SAN FRANCISCO, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Precious metals expert Michael Ballanger profiles Getchell Gold Corp. (GTCH:CSE) and explains why he believes the company's large landholdings in Nevada have the potential to become a world-class asset.
Company mentioned: Getchell Gold Corp.
Buena Vista Gold recently merged with Getchell Gold; the shares began trading on the Canadian Stock Exchange under symbol GTCH on December 3. The company recently closed a small private placement consisting of a $0.45 unit including a full warrant at $0.52, the proceeds of which will finance four reverse circulation drill holes at HSP by year-end in order to better understand the geophysical signatures of the surface alteration and gold-copper mineralization outlined in Phase 2 of the NI-43-101 report. This is a sound move as it will serve to further de-risk the project and fine tune targeting for core drilling in the spring.
In the two main projects, Hot Springs Peak and Star Point, the geophysical signatures have confirmed a degree of scale while the geochemistry has provided surface evidence of the right pathfinder minerals and of the sought-after metals, gold and copper. It will all boil down to core drilling and metallurgical testing to define the size and recoverability of the mineralization found. Since the Hot Springs Peak project has already been prepared for drilling by way of money spent in 2017-18, the upcoming drill program will be an exciting launch for all Getchell shareholders, both current and prospective.
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DISCLOSURE:
Michael J. Ballanger: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Getchell Gold. My company has a financial relationship with the following companies referred to in this article: Getchell Gold.
The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Golden Standard Ventures. Click here for important disclosures about sponsor fees. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Getchell Gold.
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