Fairchild Gold Corp. (TSX-V: FAIR; OTCQB: FCHDF; Frankfurt: Y4Y) has announced results from a hyperspectral satellite survey at its Golden Arrow gold-silver project, located 65 kilometers east of Tonopah, Nevada. The survey, conducted by TerraEye, identified 31 spectral alteration occurrences and nine integrated gold-silver exploration targets, with five target areas designated as high priority by the company.
The company believes several targets may be part of a larger, structurally controlled hydrothermal system spanning more than 20 square kilometers. To investigate potential connections between mineralized zones and to identify targets for future drilling, Fairchild plans to conduct field mapping, sampling, and ground-based spectral analysis.
Golden Arrow currently hosts National Instrument 43-101-compliant Measured and Indicated resources of 296,000 ounces of gold and 4.362 million ounces of silver, along with Inferred resources of 60,000 ounces of gold and 2.322 million ounces of silver. Fairchild intends to advance the existing resource toward a preliminary economic assessment while evaluating opportunities for resource expansion and additional mineralization.
The identification of these high-priority targets is significant for Fairchild as it seeks to build a Nevada-focused exploration and development platform. The potential for a large hydrothermal system could substantially increase the project's resource base and attract further investor interest in the company's portfolio, which also includes the Nevada Titan copper-gold project and the Carlin Queen gold-silver project.
For more details on the survey results, interested parties can view the full press release at https://ibn.fm/GH8wm. Additional information about Fairchild Gold Corp. is available through its client page at Fairchild Gold Corp. and its MiningNewsWire profile at Fairchild Gold (TSX-V: FAIR; OTCQB: FCHDF; Frankfurt: Y4Y). The latest news and updates relating to FAIR can be found in the company's newsroom at http://ibn.fm/FAIR.
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