Mayfair Gold drills 1.79 g/t gold over 44.6 metres of at Fenn-Gib, Ontario

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Mayfair Gold Corp. [MFG-TSXV; MFGQB-OTC] reported the sixth set of results for 2022 from the Fenn-Gib drill program, which is mainly focused outside the current conceptual pit-constrained resource. Results from the seven new drill holes reported today confirm strong strike and depth expansion of the Fenn-Gib gold mineralization, which remains open in most directions.

Mayfair’s 100% controlled Fenn-Gib Project, located in the Timmins region of northeast Ontario, hosts a NI43-101 Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 km and up to 300 metres wide at the west end. Based on assay results up to July 31, 2022, the company is planning to provide a resource update before the end of October 2022. A further resource update is planned for Q2 2023 which will incorporate all the drill results since July 31, including those reported below.

Mayfair Gold President and CEO Patrick Evans commented: “Fenn-Gib has tremendous upside for growth based on the remarkably consistent assay results from our expansion drill program. The broadly disseminated gold mineralization continues from near-surface to depths below 600 metres. Although we have already completed approximately 96,000 metres of our planned 110,000-metre drill program, it’s apparent that the mineralization remains open in most directions.”

Highlight drill results include drill hole FG22-242 that intersected 1.40 g/t gold over 65.0 metres, including 1.79 g/t gold over 44.6 metres. FG22-250 intersected 0.87 g/t gold over 311.0 metres, including 1.08 g/t gold over 57.0 metres, including 1.10 g/t gold over 99.0 metres and 1.36 g/t gold over 33.6 metres.

FG22-251 intersected 0.69 g/t gold over 158.0 metres, including 1.05 g/t gold over 85.0 metres. FG22-254 intersected 1.12 g/t gold over 102.0 metres, including 2.66 g/t gold over 25.3 metres. FG22-257B intersected 0.87 g/t gold over 68.3 metres, including 1.08 g/t gold over 38.6 metres.

The above drill results continue to intersect significant gold mineralization building on the previously reported Fenn-Gib results, including hole FG21-153 that intersected 233.0 metres of 1.05 g/t gold, including 84.0 metres of 1.83 g/t gold, and also including 25.5 metres of 4.70 g/t gold; hole FG21-148 which intersected 101.0 metres of 0.88 g/t gold, including 51.7 metres of 1.16 g/t gold; hole FG21-149 intersected 101.9 metres of 0.75 g/t gold, including 18.0 metres of 1.77 g/t gold; hole FG21-150 intersected 65.5 metres of 1.18 g/t gold, including 10.0 metres of 4.24 g/t gold; hole FG21-190 intersected 0.59 g/t gold over 158.0 metres, including 1.07 g/t gold over 34.0 metres, hole FG21-217C intersected 0.77 g/t gold over 184.5 metres, including 0.98 g/t gold over 62.0 metres, and including 1.31 g/t gold over 18.8 metres, and hole FG22-223 intersected 1.21 g/t gold over 112.1 metres, including 3.04 g/t gold over 31.5 metres; hole FG21-206 intersected 0.93 g/t gold over 134.2 metres, including 1.31 g/t gold over 78.3 metres, and hole FG21-213 intersected 1.02 g/t gold over 92.7 metres. Drilling at Fenn-Gib is continuing with the support of three drill rigs. Additional drill results from the infill, expansion and step-out drill program will be announced as soon as they are received.

The Fenn-Gib gold deposit is Mayfair’s flagship asset. An open-pit constrained NI 43-101 resource estimate a total Indicated Resource of 70.2M tonnes containing 2.08M ounces grading 0.921 g/t gold and an Inferred Resource of 3.8M tonnes containing 75,000 ounces grading 0.618 g/t gold. The deposit has a strike length of approximately 1.25 km with widths ranging up to 300 metres. The gold mineralized zones remain open at depth and along strike to the east and west. Recently completed metallurgical tests confirm that the Fen-Gib deposit can deliver robust gold recoveries of up to 94%.

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