Getchell Gold Corp. Announces Promising Economic Prospects for Fondaway Canyon Project

Getchell Gold Corp ( (TSE:GTCH) ) has issued an announcement.

Getchell Gold Corp. has filed a Preliminary Economic Assessment (PEA) for its Fondaway Canyon Gold Project in Nevada, outlining plans for an open pit mining operation with a 10.5-year mine life. The PEA highlights strong economic prospects with a pre-tax net present value of $546 million and an internal rate of return of 51.2%. The project is expected to produce 1.23 million ounces of gold over its lifespan, with significant potential for resource expansion, as the scope is limited to a portion of the project area. This development positions Getchell favorably in the gold mining sector, offering robust economic returns and growth potential.

More about Getchell Gold Corp

Getchell Gold Corp. operates in the mining industry, focusing on the exploration and development of gold projects. The company’s primary project is the Fondaway Canyon Gold Project in Nevada, USA, where they are working on developing open pit mining operations.

YTD Price Performance: 65.62%

Average Trading Volume: 157,304

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$35.22M

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