Fairchild Gold Corp Announces Updated NI 43‑101 Technical Report for Golden Arrow Project
Fairchild Gold Corp. (TSXV: FAIR) disclosed that it has received an updated NI 43‑101 technical report on its Golden Arrow Au‑Ag project located in the Walker Lane gold trend of Nevada. The report, completed by RESPEC of Reno, Nevada, was submitted as part of the company’s effort to finalize the acquisition of the Golden Arrow property.
Key Resource Estimates
| Category | Total AuEq (oz) | Cut‑off Grade (AuEq/ton) | AuEq (oz/ton) | Ag (oz/ton) | Measured | Indicated | Measured + Indicated | Inferred |
|---|---|---|---|---|---|---|---|---|
| Measured | 2 198 000 | 0.029 | 0.025 | 54 000 | 0.37 | – | – | – |
| Indicated | 12 897 000 | 0.022 | 0.019 | 241 000 | 0.27 | – | – | – |
| Measured + Indicated | 15 376 000 | 0.023 | 0.019 | 296 000 | 0.28 | – | – | – |
| Inferred | 8 648 000 | 0.010 | 0.007 | 60 000 | 0.27 | – | – | – |
The estimates are based on cutoff grades of 0.005 oz AuEq/ton for oxide material and 0.006 oz AuEq/ton for sulfide material. The report also notes the total gold and silver resources, measured and indicated grades, and inferred resources.
Context and Recent Corporate Activity
- Capital Structure: Fairchild recently completed a private placement that increased its share count to 13 841 249 shares.
- Market Performance: As of 23 February 2026, the company’s share price closed at 9.5 ¢, with a 52‑week high of 11 ¢ and a low of 3 ¢. The market capitalization stands at approximately 15.2 million CAD.
- Regulatory Filings: In the same week, Patrick Orlando filed an early warning report regarding the company’s acquisition activities, indicating ongoing diligence in property acquisitions.
Implications
The updated NI 43‑101 report confirms the viability of the Golden Arrow project and supports Fairchild’s strategy of acquiring and developing mineral assets. The detailed resource figures provide investors with a clearer picture of the project’s potential and help to position the company for future financing or development decisions.
