Announcement Date: 2023-02-27
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Mayfair Gold Corp.
Project name: Fenn-Gib
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 16.2m at 2.05g/t Au from 334.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, British Columbia, Feb. 27, 2023 — Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce further results from the higher-grade Footwall Zone located approximately 100 meters (m) to the north of the Fenn-Gib gold deposit. 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 300m wide at the west end. Mayfair Gold President and CEO, Patrick Evans, commented: “Ongoing drilling in 2023 has extended the northeastern strike of the Footwall Zone mineralized structure by approximately 200m in six drill holes. The Footwall Zone mineralization now strikes for approximately 400m, outcrops at surface, has been intersected vertically down to approximately 500m below surface, and remains open in all directions. Drilling continues to confirm the higher-grade gold mineralization, and two drill rigs are active to determine the structure and tonnage potential of the Footwall Zone.”
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