# Getchell Gold Corp. Files $1 Billion NPV Preliminary Economic Assessment - Fondaway Canyon Gold Project, NV Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94 Original source: https://www.newswire.ca/news-releases/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway-canyon-gold-project-nv-857110134.html Publisher: cnw Original announcement: 2026-09-11T23:57:46.640Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Getchell Gold Corp. - Ticker: GTCH - Exchange: Unavailable - Region: Nevada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Metallurgy, Other - Extracted: 2026-09-12 00:26:41 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Getchell Gold Corp. announced a Preliminary Economic Assessment \(PEA\) for its Fondaway Canyon gold project in Nevada, revealing robust economics with a $1 billion pre-tax NPV and a 58.8% IRR at a $3,200/oz gold price. The PEA projects a 10-year mine life, 1.52 million ounces of gold recovered, and average annual production of 150,000 ounces. This represents a 28% increase in contained gold and annual production compared to the previous 2025 PEA, driven by an updated 2026 Mineral Resource Estimate and refined metallurgical test work. Reasoning: The Preliminary Economic Assessment \(PEA\) for the Fondaway Canyon gold project outlines robust economics with a $1 billion pre-tax NPV and a 58.8% IRR, representing a significant increase over the prior PEA. This is supported by an updated Mineral Resource Estimate showing increased Indicated resources and positive metallurgical test work, indicating strong potential for the project. - Positive factor: Strong NPV and IRR - Positive factor: Significant increase in contained gold and annual production - Positive factor: Updated Mineral Resource Estimate with increased Indicated resources - Positive factor: Positive metallurgical test work - Positive factor: Significant growth potential - Negative factor: PEA is preliminary in nature - Negative factor: Includes Inferred resources - Negative factor: No certainty results will be realized - Negative factor: Refractory ore requiring complex processing - Negative factor: Metallurgical test work not yet fully optimized or at pilot scale - Negative factor: Limited domain coverage for metallurgy Facts used in scoring: 11 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces an Updated Mineral Resource Estimate completed in April 2026. Evidence · text > The PEA incorporated the Updated Mineral Resource Estimate completed in April 2026 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The PEA and Mineral Resource Estimate were prepared in accordance with National Instrument 43-101. Evidence · text > 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 \("NI 43-101"\). **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Multiple Qualified Persons are named and responsible for different aspects of the PEA and MRE. Evidence · text > 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. **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: The PEA reports a 28% increase in contained ounces of gold and the MRE shows a 54% increase in Indicated Mineral Resources and an 8% increase in Inferred relative to the previous 2024 MRE. Evidence · text > 28% increase in both contained ounces of gold and average annual gold production; and The PEA incorporated the Updated Mineral Resource Estimate completed in April 2026 that reported a 54% increase in Indicated Mineral Resources and an 8% increase in Inferred relative to the previous 2024 Mineral Resource Estimate **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The Updated Mineral Resource Estimate reported a 54% increase in Indicated Mineral Resources. Evidence · text > 54% increase in Indicated Mineral Resources **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The mineral resource is reported with specific cut-off grades for open pit \(0.3 g/t Au\) and underground \(1.5 g/t Au\) scenarios. Evidence · text > The mineral resource is reported at a lower cut-off of 0.3 g/t Au for the conceptual open pit and 1.5 g/t Au for the conceptual underground extraction scenario. **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource estimate includes a significant portion classified as Indicated Mineral Resources. Evidence · table > Indicated Context: 22,108 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource estimate includes a substantial portion classified as Inferred Mineral Resources. Evidence · table > Inferred Context: 45,583 **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The PEA contemplates a conventional milling operation with flotation. Evidence · text > conventional 12,000 tonne per day \("tpd"\) milling operation **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: The processing involves producing a concentrate for a 3rd party refinery for pressure oxidation or roasting followed by cyanidation, indicating refractory ore. Evidence · text > The PEA contemplates the production and sale of a high-grade concentrate to a 3 rd party refinery for pressure oxidation or roasting followed by cyanidation to produce doré. **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: The estimated gold recovery to sales of 80% is at the weak end of the typical range for a mill route, even considering refractory ore. Evidence · text > estimated gold recovery to sales of 80% **Bench Scale Only** Polarity: negative Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: Additional metallurgical test work is recommended to optimize the grind size and flotation process, suggesting current work is not yet at pilot scale. Evidence · text > 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. **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: The scope of the PEA was limited to the open pit mineral resource in the Central Area, implying limited domain variability testing for metallurgy. Evidence · text > The scope of the PEA was limited to the open pit mineral resource in the Central Area of the Project **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **POX/BIOX Route** Polarity: neutral Definition: Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX. Why it applies: the document describes a pox\_biox route \("pressure oxidation"\) ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Resource Estimates (9) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-0) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Hon, Michael Dufresne, Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Patrick McLaughlin - Resource group id: resource:7c5adcb852b1f341ae65 - Deposit or zone: Global #### Resource Data - Category: indicated - Tonnes: 22108000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 999000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-04-13 #### Lab - Laboratory: APEX Geoscience Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Significant indicated resource with good grade, showing growth from previous estimate. - Positive factor: Category Upgrade - Positive factor: Tonnage Growth Evidence · table > 999 Context: 22,108 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-1) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Hon, Michael Dufresne, Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Patrick McLaughlin - Resource group id: resource:e3487914cfcd6379ba53 - Deposit or zone: Global #### Resource Data - Category: inferred - Tonnes: 45583000 - Grade: 1.24 - Grade Unit: g/t - Contained Metal: 1812000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-04-13 #### Lab - Laboratory: APEX Geoscience Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Large inferred resource with