- Mayfair Gold (MFG) reported positive results from its metallurgical test program at the Fenn-Gib gold project in the Timmins region of Ontario
- Preliminary metallurgical tests performed on a core‐based bulk sample returned whole-ore cyanidation gold recoveries of 84.3 per cent and gold flotation recoveries to a final concentrate approaching 94 per cent
- 112,000 metres of the planned 140,000 metres infill and expansion resource drill program has been completed to date
- Mayfair Gold (MFG) is trading at C$1.56 per share as of 9:50 am ET
Mayfair Gold (MFG) reported positive results from its metallurgical test program at the Fenn-Gib gold project in the Timmins region of Ontario.
Preliminary metallurgical tests performed on a core‐based bulk sample returned whole-ore cyanidation gold recoveries of 84.3 per cent, and gold flotation recoveries to a final concentrate approaching 94 per cent.
Metallurgical testing was conducted at SGS-Lakefield and executed concentrated cyanidation tests in January to optimize overall gold recovery from a flotation-cyanidation flowsheet alternative.
Sulphide flotation to a rougher concentrate achieved 96 per cent gold (Au) recovery with a target 20-25 per cent mass pull. Fine grinding of rougher concentrate followed by cyanidation saw 95.0 per cent Au extraction from the reground rougher concentrate, resulting in an overall 91.2 per cent Au recovery.
The team believes that metallurgical testing completed to date is sufficient to advance conceptual engineering as a pre-feasibility study, planned to commence shortly.
112,000 metres of the planned 140,000 metres infill and expansion resource drill program has been completed to date.
The Fenn-Gib deposit hosts an NI 43-101 pit-constrained indicated resource of 3.06M Au ounces.
Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100 per cent-controlled Fenn-Gib gold project in Northern Ontario.
Mayfair Gold (MFG) is trading at C$1.56 per share as of 9:50 am ET.
