08:38 AM EDT, 07/23/2025 (MT Newswires) -- Getchell Gold ( GGLDF ) said Wednesday that it commenced a 3,000-meter drill program at the Fondaway Canyon gold project in Nevada.

The campaign will comprise 10 holes designed to extend gold mineralization and increase mineral resource.

Meanwhile, Getchell said it raised US$4.2 million in a private placement priced at US$0.20 per unit. The company plans to use the proceeds to fund its 2025 exploration program at Fondaway Canyon.

Getchell's share price gained 3.5% on Tuesday to $0.30 on the TSX.