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Mayfair Gold’s Fenn-Gib Project Maintains Carbon Neutrality for 2022
Carbon offsets purchased to mitigate 2022 GHG emissions Canada-wide Thermal Residential Heating Project funded Vision to design Canada’s first carbon neutral go
About this update from Mayfair Gold Corp.
[{"type":"text","content":" Carbon offsets purchased to mitigate 2022 GHG emissions Canada-wide Thermal Residential Heating Project funded Vision to design Canada’s first carbon neutral gold mine VANCOUVER, British Columbia, June 22, 2023 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce that the Fenn-Gib Project (“Fenn-Gib”), Canada’s first carbon neutral gold project, has purchased carbon offsets to account for emissions from Company-wide activities during 2022, the Company’s second year of operations. Mayfair’s 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, 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 near-surface Fenn-Gib gold mineralization is broadly disseminated striking east-west on the Pipestone Fault over more than 1.5 kilometers (km) and is over 500 meters (m) wide at the west end. Mayfair Gold President and CEO Patrick Evans commented: “Gold is Canada’s most valuable mined commodity, valued in excess of $12 billion annually. The industry is a significant driver of economic activity across Canada, directly employing approximately 400,000 Canadians and offering the highest average annual industrial rate of pay in the country. The future of the industry depends critically upon sustainable development. At Fenn-Gib, we are laying the foundation for Canada’s first carbon neutral gold mine. Our commitment started on January 1, 2021, when Mayfair acquired Fenn-Gib, and will continue through our exploration program, mine development, operations, and eventual closure.” An independent assessment of the Company’s activities, conducted by Toronto-based Carbonzero, determined Mayfair Gold’s Scope 1, 2, and material Scope 3 GHG emissions to be 688 tonnes of CO2-equivalent. These emissions related principally to exploration activities at Fenn-Gib, where a total of 64,838m was drilled in 116 holes. To compensate for these emissions, Mayfair has purchased carbon offsets from Carbonzero to support the Canada-wide Thermal Residential Heating Aggregation Project, with the offsets being retired on the Canadian Standards Association (CSA) ...