NetworkNewsBreaks – Fairchild Gold Corp. (TSX-V:
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Posted On: 10/08/2025 4:08:47 PM
NetworkNewsBreaks – Fairchild Gold Corp. (TSX-V: FAIR) to Acquire Golden Arrow Project in Nevada for US$5 Million
Fairchild Gold (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. As reported in an article by Ryan D. Long, the US$5 million transaction—valued at roughly US$12 per ounce of gold in the ground—will expand Fairchild’s total land position by 170% to 64.5 km² through the addition of Golden Arrow 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 and has undergone extensive exploration totaling more than 61,000 meters of drilling. Under the proposed 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. As part of the transaction, Fairchild will also appoint veteran mining engineer Guy Lauzier—formerly with Barrick, Newmont, and Agnico Eagle—as Technical Director to advance development of the project.
For more information on the Company, visit https://www.fairchildgold.com/
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Fairchild Gold (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. As reported in an article by Ryan D. Long, the US$5 million transaction—valued at roughly US$12 per ounce of gold in the ground—will expand Fairchild’s total land position by 170% to 64.5 km² through the addition of Golden Arrow 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 and has undergone extensive exploration totaling more than 61,000 meters of drilling. Under the proposed 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. As part of the transaction, Fairchild will also appoint veteran mining engineer Guy Lauzier—formerly with Barrick, Newmont, and Agnico Eagle—as Technical Director to advance development of the project.
For more information on the Company, visit https://www.fairchildgold.com/
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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