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Mayfair Gold Announces Appointment of Richard Klue to Vice President Technical Services
MATHESON, Ontario, April 18, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the appo
About this update from Mayfair Gold Corp.
[{"type":"text","content":" MATHESON, Ontario, April 18, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the appointment of Richard Klue to the position of Vice President Technical Services of Mayfair Gold. Mr. Klue has over 40 years of experience in the mining, minerals, and metals industry, and has held numerous senior leadership positions overseeing global engineering studies, projects, and engineering programs. Most recently, Mr. Klue was Vice President Engineering and Studies at Hudbay Minerals Inc. Prior to that, he served as Vice President Technical Services at Copper Mountain Mining Corp., Regional Director of Mining and Metals at Hatch, and Senior Vice President at Tetra Tech Wardrop. Mayfair’s president and CEO, Patrick Evans, commented: “We welcome Richard to the Mayfair team. He brings a wealth of engineering study experience to Mayfair as he leads the team undertaking the pre-feasibility study currently underway.” Mayfair Gold has granted Mr. Klue 100,000 incentive stock options under the Company long-term incentive plan at an exercise price of $2.54. The options vest over 12 months and are exercisable for a five-year term expiring on April 17, 2029. About Mayfair Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset and currently hosts an updated NI 43-101 resource estimate with an effective date of April 6, 2023 with a total Indicated Resource of 113.69M tonnes containing 3.38M ounces at a grade of 0.93 g/t Au and an Inferred Resource of 5.72M tonnes containing 0.16M ounces at a grade of 0.85 g/t Au at a 0.40 g/t Au cut-off grade (Source: NI 43-101 Technical Report on Fenn-Gib Project, Ontario, Canada, prepared by Tim Maunula, P. Geo., of T. Maunula & Associates Consulting Inc., dated April 6, 2023). Mr. Maunula is deemed a qualified person as defined by NI 43-101. The Fenn-Gib deposit has a strike length of over 1.5km with widths ranging over 500m. The gold mineralized zones remain open at depth and along strike to the east and west. Recently completed metallurgical tests confirm that the Fenn-Gib deposit can deliver robust gold recoveries of up to 94%. For further information contact: Patrick Evans, Pre...