Getchell Gold Corp Secures $300,000 Investment for Nevada Project

Getchell Gold Corp secured a $300,000 investment from Buzbuzian Capital Corp to fund exploration activities at its Fondaway Canyon project in Nevada. The investment was executed through the acquisition of 1,000,000 units priced at $0.30 per unit.

Each unit consists of one common share and one-half of a common share purchase warrant. These warrants grant the holder the ability to purchase additional shares at $0.35 per share for a period of 24 months.

The company intends to apply the capital toward the Fondaway Canyon project. A Preliminary Economic Assessment for the site suggests a proposed open-pit mining operation with a $1 billion pre-tax net present value. The project is projected to produce an average of 150,000 ounces of gold annually over a 10-year mine life.