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FAIRCHILD TO ACQUIRE 100% OF ADVANCED STAGE GOLDEN ARROW PROJECT FURTHER EXPANDING ITS FOOTPRINT ON THE WALKER LANE SHEAR ZONE REGION OF NEVADA
Vancouver, British Columbia , Sept. 29, 2025 (GLOBE NEWSWIRE) -- via IBN – Fairchild Gold ...
About this update from Fairchild Gold Corp.
[{"type":"text","content":"FAIRCHILD TO ACQUIRE 100% OF ADVANCED STAGE GOLDEN ARROW PROJECT FURTHER EXPANDING ITS FOOTPRINT ON THE WALKER LANE SHEAR ZONE REGION OF NEVADA\n\n\n\n\n Vancouver, British Columbia , Sept. 29, 2025 (GLOBE NEWSWIRE) -- via IBN – Fairchild Gold Corp.\n \n (“Fairchild\n \n ” or the “\n \n Company\n \n ”) (TSXV: FAIR), is pleased to announce that it has entered into a Memorandum of Understanding (the “\n \n MOU\n \n ”) dated September 26, 2025 with Emergent Metals Corp. (TSXV: EMR) (“\n \n Emergent\n \n ”), an arm’s length party, to acquire a 100% interest in the Golden Arrow Project, a well-advanced, past-producing gold and silver property strategically located along the Walker Lane Shear Zone in Nevada.\n \n\n\n Golden Arrow Project: NI 43-101 Resource Highlights & Upside\n \n\n Golden Arrow is an advanced-stage gold-silver project located approximately 40 miles east of Tonopah, Nevada, and about 60 miles east of the large Round Mountain gold mine operated by Kinross Gold Corporation (TSX: K, NYSE: KGC).  Round Mountain has produced over 15 million ounces of gold to date, underscoring the notable fertility of this region of the Walker Lane Shear Zone (Source:\n \n press release\n \n dated November 21, 2018 by Kinross Gold Corporation).\n \n\n The Golden Arrow property encompasses two principal resource areas, Gold Coin and Hidden Hill, with a combined measured + indicated and inferred resource base.\n \n\n Key historic resource metrics include:\n \n\n\n Measured + Indicated: 12,172,000 million tons averaging 0.024 oz/ton Au and 0.33 oz/ton Ag, yielding 296,500 oz Au and 4,008,000 oz Ag\n \n\n Inferred: 3,790,000 million tons averaging 0.013 oz/ton Au and 0.33 oz/ton Ag, for 50,400 oz Au and 1,249,000 oz Ag\n \n\n Resource model prepared by Mine Development Associates (“\n \n MDA\n \n ”) (effective August 28, 2018), supported by over 361 drill holes totaling 201,010 feet (RC and core).\n \n 1\n \n\n\n\n The QP (as defined herein) has examined and interpreted the historical data and states that these historical estimates were attained through the analysis of the data over multiple decades by several established large mining companies, and were compiled and re-interpreted on a modern basis by MDA, and thus are believed by the QP to be of goo...