Business
Mayfair Delivers Robust Pre-Feasibility Study for the Fenn-Gib Gold Project
Mayfair Gold Corp. ("Mayfair", "Mayfair Gold" or the "Company") (TSXV: MFG) (OTCQX: MFGCF) is pleased to announce the results of its 2026 Pre-Feasibility Study ("PFS") for the Fenn-Gib gold project in the Timmins Gold District of Ontario, Canada. The study has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). The NI 43-101 Technical Report for the PFS will be filed within the next 45 days and will be made available under the
About this update from Mayfair Gold Corp.
[{"type":"text","content":"All amounts are in Canadian Dollars unless otherwise noted","length":58,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Base Case - US$3,100/oz Au and C$/US$ exchange rate of 1.35:","length":60,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"After-Tax NPV (5%): $652 million","length":37,"tagName":"p"}]},{"val":[{"type":"text","content":"Payback Period: 2.7 years","length":25,"tagName":"p"}]},{"val":[{"type":"text","content":"NPV to Capex: 1.4x","length":18,"tagName":"p"}]},{"val":[{"type":"text","content":"Cumulative Free Cash Flow1 Years 1-6: $896 million","length":50,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":130,"olType":false}]}],"tagName":"ul","bulletedList":true,"length":190,"olType":false},{"type":"text","content":"VANCOUVER, BC, Jan. 8, 2026 /CNW/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold" or the "Company") (TSXV: MFG) (OTCQX: MFGCF) is pleased to announce the results of its 2026 Pre-Feasibility Study ("PFS") for the Fenn-Gib gold project in the Timmins Gold District of Ontario, Canada. The study has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). The NI 43-101 Technical Report for the PFS will be filed within the next 45 days and will be made available under the Company's profile on SEDAR+ and on the Company's website. Unless otherwise stated, all dollars in this news release are expressed in Canadian dollars.","length":745,"tagName":"p"},{"type":"text","content":"Highlights of the 2026 PFS for the Fenn-Gib Gold Project in Ontario:","length":68,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"After-tax NPV(5%) of $652 million, IRR of 24% at US$3,100/oz base case gold price and 1.35 C$/US$ exchange rate2","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"After-tax NPV(5%) of $1.37 billion, IRR of 38% at US$4,450/oz spot gold price3 and 1.38 C$/US$ exchange rate ","length":108,"tagName":"p"}]},{"val":[{"type":"text","content":"Average grade processed of 1.47 g/t gold over the first 6 years of operations for average annual gold production of 71,336 ounces at an AISC4 of US$1,171/oz ","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"Average grade proce...