Fairchild Lake, Ontario, Canada

Fairchild Lake

The Property is located approximately 250 km northwest of the City of Thunder Bay, in Northwestern Ontario.

Fairchild Gold Corp. has a 100% ownership in the property, which encompasses 108 mining claims cells.
Exploration conducted on behalf of Fairchild included airborne geophysics, prospecting, mapping, and soil sampling.
A short reconnaissance program was carried out in the fall of 2019, 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 conducted a program of prospecting, mapping, and soil sampling from June 8th to June 27th and July 27th to August 3rd, 2020.

Geology

The Property lies in the western arm of the Savant Lake greenstone belt.
The western end of the Property is terminated by the Miniss River Fault System.
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.
The Property is divided by the east-west trending Kashaweogama Lake Fault, this divides the property geology in the centre of the lake.
The north shore is dominated by mafic to ultramafic flows intercalated with magnetite-rich chemical sediments, part of the Jutten Volcanic Sequence.
The southern shoreline marks the northern limit of the Handy Lake Volcanic Sequence.
Historical and recent exploration work indicated elevated or anomalous gold values in grab, soil, and lake bottom sediment samples near the Kashaweogama fault system.
The Kashaweogama 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.