#Mining #Stock News: Getchell Gold Corp.
(CSE: $GTCH.CN) (OTCQB: $GGLDF) (FWB: GGA1) Welcomes John Proust as a
Consultant/Advisor; @getchell_gold
VANCOUVER, BC - November 2, 2023 (Investorideas.com
Newswire) Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF)
(FWB: GGA1) ("Getchell" or the "Company") is pleased to
announce that John Proust has joined the Company as a consultant / advisor,
with the initial aim to assist the Company in meeting its immediate financial
objectives.
Read this news, featuring GTCH.CN
in full at https://www.investorideas.com/CO/GTCH/news/2023/11021John-Proust-Consultant.asp
John Proust is a lifelong entrepreneur and has been an
active participant in the Canadian capital markets for more than 30 years. An
independent businessman, John is a founder, builder, financier, and principal
shareholder of numerous public and private companies. He holds and has held
senior operating roles and board positions of public companies on the TSX
Venture Exchange (TSXV), Canadian Stock Exchange (CSE), Johannesburg Stock
Exchange (JSE), and Alternative Investment Market (AIM). With his extensive
business acumen, he has directed and advised companies with respect to
strategy, debt and equity financing, mergers, acquisitions, corporate
restructuring, and corporate governance.
Mr. Proust is currently Chairman
& CEO of Japan Gold Corp. and Representing Director of Japan Gold's wholly
owned operating subsidiary Japan Gold KK. Japan Gold holds 35 projects across
the 5 major gold districts of Japan, has a countrywide strategic alliance with
Barrick Gold Corporation and includes Newmont Corporation as a significant
shareholder. He is also Chairman & CEO of Southern Arc Minerals Inc. and a
Director of Rise Gold Corp. Mr. Proust has extensive experience in corporate
governance, is a graduate of The Directors College, Michael G. De Groote School
of Business at McMaster University and holds the designation of Chartered
Director (C. Dir.).
"Getchell Gold Corp. offers a
unique opportunity to significantly grow an already sizable gold resource, in a
burgeoning area of Nevada. I look forward to assisting the Company in achieving
its near-term goals and ultimately realizing the full potential value of the
Fondaway Canyon gold project." stated John Proust.
"The recognition, by someone of
John's caliber and experience, and his determination to be an active and
dedicated member of the Getchell Gold team, validates our view of the Company's
merits. We welcome John and anticipate an acute, positive impact from his
involvement." states Bill Wagener, CEO.
Fondaway Canyon Gold Project
Getchell Gold Corp. is delineating a
potential Tier-1 gold resource at its flagship Fondaway Canyon gold project in
Nevada, USA.
Following three consecutive
successful drilling programs, the Company has effectively doubled the size of
the historic resource, firmly placing Fondaway Canyon amongst the foremost
developing projects in a world class mining jurisdiction. The Company recently
published its first Mineral Resource Estimate ("MRE") at Fondaway
Canyon (Company news release dated February 1, 2023):
- Gold mineralization is at and near surface
supporting an Open Pit mine model;
- Inferred Mineral Resource of 38.3 million
tonnes at an average grade of 1.23 g/t Au for 1,509,100 ounces of
gold;
- Indicated Mineral Resource of 11.0 million
tonnes at an average grade of 1.56 g/t Au for an additional 550,800
ounces of gold;
- Strong gold mineralization in the most
peripheral drill holes leaves the mineral resources open in most
directions for further expansion and indicates a substantially larger body
of mineralization than delineated to date (Company news release dated
August 9, 2023); and
- Fully permitted drill program designed to
expand the mineral resources and upgrade Inferred Resources to Indicated.
Getchell Gold Corp. is well
positioned to continue expanding the Mineral Resource Estimate and advancing
towards a Preliminary Economic Assessment.
Scott Frostad, P.Geo., is the
Qualified Person (as defined in National Instrument 43-101) who reviewed and
approved the content and scientific and technical information in the news
release.
Corporate Update
The Company further announces that
incentive stock options to purchase up to 250,000 common shares of the Company
have been granted to Mr. Proust pursuant to the Company's stock option plan.
The options are exercisable at $0.10 per share for a period of five years from
the grant date.
Notes on the Mineral Resource
Estimate:
- Mineral Resources are not Mineral Reserves and
have not demonstrated economic viability. There has been insufficient
exploration to define the Inferred Resource as Indicated or Measured
Mineral Resources, however, it is reasonable to expect that the majority
of the Inferred Mineral Resource could be upgraded to Indicated Mineral
Resources with continued exploration. There is no guarantee that any part
of the mineral resources discussed herein will be converted into a mineral
reserve in the future. The estimate of Mineral Resources may be materially
affected by environmental, permitting, legal, marketing, or other relevant
issues. The Mineral Resources in this report were estimated using the
Canadian Institute of Mining, Metallurgy and Petroleum ("CIM")
standards on mineral resources and reserves, definitions, and guidelines
prepared by the CIM standing committee on reserve definitions and adopted
by the CIM council (CIM 2014 and 2019).
- The effective date of the Mineral Resource
Estimate is December 12, 2022, and a technical report on the Fondaway
Canyon project titled "Technical Report Mineral Resource Estimate
Fondaway Canyon Project, Nevada, USA" was filed by the Company on
SEDAR+ on February 1, 2023.
- The independent and qualified person for the
MRE, as defined by National Instrument 43-101, is Michael Dufresne,
P.Geo., from APEX Geoscience Ltd.
About Getchell Gold Corp.
The Company is a Nevada focused gold
and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB:
GGA1. Getchell Gold is primarily directing its efforts on its most advanced
stage asset, Fondaway Canyon, a past gold producer with a large mineral
resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock,
a past gold producer with a historic resource and two earlier stage exploration
projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to
acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill
County, Nevada.
For further information please visit
the Company's website at www.getchellgold.com or
contact the Company at info@getchellgold.com.
Mr. William Wagener, Chairman &
CEO
The Canadian Securities Exchange has
not reviewed this press release and does not accept responsibility for the
adequacy or accuracy of this news release.
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 positive impact of Mr. Proust's involvement and
Mr. Proust's assistance with the Company in meeting its immediate financial
objectives and the continued expansion of the Mineral Resource Estimate and
potential future Preliminary Economic Assessment. 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.
SOURCE Getchell Gold Corp.
Getchell
Gold (CSE:GTCH.CN;OTCQB:GGLDF)
is a featured mining stock on Investorideas.com
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