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Mayfair Gold Reports Significant High-Grade Gold Intercepts on the Footwall Zone at Fenn-Gib
19.2m at 3.40 g/t Gold within 66.0m at 1.42 g/t Gold Mineralization outside current pit constrained Indicated 2.08M ounce Resource Four drill rigs active at Fen
About this update from Mayfair Gold Corp.
[{"type":"text","content":" 19.2m at 3.40 g/t Gold within 66.0m at 1.42 g/t Gold Mineralization outside current pit constrained Indicated 2.08M ounce Resource Four drill rigs active at Fenn-Gib 44,052m completed in 65 holes Metallurgical testing underway VANCOUVER, British Columbia, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce further drill results from the higher-grade Footwall Zone located between 100 and 200 meters (m) to the north of the Fenn-Gib deposit. The Fenn-Gib deposit, located in the Timmins region of Northeast Ontario, 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 300m wide. The Footwall Zone mineralization is not included in the current Fenn-Gib resource and is a priority target in Mayfair’s Phase 1 50,000m drilling campaign. The infill and expansion drilling is being supported by four drill rigs with 44,052m completed to date in 65 holes. Mayfair Gold President and CEO Patrick Evans commented: “The new drill holes at the Fenn-Gib Footwall Zone confirm the continuity of the significant high-grade gold mineralization immediately to the north of the deposit. This Footwall Zone mineralization outcrops at surface and continues to more than 500m below surface. It is very encouraging to see the gold mineralization present in multiple zones.” The Footwall Zone target consists of multiple mineralized zones hosted primarily in the footwall mafic volcanic assemblage within the general east-west trending Pipestone Fault mineralized corridor. Mineralization consists of bleached, buff-altered (silica-albite-carbonate alteration) pillowed mafic volcanic with pyrite ranging from 2% to over 20%. Drill Results The latest Footwall Zone drill results continue to intersect significant gold mineralization, building on the previously reported results. Highlights of the newly reported mineralized intervals include: Drill Section 558525E which includes 2011 historical drill hole FG-11-05 that intersected 3.62 g/t gold (Au) over 59.0m and 4.22 g/t Au over 6.0m. FG21-166 intersected 1.42 g/t Au over 66.0m, including 3.4 g/t Au over 19.2m and also 6.20 g/t Au over 9.2m. This intersection is located approximately 180m above the mineralized intersection in histor...