Fairchild Gold to Acquire Nevada's Golden Arrow Project in $5 Million Deal

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 substantially expand its mining portfolio in one of North America's most productive gold 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. This strategic expansion comes at a time when gold prices remain elevated and mining companies are seeking to secure quality assets in established mining jurisdictions. 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 immediate resource growth potential without the typical exploration risks associated with early-stage projects.

The project has undergone extensive exploration totaling more than 61,000 meters of drilling, indicating substantial previous investment in understanding the property's geology and mineralization. As reported in an article by Ryan D. Long available at https://ibn.fm/2cZYB, the transaction structure includes Fairchild issuing 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.

To advance development of the newly acquired project, Fairchild will appoint veteran mining engineer Guy Lauzier as Technical Director. Lauzier brings extensive experience from major mining companies including Barrick, Newmont, and Agnico Eagle, providing the technical expertise needed to potentially advance the Golden Arrow Project toward production. This appointment signals Fairchild's commitment to professional management and technical excellence in developing the asset.

The acquisition represents a significant strategic move for Fairchild Gold as it consolidates its position in Nevada's mining landscape. The combination of the Golden Arrow Project with Fairchild's existing Nevada Titan Project in the historic Goodsprings mining district creates a substantial land package in a region known for its mining-friendly policies and established infrastructure. For more information about the company, visit https://www.fairchildgold.com/.

This transaction matters to investors and the mining industry because it demonstrates continued consolidation in the junior mining sector and highlights the value of advanced-stage projects in established mining jurisdictions. The acquisition provides Fairchild with immediate resource growth at a competitive cost per ounce while reducing exploration risk through the acquisition of a well-drilled property. The appointment of an experienced technical director further enhances the company's ability to advance the project efficiently, potentially creating shareholder value through systematic development of the asset.