Buzbuzian Capital invests $300,000 in Getchell Gold
Key facts
- C$300K PP
- C$0.3/unit
- +0.5 wt @ C$0.35 / 24mo
Toronto, Ontario--(Newsfile Corp. - October 7, 2026) - Buzbuzian Capital Corp. ("BCC") is pleased to announce that it has completed a strategic investment in Getchell Gold Corp. ("Getchell") (CSE: GTCH) (OTCQB: GGLDF) (FSE: GGA1) totaling $300,000 for the acquisition of 1,000,000 units (each, a "Unit").
Each Unit consists of one common share of Getchell (each, a "Share") and one-half of a common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant enables BCC to purchase one additional Share at a price of $0.35 per Share for a period of 24 months following the closing date.
The strategic investment is driven by Getchell's flagship Nevada asset, the Fondaway Canyon project, which boasts a highly robust Preliminary Economic Assessment (the "PEA") highlighting a US$1 billion pre-tax net present value ("NPV") within an open-pit mining operation.
"Buzbuzian Capital Corp.'s investment is quite well-timed given the exceptional strength of the gold market and Fondaway Canyon's robust PEA, which outlines a US$1 billion pre-tax NPV," stated Richard Buzbuzian, CEO of Buzbuzian Capital Corp. "Fondaway Canyon stands out even among its impressive Nevada neighbors and with a projected average production of 150,000 ounces of gold per year, once built, it will rank as a top-10 gold mining operation in Nevada, a premier tier-one jurisdiction where BCC is highly eager to establish a footprint. We view Fondaway as a premier, large-scale Nevada asset and are thrilled to be part of its growth."
Key Highlights of the Fondaway Canyon Project:
- Substantial Valuation: A robust PEA outlining a US$1 billion pre-tax NPV.
- Top-Tier Production Profile: Projected average production when built of 150,000 ounces of gold per year over an estimated 10-year mine life.
- Significant Resource Estimate: The Mineral Resource comprises 999,000 indicated ounces of gold at 1.40 g/t and 1.812 million inferred ounces of gold at 1.24 g/t, and remains open with significant potential for expansion.
Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. The PEA is preliminary in nature, includes Inferred and Indicated Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that PEA results will be realized. The scientific and technical information regarding Getchell and the Fondaway Canyon project in this news release is taken from Getchell's public disclosure, including its news releases dated September 3, 2026 and September 28, 2026, available under Getchell's profile on SEDAR+.
BCC has acquired these Shares and Warrants for investment purposes. BCC may evaluate its investment in Getchell from time to time and based on market conditions or future events, may increase or decrease its positioning.
Newsfile
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