Fairchild Gold Acquires 72 Claims from Koba Resources adjacent to its Copper Chief property at Goodsprings, Nevada
Fairchild Gold Acquires 72 Claims from Koba Resources adjacent to its Copper
Chief property at Goodsprings, Nevada
VANCOUVER, BC, CANADA: February 11, 2025 – Fairchild Gold Corp. (TSXV: FAIR)
(“Fairchild” or the "Company") is pleased to announce that it has entered into an agreement
to purchase, subject to approval of the TSX Venture Exchange, 72 unpatented lode mining
claims within and adjacent to Fairchild’s Copper Chief Property (Cu-Au-Ag-PGEs-Co)
located 35 km southwest of Las Vegas, Nevada (Figure 1). These new claims add significant
deposit potential for Porphyry copper-gold, Antimony, and Gold-silver-PGEs targets and
deposits on the property.
Figure 1: Fairchild/KOBA Acquisition (Outline of 72 lode mining claims purchased from Koba Resources)
(Click for Link)
Fairchild has made an agreement to purchase 72 mining claims from Koba Resources Ltd.
(Australia) and Covada LLC (US:Nevada), a wholly-owned subsidiary of Koba. To
consummate the purchase transaction, Fairchild will issue and deliver to Koba 3,000,000
FAIR shares of common stock at a deemed price of CDN$0.05 per share and grant to Koba
a One Percent (1 %) Net Smelter Returns Royalty, of which 50% of this royalty may be
repurchased by Fairchild at any time for a cash consideration of CDN$1,000,000. This
agreement is subject to acceptance by the TSX Venture Exchange.
Assets Acquired: The Koba claims contain several excellent mineral exploration targets
that are additive to Fairchild’s existing claims, including the December Mine antimony-
gold prospect, the Poppy Shaft gold system, and the Fitzhugh Lee, Rose, Mobile and
Columbia Mine porphyry copper-gold targets. Koba did a substantial amount of
geochemical sampling and IP Geophysics, and Fairchild will be receiving this Koba
database.
Figure 2: IP Geophysics performed by Koba
(Click for Link)
The Copper Chief Property is a good combination of a perfect geographic location, a 1-hour
drive from Las Vegas, all the infrastructure in situ, with a geologically favorable
environment; characterized by the existence of a set of multi-target, mainly Skarn-related
mineralization, Carbonate Replacement Deposits with Porphyry-style potential, and multi-
commodities like Cu-Au-Ag-PGEs.
Other critical metals, like antimony can be found on the property with a 4500 g/ton sample
found at the December Mine in 2021. With this acquisition Fairchild Gold can now follow
up on these and other findings without concern.
Copper Chief Targets: Fairchild is focused on the discovery of Porphyry Copper-gold
systems (PCDs) and gold-silver-PGEs-antimony vein systems at Copper Chief. More than
15 old prospects and mines are located within the outline of the property. Several types
and ages of mineral deposits are present. Fairchild’s presently known targets are shown in
Figure 3.
The #1 priority target is the Copper Chief Porphyry which has very high-grade copper
mineralization present at the surface in multiple places, and in skarn that may indicate a
shallower PCD system. Other ranked targets are:
2025 Targets:
*None of these targets have been
previously drilled
Figure 3: Fairchild Gold 2025 targets
(Click for Link)
About the Copper Chief Property
Situated in Nevada’s renowned mineral belts, the Copper Chief Property stands out as a
high-potential Cu-Au exploration project. With robust geochemical results and favorable
geology, it presents a compelling case for continued exploration and investment.
CEO’s Statement:
“This agreement with Koba Resources Ltd allows Fairchild to expand the Copper Chief asset with a
high mineral potential area, where appropriate exploration surveys were conducted and generated
an important database, including geological, geochemical and geophysical information. Fairchild’s
team will assess and reprocess this data, with the objective of confirming the potential for copper
and gold, but not neglecting other critical metals like PGEs, antimony and cobalt.
The company will prioritize all the property targets, including the ones coming from this last
acquisition, and refining the knowledge already acquired"
-Luis Martins, CEO of Fairchild Gold Corp.
Sandy Veins Au-Ag-PGEs-Co
Ironside Fault hosted Au-Ag-PGEs-Sb
(December/Knickenbocker Mines)
Copperside and Skarn/PCD
Rose Mine PCD
Columbia Mine PCD-Co
Whale Cobalt Target
Cu /Au Tailings
QP Statement:
Mr. Richard R. Redfern, M.S., C.P .G. No. 10717, is the qualified person as defined by National
Instrument 43 -101 who has examined the Copper Chief property on the ground numerous times
since 2003, and reviewed the geological information available from private and public sources
related to the property and is responsible for approving the technical contents of this press release.
About KOBA Resources
Koba Resources Limited (ASX:KOB) is an Australian exploration company that is focused on a
portfolio of uranium projects in Australia and Canada.
About Fairchild Gold Corp.
Fairchild is engaged in the business of mineral exploration and the acquisition of mineral property
assets in North America. Its objective is to locate and develop economic precious and base metal
properties of merit and to conduct its exploration program on the Copper Chief Property, Nevada,
and the Fairchild Lake Property in Ontario.
On behalf of the Board of Directors
Luis Martins
Director and Chief Executive Officer
Fairchild Gold Corp.
(866) 497-0284
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of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.
Cautionary Statement Regarding Forward-Looking Information Certain information contained in this news
release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-
looking information”). Without limiting the foregoing, such forward-looking information includes statements
regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements
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forward-looking information made in this news release, see the Company’s most recent Management’s
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