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Mayfair Gold Advances Regional Exploration at Fenn-Gib Project, Ontario
Approx. 2,000 meters of drilling completed on Talisman Target, North Block 84.4 kilometers of line-cutting completed on South Block 54.5 line-kilometers Induced
About this update from Mayfair Gold Corp.
[{"type":"text","content":" Approx. 2,000 meters of drilling completed on Talisman Target, North Block 84.4 kilometers of line-cutting completed on South Block 54.5 line-kilometers Induced Polarization geophysical survey completed on South Block South Block drilling scheduled to start late April VANCOUVER, British Columbia, April 06, 2022 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTC: MFGCF) is pleased to report on progress with the Company’s regional exploration program at the 100%-controlled Fenn-Gib Project. Located in the Timmins region of Northeast Ontario, Fenn-Gib hosts a NI 43-101 pit-constrained Indicated Resource of 2.08M gold ounces (see the “About Mayfair” section below) with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers (km) and up to 300 meters (m) wide at the west end. Regional exploration is focused on both the Fenn-Gib North Block (32.55 km2), which straddles the Pipestone Fault mineralized corridor, and the South Block (14.72 km2), which straddles the Destor-Porcupine Fault. The strategically located North and South blocks are separated by approx. 3 km. Mayfair Gold President and CEO Patrick Evans commented: “Immediately after acquiring Fenn-Gib at the end of 2020, planning commenced for regional exploration beyond the 80,000 m infill and expansion drill program at the Fenn-Gib deposit. Mayfair completed the first ever heliborne, high-resolution triaxial MAG survey at 75 m spaced flight lines over both the North and South Blocks in April 2021. A comprehensive North Block follow-up surface work program took place over the summer of 2021 while SRK Consulting completed a regional-scale structural geology interpretation of the aeromagnetic data. Based on the very encouraging results, planning started for maiden regional drill programs on both the North and South blocks.” The North block 2022 program commenced in January with ground geophysics over the priority Talisman and Horseshoe targets. Drilling at the Talisman Target, located approx. 350 m west of the Fenn-Gib deposit, commenced on March 3, 2022. To date, approx. 2,000 m of drilling has been completed in seven holes. On completion of drilling at Talisman, the rig will be moved to the Horseshoe Target, located approx. 500 m northwest of Fenn-Gib, where eight holes are initially planned. The South bl...