Fairchild Gold Acquires New Claims Near Copper Chief Property

Fairchild Gold Corp., a mineral exploration company, announced an agreement to acquire 72 unpatented mining claims from Koba Resources. The claims are located adjacent to Fairchild's Copper Chief Property, situated 35 km southwest of Las Vegas, Nevada. This acquisition, pending approval by the TSX Venture Exchange, enhances the deposit potential for porphyry copper-gold and other mineral targets on the site.

Fairchild will issue 3,000,000 common shares to Koba at a deemed price of CDN$0.05 per share and grant a one percent net smelter returns royalty. The claims include exploration targets such as the December Mine and Poppy Shaft gold system, supported by data from geochemical sampling and IP geophysics conducted by Koba.

The Copper Chief area is notable for its favorable geological conditions and infrastructure. Fairchild prioritizes porphyry copper-gold discoveries while targeting other mineral deposits and will assess the new data to enhance mineral exploration strategies.