Fairchild Gold Corp. to Acquire Golden Arrow Project in Nevada for US$5 Million

Fairchild Gold Corp. (TSX-V: FAIR) has signed a Memorandum of Understanding to acquire a 100% interest in the Golden Arrow Project, an advanced-stage gold property located along Nevada's Walker Lane Shear Zone. The US$5 million transaction represents a valuation of approximately US$12 per ounce of gold in the ground, positioning Fairchild to significantly expand its operational footprint in one of the world's most productive mining regions.

The acquisition will increase Fairchild's total land position by 170% to 64.5 km² through the addition of both the Golden Arrow Project and the Nevada Titan Project. The Golden Arrow Project hosts a historic resource of 420,000 ounces of gold at an average grade of 0.75 g/t, providing Fairchild with substantial mineral assets to advance toward production. The property has undergone extensive exploration totaling more than 61,000 meters of drilling, indicating significant previous investment in understanding the deposit's potential.

Under the proposed transaction terms, Fairchild will issue 12.5 million shares, a US$3.5 million secured note, and a 0.5% NSR royalty to Emergent Metals Corp. upon completion of the deal. This structured payment approach allows Fairchild to manage capital requirements while securing a valuable asset. The transaction structure demonstrates careful financial planning in a sector where capital efficiency is crucial for success.

As part of the strategic development plan, Fairchild will appoint veteran mining engineer Guy Lauzier as Technical Director to advance the project. Lauzier brings extensive experience from major mining companies including Barrick, Newmont, and Agnico Eagle, providing Fairchild with seasoned leadership for project advancement. His appointment signals Fairchild's commitment to professional management and technical excellence in developing the Golden Arrow Project.

The acquisition positions Fairchild as a more significant player in the Nevada mining landscape, combining the Golden Arrow Project with its existing flagship Nevada Titan Project located in the historic Goodsprings mining district. Nevada remains one of the world's premier mining jurisdictions, known for its established infrastructure, favorable regulatory environment, and proven mineral endowment. The consolidation of these assets creates opportunities for operational synergies and shared infrastructure development.

For investors and industry observers, this transaction represents Fairchild's strategic move to build critical mass in a top-tier mining jurisdiction. The addition of 420,000 ounces of gold resources at a competitive acquisition cost provides immediate value accretion, while the extensive drilling database reduces exploration risk and accelerates development timelines. The company's expanded land package now covers substantial territory in Nevada's prolific mineral trends, offering multiple exploration targets beyond the known resources.

The Golden Arrow Project's location along the Walker Lane Shear Zone places it within a structurally complex region known for hosting significant gold deposits. This geological setting has produced numerous successful mines in Nevada, providing confidence in the project's geological potential. Fairchild's acquisition comes at a time when gold prices remain supportive for new project development, creating favorable conditions for advancing the property toward production.

Industry professionals can access detailed information about Fairchild Gold Corp. through their official website at https://www.fairchildgold.com/. Additional coverage of mining sector developments is available through specialized industry platforms including https://RocksAndStocks.news.