04:55 PM EDT, 10/30/2025 (MT Newswires) -- Fairchild Gold ( FCHDF ) after trade Thursday said it sealed a deal to acquire a 100% interest in the Carlin Queen gold and silver property in Nevada, which consists of 73 unpatented lode mining claims totaling 1,508 acres (610 hectares).

Fairchild will pay US$450,000 in total over three years, with the price being cut to US$375,000 if settled before April 30th 2026, a statement said.

"With this additional 100% acquisition of the Carlin Queen Project, Fairchild has in less than 18 months established a significant Nevada-focused gold and copper portfolio. Carlin Queen combines strong exploration upside with a unique strategic positioning in a proven district location alongside world-class mines such as Hollister, Midas, and Goldstrike," said executive chair Nilolas Perrault.

Fairchild closed up $0.01 to $0.085 on the TSX Venture Exchange.