Getchell Gold Boosts Fondaway Canyon Resources by 21% with Limited Drilling
Event summary
- Getchell Gold's updated Mineral Resource Estimate for Fondaway Canyon shows a 21% increase from just 3,400 meters of drilling in 2025.
- Indicated Mineral Resource grew by 54% to 22.1 million tonnes at 1.40 g/t Au (999 Koz gold).
- Inferred Mineral Resource increased by 8% to 45.6 million tonnes at 1.25 g/t Au (1,812 Koz gold).
- Open pit model expanded by 50-65 meters on strike and dip.
- Company initiated an updated Preliminary Economic Assessment expected mid-year.
The big picture
Getchell Gold's significant resource growth at Fondaway Canyon demonstrates the deposit's robustness and potential for economic extraction. The expansion comes amid rising gold prices, which could enhance project economics. This development positions Getchell favorably in Nevada's competitive gold exploration landscape as it moves toward a more detailed economic assessment.
What we're watching
- Resource Expansion Potential
- Whether continued drilling can further expand the mineralized zones and upgrade inferred resources to indicated status.
- Economic Viability
- How the upcoming Preliminary Economic Assessment will position Fondaway Canyon in terms of project economics and feasibility.
- Market Conditions
- The impact of gold price fluctuations on the project's economic outlook, given the current estimate uses $3,000/oz.