Fairchild Gold Corp. (CVE: FAIR) has secured full ownership of the Carlin Queen gold and silver property in Nevada through a binding purchase agreement dated October 30, 2025.
The 1,508-acre project, made up of 73 unpatented lode mining claims, marks a significant expansion of the company’s U.S. exploration portfolio.
Located along both the Midas and Carlin gold trends, the Carlin Queen property sits within one of the world’s most prolific gold-producing belts. It lies near Hecla Mining Company‘s (NYSE: HL) (FRA: HCL) Hollister and Midas mines and Nevada Gold Mines’ Goldstrike complex.
The site’s drill-ready status allows Fairchild Gold to begin exploration immediately, accelerating the path toward potential resource discovery and development.
Under the terms of the deal, Fairchild Gold will make three annual cash payments of USD$150,000, with a discounted settlement of USD$375,000 available if completed before April 30, 2026. The seller retains a 2 per cent net smelter return royalty, which Fairchild can buy back entirely for USD$4 million. Both parties have also agreed to a two-mile Area of Interest surrounding the claims.
“With this additional 100 per cent Acquisition of the Carlin Queen Project, Fairchild has in less than 18 months, established a significant Nevada-focused gold and copper portfolio,” said Nikolas Perrault, CFA, executive chairman of Fairchild Gold.
The acquisition strengthens Fairchild Gold’s growing portfolio, which includes the Nevada Titan Project in the Goodsprings mining district and the Fairchild Lake Property in Ontario. Furthermore, the Carlin Queen project’s strategic location and readiness for drilling enhance Fairchild’s ability to capitalize on Nevada’s mining potential.
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Nevada hosts several of the richest gold deposits
Nevada continues to stand out as one of the world’s premier destinations for gold exploration and production. Its combination of vast mineral endowment, stable regulations, and modern infrastructure keeps it at the centre of global mining investment. The state hosts several of North America’s richest gold belts each with decades of production history. These regions have drawn some of the world’s largest and most successful mining companies.
Barrick Mining Corp (TSE: ABX) (NYSE: B) (ETR: ABR0) has maintained a dominant presence in Nevada for decades. Together with Newmont Corporation (TSE: NGT) (NYSE: NEM) (FRA: NMM), it operates Nevada Gold Mines, the state’s largest gold producer and one of the world’s most productive mining ventures. Meanwhile, Kinross Gold Corporation (TSE: K) (NYSE: KGC) continues to expand its interests across Nevada. It’s focusing on properties that complement its strong North American portfolio. Additionally, NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) has become part of a new wave of explorers targeting underdeveloped zones with high-grade potential.
Nevada’s mining-friendly government and skilled workforce further enhance its appeal. The state offers efficient permitting, accessible infrastructure, and strong geological data, which lower development risks.
Furthermore, consistent discoveries continue to attract both established producers and ambitious juniors seeking scalable projects. Consequently, as gold prices rise, companies view Nevada as a jurisdiction where exploration success can quickly translate into economic opportunity.
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