New High-Grade Zone Discovery Sends This Junior Miner's Shares Higher

2025-11-10 11:09:00 ET

Gold prices are climbing this morning after news that the U.S. Senate has approved the first phase of a deal aimed at ending the government shutdown. The rally comes as the proposed deal is expected to further expand U.S. debt, including “tariff” checks to most households and other debt-raising measures, factors that tend to boost demand for non-fiat safe-haven assets like gold. As long as Washington continues to sidestep meaningful debt reduction, investor interest in gold is likely to remain strong.

While gold is posting solid gains today, one gold miner is outperforming the broader sector on the back of impressive new assay results from its Nevada project. Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) has released new assay results from drill holes FCG25-33 to FCG25-35 at its 100%-owned Fondaway Canyon gold project in Nevada. The program targeted a previously untested 250-meter area between the Colorado SW and North Fork zones, successfully confirming strong gold continuity and uncovering new mineralized zones. Hole FCG25-33 returned multiple intercepts, including 1.4 g/t gold over 122.3 meters and 1.0 g/t over 22.1 meters, finishing in a promising interval grading 4.8 g/t gold over 12.5 meters—potentially marking the discovery of a deep, high-grade gold structure.

Additional holes continued to expand the mineralized footprint. FCG25-34 intersected several significant zones, highlighted by 2.1 g/t gold over 51.0 meters and 1.5 g/t over 36.0 meters, reinforcing the link between the Colorado SW and North Fork areas while extending mineralization 125 meters along strike and 80 meters down-dip. Meanwhile, FCG25-35 cut multiple high-grade structures, including 2.0 g/t gold over 25.7 meters. Together, these results further solidify Fondaway Canyon’s potential as a large, continuous gold system with expanding high-grade zones.

"The most recent drill holes confirm strong lateral continuity of mineralization in the 250m gap between the Project's biggest discoveries, the Colorado SW and North Fork gold zones.  This is a critical development addressing and adding to the in-pit resource model as well as supporting strong confidence for further expansion at the Fondaway Canyon gold project." stated Mike Sieb, President, Getchell Gold Corp.

Shares of GTCH are currently up 18.75% at $0.38 while U.S. listed shares (GGLDF) are trading up 21.37% at $0.28 in late-morning trading.

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