Fairchild Gold Corp. (TSXV: FAIR) has announced a strategic acquisition of 72 unpatented lode mining claims within and adjacent to its Copper Chief Property, located 35 km southwest of Las Vegas, Nevada.
This acquisition, subject to approval by the TSX Venture Exchange, significantly enhances the mineral potential and value of Fairchild’s Copper Chief Property.
Photo and article appeared on Tuesday, Feb 11, 2025 9:30 am ET
The newly acquired claims add significant deposit potential for Porphyry copper-gold, Antimony, and Gold-silver-PGEs targets and deposits on the property.
These claims contain several excellent mineral exploration targets, including the December Mine antimony-gold prospect, the Poppy Shaft gold system, and the Fitzhugh Lee, Rose, Mobile, and Columbia Mine porphyry copper-gold targets.
Koba Resources, the seller, has conducted substantial geochemical sampling and IP geophysics on the claims, generating a valuable database that Fairchild will receive.
This data will aid in assessing the potential for copper, gold, and other critical metals like PGEs, antimony, and cobalt.
The Copper Chief Property is a high-potential Cu-Au exploration project, characterized by a geologically favorable environment with a set of multi-target, mainly Skarn-related mineralization, Carbonate Replacement Deposits with Porphyry-style potential, and multi-commodities like Cu-Au-Ag-PGEs.
The property’s proximity to Las Vegas and existing infrastructure will facilitate exploration and development activities.
Fairchild is focused on the discovery of Porphyry Copper-gold systems (PCDs) and gold-silver-PGEs-antimony vein systems at Copper Chief. More than 15 old prospects and mines are located within the outline of the property, with several types and ages of mineral deposits present.
The #1 priority target is the Copper Chief Porphyry, which has very high-grade copper mineralization present at the surface in multiple places, and in skarn that may indicate a shallower PCD system.
Other ranked targets include the Sandy Veins Au-Ag-PGEs-Co, Ironside Fault hosted Au-Ag-PGEs-Sb (December/Knickenbocker Mines), Copperside and Skarn/PCD, Rose Mine PCD, Columbia Mine PCD-Co, Whale Cobalt Target, and Cu/Au Tailings.
This acquisition allows Fairchild to expand the Copper Chief asset with a high mineral potential area, where appropriate exploration surveys were conducted, and an important database, including geological, geochemical, and geophysical information, was generated.
Fairchild’s team will assess and reprocess this data, with the objective of confirming the potential for copper and gold, but not neglecting other critical metals like PGEs, antimony, and cobalt. The company will prioritize all the property targets, including the ones coming from this last acquisition, and refine the knowledge already acquired.
In conclusion, Fairchild Gold’s strategic acquisition of 72 mining claims from Koba Resources significantly enhances the mineral potential and value of its Copper Chief Property.
This expansion positions the Company for substantial exploration and development opportunities, with a diverse range of target commodities and a comprehensive database to guide future exploration activities.
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