Fleet Space Technologies said on Thursday (August 15) that ExoSphere, its mineral exploration solution, has helped Eagle Mountain Mining (ASX:EM2) move forward at its Arizona-based Silver Mountain project.
By using Fleet Space’s real-time 3D subsurface mapping technology, Eagle Mountain has been able to identify new targets at the project site, offering fresh insights into the area’s untapped geological potential.
Flavia Tata Nardini, co-founder and CEO of Fleet Space, emphasised the importance of using technology to bring about advances in one of America’s key copper-producing regions.
“Space, 3D multiphysics, and AI are vital technologies that can make US efforts to strengthen its domestic critical mineral supply chain faster and more scalable, while minimizing environmental footprint,” she said.
According to Fleet Space, Eagle Mountain previously faced exploration challenges at Silver Mountain due to complex sediment cover, which limited the effectiveness of traditional geophysical techniques.
“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,” said Eagle Mountain CEO Tim Mason in Thursday’s press 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.”
Fleet Space’s ExoSphere solution is able to produce high-resolution 3D imaging at depths of up to 2.5 kilometres. These enhanced subsurface insights revealed significant indicators of mineralised systems at Silver Mountain, including deep porphyry-style targets and associated alteration zones, which suggest the presence of mineralising fluids.
The survey also advanced Eagle Mountain’s understanding of regional structures such as the Breakaway fault system, allowing the company to gain knowledge about structures that are believed to control mineralisation in the area.
Additionally, ExoSphere identified new, large-scale targets in the unexplored western zone of the project.
Based on these findings, Eagle Mountain has made Silver Mountain a top priority and has accelerated its exploration activities. In addition to Silver Mountain, the company also has the Oracle Ridge copper project in Arizona.
While its work with Eagle Mountain marks Fleet Space’s first deployment of ExoSphere in Arizona, it is not the company’s first experience with applying its technology within the mining industry.
In July, Fleet Space announced that ExoSphere had been deployed to aid in Barrick Gold’s (TSX:ABX,NYSE:GOLD) copper exploration efforts at the Reko Diq project in Pakistan. ExoSphere has also been used by Inflection Resources (CSE:AUCU,OTCQB:AUCUF) in Australia’s Macquarie Arc area.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.