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Mayfair Gold Makes New Discovery at Fenn-Gib Gold Project
Drilling at Contact Zone intersects high-grade mineralization 12.42 g/t Gold over 10m within 221m at 1.69 g/t Gold within 421m at 1.16 g/t Gold Footwall Zone dr
About this update from Mayfair Gold Corp.
[{"type":"text","content":" Drilling at Contact Zone intersects high-grade mineralization 12.42 g/t Gold over 10m within 221m at 1.69 g/t Gold within 421m at 1.16 g/t Gold Footwall Zone drilling continuing with two drill rigs VANCOUVER, British Columbia , Sept. 05, 2023 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the discovery of a new zone of gold mineralization at the Company’s 100% controlled Fenn-Gib Project (“Fenn-Gib”), located in the Timmins region of Northeast Ontario. Fenn-Gib 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 Contact Zone was discovered in the first two of five planned deep holes testing mineralization below the pit-constrained resource. Mayfair Gold President and CEO Patrick Evans commented: “Successful exploration is a key driver of shareholder value. Since acquiring Fenn-Gib thirty-two months ago, we have increased the pit-constrained resource by over 70 percent, continued delineation of the adjacent higher-grade Footwall Zone discovery, and now made a new discovery at the Contact Zone. These significant achievements are credited to the knowledge, experience, and dedication of Mayfair’s entire exploration team under the leadership of Howard Bird, Vice President Exploration and Paul Degagne, Manager Exploration.” Highlight Contact Zone drill results include: FG23-350A intersected 1.06 g/t Au over 124.0m, with higher grade intervals including 3.22 g/t Au over 11.0m; FG23-356 intersected 1.16 g/t Au over 421.0m, including higher grade intervals 12.42 g/t Au over 10.0m and 76.12 g/t over 1.5m (Further assays pending). The new zone of mineralization, called the Contact Zone, is located within the mafic volcanics below the Main Zone of the Fenn-Gib deposit. Both holes FG23-350A and FG23-356 intersected substantial widths of gold mineralized altered mafic volcanic rocks situated below the contact of the predominantly syenite intrusive body that comprises the Main Zone of the Fenn-Gib deposit. Discovery of the Contact Zone is significant as it confirms the continuation of gold mineralization at depth below the bottom of the c...