Fairchild GOLD Corp Announces Successful Completion of Transaction with Koba Resources Ltd.
FAIRCHILD GOLD CORP ANNOUNCES SUCCESSFUL COMPLETION OF
TRANSACTION WITH KOBA RESOURCES LTD.
Vancouver, BC - March 14, 2025: Fairchild Gold Corp ("Fairchild" or the "Company") (TSX-V: FAIR) 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 Completed
Having 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 thous ands 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 Position
With 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 Acquisition
DATA PACKAGE
Fairchild Gold received a substantial package of historical geological, geochemical, and geophysical
data from Koba Resources that w ere 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, a nd Fairchild Go ld 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 Resources.
Historic Goodsprings Data Highlights:
✓ 1361 Rock samples and 2653 Soil samples
✓ Copper Assays: up to 25% Copper in multiple locations. Confirming Copperside Mine
anomaly. (Sample PS0014) Top 25 sample average 13.7 %
✓ Gold Assays: Up to 151 g/t (sample 2645) Top 25 sample average 18.11 ppm
✓ Silver Assays: Up to 1565 g/t (sample 212) Top 25 sample average 651.2 ppm
✓ Cobalt Assays: Up to 5.9 % (sample PS0004)
✓ Lead Assays: Up to 40% (Sample RLGS-6)
✓ Zinc Assays: Up to 30% (Sample 9378)
✓ Antimony Assays: Up to 9104.4 g/t (Sample GS09RW-45)
IP/Mag surveys:
See Figure 2: ZONGE IP Survey (~2019)
These data will be carefully analysed and, in some cases, reprocessed, giving a much more robust
basis for preparation of the next exploration steps. Updates will be coming soon.
Next Phases of Exploration
I. Comprehensive review and integration of the newly acquired database
II. Detailed geological mapping and innovative geophysical surveys to rank numerous high-
priority targets already identified
III. Targeted drill program
"We are extremely excited about the potential of the Copper Chief Project and the broader
Goodsprings district, The historical production in this area only scratched the surface. Modern
exploration techniques, combined with our large, consolidated land pos ition and comprehensive
database, give us a unique opportunity to unlock substantial value for our shareholders. " -Luis
Martins (CEO).
The Company believes the Goodsprings district has the potential to host a large-scale,
district-wide mineral system with multiple deposit types, including:
✓ High-grade copper-lead-zinc carbonate replacement deposits
✓ Structurally controlled precious and PGE metal veins
✓ Potential for porphyry copper-gold-related mineralization
Fairchild's strategic position in this historically productive yet underexplored district represents a
compelling opportunity to make significant discoveries using modern exploration techniques.
Annual General and Special Meeting Results
The Company is also pleased to announce the voting results of its annual general and special
meeting (the “ Meeting”) of its shareholders (“ Shareholders”) held on February 26, 2025 .
Shareholders holding 17,071,085 shares or 23.15% of the outstanding shares of the Company were
represented in person or by proxy at the Meeting. The Shareholders received the financial statements
for the years ended August 31, 2024, August 31, 2023, August 31, 2022 and August 31, 2021 together
with the auditor’s Reports. As nominated by the Company’s management information circular dated
January 23, 2025 , the shareholders elected Luis Martins, Robert Rosner, Geoffrey Baker, and Diane
Mann as directors of the Company for the ensuing year.
The shareholders also voted to appoint Manning Elliott LLP as auditors of the Company to hold office
until the close of the next annual general meeting and approved the Company’s new equity incentive
plan (the “Incentive Plan”). The Incentive Plan is a 10% rolling plan in respect of options and a 10%
fixed plan in respect of restricted share units.
Finally, the shareholders approved the resolution to amend the Company’s name to “Fairchild
Copper & Gold Corp. ” as authorized by the board of directors of the Company, acceptable to the TSX
Venture Exchange and applicable regulatory authorities.
QP statement
Richard R. Redfern, MS, CPG No. 10717 , and Consulting Geologist for Fairchild , 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 Fairchild Gold Corp
Fairchild Gold Corp is a mineral exploration company focused on acquiring, exploring, and
developing high-quality mineral properties in mining -friendly jurisdictions. The Company's flagship
Copper Chief Project is in the historic Goodsprings mining district in Nevada, USA.
For more information, please contact:
Luis Martins
Director and Chief Executive Officer
Fairchild Gold Corp.
(866) 497-0284
or visit us @
www.fairchildgold.com
Forward-Looking Statements
This press release contains forward -looking statements and forward -looking information
(collectively, "forward-looking statements") within the meaning of applicable securities laws. Any
statements that are contained in this press release that are not statements of historical fact may be
deemed to be forward-looking statements. Forward-looking statements are often identified by terms
such as "may" , "should" , "anticipate" , "will" , "estimates" , "believes" , "intends" , "expects" and similar
expressions which are intended to identify forward -looking statements. More particularly and
without limitation, this press release contains forward -looking statements concerning the
exploration and development potential of the Copper Chief Project. Forward-looking statements are
inherently uncertain, and the actual performance may be affected by a number of material factors,
assumptions and expectations, many of which are beyond the control of the Company. Readers are
cautioned that assumptions used in the preparation of any forward-looking statements may prove to
be incorrect. Events or circumstances may cause actual results to differ materially from th ose
predicted as a result of numerous known and unknown risks, uncertainties and other factors, many
of which are beyond the control of the Company. Readers are further cautioned not to place undue
reliance on any forward -looking statements, as such inform ation, although considered reasonable
by management at the time of preparation, may prove to be incorrect and actual results may differ
materially from those anticipated.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.