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Fairchild Gold Corp Announces Successful Completion of Transaction with Koba Resources Ltd.
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2025) - Fairchild Gold Corp ( TSXV: FAIR...
About this update from Fairchild Gold Corp.
[{"type":"text","content":"Fairchild Gold Corp Announces Successful Completion of Transaction with Koba Resources Ltd.Vancouver, British Columbia--(Newsfile Corp. - March 14, 2025) - Fairchild Gold Corp (TSXV: FAIR) (\"Fairchild\" or the \"Company\") is pleased to announce that its previously announced transaction disclosed on February 11, 2025, with Koba Resources Ltd. (\"Koba\"), has successfully completed on March 12, 2025.Strategic Acquisition CompletedHaving secured all necessary approvals and with all conditions satisfied, the Company's transaction with Koba has been completed. Fairchild has begun the process of integrating the extensive database received through this acquisition, which includes thousands of rock and soil samples as well as geophysical surveys.\"This is a significant acquisition for Fairchild,\" said Luis Martins, Chief Executive Officer of Fairchild Gold Corp. \"The completion of this transaction represents an important milestone in our growth strategy and positions us as the dominant claim holder in the historic Goodsprings mining district. The acquired database which covers most of our enlarged and consolidated claim package will allow the company to collapse the timeframe it originally anticipated would be required prior to drilling.\"Expanded Land PositionWith the completion of this transaction, Fairchild's Copper Chief Project now covers a total of 300+ claims, spanning approximately 6150 acres in the Goodsprings mining district of Nevada. This substantial land package consolidates a significant portion of this historically productive region.See FIGURE#1: Map of Fairchild Gold's Koba AcquisitionDATA PACKAGEFairchild Gold received a substantial package of historical geological, geochemical, and geophysical data from Koba Resources that were summarized in an analyst's publicly disclosed report by Ian Spence of Peloton Capital Pty Ltd. dated June 7, 2022. These data were originally acquired from work conducted by Koba's predecessor company New World Resources, starting in 2019. This work was conducted by geologists and geophysicists who were qualified persons as defined by Instrument NI 43-101, and Fairchild Gold is confident that this historical work and these historical data and descriptive maps and interpretive summaries are of high quality and are an accurate representation of the work conducted by Koba and New World Resource...