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Mayfair Gold Expands Fenn-Gib Drill Program to 80,000 meters
Phase 1 drill program: 50,000m +49,700m completed in 78 holes Phase 2 drill program: 30,000m Metallurgical testing underway VANCOUVER, British Columbia, Nov. 15
About this update from Mayfair Gold Corp.
[{"type":"text","content":" Phase 1 drill program: 50,000m +49,700m completed in 78 holes Phase 2 drill program: 30,000m Metallurgical testing underway VANCOUVER, British Columbia, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced the significant expansion of the ongoing drill program at its flagship 100%-controlled Fenn-Gib gold project located in the Timmins region of Northeast Ontario. The Fenn-Gib deposit (“Fenn-Gib”) currently hosts a pit-constrained Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers and up to 300 meters (m) wide. Mayfair Gold President and CEO Patrick Evans commented: “Since acquiring Fenn-Gib less than a year ago, we are close to completing the 50,000m Phase 1 infill and expansion drill program. We are very pleased with the results reported to date. Based on these results, it is apparent that the mineralization at Fenn-Gib remains to be fully delineated. Gold mineralization continues to be intersected in every hole drilled to date and remains open in most directions. To fully delineate the Fenn-Gib resource potential, we have now expanded our drill program by a further 30,000m.” The 30,000m Phase 2 drill program will be supported by three drill rigs and is expected to be completed in the second quarter of 2022. Subject to the timely receipt of assay results, Mayfair expects to report an updated NI 43-101 mineral resource for Fenn-Gib during the third quarter of 2022, with a preliminary economic assessment planned for the fourth quarter of 2022. Mayfair’s infill and expansion drill program has been focused on five areas at the Fenn-Gib deposit: Infill drilling within the current resource area to reduce drill hole spacing within the current conceptual open pit to a maximum of 50m; Expansion drilling below the shallow area of the current conceptual open pit in the center and east of the deposit; Expansion drilling to the east of the current conceptual open pit; Infill and expansion drilling for potential underground resources across the full strike of the Fenn-Gib deposit; and Infill and expansion drilling at the high-grade Footwall Zone in close proximity to the north of the Fenn-Gib deposit. Assay results and drill plan and sections maps for all completed drill holes can be f...