Fairchild Gold Announces Filing of Updated NI 43-101 Technical Report on Golden Arrow Au-Ag Project, Walker Lane Gold Trend, Nevada

Original announcement by tmx on

Company
Fairchild Gold Corp.
Ticker
FAIR
Exchange
TSX
Region
Nevada
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Resource update
Extracted
2026-09-12 04:06:12 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Fairchild Gold Corp. has filed an updated NI 43-101 Technical Report for its Golden Arrow Au-Ag Project in Nevada, a key step to finalize the project acquisition. The report details gold and silver resources, including Measured, Indicated, and Inferred categories, and provides sensitivity analyses at various gold prices. This update enables the company to advance the project towards mine development.

Reasoning: The filing of an updated NI 43-101 compliant technical report for the Golden Arrow Project is a positive step towards finalizing its acquisition and advancing the project, despite the reported gold and silver grades being relatively low.

Positive factors

  • Updated NI 43-101 Technical Report filed
  • QP signed off on report
  • Resource estimate supports project acquisition
  • Metallurgical and economic assumptions for metal equivalent disclosed

Negative factors

  • Overall low grades for gold and silver resources

Facts used in scoring: 12

Classification and evidence

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The document explicitly states the report is an 'Updated NI 43-101 Technical Report' and complies with 'National Instrument 43-101'.

Evidence · text

“updated NI 43-101 Technical Report”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Michael S. Lindholm, CPG of RESPEC, is stated as the author of the estimate, and Richard R. Redfern, C.P.G., is stated as a 'qualified person' who reviewed and approved the scientific and technical information.

Evidence · text

“Michael S. Lindholm, CPG of RESPEC”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The report discloses cutoff grades of '0.005 oz AuEq/ton for oxide and 0.006 oz AuEq/ton for sulfide' in the footnote of Table 1.

Evidence · table

“*Based on cutoff grades of 0.005 oz AuEq/ton for oxide and 0.006 oz AuEq/ton for sulfide”

Context: Classification

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The resource estimate includes a 'Measured' category with 2,198,000 tons at 0.025 oz Au/ton.

Evidence · table

“Measured”

Context: 2,198,000

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource estimate includes an 'Indicated' category with 12,897,000 tons at 0.019 oz Au/ton.

Evidence · table

“Indicated”

Context: 12,897,000

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource estimate includes an 'Inferred' category with 8,648,000 tons at 0.007 oz Au/ton.

Evidence · table

“Inferred”

Context: 8,648,000

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document announces the filing of an 'Updated NI 43-101 Technical Report' on the project.

Evidence · text

“Updated NI 43-101 Technical Report”

Extracted facts

Stored fact records: 12. Some facts used in scoring do not have a stored record.

Resource Estimates (12)

measuredGolden Arrow Project · goldTonnes: 2198000View all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:ba95a964d35bc0cff319

Resource Data

Category
measured
Tonnes
2198000

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Measured resource with weak-moderate gold equivalent grade, providing high confidence for project planning.

Evidence · table

“0.029”

Context: 2,198,000

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

measuredGolden Arrow Project · goldTonnes: 2198000Grade: 0.025Grade Unit: oz/tonContained Metal: 54000Contained Unit: ozView all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:ba95a964d35bc0cff319

Resource Data

Category
measured
Tonnes
2198000
Grade
0.025
Grade Unit
oz/ton
Contained Metal
54000
Contained Unit
oz

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Measured resource with weak-moderate gold grade, providing high confidence for project planning.

Evidence · table

“0.025”

Context: 2,198,000

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

measuredGolden Arrow Project · silverTonnes: 2198000Grade: 0.37Grade Unit: oz/tonContained Metal: 822000Contained Unit: ozView all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:ba95a964d35bc0cff319

Resource Data

Category
measured
Tonnes
2198000
Grade
0.37
Grade Unit
oz/ton
Contained Metal
822000
Contained Unit
oz

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Silver resource with low grade, contributing as a byproduct but not a primary driver.

