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Mayfair Gold Announces Successful Completion of Fenn-Gib Geotechnical Study
Geotech study completed at pre-feasibility level Overall slope angles between 40 and 51 degrees Inter-ramp angles between 49 and 61 degrees 560-meter pit depth
About this update from Mayfair Gold Corp.
[{"type":"text","content":" Geotech study completed at pre-feasibility level Overall slope angles between 40 and 51 degrees Inter-ramp angles between 49 and 61 degrees 560-meter pit depth at 45-degree slope angle MATHESON, Ontario, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the successful completion of the geotechnical and hydrogeology studies in support of pre-feasibility-level open-pit design for the Fenn-Gib Project. Mayfair’s 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit-constrained Indicated mineral resource estimate of 3.38 million (M) ounces (oz) gold (Au) at a grade of 0.93 grams per tonne (g/t) Au, and an Inferred mineral resource of 0.16Moz Au at 0.85 g/t Au (see the “About Mayfair” section below). The near-surface Fenn-Gib gold mineralization is broadly disseminated striking east-west on the Pipestone Fault over more than 1.5 kilometers (km) and is over 500 meters (m) wide at the west end. Mayfair Gold president and CEO Patrick Evans noted: “Since acquiring Fenn-Gib three years ago, Mayfair has increased the open-pit resource by over 70 percent, advanced drilling on the Footwall and Contact Zone discoveries, advanced baseline environmental studies, completed pre-feasibility level metallurgical studies, and now completed pre-feasibility level geotechnical studies. We are now preparing to commence a pre-feasibility study, which we expect to be completed by mid-2024.” Mayfair Gold contracted InnovExplo Inc. to manage the geotechnical and hydrogeology campaign. Field data was collected from geomechanical drilling, televiewer, and hydrogeological analyses to support laboratory testing. Seven geomechanical holes were drilled (3,228m) and 11 holes were surveyed using televiewer (5,306m). A total of 395 laboratory tests were performed to characterize the rock mass, along with various point load tests and other tests. The geological and geomechanical surveys described eight distinct geomechanical units—including the deformation zone, mafics, and sedimentary units, which form most of the modeled pit walls. Laboratory tests (including uniaxial compressive tests, Brazilian tests, and triaxial tests) were carried out on all geomechanical units, except for the diabase and the ultramafic volcanic units. Al...