Gold loses some luster after Trump’s decisive win
Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
Australian space exploration company Fleet Space Technologies announced Thursday it has deployed its end-to-end mineral exploration solution, ExoSphere, to support Eagle Mountain Mining’s data-driven exploration at their Silver Mountain greenfield copper project in Arizona.
Leveraging ExoSphere’s real-time 3D subsurface mapping capabilities, powered by space technology and AI, Eagle Mountain uncovered new insights that underscore the potential for large mineralized systems and identified multiple unknown targets at Silver Mountain, the company said.
Due to complications resulting from complex sediment cover, several geophysical techniques were unable to reliably pinpoint deeper targets at the Silver Mountain project. This led Eagle Mountain to deploy Fleet Space’s ExoSphere solution, to generate high-resolution 3D imaging of their target zones up to 2.5 km in depth.
The subsurface insights revealed new indicators of large-scale mineralized systems — identifying deep porphyry-style targets and surrounding alteration zones.
The survey also enhanced Eagle Mountain’s understanding of regional structures, such as the Breakaway fault system running NNW-SSE in the Scarlett area, delivering new findings about structures thought to be controlling mineralization in the region.
Velocity zones consistent with porphyry-style intrusions were also found, identifying previously unknown large-scale targets in the project’s unexplored western target zone. As a result of the new findings, Eagle Mountain said they are accelerating their exploration activities at the site.
“The real-time 3D imaging capabilities of Fleet Space’s end-to-end solution, ExoSphere, helped us rapidly enhance our geological understanding of the Silver Mountain project, reduce uncertainty, and deliver multiple high-priority targets for further exploration,” Eagle Mountain CEO Tim Mason said in a news release.
“The insights we gained from the ExoSphere survey have unlocked the geological potential of our Silver Mountain project, solidifying its place in our exploration strategy moving forward.”