potential for upgrade, showing growth from previous estimate. - Positive factor: Tonnage Growth - Negative factor: Inferred Resource Evidence · table > 1,812 Context: 45,583 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-2) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Hon, Michael Dufresne, Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Patrick McLaughlin - Resource group id: resource:c8a32512fd8efac0d556 - Deposit or zone: Central #### Resource Data - Category: indicated - Tonnes: 22092000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 998000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-04-13 #### Lab - Laboratory: APEX Geoscience Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Significant indicated open pit resource in the Central zone with good grade. - Positive factor: Category Upgrade - Positive factor: Tonnage Growth Evidence · table > 998 Context: 22,092 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-3) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Hon, Michael Dufresne, Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Patrick McLaughlin - Resource group id: resource:0dfdd8401a707bc052b3 - Deposit or zone: Central #### Resource Data - Category: indicated - Tonnes: 16000 - Grade: 2.08 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 1.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-04-13 #### Lab - Laboratory: APEX Geoscience Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Small indicated underground resource in the Central zone with higher grade. - Positive factor: Category Upgrade Evidence · table > 1 Context: 16 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-4) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Hon, Michael Dufresne, Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Patrick McLaughlin - Resource group id: resource:26cd0cec6a7353131d56 - Deposit or zone: Central #### Resource Data - Category: inferred - Tonnes: 37619000 - Grade: 1.22 - Grade Unit: g/t - Contained Metal: 1476000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-04-13 #### Lab - Laboratory: APEX Geoscience Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Large inferred open pit resource in the Central zone with potential for upgrade. - Positive factor: Tonnage Growth - Negative factor: Inferred Resource Evidence · table > 1,476 Context: 37,619 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-5) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Hon, Michael Dufresne, Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Patrick McLaughlin - Resource group id: resource:cfee9392437004e93a0c - Deposit or zone: West #### Resource Data - Category: inferred - Tonnes: 3248000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 90000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-04-13 #### Lab - Laboratory: APEX Geoscience Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Smaller inferred open pit resource in the West zone. - Negative factor: Inferred Resource Evidence · table > 90 Context: 3,248 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-6) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Hon, Michael Dufresne, Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Patrick McLaughlin - Resource group id: resource:cc3e1c397765aef9d07a - Deposit or zone: East #### Resource Data - Category: inferred - Tonnes: 3687000 - Grade: 1.35 - Grade Unit: g/t - Contained Metal: 160000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-04-13 #### Lab - Laboratory: APEX Geoscience Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Smaller inferred open pit resource in the East zone. - Negative factor: Inferred Resource Evidence · table > 160 Context: 3,687 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-7) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Hon, Michael Dufresne, Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Patrick McLaughlin - Resource group id: resource:e1e3edc853863f7e9628 - Deposit or zone: Central #### Resource Data - Category: inferred - Tonnes: 1029000 - Grade: 2.6 - Grade Unit: g/t - Contained Metal: 86000 - Contained Unit: oz - Cutoff Grade: 1.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-04-13 #### Lab - Laboratory: APEX Geoscience Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Inferred underground resource in the Central zone with higher grade. - Negative factor: Inferred Resource Evidence · table > 86 Context: 1,029 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-resource-facts-10) Edmonton #### Identity - Project: Edmonton - Region: canada\_ab - Reported Region: Alberta - Ticker: GTCH #### Resource scope - Estimate type: resource - Resource group id: resource:27b46714dbf19d95642e #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Explicit resource disclosure recovered from source prose. Evidence · text > The mineral resource is reported at a lower cut-off of 0.3 g/t Au for the conceptual open pit and 1.5 g/t Au for the conceptual underground extraction scenario. #### Tags used in scoring **Cut-off Lowered** Polarity: negative Definition: Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation. Why it applies: The mineral resource is reported at a lower cut-off of 0.3 g/t Au for the conceptual open pit and 1.5 g/t Au for the conceptual underground extraction scenario. Evidence · text > The mineral resource is reported at a lower cut-off of 0.3 g/t Au for the conceptual open pit and 1.5 g/t Au for the conceptual underground extraction scenario. Context: Edmonton, Alberta **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## Metallurgical Results (2) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-metallurgical-facts-8) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation to concentrate, then 3rd party pressure oxidation or roasting followed by cyanidation - Sample: overall project average #### Recovery - Recovery: 80 % - Recovery Basis: to\_payable\_metal - Head Grade: 1.38 - Head Grade Unit: g/t - Conc. Grade: 20 - Conc. Grade Unit: g/t #### Reagents - Reagent Notes: reagents, namely xanthate, AP 404 and AF 65 will be added to the mill. #### Lab - Laboratory: DM Consulting LLC - Consultant: DM Consulting LLC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Overall gold recovery of 80% to payable metal is at the weak end for a mill route, indicating refractory ore requiring complex downstream processing. - Negative factor: Refractory Ore - Negative factor: Low Recovery Evidence · text > estimated gold recovery to sales of 80% #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **POX/BIOX Route** Polarity: neutral Definition: Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX. Why it applies: processing\_route matches the pox\_biox signal ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--e30ba407-a4bd-44ec-83d7-49871f6eae94#fact-metallurgical-facts-9) Fondaway Canyon · gold #### Identity - Project: Fondaway Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: GTCH #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: overall project average #### Recovery - Recovery: 84 % - Recovery Basis: to\_concentrate - Head Grade: 1.38 - Head Grade Unit: g/t - Conc. Grade: 20 - Conc. Grade Unit: g/t #### Reagents - Reagent Notes: reagents, namely xanthate, AP 404 and AF 65 will be added to the mill. #### Lab - Laboratory: DM Consulting LLC - Consultant: DM Consulting LLC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Average gold recovery of 84% to concentrate is reasonable for flotation of refractory ore. - Negative factor: Refractory Ore Evidence · text > average gold recovery to concentrate of 84% #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.