Evidence · table

“0.37”

Context: 2,198,000

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGolden Arrow Project · goldTonnes: 12897000View all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:9e20a024023f3a0c5e59

Resource Data

Category
indicated
Tonnes
12897000

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Indicated resource with weak-moderate gold equivalent grade, contributing to the overall resource base.

Evidence · table

“0.022”

Context: 12,897,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGolden Arrow Project · goldTonnes: 12897000Grade: 0.019Grade Unit: oz/tonContained Metal: 241000Contained Unit: ozView all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:9e20a024023f3a0c5e59

Resource Data

Category
indicated
Tonnes
12897000
Grade
0.019
Grade Unit
oz/ton
Contained Metal
241000
Contained Unit
oz

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Indicated resource with weak-moderate gold grade, contributing to the overall resource base.

Evidence · table

“0.019”

Context: 12,897,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGolden Arrow Project · silverTonnes: 12897000Grade: 0.27Grade Unit: oz/tonContained Metal: 3504000Contained Unit: ozView all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:9e20a024023f3a0c5e59

Resource Data

Category
indicated
Tonnes
12897000
Grade
0.27
Grade Unit
oz/ton
Contained Metal
3504000
Contained Unit
oz

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Silver resource with low grade, contributing as a byproduct but not a primary driver.

Evidence · table

“0.27”

Context: 12,897,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGolden Arrow Project · goldTonnes: 15376000View all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:211301a61c08d0f9f5f0

Resource Data

Category
indicated
Tonnes
15376000

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource with weak-moderate gold equivalent grade, providing high confidence for project planning.

Evidence · table

“0.023”

Context: 15,376,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGolden Arrow Project · goldTonnes: 15376000Grade: 0.019Grade Unit: oz/tonContained Metal: 296000Contained Unit: ozView all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:211301a61c08d0f9f5f0

Resource Data

Category
indicated
Tonnes
15376000
Grade
0.019
Grade Unit
oz/ton
Contained Metal
296000
Contained Unit
oz

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource with weak-moderate gold grade, providing high confidence for project planning.

Evidence · table

“0.019”

Context: 15,376,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGolden Arrow Project · silverTonnes: 15376000Grade: 0.28Grade Unit: oz/tonContained Metal: 4362000Contained Unit: ozView all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:211301a61c08d0f9f5f0

Resource Data

Category
indicated
Tonnes
15376000
Grade
0.28
Grade Unit
oz/ton
Contained Metal
4362000
Contained Unit
oz

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Combined Measured and Indicated silver resource with low grade, contributing as a byproduct but not a primary driver.

Evidence · table

“0.28”

Context: 15,376,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGolden Arrow Project · goldTonnes: 8648000View all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:c0cd6a26283bc61c9212

Resource Data

Category
inferred
Tonnes
8648000

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Inferred resource with weak gold equivalent grade, indicating potential but requiring further drilling to improve confidence.

Evidence · table

“0.010”

Context: 8,648,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGolden Arrow Project · goldTonnes: 8648000Grade: 0.007Grade Unit: oz/tonContained Metal: 60000Contained Unit: ozView all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:c0cd6a26283bc61c9212

Resource Data

Category
inferred
Tonnes
8648000
Grade
0.007
Grade Unit
oz/ton
Contained Metal
60000
Contained Unit
oz

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Inferred resource with low gold grade, indicating potential but requiring further drilling to improve confidence.

Evidence · table

“0.007”

Context: 8,648,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGolden Arrow Project · silverTonnes: 8648000Grade: 0.27Grade Unit: oz/tonContained Metal: 2322000Contained Unit: ozView all details
Link to this fact

Identity

Project
Golden Arrow Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
FAIR

Resource scope

Estimate type
resource
Effective date
2026-02-16T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Michael S. Lindholm
Resource group id
resource:c0cd6a26283bc61c9212

Resource Data

Category
inferred
Tonnes
8648000
Grade
0.27
Grade Unit
oz/ton
Contained Metal
2322000
Contained Unit
oz

Prior Estimate

Resource Date
2026-02-16

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Inferred silver resource with low grade, contributing as a byproduct but not a primary driver.

Evidence · table

“0.27”

Context: 8,648,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.