Discovery Of New Highly Mineralized Zones At The Titan Property

GOODSPRINGS, NV - Fairchild Gold Corporation has delineated new highly mineralized zones, especially in copper, at the Nevada Titan Property, situated near Las Vegas, Nevada, where all key infrastructure and human resources needed to support a large scale, year-round mining operation are present.

Fairchild controls 264 unpatented lode mining claims and also the 15.8 acre Copper Chief patented mining claim, totaling 5,470 acres (2213.7 hectares)

Property Geology: Flat-lying to slightly tilted Paleozoic limestones and dolostones of Devonian and Carboniferous age comprise most of the rocks exposed at the surface. These strata were broken by high-angle normal and reverse faults and by low-angle faults, most all of Triassic age. The high-angle NE-trending Ironside Fault system is 7.5 km long and up to 700 meters wide. It is interpreted to be a subduction-related tear fault. Minor high-angle faults of NW- and ENE trends also are present. Late thrust faults of Cretaceous age cut all of the Ironside-system faults.

Several episodes of mineralization, Co, Au-Ag-PGEs-Co-Ni, Zn-Pb-Ag, Au-PGEs, Cu-Au-Ag, and Au-Ag, were emplaced in the property, giving it multi-element, multi-target characteristics, and making it unique.

New areas were explored where 160 samples were taken across the property in specific locations: 1) The Copperside, Smithsonite, Azurite, Shenandoah, and Fitzhugh Lee Mines as well as other previously unmapped adits. 2) Skarns, Intrusive, Breccias, Limestones, Dolomites and porphyry lithologies.

Recent sampling at the Copperside Mine and the surrounding Area has returned surface copper mineralization, with widespread malachite, chrysocolla, and iron oxides hosted in altered breccias and limestone. A mineralized intrusive body dipping 50° west was confirmed, and new mapping shows that skarn-style alteration extends over 100 meters westward. The results indicate that Copperside is not an isolated showing, but the surface expression of a much larger, actively evolving skarn system.