Fairchild Gold Corp. Acquires 100% Interest in Drill-Ready Carlin Queen Gold-Silver Project in Nevada

Fairchild Gold Corp. (TSX-V: FAIR) has entered into a binding purchase agreement dated October 30, 2025, to acquire complete ownership of the Carlin Queen gold and silver property in Nevada. The 1,508-acre project comprises 73 unpatented lode mining claims and is described as drill-ready, indicating advanced exploration potential without requiring preliminary work before drilling operations can commence.

The strategic significance of this acquisition lies in the property's location along both the Midas and Carlin gold trends, placing it in proximity to established mining operations including Hecla Mining's Hollister and Midas mines and Nevada Gold Mines' Goldstrike complex. This positioning within Nevada's prolific mining corridor represents a substantial opportunity for Fairchild Gold, as the region is recognized globally for its exceptional gold production capabilities and established mining infrastructure.

The acquisition expands Fairchild Gold's portfolio of mineral properties in mining-friendly jurisdictions. The company maintains additional assets including its flagship Nevada Titan Project in the historic Goodsprings mining district and the Fairchild Lake Property in Ontario, consisting of 108 mining claims covering 2,224 hectares approximately 250 kilometers northwest of Thunder Bay. This diversification across multiple jurisdictions demonstrates the company's strategic approach to mineral exploration and development.

For investors and the mining industry, this transaction represents a significant development in junior mining exploration. The drill-ready status of the Carlin Queen property suggests potential for accelerated development timelines compared to early-stage exploration projects. The property's location within established mining trends increases the likelihood of successful exploration outcomes, given the geological similarities to nearby producing mines. Industry observers can monitor developments through the company's newsroom available at https://ibn.fm/FAIR.

The broader implications for the mining sector include continued consolidation of promising mineral properties within Nevada's most productive regions. As major mining companies maintain operations in adjacent areas, successful exploration at Carlin Queen could potentially attract partnership opportunities or acquisition interest. The transaction also highlights the ongoing value of strategic land positioning within established mining districts, where infrastructure and geological understanding provide advantages for exploration companies.

This acquisition comes at a time when gold exploration remains robust in Nevada, with the state maintaining its position as one of the world's leading gold producers. The drill-ready nature of the Carlin Queen property suggests that Fairchild Gold could potentially advance the project toward production more rapidly than typical greenfield exploration projects, providing potential value acceleration for shareholders and contributing to the continued vitality of Nevada's mining industry.