Fairchild Lake Property
The Property is located approximately 250 km northwest of the City of Thunder Bay, in Northwestern Ontario. Fairchild Gold Corp. has the right to acquire a 100 % interest in the property encompassing 108 mining claims cells subject to the terms of the Option Agreement.
The Property lies in the western arm of the Savant Lake greenstone belt. This western end is terminated by the Miniss River Fault System while the eastern end expands into the Savant Lake greenstone belt proper. The Savant Lake greenstone belt marks the limit of the northerly development of the Wabigoon Subprovince and the property is divided by the east-west trending Kashaweogama Lake Fault. This fault divides the property geology in the centre of the lake in which the north shore is dominated by mafic to ultramafic flows intercalated with magnetite-rich chemical sediments, all part of the Jutten Volcanic Sequence. In addition, the southern shoreline marks the northern limit of the Handy Lake Volcanic Sequence.
Historical and recent exploration work has indicated the presence of elevated, or anomalous, gold values in grab, soil, and lake bottom sediment samples over an area in close proximity to the Kashaweogama fault system. This fault system represents a major crustal break within this greenstone belt, similar to the LP fault discovered by Great Bear Resources in the Red Lake District.
Exploration conducted on behalf of Fairchild on the Property consisted of airborne geophysics, prospecting, mapping, and soil sampling. A short reconnaissance program was also carried out in the fall of 2019. Field work for the 2019 program was supported by fixed wing aircraft. In 2020 an airborne geophysical survey of the entire claim group was flown by Prospectair Geosurveys in April. Clark Exploration Consulting carried out a program of prospecting, mapping, and soil sampling of the Property from June 8th to June 27th and July 27th to August 3rd.
Fairchild Lake Property Map
Fairchild Gold Corp. (TSX-V: FAIR) is a public company engaged in the business of mineral exploration and the acquisition of mineral property assets, specifically gold, in North America. The Company’s primary gold project is the Fairchild Lake Property located approximately 250 km northwest of the City of Thunder Bay, in Northwestern Ontario. The Property lies in the western arm of the Savant Lake greenstone belt.