Fairchild GOLD Corp . Announces Significant Expansion of Its Land Position at Its Historic Copper Chief High-Grade Copper and GOLD Mining CAMP IN Nevada
FAIRCHILD GOLD CORP . ANNOUNCES SIGNIFICANT EXPANSION OF ITS LAND
POSITION AT ITS HISTORIC COPPER CHIEF HIGH-GRADE COPPER AND GOLD MINING
CAMP IN NEVADA
Vancouver, British Columbia – October 23rd, 2024 – Fairchild Gold Corp. ("Fairchild" or the
“Company”) (TSXV: FAIR) is pleased to announce that it has increased the size of its
Copper Chief Property by 74%. The project area which encompasses a historic high-grade
copper and gold mining camp, is easily accessible by paved road and is located 35 km
Southwest of Las Vegas, Nevada. Through direct staking, the Company has acquired an
additional 88 mineral claims, bringing the total project land package to 6.5 square miles
(approximately 16.6 square kilometers).
This latest project expansion follows
a recent property visit guided by
ASTER satellite data analysis, which
identified promising extensions of
mineralization across the region
with anomalies potentially related to
granitic intrusions. These new
claims significantly increase
Fairchild's footprint in the historic
Goodsprings mining district, known
for its rich yet virtually un-explored
copper, gold, silver, platinum,
palladium, and cobalt deposits.
"With this expansion, we are
positioning ourselves for substantial
exploration and development
opportunities on our Copper Chief
Property, " said Luis Martins, CEO of
Fairchild. "The additional claims
cover key geological targets, and we
are excited about the prospect of
unlocking significant value from this
historic yet overlooked mining
camp. "
Fieldwork has already begun, with
outcrop and float samples collected
Figure 1: New claims obtained by Fairchild Gold Corp
Figure 2: Anomalies (Yellow) potentially related to granitic intrusions
(ASTER data) map.
from some of the newly acquired claims. These samples will be submitted to Act Labs in
Ontario, Canada, for comprehensive geochemical analysis. Meanwhile, reference
materials from different lithologies are being assessed to understand their structural
attributes, aiding Geologists in future exploration activities.
Fairchild continues to advance its exploration efforts, confident that this expanded claim
package will enhance the potential for new copper and gold discoveries.
For further information, check out our website.
https://www.fairchildgold.com/single-project
Mr. Richard R. Redfern, M.S., C.P .G. No. 10717, is the qualified person as defined by
National Instrument 43-101 Standards of Disclosure for Mineral Projects, has examined the
property on the ground, reviewed the geological information available from public sources
related to the property, and is responsible for having approved the technical contents of
this press release.
TSX-V: FAIR, Frankfurt: Y4Y
On behalf of the Board of Directors
Luis Martins
Director and Chief Executive Officer
Fairchild Gold Corp.
(866) 497-0284
Fairchild Gold Corporation is in the business of acquiring and developing mineral
exploration properties in North America.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is
defined in the policies 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
regarding the Company’s business plans, expectations and objectives. In this news
release, words such as “may” , “would” , “could” , “will” , “likely” , “believe” , “expect” ,
“anticipate” , “intend” , “plan” , “estimate” and similar words and the negative form thereof
are used to identify forward-looking information.
Forward-looking information should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether, or the times at or by
which, such future performance will be achieved. Forward-looking information is based on
information available at the time and/or the Company management’s good faith belief with
respect to future events and is subject to known or unknown risks, uncertainties,
assumptions and other unpredictable factors, many of which are beyond the Company’s
control. For additional information with respect to these and other factors and
assumptions underlying the forward-looking information made in this news release, see
the Company’s most recent Management’s Discussion and Analysis and financial
statements and other documents filed by the Company with the Canadian securities
commissions and the discussion of risk factors set out therein. Such documents are
available at www.sedar.com under the Company’s profile and on the Company’s website,
https://fairchildgold.com/. The forward-looking information set forth herein reflects the
Company’s expectations as at the date of this news release and is subject to change after
such date. The Company disclaims any News Release Announcing Offering intention or
obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.