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Thursday, Feb 9, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Getchell Gold Colorado assays display significant gold mineralization intervals

The Colorado southwest extended 40 metres to the southeast on new drilling near holes FCG22-26 and FCG22-28

Getchell Gold team. Image via Getchell Gold.

Getchell Gold (CSE: GTCH) (OTCQB: GGLDF) provided assay results for drill holes FCG22-26 and FCG22-28 showing significant gold mineralization intervals, and the extention of the Colorado southwest zone towards the southeast in the central area of the Fondaway Canyon project in Nevada.

The Colorado southwest extended 40 metres to the southeast on new drilling near holes FCG22-26 and FCG22-28. The former had three significant gold intersect intervals including 1.8 g/t Au over 29.4 meters and 1.1 g/t Au over 83.8 meters.

The latter drilled 1.2 g/t Au over 29.9 meters partway through the targeted zone before losing the hole.

Finally, the FCG22028 intersected three gold mineralized intervals including 0.8 g/t Au over 98 meters and 1.3 g/t Au over 58. The Colorado southwest zone remains open in all directions.

“Stepping out into a new area comes with its risks and rewards.  In this instance, our drilling has successfully demonstrated that the Colorado SW gold zone clearly extends along strike to the southeast while maintaining a considerable thickness.” states Mike Sieb, President, Getchell Gold Corp.

Read more: Nevada King expands Nevada drill program by 33% to 30K metres

Read more: Barsele Minerals gives operational update for Swedish gold pursuit

Getchell drill holes reveal excellent gold grade consistency

Getchell gold foldaway map. Map via Getchell Gold.

Drill holes FCG22-26 and FCG22-28 were centered on a new drilling section including a 40 metre step out to the southeast from previous drilling. The previous drilling included FCG20-05 grading 1.8 g/t Au over 90 meters.

Both holes discovered excellent gold grade consistency and mineralized thickness compared to the connecting drill section. They intersected the Colorado southwest zone over 200 metres down hole length.

Getchell Gold has revealed the Colorado southwest zone for over 300 metres on this section. The mineralized remains open up and down dip as well as along strike to the southeast, which is a region that hasn’t been drilling yet.

Conversely, the company designed drill hole FCG22-27 to test the up-dip continuation of the Colorado southwest zone on the section with hole FCG20-06. The previous hole intersected 1.5 g/t Au over 37.7 meters and 1.1 g/t Au over 38.3 meters.

FCG22-27 intersected an upper interval and brought in 1.2 g/t Au over 29.9 meters, but lost the hole at 240 meters as the drill rods became stuck.

Getchell Gold revealed the Colorado southwest zone for over 300 meters here with the mineralization open both up and down dip. This section includes holes FCG21-08 and FCG21-11 respectively. They intersected the Colorado southwest zone grading 1.4 g/t Au over 203.9 meters and 0.9 g/t Au over 141 meters.

NevGold also reports positive results in Nevada

NevGold (TSXV:NAU) (OTCQX:NAUFF) is another gold junior digging holes and finding positive results in Nevada. The company’s focuses right now is on the Limousine Butte project in Nevada and Nutmeg Mountain in Idaho. Specifically, the drilling program at Resurrection Ridge in Nevada returned positive results, expanding its mineralized footprint by over 100 meters.

NevGold’s share price dropped 1.3 per cent today and is presently trading at $0.39.

 

NevGold is a sponsor of Mugglehead news coverage

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