Colorado SW extended 40m to the southeast on new drill section by holes FCG22-26 and 28; FCG22-26 intersected three significant gold mineralized intervals including 1.8 g/t Au over 29.4 m and 1.1 g/t Au over 83.8 m; FCG22-27 drilled 1.2 g/t Au over 29.9 m partway through the targeted zone prior to the hole being lost; FCG22-28 intersected three significant gold mineralized intervals including 0.8 g/t Au over 98.0 m and 1.3 g/t Au over 58.0 m; Colorado SW 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
Drill Hole FCG22-26 and FCG22-28
Drill holes FCG22-26 and FCG22-28 were centered on a new drill section, a 40 metre step out to the southeast from previous drilling that included FCG20-05 grading 1.8 g/t Au over 90.0 m (Figures 1 to 3).
Both holes revealed excellent gold grade consistency and mineralized thickness in respect to the adjoining drill section, intersecting the Colorado SW zone over a 200m down hole length with highlighted gold intervals detailed in Table 1.
Drill Hole FCG22-27
Drill hole FCG22-27 was designed to test the up-dip continuation of the Colorado SW zone on section with hole FCG20-06 that intersected 1.5 g/t Au over 37.7 m and 1.1 g/t Au over 38.3 m.
FCG22-27 intersected an upper interval returning 1.2 g/t Au over 29.9 m, but the drill rods became stuck and the hole was lost partway through the targeted zone at a depth of 240m (Figure 3).
The Company has traced the Colorado SW zone for over 300m on this section with the mineralization remaining open both up and down dip.
Figure 4 shows the Company's previous drill results on the section 40 metres to the northwest with excellent gold grade consistency and mineralized thickness.
This section is highlighted by holes FCG21-08 and FCG21-11 that intersected the Colorado SW zone grading 1.4 g/t Au over 203.9 m and 0.9 g/t Au over 141.1 m respectively.
Of note, this section is the most northwestern drilled section and is bounded to the northwest by a region absent of any drilling.
Hole FCG22-28 marks the last hole drilled during a very successful 2022 drill program with all gold zones drill tested remaining open along strike and up and down dip.
The Company's technical team is in the process of compiling and analyzing the results from the 2022 drill program for the planning of this year's drill program at
The 2022 drill core is being processed using the same methods as the 2020 and 2021 drill programs. The core is cut at
Highlighted drill intervals are based on minimum interval lengths of 3.3 metres (10 feet), a 0.25 g/t Au cut-off, and a maximum of 3.3 metres of internal dilution, with no top cut applied. Broader reported Intervals may include internal dilution in the calculated average weighted grades. All intervals are reported as downhole drill lengths and additional work is required to determine the true widths.
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For further information please visit the Company's website at www.getchellgold.com or contact the Company by e-mail at info@getchellgold.com or by phone at +1 647 249-4798.
Mr.
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Certain information contained herein constitutes 'forward-looking information' under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'will' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
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