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GTCH: High-Grade Intersected Outside Pit Limits; Extends Zone by 70m

What you need to know:
• Getchell reported assay results from one hole at Fondaway Canyon, testing the northwest strike extension of the Colorado SW Zone.
• Highlights include 5.8 g/t Au over 19.0m, 1.4 g/t Au over 23.6m, and 2.2 g/t Au over 11.2m, extending the zone by ~70m to the NW.
• This is part of the 10-hole 2025 program; assays pending on two holes.
• We recently initiated coverage on GTCH; see the full initiation report here.

This morning, Getchell Gold Corp. (GTCH:CSE, GGLDF:OTCQB, GGA1:FWB) announced high-grade assay results from one drill hole at its Fondaway Canyon project in Nevada. Hole FCG25-36 tested the northwest strike extension of the gold deposit and successfully intersected high-grade ~35m beyond the resource pit shell, extending gold mineralization 70m along strike to the NW (with other strong intercepts throughout the hole). The high-grade discovery intersected 5.8 g/t Au over 19.0m, notably higher than the average grade of the deposit. We are maintaining our BUY rating and target price of C$1.10/share on GTCH.

Though not mentioned in today’s press release, as of the Company's most recent news (November 10th, read our note here), GTCH announced it had completed its 10-hole, 3,346m 2025 diamond drill program. At that point, there were still assays from three holes pending, leaving two holes left after today’s result.

Notable Gold Intervals from Hole FCG25-36:
• 1.4 g/t Au over 23.6m (from 199.7m) – Within Pit Limit
• And 2.2 g/t Au over 11.2m (from 232.9m) – Within Pit Limit
• And 0.4 g/t Au over 14.8m (from 265.0m) – Outside Pit Limit
• And 5.8 g/t Au over 19.0m (from 289.9m) – Outside Pit Limit
o Including 12.9 g/t Au over 6.5m (from 296.3m)

Hole -36 was designed to test the NW extension of gold mineralization in a completely undrilled region. This represents the more northwesterly hole and intersects several zones of mineralization (Figure 2). Within the pit, the gold intercepts are in a previously undrilled area and represent potential to add ounces to the resource. We will note, if the resource can be grown within the pit limit, mining costs will change minimally, but profitability could increase significantly as the material would now be considered ore (also lowering the strip ratio).

The high-grade interval was situated 35m outside the mineral resource pit, extending confirmed gold mineralization 70m to the NW, and the area remains fully open for further expansion.