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 in an article by Ryan D. Long.
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.
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.
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. For more information about the company, visit https://www.fairchildgold.com/.
