FAIRCHILD COMPLETES A NEVADA TRINITY WITH THE ACQUISITION OF ADVANCED STAGE CARLIN QUEEN PROJECT

Core Insights - Fairchild Gold Corp. has entered into a Binding Purchase Agreement to acquire a 100% interest in the Carlin Queen gold and silver property located in Nevada, comprising 73 unpatented lode mining claims over 1,508 acres [1][12]. Project Overview - The Carlin Queen project is an advanced stage gold-silver exploration site situated at the intersection of the Carlin and Midas-Hollister gold trends, approximately 48 miles northwest of Elko, Nevada [2]. - The region has a rich mining history, with over 98 million ounces of gold produced from the Carlin Trend through 2022, and the nearby Hollister mine having produced around 570,000 ounces of gold and silver [2][3]. - The project area is characterized by a structurally domed region with potential for both Carlin-type and low sulfidation epithermal gold-silver deposits [4]. Geological Potential - The Carlin Queen property has multiple untested large gold-silver target areas, indicating significant exploration upside for further discoveries [6]. - Geological mapping and geophysical surveys have been conducted, revealing local anomalous values of tungsten, suggesting the presence of a magmatic intrusion and potential mineralized deposits [5][4]. Transaction Details - The acquisition includes a 2-mile Area of Interest around the claims, with a total consideration of three annual cash payments of $150,000, and a 2% Net Smelter Return (NSR) royalty granted [12]. - A buyback option for up to 100% of the NSR is available for $4 million [12]. Company Strategy - Fairchild Gold Corp. aims to establish a significant portfolio focused on gold and copper in Nevada, leveraging the strategic positioning of the Carlin Queen project alongside world-class mines [7][8]. - The company emphasizes creating long-term shareholder value through disciplined exploration and responsible development practices [8].