Fondaway Canyon is Getchell's 100%-owned gold project in Churchill County. The land position comprises 275 unpatented claims after 14 additional claims covering 93.7 hectares were recorded in July 2026. The April 13, 2026 mineral resource estimate in the signed updated PEA reports 22.108 Mt at 1.40 g/t gold for 999 koz Indicated and 45.583 Mt at 1.24 g/t for 1,812 koz Inferred. The June 1, 2026 PEA evaluates the Central Area open-pit resource, excluding underground and other open-pit resources. It includes Inferred Mineral Resources and defines no Mineral Reserves; the production schedule is a proposed development case. NV Minerals' overlapping claims remain the subject of unresolved federal quiet-title and declaratory-relief proceedings. The PEA estimates US$265.3 million capital including US$76.9 million capitalized stripping. Its economic model assumes royalty buyouts leaving a 3% NSR. The selected process comprises three-stage crushing, closed-circuit ball milling and cyclones, rougher flotation and three stages of open-circuit cleaner flotation, followed by gravity concentration of the combined cleaner tailings. The flotation and gravity concentrates would be combined for sale or toll processing, with tailings thickened, filtered and dry-stacked. Projected recovery to concentrate is approximately 85%, subject to further representative testwork. The QPs recommend resource-definition and expansion drilling, geological modelling, geotechnical and metallurgical work before a potential PFS.
- Country
- United States
- Commodity
- Au
- Stage
- PEA