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Mayfair Gold Drills 6.59 g/t Gold over 19.6m within 30.0m at 4.72 g/t Gold at Fenn-Gib Footwall Zone
Hole FG23-330 reports near-surface 3,782.70 g/t Au over 0.5m Footwall Zone mineralization outside current Fenn-Gib pit-constrained 3.38 Moz Indicated resource F
About this update from Mayfair Gold Corp.
[{"type":"text","content":" Hole FG23-330 reports near-surface 3,782.70 g/t Au over 0.5m Footwall Zone mineralization outside current Fenn-Gib pit-constrained 3.38 Moz Indicated resource Footwall Zone defined over more than 500m strike length; open in all directions Steep dipping mineralization from surface to below 500m Multiple parallel mineralized structures intersected Two drill rigs active at Footwall Zone VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce further results from the higher-grade Footwall Zone located approximately 100 meters (m) to the northwest of the Fenn-Gib gold deposit. 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 ounces (Moz) 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 500m wide at the west end. Mayfair Gold President and CEO Patrick Evans commented: “Two of the three drill rigs at Fenn-Gib are focused on delineating the higher-grade Footwall Zone mineralization. Ongoing drilling this year has extended the strike of the near-surface Footwall Zone mineralization to approximately 500m and vertically down to more than 500m below surface. The Footwall Zone target consists of multiple parallel mineralized zones and is open in all directions. Based on the progress to date, Mayfair expects to report a maiden underground Footwall Zone resource in early 2024.” Highlight drill results include: FG23-344A intersected 4.72 g/t Au over 30.0m, including 6.59 g/t Au over 19.6m; FG23-328 intersected 15.65 g/t Au over 1.5m and 7.94 g/t Au over 7.0m; G23-330 intersected 3,782.70 g/t Au over 0.5m. The Footwall Zone is located immediately to the northwest of the Fenn-Gib deposit, striking in a north easterly direction and with a steep northerly dip. The target consists of multiple mineralized zones hosted primarily in the footwall mafic volcanic assemblage. Mineralization consists of bleached, buff-altered (silica-albite-carbonate alter...