Mayfair Gold Announces the Appointment of Vice President Technical Services
Mayfair Gold Announces the Appointment of Vice President Technical
Services
MATHESON, Ontario, April 18, 2024 -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) is
pleased to announce the appointment of Richard Klue to the position of Vice President Technical Services of Mayfair Gold. Mr.
Klue has over 40 years of experience in the mining, minerals, and metals industry, and has held numerous senior leadership
positions overseeing global engineering studies, projects, and engineering programs. Most recently, Mr. Klue was Vice
President Engineering and Studies at Hudbay Minerals Inc. Prior to that, he served as Vice President Technical Services at
Copper Mountain Mining Corp., Regional Director of Mining and Metals at Hatch, and Senior Vice President at Tetra Tech
Wardrop.
Mayfair’s president and CEO, Patrick Evans, commented: “We welcome Richard to the Mayfair team. He brings a wealth of
engineering study experience to Mayfair as he leads the team undertaking the pre-feasibility study currently underway.”
Mayfair Gold has granted Mr. Klue 100,000 incentive stock options under the Company long-term incentive plan at an exercise
price of $2.54. The options vest over 12 months and are exercisable for a five-year term expiring on April 17, 2029.
About Mayfair
Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project in
the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset and currently hosts an updated
NI 43-101 resource estimate with an effective date of April 6, 2023 with a total Indicated Resource of 113.69M tonnes
containing 3.38M ounces at a grade of 0.93 g/t Au and an Inferred Resource of 5.72M tonnes containing 0.16M ounces at a
grade of 0.85 g/t Au at a 0.40 g/t Au cut-off grade (Source: NI 43-101 Technical Report on Fenn-Gib Project, Ontario, Canada,
prepared by Tim Maunula, P. Geo., of T. Maunula & Associates Consulting Inc., dated April 6, 2023). Mr. Maunula is deemed
a qualified person as defined by NI 43-101. The Fenn-Gib deposit has a strike length of over 1.5km with widths ranging over
500m. The gold mineralized zones remain open at depth and along strike to the east and west. Recently completed
metallurgical tests confirm that the Fenn-Gib deposit can deliver robust gold recoveries of up to 94%.
For further information contact:
Patrick Evans, President and CEO
Phone: (480) 747-3032
Email: [email protected]
Web: www.mayfairgold.ca
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian
securities legislation (collectively, “ forward-looking statements ”) that relate to Mayfair’s current expectations and views of
future events, including the Board’s review of, and response to, Muddy Waters’ meeting requisition and the timing thereof, the
results of the Company’s Board recruitment process, the Board’s recommendation with respect to the election of directors at
its upcoming AGM, the timing of the AGM and exercise of nomination rights under Board Nomination Rights Agreements held
by two founders of the Company. Forward-looking statements and may involve estimates, assumptions and uncertainties
which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No
assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this
news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties,
many of which are beyond Mayfair’s control, which could cause actual results and events to differ materially from those that
are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to,
the results of the Board recruitment process. Mayfair undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors
emerge from time to time, and it is not possible for Mayfair to predict all of them, or assess the impact of each such factor or
the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any
forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their
entirety by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.