 1.4 g/t Au over 122m within Resource Pit & More

What you need to know:
• Getchell reported assay results from three drill holes at Fondaway Canyon, testing a 250m undrilled corridor between the Colorado SW and North Fork zones.
• Drilling returned strong intercepts, including 1.4 g/t Au over 122.3m and 2.1 g/t Au over 51.0m, confirming continuity between key zones.
• Today’s results form part of the 10-hole 2025 program, with seven holes reported and assays for three remaining holes expected by year-end.
• We recently initiated coverage on GTCH; see the full initiation report here.

This morning, Getchell Gold Corp. (GTCH:CSE, GGLDF:OTCQB, GGA1:FWB) announced stellar drill assay results at its Fondaway Canyon project in Nevada. The results were from three drill holes as part of its recently completed 10-hole, 3,346m 2025 diamond drill program (results from three additional holes are still pending). Today’s results are highly impressive, with the Company intersecting broad zones of high-grade mineralization. Most notably, the three holes reported today were all within the mineral resource pit shell, but an undrilled gap between two zones.

We recently initiated research coverage on GTCH; read our initiation report here. As a quick refresher, Getchell is the 100%-owner of the past-producing Fondaway Canyon Gold Project in Nevada. In early 2025, GTCH reported a PEA which depicted a low-capex, high-IRR open-pit mine with an annual gold production of 117Koz. At $3,300/oz Au (still well below spot), the after-tax NPV10% is $973M and the IRR is 88%. The capex is low at $227M. We are maintaining our BUY rating and target price of C$1.10/share on GTCH.

Highlights from today’s release: (note, these are highlights, full results here)
• FCG25-33: 1.4 g/t Au over 122.3m, including 4.0 g/t over 6.8m, and including 4.8 g/t over 12.5m (at the end of the hole).
• FGC25-34: 2.1 g/t Au over 51.0m, including 6.9 g/t over 5.0m, and 1.5 g/t over 36.0m.
• FCG25-35: 2.0 g/t Au over 25.7m.