{"id":1187790,"date":"2020-06-02T08:15:00","date_gmt":"2020-06-02T13:15:00","guid":{"rendered":"https:\/\/www.mining.com\/?p=1025704"},"modified":"2020-06-02T08:15:00","modified_gmt":"2020-06-02T13:15:00","slug":"getchell-gold-raises-funds-to-kick-off-drill-campaign-at-nevada-gold-copper-projects","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1187790","title":{"rendered":"Getchell Gold raises funds to kick off drill campaign at Nevada gold\/copper projects"},"content":{"rendered":"

Getchell Gold (CSE: GTCH) closed a non-brokered private placement whose net proceeds of $700,000 will be used for the next stage of exploration at the company\u2019s Fondaway Canyon, Dixie Comstock and Star Point properties in Nevada.<\/p>\n

In a press release, Getchell said the private placement totals 2,800,000 units at a price of $0.25 per unit. At the same time, each unit consists of one common share and one-half of one warrant of the company. <\/p>\n

The Toronto-based miner said that, for Fondaway Canyon, it is currently designing a drill program whose goal is to provide high-value enhancement relative to cost and set the stage for the further advancement and development of the project.<\/p>\n

\n
\n

Fondaway Canyon is Getchell Gold\u2019s flagship project and a past gold producer with a significant in-the-ground historic resource estimate<\/p>\n<\/blockquote>\n<\/figure>\n

Fondaway is located in Churchill County and contains 170 unpatented lode claims. Mineralization is contained in a series of 12 steeply dipping en-echelon quartz- sulphide shears outcropping at surface and extending laterally over 1,200 metres, with drill-proven depth extensions to > 400 metres. <\/p>\n

The property has a history of previous surface exploration and mining in the late 1980s and early 1990s, while a 2017 technical report shows a historical estimate of indicated resources of 409,000 oz. Au contained in 2,050,000 tonnes grading 6.18 g\/t and inferred resources of 660,000 oz. Au contained in 3,200,000 tonnes grading 6.4 g\/t, using a 1.8-metre width cut-off and a cut-off grade of 3.43 g\/t Au.<\/p>\n

Dixie Comstock, on the other hand, consists of 26 unpatented lode claims and is a low-sulfidation, epithermal gold system localized along a moderately dipping range-front normal fault on the east flank of the Stillwater Range, also in Churchill County.<\/p>\n

Dixie is the site of a historic mine with surface and four levels of underground development. A historic 1991 geologic and mining study completed by Mine Development Associates of Reno estimated a geologic resource containing 146,000 ounces of gold in 4.26 million tonnes grading 1.063 g\/t Au at a cut-off grade of 0.34 g\/t Au.<\/p>\n

Star Point consists of 199 lode mining claims and is situated 65 kilometres to the north of Fondaway Canyon, in Pershing County. It is the site of a historic, near-surface, copper mining operation underlain by a magnetically defined intrusion. <\/p>\n

According to Getchell, an IP-Resistivity survey conducted in 2018 over the intrusion returned chargeability and resistivity highs interpreted as potential copper sulphide mineralization, possibly intrusion-related. The primary target at Star Point is the strong conductor lying below the historic high-grade copper oxide mine.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Canadian miner will start working on its Fondaway Canyon, Dixie Comstock, and Star Point properties.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1187790"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1187790"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1187790\/revisions"}],"predecessor-version":[{"id":1187792,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1187790\/revisions\/1187792"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1187790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1187790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1187790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}