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Mayfair Gold Reports High-Grade Results from Fenn-Gib Drill Program, Including Ultra High-Grade Gold Intercept of 225 g/t (7.2 oz/t) over 1.5m
1.11 g/t Au over 145.2m, including 3.17 g/t Au over 40.3m 101,000m of 110,000m Infill and Expansion Drill Program Completed Resource update scheduled for Q2, 20
About this update from Mayfair Gold Corp.
[{"type":"text","content":" 1.11 g/t Au over 145.2m, including 3.17 g/t Au over 40.3m 101,000m of 110,000m Infill and Expansion Drill Program Completed Resource update scheduled for Q2, 2023 Pre-feasibility Study scheduled for 2023 VANCOUVER, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce the seventh 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 results of our 2022 drill program confirm that Fenn-Gib is an exceptional gold deposit located in the first-tier mining jurisdiction of Timmins, Ontario. The broadly disseminated gold mineralization continues from near surface to depths below 600 meters. We have already completed over 101,000m of our planned 110,000m drill program and it’s apparent that mineralization remains open in most directions. A further resource update is scheduled for Q2 2023 and preparations are underway for a Pre-Feasibility study, which is expected to be completed in Q4 2023.” Highlight drill results include: FG22-247A intersected 225.00 g/t Au over 1.5m; FG22-259 intersected 1.11 g/t Au over 145.2m, including 3.17 g/t Au over 40.3m; FG22-263A-W1 intersected 0.93 g/t Au over 140.0m, including 2.91 g/t Au over 22.1m; and FG22-230 intersected 0.83 g/t Au over 153.1m, including 1.05 g/t Au over 108.7m. The latest drill results continue to intersect significant gold mineralization building on the previously reported Fenn-Gib results, including: 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 intersected 1.12 g/t Au over 102.0m, including 2.66 g/t Au over 25.3m (news release October 13, 2022); hole FG21-148 which intersected&n...