Getchell Gold files $1 billion NPV preliminary economic assessment at Fondaway Canyon

Canada NewsWire

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 3 rd party refinery for pressure oxidation or roasting followed by cyanidation to produce doré.

PEA Highlights

Strong project economics US$1 Billion pre-tax net present value discounted at 8% ("NPV 8% ") and a 58.8% pre-tax internal rate of return ("IRR"), $905 million after-tax NPV 8% and a 53.1% after-tax IRR at $3,200/ounce ("oz") gold price.

Initial capital costs estimated at $265 million (including a 20% contingency), with a short pre-tax payback of 1.6 years.

Robust operational profile 1.52 million ounces gold recovered (post-processing) over a 10-year life of mine ("LOM") with average annual gold production of 150,000 oz ;

Average mined grade of 1.38 g/t Au (0.040 opt), estimated gold recovery to sales of 80%, and LOM strip ratio of 6.9 to 1; and

LOM operating costs (1) estimated at $1,373/oz and cash costs (2) estimated at $1,740/oz of produced gold.

Major Increase from 2025 PEA 28% increase in both contained ounces of gold and average annual gold production; and

>60% increase in base case NPV .

Economics incorporate significant development work completed in 2026 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 M