# Getchell Gold Corp. Files $1 Billion NPV Preliminary Economic Assessment Fondaway Canyon Gold Project, NV Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328 Original source: https://webfiles-primary.thecse.com/news_releases/en/267/48281658-2a73-4904-910d-40bd8e904dc7 Publisher: cse Original announcement: 2026-09-04T02:03:03.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T01:52:30.779Z Atlas analysis updated: 2026-10-01T01:52:30.779Z - Company: Getchell Gold Corp. - Ticker: GTCH - Exchange: CSE - Region: Nevada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Metallurgy, Other - Extracted: 2026-10-01 01:52:31 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Getchell Gold Corp. has filed a Preliminary Economic Assessment \(PEA\) for its Fondaway Canyon Gold Project in Nevada, outlining robust economics with a pre-tax NPV8% of $1 billion and a 58.8% IRR at a $3,200/oz gold price. The PEA contemplates an open pit mining operation producing 150,000 ounces of gold annually over a 10-year mine life, incorporating an updated Mineral Resource Estimate and refined metallurgical test work. This represents a substantial increase in project value and production compared to the previous 2025 PEA. Reasoning: The Preliminary Economic Assessment for the Fondaway Canyon Gold Project demonstrates highly positive economics, including a pre-tax NPV8% of $1 billion and a 58.8% IRR, representing a significant improvement over the previous PEA and indicating strong potential for the project. The study incorporates an updated resource estimate with increased Indicated resources and refined metallurgy, providing a robust foundation for future development. - Positive factor: Strong project economics with a pre-tax NPV8% of $1 billion and 58.8% IRR at $3,200/oz gold price. - Positive factor: Significant increase in project value and production compared to the previous 2025 PEA. - Positive factor: Robust operational profile with 150,000 oz/year gold production over a 10-year mine life. - Positive factor: Incorporation of an updated Mineral Resource Estimate showing a 54% increase in Indicated resources. - Positive factor: Refined metallurgical test work demonstrating amenability to conventional flotation and high-grade concentrate production. - Positive factor: NI 43-101 compliant study with multiple Qualified Persons overseeing different aspects. - Negative factor: The PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered speculative. - Negative factor: No certainty that PEA results will be realized, as stated in the cautionary notes. - Negative factor: Additional metallurgical test work is recommended to optimize grind size and flotation process, indicating further de-risking is needed. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 9 ## Classification and evidence **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The document is a Preliminary Economic Assessment \(PEA\) for the Fondaway Canyon gold project. Evidence · text > Getchell Gold Corp. Files $1 Billion NPV Preliminary Economic Assessment Fondaway Canyon Gold Project, NV **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The PEA reports a 28% increase in contained ounces of gold for the minable resource compared to the 2025 PEA, and the underlying MRE shows a 54% increase in Indicated Mineral Resources and an 8% increase in Inferred resources. 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 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The PEA reports a 28% increase in contained ounces of gold for the minable resource compared to the 2025 PEA, and the underlying MRE shows a 54% increase in Indicated Mineral Resources and an 8% increase in Inferred resources, implying contained metal growth. 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 **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: The PEA, metallurgical testing, and mineral resource estimate were overseen by multiple Qualified Persons \(Jonathan R. Heiner, Deepak Malhotra, Donald E. Hulse, Kevin Hon, Michael Dufresne\) as defined by NI 43-101. 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. **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 incorporated into the PEA reported a 54% increase in Indicated Mineral Resources relative to the previous 2024 estimate. Evidence · text > The PEA incorporated the Updated Mineral Resource Estimate completed in April 2026 that reported a 54% increase in Indicated Mineral Resources **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 was prepared in accordance with National Instrument 43-101, and the mineral resource estimate is also NI 43-101 compliant. 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 \("NI 43-101"\). **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 significant portion of Inferred Mineral Resources \(45,583 Ktonnes global Inferred\), which are considered speculative. Evidence · table > 45,583 Context: 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: 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. **Moderate Recovery** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The average gold recovery to concentrate is 84%, which falls within the moderate band for flotation \(85% lower bound\). Evidence · text > average gold recovery to concentrate of 84% **Weak Recovery** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The estimated gold recovery to sold metal is 80%, which is at the lower end of the weak band for flotation \(80% lower bound\). Evidence · text > with 80% recovery to sold metal. **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 and a conceptual flotation plant. Evidence · text > conventional 12,000 tonne per day \(“tpd”\) milling operation **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: The process flowsheet includes gravity concentration, with cleaner flotation tailings fed to gravity concentration. Evidence · text > The cleaner flotation tailings will be combined and fed to gravity concentration. **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 grind size and the open circuit flotation process, suggesting the 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 **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: 9. Some facts used in scoring do not have a stored record. ## Resource Estimates (7) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#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 - 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 Au #### Prior Estimate - Resource Date: 2026-04-13 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-04T00:00:00.000Z Reasoning: This Indicated resource for the Central Open Pit zone represents a substantial and high-confidence portion of the project's gold endowment, contributing significantly to the positive PEA economics and demonstrating successful resource growth. - Positive factor: Significant tonnage and contained metal in the Indicated category, providing a strong foundation for economic studies. - Positive factor: Part of an updated MRE showing a 54% increase in Indicated resources, indicating successful de-risking and resource conversion. - Positive factor: Estimate is NI 43-101 compliant and signed off by Qualified Persons. Evidence · table > 22,092 Context: Indicated #### 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-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#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 - 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 Au #### Prior Estimate - Resource Date: 2026-04-13 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-04T00:00:00.000Z Reasoning: This Indicated underground resource, while smaller in scale, provides a high-grade component to the overall resource, offering potential for selective mining and contributing to the project's