Business
Mayfair Gold Reports 1.06 g/t Gold over 163.1m Including 2.92 g/t Au over 23.2m from Fenn-Gib Drill Program
122,000m of 140,000m Infill and Expansion Drill Program Completed Resource update scheduled for Q2 2023 Geotechnical drill program planned for Q2 2023 Pre-feasi
About this update from Mayfair Gold Corp.
[{"type":"text","content":" 122,000m of 140,000m Infill and Expansion Drill Program Completed Resource update scheduled for Q2 2023 Geotechnical drill program planned for Q2 2023 Pre-feasibility Study scheduled for H2 2023 VANCOUVER, British Columbia, March 29, 2023 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the latest set of drill results from the Fenn-Gib resource expansion and infill drill program. Mayfair’s 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit constrained Indicated Resource of 3.06 million (M) ounces and an Inferred Resource of 0.31M ounces (see the “About Mayfair” section below), with disseminated gold mineralization striking east-west on the Pipestone Fault over more than 1.25 kilometers (km) and up to 300 meters (m) wide at the west end. “The size and quality of the Fenn-Gib deposit is evident from the wide areas of higher-grade gold mineralization we continue to define both within and below the current conceptual open pit,” said Mayfair Gold President and CEO Patrick Evans. “Gold mineralization has been intercepted in every hole drilled over the past 27 months; however, it is apparent from some of the lower-grade intercepts reported today that we are approaching the outer limits of the Fenn-Gib mineralization. Based on assay results received to date, Mayfair is planning to release an updated NI 43-101 resource statement in the second quarter.” Mr. Evans added: “Planning is also underway for geotechnical drilling and hydrogeology campaigns, which are scheduled to commence in April. The data from these campaigns will support Mayfair’s planned pre-feasibility study, which is also scheduled to commence shortly and expected to be completed in H2 2023.” Highlight drill results include: 1. FG22-291 intersected 1.06 grams per tonne (g/t) Gold (Au) over 163.1m, including 2.92 g/t Au over 23.2m, including 4.61 g/t Au over 10.9m; 2. FG22-240 intersected 13.20 g/t Au over 1.5m, 0.80 g/t Au over 96.0m, including 1.71 g/t Au over 29.0m, 43.70 g/t Au over 1.5m and 6.14 g/t Au over 3.2m; 3. FG22-276A intersected 20.93 g/t Au over 1.0m and 0.78 g/t Au over 187.5m, including 1.26 g/t Au over 77.9m; 4. FG22-277A intersected 0.56 g/t Au over 334.0m, including 0.86 g/t Au over 102.0m. The ...