- Mayfair Gold (MFG) has completed its maiden North Block regional exploration drill program at the Fenn-Gib Project
- There had only limited systematic regional exploration on the 32.55 km2 North Block, which hosts a NI 43-101 Indicated Resource of 2.08 million ounces
- The North Block regional program commenced in January with ground geophysics over the priority Talisman and Horseshoe targets
- Mayfair Gold (MFG) was trading steady at C$1.20 per share at 11:00 am ET
Mayfair Gold (MFG) has completed its maiden North Block regional exploration drill program at the Fenn-Gib Project.
Prior to Mayfair’s acquisition of Fenn-Gib, there was only limited systematic regional exploration on the 32.55 km2 North Block, which hosts a NI 43-101 Indicated Resource of 2.08 million ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 km and up to 300 meters wide at the west end.
The North Block regional program commenced in January with ground geophysics over the priority Talisman and Horseshoe targets. Assay results are pending.
Mayfair Gold’s President and CEO Patrick Evans commented that immediately after acquiring Fenn-Gib at the end of 2020, planning commenced for regional exploration beyond the 110,000-metre infill and expansion drill program on the Fenn-Gib deposit.
“Mayfair completed the first ever heliborne, high-resolution triaxial MAG survey at 75m-spaced flight lines over both the North and South Blocks in April 2021. A comprehensive North Block follow-up surface work program took place over the summer of 2021 while SRK Consulting completed a regional-scale structural geology interpretation of the aeromagnetic data. Based on the very encouraging results, planning started for the maiden North Block regional drill program.”
Mayfair Gold is a Canadian mineral exploration company focused on advancing its Fenn-Gib Gold Project located in the Timmins region of Northeast Ontario. The Fenn-Gib gold deposit is Canada’s first carbon-neutral gold project.
Mayfair Gold (MFG) was trading steady at C$1.20 per share at 11:00 am ET.