flexibility. - Positive factor: High-grade Indicated resource for potential underground extraction. - Positive factor: Estimate is NI 43-101 compliant and signed off by Qualified Persons. - Negative factor: Relatively small tonnage compared to the open pit resources. Evidence · table > 16 Context: Indicated #### 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-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#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 - 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 Au #### Prior Estimate - Resource Date: 2026-04-13 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-04T00:00:00.000Z Reasoning: This large Inferred resource for the Central Open Pit zone highlights the significant growth potential of the project, although its speculative nature means further work is needed to convert it to higher confidence categories. - Positive factor: Substantial tonnage and contained metal in the Inferred category, indicating significant exploration upside. - Positive factor: Part of an updated MRE showing an 8% increase in Inferred resources, suggesting continued growth potential. - Positive factor: Estimate is NI 43-101 compliant and signed off by Qualified Persons. - Negative factor: Inferred resources are considered speculative and have lower geological confidence, requiring further drilling for upgrade. Evidence · table > 37,619 Context: Inferred #### 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-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#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 - 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 Au #### Prior Estimate - Resource Date: 2026-04-13 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-04T00:00:00.000Z Reasoning: The Inferred resource in the West Open Pit zone contributes to the project's overall scale and exploration potential, though its lower grade and speculative category suggest it requires further investigation. - Positive factor: Adds to the overall Inferred resource base, indicating potential for expansion beyond the Central zone. - Positive factor: Estimate is NI 43-101 compliant and signed off by Qualified Persons. - Negative factor: Lower grade compared to other zones. - Negative factor: Inferred resources are considered speculative and have lower geological confidence. Evidence · table > 3,248 Context: Inferred #### 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-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#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 - 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 Au #### Prior Estimate - Resource Date: 2026-04-13 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-04T00:00:00.000Z Reasoning: The Inferred resource in the East Open Pit zone contributes to the project's overall scale and exploration potential, with a grade comparable to the main Central zone, suggesting consistent mineralization along strike. - Positive factor: Adds to the overall Inferred resource base, indicating potential for expansion beyond the Central zone. - Positive factor: Grade is comparable to the Central Open Pit Inferred resource. - Positive factor: Estimate is NI 43-101 compliant and signed off by Qualified Persons. - Negative factor: Inferred resources are considered speculative and have lower geological confidence. Evidence · table > 3,687 Context: Inferred #### 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-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#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 - 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 Au #### Prior Estimate - Resource Date: 2026-04-13 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-04T00:00:00.000Z Reasoning: This Inferred underground resource provides a high-grade component, indicating potential for future underground mining scenarios, though its speculative nature requires further definition. - Positive factor: High-grade Inferred resource for potential underground extraction, adding to project flexibility. - Positive factor: Estimate is NI 43-101 compliant and signed off by Qualified Persons. - Negative factor: Inferred resources are considered speculative and have lower geological confidence. Evidence · table > 1,029 Context: Inferred #### 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 7 [Link to this fact](https://atlas-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#fact-resource-facts-8) 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: 2026-09-04T00:00:00.000Z 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 #### Tags used in scoring **Cut-off Lowered** Polarity: negative Definition: Cut-off grade significantly reduced 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 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 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-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#fact-metallurgical-facts-6) 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: 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. 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. #### Recovery - Recovery: 84 % - Recovery Basis: to\_concentrate - Conc. Grade: 20 - Conc. Grade Unit: g/t #### Reagents - Reagent Notes: The 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: 2026-09-04T00:00:00.000Z Reasoning: The metallurgical test work demonstrates moderate gold recovery to a high-grade concentrate via a conventional flotation and gravity flowsheet, providing a solid basis for the PEA, though further optimization is planned. - Positive factor: Moderate gold recovery to concentrate \(84%\) for a flotation process, indicating good amenability. - Positive factor: Production of a high-grade concentrate \(±20 g/t Au\) is favorable for downstream processing. - Positive factor: Flowsheet includes conventional flotation and gravity, suggesting a standard and proven approach. - Positive factor: Metallurgical work overseen by a Qualified Person. - Negative factor: Additional test work is recommended to optimize grind size and the open circuit flotation process, indicating the current work is not fully optimized or at pilot scale. 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 **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/getchell-gold-corp-files-1-billion-npv-preliminary-economic-assessment-fondaway--56d8c507-ce1a-4b21-b13a-e971550df328#fact-metallurgical-facts-7) 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: 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. 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. #### Recovery - Recovery: 80 % - Recovery Basis: to\_payable\_metal - Conc. Grade: 20 - Conc. Grade Unit: g/t #### Reagents - Reagent Notes: The 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: 2026-09-04T00:00:00.000Z Reasoning: The 80% gold recovery to sold metal, while acceptable for a preliminary study, is at the lower end of expectations for a flotation circuit, highlighting the need for further optimization to potentially improve project economics. - Positive factor: Achieved 80% recovery to sold metal, which is a reasonable outcome for a preliminary study. - Positive factor: Metallurgical work overseen by a Qualified Person. - Negative factor: 80% recovery to sold metal is at the lower end of the 'weak' band for flotation, suggesting potential for improvement. - Negative factor: Additional test work is recommended to optimize grind size and the open circuit flotation process, indicating the current work is not fully optimized or at pilot scale. Evidence · text > with 80% recovery to sold metal. #### 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 **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity 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.