Fairchild Gold Corp. Acquires Golden Arrow Project in Nevada for US$5 Million
TL;DR
Fairchild Gold acquires Golden Arrow Project for US$5 million, gaining 420,000 ounces of gold resources and expanding its land position by 170% to 64.5 km².
Fairchild Gold will issue 12.5 million shares, a US$3.5 million secured note, and a 0.5% NSR royalty to Emergent Metals Corp to complete the Golden Arrow acquisition.
This acquisition advances gold exploration in Nevada, supporting mineral resource development and creating economic opportunities in mining-friendly jurisdictions.
Veteran mining engineer Guy Lauzier, formerly with Barrick and Newmont, joins Fairchild as Technical Director to develop the Golden Arrow Project's historic gold resource.
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Fairchild Gold Corp. 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—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. This strategic expansion occurs in one of North America's most productive mining regions, as reported by Ryan D. Long in his coverage of the acquisition.
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. The transaction positions Fairchild with a substantially larger portfolio of mineral properties in mining-friendly jurisdictions, enhancing the company's standing in the competitive gold mining sector.
As part of the transaction, Fairchild will appoint veteran mining engineer Guy Lauzier—formerly with Barrick, Newmont, and Agnico Eagle—as Technical Director to advance development of the project. This appointment brings significant industry expertise to the company's leadership team, potentially accelerating the development timeline for the newly acquired asset. The expanded land position provides Fairchild with multiple exploration targets across different geological settings within Nevada, creating opportunities for resource expansion and new discoveries.
The company's enhanced portfolio now includes both the Golden Arrow Project and its flagship Nevada Titan Project in the historic Goodsprings mining district. Additional details about the acquisition can be found at https://ibn.fm/2cZYB. This consolidation of assets represents a significant step forward for Fairchild's growth strategy in Nevada's prolific mining regions, where established infrastructure and favorable geology support efficient project development.
Curated from InvestorBrandNetwork (IBN)
