Key Highlights
- Fairchild Gold completed a hyperspectral satellite survey over its Golden Arrow gold-silver project in Nevada.
- The survey identified 31 alteration occurrences and nine gold-silver exploration targets, with five rated high priority.
- Fairchild plans field mapping and sampling to verify targets and test a larger connected-system hypothesis.
Fairchild Gold Corp. (TSXV: FAIR) (OTCQB: FCHDF) (FSE: Y4Y) reported results from a recently completed hyperspectral satellite survey over its Golden Arrow gold-silver project, about 65 km east of Tonopah, Nevada. The company said the TerraEye survey identified 31 spectral alteration occurrences and outlined several gold-silver exploration areas, including five targets it rated as high priority.
Fairchild said its interpretation of the satellite survey, combined with new mapping and historical geological and remote-sensing data, led it to hypothesize that several targets could be part of a larger, structurally controlled gold-silver hydrothermal system. The company plans field mapping, sampling and ground-based spectral work in the coming weeks to check alteration continuity and mineralized structures and to refine targets for potential drilling.
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In the survey summary, Fairchild reported 31 alteration occurrences, including 25 muscovite-illite (phyllic/sericitic), four kaolinite (argillic) and two chlorite-epidote-calcite (propylitic). It classified 18 occurrences as high priority, seven as medium and six as low, and said 30 of 31 carried high confidence for spectral mineral identification. Fairchild also reported nine integrated spectral gold-silver exploration targets, selected using TerraEye-processed multispectral and hyperspectral datasets alongside structural interpretation and the locations of documented historical mines and prospects.
Fairchild said Golden Arrow already hosts open pit-constrained mineral resources at the Gold Coin and Hidden Hill targets under National Instrument 43-101 standards. According to RESPECs 2026 technical report (using a US$3,000/oz gold base case), the project has Measured and Indicated resources of 296,000 ounces of gold and 4.362 million ounces of silver, plus Inferred resources of 60,000 ounces of gold and 2.322 million ounces of silver.
Nikolas Perrault, Executive Chairman of Fairchild Gold Corp., said, TerraEye has now given us a ranked set of ten exploration targets. Our working hypothesis is that several of these may be connected parts of a broader, Au-Ag bearing hydrothermal system, rather than ten isolated occurrences.
Fairchild said planned follow-up work includes field visits over high-priority targets, building a single 3-D geographic information system model that overlays targets with historical workings and existing resource footprints, and assessing geophysical methods where alluvial cover may limit surface spectral detection.
The company noted that TerraEyes remotely sensed occurrences and targets have not been independently validated through field work, and that spectral confidence refers to mineral-identification quality and should not be interpreted as confirmation of gold-silver mineralization. Fairchild also said its connected-systems model is a preliminary technical interpretation.
The original press release is available on stockhouse.com
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