Компания Getchell Gold Corp. представила предварительную экономическую оценку золотого проекта Fondaway Canyon в Неваде

VANCOUVER, BC, Sept. 3, 2026 /CNW/ -- Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce the filing of the Preliminary Economic Assessment ("PEA") on the Company's 100%-owned Fondaway Canyon gold project ("Fondaway Canyon" or "Project") in Nevada. The PEA outlines an open pit mining and conventional 12,000 tonne per day ("tpd") milling operation with an initial planned mine life of approximately 10 years. The PEA contemplates the production and sale of a high-grade concentrate to a 3rd party refinery for pressure oxidation or roasting followed by cyanidation to produce doré. PEA Highlights "At $3,200 per ounce base case gold price, the PEA outlines a highly robust, US$1 billion pre-tax net present value, open pit mining operation. Considering the Project's sensitivity to gold price, the economic potential of the Fondaway Canyon project at today's gold price is staggering. Moreover, Fondaway Canyon stacks up to some very impressive neighbors. With an average production profile of 150,000 ounces of gold per year, Fondaway Canyon would likely place in the top 10 gold mining operations in Nevada." stated Mike Sieb, President. "The strong economics outlined in the PEA and the potential prominence of a Fondaway Canyon mining operation in a renowned gold producing region deliver high expectations for the Project and significant valuation upside potential for Getchell Gold Corp." stated Bob Bass, Chairman. The PEA is available for download on SEDAR and on the Company's website. The results of the PEA were initially released on July 21, 2026 (refer to as dated Company news release). PEA Overview and Financial Analysis The PEA contemplates an open pit operation using contract mining and processing 4.1 million tonnes per annum ("mtpa") or 12,000 tonnes per day. The mill feed will be trucked from the open pit in the Central Area, accounting for approximately 68% of the global mineral resource currently defined at Fondaway Canyon. Table 1: Economic Parameters The PEA demonstrates strong margins, rapid payback and significant free cash flow generation with the Base Case reporting Pre- and Post-Tax NPV8% of $1,004 and 905 million respectively (Table 2). This represents a substantial >60% increase compared to the previously published PEA ("2025 PEA") (refer to Company news release dated February 7, 2025) attributable to a simplified process flow sheet, increased annual throughput and higher gold price. Table 2: Project Economics Summary Sensitivity analysis reveals a strong leverage to gold price (Tables 3) with a High Case post-tax NPV of approximately US$1.5 billion and an IRR of approximately 85%, while maintaining the same mine plan and operating assumptions. Table 3: Economic Sensitivity to Gold Price Mine Plan and Minable Resource Estimate The open pit optimization model yielded a series of nested pit shells that prioritize the extraction of the most economically viable and most economically robust material. The mine will be developed in consecutive phases to manage the operating stripping ratio and to provide consistent mill feed. The final pit limit and 3D gold grade block model encapsulated within the pit are shown in Figure 1. The pit shell selected as the optimal pit shell contains a total tonnage of 339.1 Mt including 18.8 Mt of Indicated Mineral Resource at 1.46 g/t, and 24.1 Mt of Inferred Mineral Resource at 1.32g/t to be processed for 1.90 Moz of contained gold, representing a 28% increase compared to the 2025 PEA. The production schedule is based on a nominal rate of 12,000 t/d processed (4.2 Mt/y) and the average LOM stripping ratio is 6.9:1 waste-to-processed material, using a 0.41 g/t Au cut-off grade. The annual production schedule is shown in Figure 2. Metallurgical Testing and Recoveries A conceptual flotation plant was designed, with the facility processing oxide and sulfide mineralization. The PEA utilized recoveries estimated across the material types for an average gold recovery to concentrate of 84%, with 80% recovery to sold metal. Additional metallurgical test work is recommended for Fondaway Canyon to optimize the grind size, the open circuit flotation process, and to define the dry stack tailings process and cost. Mineral Processing A processing throughput of 12,000 tpd was selected aimed at maximizing gold recovery in conjunction with minimizing concentrate mass pull (which must be confirmed with additional test work), and on minimizing capital expenditure and operating costs. The process flowsheet will consist of three stages of crushing followed by ball mill grinding, rougher flotation, and three stages of cleaner flotation in open circuit to produce high-value concentrate (Figure 3). The cleaner flotation tailings will be combined and fed to gravity concentration. The gravity concentrate will be combined with the flotation concentrate and gravity tailings will be combined with rougher tailings, filtered, and dry stacked. The reagents, namely xanthate, AP 404 and AF 65 will be added to the mill. A review of the CAPEX and OPEX for various processing options indicated that the most promising approach at this stage of the study is to produce a gold-rich concentrate (± 20 g/t Au) and ship/sell it to a processing facility in Nevada. Post final processing, it is estimated that the mine plan will recover 1.52 million ounces gold over a 10-year life of mine ("LOM") with average annual gold production of 150,000 oz (Figure 2) representing a 28% increase compared to the 2025 PEA. Capital Costs The capital cost estimate is based on an open pit mining and flotation mill operation processing 4.2 mtpa utilizing contract mining. A life of mine capital expenditure of $265.3 million (including 20% construction contingency) has been estimated to construct the Project. The breakdown of construction and capitalized stripping is shown in Table 4. Table 4: Capital Cost Estimate Due to the use of contract mining and the 10 years life of the plant, sustaining capital has not been considered in this study. Maintenance is included in operating expenses. Capital costs are based on published industry averages in the US. Operating Costs The Project is modelled as an open pit mine utilizing contract mining with mined material trucked to a plant for crushing, milling, and flotation concentration. The PEA contemplates the production and sale of a high-grade concentrate to a 3rd party pressure oxidation refinery for final processing. Operating costs for the life-of-mine are estimated at $2,093 million ($1,373/oz produced). Total Cash costs over LOM are estimated at $2,652 million ($1,740/oz produced) and include operating costs, refining charges, and royalties (Table 5). Table 5: Operating Cost Estimate Costs for transportation, oxidation, leaching, refining, and profit for a 3rd party is included in the operating cost. Notes on the PEA: Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. The PEA is preliminary in nature, includes Inferred and Indicated Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that PEA results will be realized. There has been insufficient exploration to define the Inferred Resources tabulated above as an Indicated or Measured Mineral Resource, however, it is reasonably expected that most of the Inferred Mineral Resources 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. All amounts are in United States dollars unless otherwise specified. Base case parameters assume a gold price of $3,200 per ounce. NPV is calculated as of the commencement of construction and excludes all pre-construction costs. All figures are displayed on a 100% ownership basis. (1) Operating costs consist of mining costs, processing costs and mine site G&A.(2) Cash costs consist of operating costs plus treatment and refining charges and royalties. The PEA was prepared by SLR Consulting, of Fort Collins, Colorado ("SLR") as the lead consultant in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). SLR was the lead study manager for mine planning, design parameters, and operating and capital cost estimates. The PEA was supported by DM Consulting LLC. (metallurgical studies, process design, process facilities, and plant site infrastructure) and APEX Geoscience Ltd. (mineral resource estimate). The effective date of the PEA is June 1, 2026, the date of the PEA is February 2, 2026, and the technical report has been filed and is available for download on the System for Electronic Document Analysis and Retrieval (SEDAR). Mineral Resource Estimate The PEA is supported by the 2026 Updated Mineral Resource Estimate ("2026 MRE") produced by APEX Geoscience Ltd. of Edmonton, Alberta, with an effective date of April 13, 2026 (refer to Company news release dated April 30, 2026). Table 6 Fondaway Canyon Global Mineral Resource Estimate The PEA solely utilized the open pit mineral resources of the Central zone as a basis for the economic model. The PEA did not include the Inferred mineral resources reported outside of this zone, comprising the Central zone's underground and all other open pit Inferred resources reporting along the Fondaway Canyon gold corridor. Table 7 Fondaway Canyon Mineral Resource Estimate* by Zone *Notes on the 2024 Mineral Resource Estimate are provided below. Notes on the Mineral Resource Estimate: Qualified Persons The Qualified Person overseeing the minable resource estimate used for the economic analysis is Jonathan R. Heiner, SME-RM, from SLR Consulting, Inc. The Qualified Person overseeing the metallurgical testing and mineral processing is Deepak Malhotra, SME-RM, from DM Consulting, LLC. The Qualified Person overseeing the overall Preliminary Economic Assessment report and the economic analysis is Donald E. Hulse, SME-RM, from SLR Consulting, Inc. The independent and Qualified Person for the mineral resource estimate, as defined by NI 43-101, is Kevin Hon, B.Sc., P.Geo., Senior Resource Geologist from APEX Geoscience Ltd. Michael Dufresne, M.Sc., P.Geo., President & CEO of APEX, an independent and Qualified Person as defined by NI 43-101, completed a peer review of the estimate. The Qualified Person (as defined in NI 43-101) who reviewed and approved the scientific and technical information in the news release is Patrick McLaughlin, P.Geo., VP Exploration at Getchell Gold Corp. and is non-independent. 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. 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 statements with respect to the Preliminary Economic Assessment, Mineral Resource Estimate, future activities including but not limited to continued drill success, conversion of inferred resources to indicated resources, conversion of resources to reserves, metallurgical test work and results, and development of the Project. 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. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2026/03/c4391.html