Getchell Gold (CSE:GTCH) - Low Cost 117,000oz pa with 10.5 year Life of Mine

Aug 23, 2025

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Interview with Mike Sieb, President & Director of Getchell Gold Corp.

Recording date: 20th August 2025

Getchell Gold Corp (CSE:GTCH) has transformed from a debt-burdened explorer into a financially robust developer with one of Nevada's most promising gold projects. The company's Fondaway Canyon Gold Project now hosts a substantial 2.3 million ounce resource at attractive grades of 1.3-1.5 grams per ton, representing more than double the original historic resource acquired in 2020.

The project's economics demonstrate compelling fundamentals through a preliminary economic assessment showing over 50% internal rate of return. The proposed operation would process 8,000 tons per day through conventional open-pit mining, producing 117,000 ounces annually over 10.5 years with operating costs of $1,200 per ounce and capital expenditure requirements of $220 million.

Located in Nevada's premier gold mining district between the established Carlin and Walker Lane trends, Fondaway Canyon benefits from proven geology and existing infrastructure. Three processing facilities within 200 miles provide ready markets for the project's conventional sulfide concentrate, while favorable local regulations support development in Churchill County.

President Mike Sieb's team has achieved exceptional drilling success, with all 26 recent drill holes intersecting significant mineralization. "By the end of that program I was saying okay well I'm expecting to hit gold and not very many people can say that," Sieb noted, highlighting the geological consistency of the deposit.

The company has systematically strengthened its balance sheet, eliminating 95% of outstanding debt while maintaining $5 million cash and $10 million in in-the-money warrants. This financial flexibility supports an aggressive drilling program targeting resource expansion toward 3 million ounces, with an updated economic study planned for Q2 2026.

With only 25% of the four-kilometer gold corridor explored to date, Fondaway Canyon represents significant district-scale potential in one of North America's most prolific gold-producing jurisdictions.

View Getchell Gold's company profile: https://www.cruxinvestor.com/companies/getchell-gold-corp