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Mayfair Gold Reports 1.85 g/t Gold over 130.5m Including 5.14 g/t Au over 29.2m from Fenn-Gib Drill Program
105,500m of 110,000m Infill and Expansion Drill Program Completed Resource update scheduled for Q2 2023 Pre-feasibility Study scheduled for 2023 VANCOUVER, Brit
About this update from Mayfair Gold Corp.
[{"type":"text","content":" 105,500m of 110,000m Infill and Expansion Drill Program Completed Resource update scheduled for Q2 2023 Pre-feasibility Study scheduled for 2023 VANCOUVER, British Columbia, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the ninth set of drill results for 2022 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. Mayfair Gold President and CEO Patrick Evans commented: “The Fenn-Gib 2022 expansion drill program continues to define wide areas of higher-grade gold mineralization within and below the current conceptual open pit. As the end of the current 110,000m drill program approaches, planning is underway for the continuation of the expansion drill program in 2023. The focus will be twofold: first, to continue defining potentially open-pittable gold mineralization in the higher-grade areas on the east side of the deposit; and second, to build on the maiden high-grade underground resource on the west side of the deposit.” Highlight drill results include: FG22-272 intersected 1.85 grams per tonne (g/t) Gold (Au) over 130.5m, including 2.70 g/t Au over 83.0m, including 5.14 g/t Au over 29.2m; FG22-274 intersected 0.71 g/t Au over 162.9m, including 1.09 g/t Au over 37.3m. The latest drill results continue to intersect significant gold mineralization building on the previously reported Fenn-Gib results, including: hole FG22-253 intersected 1.10 grams per tonne (g/t) Gold (Au) over 366.7m from near-surface, including 4.12 g/t Au over 14.0m and 5.66 g/t Au over 16.0m, hole FG22-267 intersected 1.53 g/t Au over 133.7m, including 3.18 g/t Au over 53.4m (news release December 1, 2022); hole FG22-242 intersected 1.40 g/t Au over 65.0m, including 1.79 g/t Au over 44.6m; FG22-250 intersected 0.87 g/t Au over 311.0m, including 1.08 g/t Au over 57.0m, including 1.10 g/t Au over 99.0m and 1.36 g/t Au over 33.6m and hole FG22-254...