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Fairchild Gold Secures Exclusive Option to Acquire a Historic High-grade Copper and Gold Mining Camp in Nevada
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2024) - Fairchild Gold Corp. (TSXV: FAIR) ...
About this update from Fairchild Gold Corp.
[{"type":"text","content":"Fairchild Gold Secures Exclusive Option to Acquire a Historic High-grade Copper and Gold Mining Camp in NevadaVancouver, British Columbia--(Newsfile Corp. - June 3, 2024) - Fairchild Gold Corp. (TSXV: FAIR) (\"Fairchild\" or the \"Company\") is pleased to announce the execution of a binding MOU dated May 30, 2024, by which Fairchild will acquire in an arm's length transaction, 100% of Goodsprings Exploration LLC, a private Wyoming company which has an exclusive option in 2 phases to earn up to a 90% interest over 8 years in the Copper Chief Project.Copper Chief Project HighlightsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10593/211472_figure1.jpgCopper Chief MineMinerals:Cu-Au-Ag-Zn-Pb-CoGeological Features:Located in Middle Paleozoic limestones intruded by Triassic granitic bodies.Mineralization and Deposit Types: Exhibits skarn- and replacement-type mineralizations with significant amounts of copper (Cu), gold (Au), silver (Ag), zinc (Zn), lead (Pb), and cobalt (Co). The geologic setting and mineral assemblages suggest a skarn/replacement deposit with a potential underlying porphyry copper-moly system (\"PCD\") associated with granitic intrusions in the northern part of the mining camp.Mined for high-grade Cu+Au and Zn+Pb and local Cobalt (to 1.13% Co)SampleNorthingEastingAu g/TAg g/TCo %Cu %Zn %CC 139651726309830.151.30.0540.610.068CC 239651746309790.3039.90.1574.870.311CC 339651446310330.1612.60.0203.180.242CC 439651536310310.4322.50.0917.150.679CC 539651526310290.021.01.0400.170.449CC 639651406310300.3061.60.0505.320.291CC 759651386310330.59125.00.04412.100.626 *Delecta Rock Chip Sampling Results from Copper Chief Mine (Green and Smith, 2018)Copperside MineMinerals:Cu-Mo-Au-AgGeological Features:Features typical of Manto-style deposits.Mineralization and Deposit Type:High-grade copper (Cu) and gold (Au) manto-type mineralization with additional potential as a porphyry copper-gold (Cu-Au) target. The mineralization is noted for its significant copper and gold grades, which are hosted in manto (stratabound) deposits that may also be indicative of larger, deeper porphyry systems.Copperside produced 621 tons of ore from which was received 24.5% copper and 0.4 oz/t (13.7 g/T) silver, and up to 0.18 oz/t Au. (Hewett, 1931)Sampling completed in the Copperside Mine in 2018 re...