Mayfair Gold Drills 1.40 g/t Gold over 65.0m from Fenn-Gib Expansion Drill Program
Mayfair Gold Drills 1.40 g/t Gold over 65.0m
from Fenn-Gib Expansion Drill Program
Reported mineralization outside current Fenn-Gib pit-constrained
2.08M ounce Indicated Resource
Resource update on schedule for completion in current quarter
Fully funded 30,000m Phase 3 drill program progressing with three
drill rigs
Vancouver, British Columbia, July 27, 2022 – Mayfair Gold Corp. (“Mayfair” or the “Company”)
(TSX-V: MFG; OTC: MFGQB) is pleased to announce further results from the Fenn-Gib expansion
drill program, which is primarily focused outside of the current conceptual pit-constrained
resource. Mayfair’s 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast
Ontario, hosts a NI 43-101 Indicated Resource of 2.08M ounces (see the “About Mayfair” section
below) with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25
kilometers (km) and up to 300 meters (m) wide at the west end.
Mayfair Gold President and CEO Patrick Evans commented: “The Fenn-Gib deposit continues to
return excellent results from the expansion drill program. The 80,000m Phase 1/2 drill program
was completed last month and we remain on track to report an updated NI 43-101 mineral
resource for Fenn-Gib during the current quarter. The fully funded 30,000m Phase 3 drill program
is progressing with three drill rigs. Subject to continuing success, a further resource update could
be completed in Q1 2023.”
Highlighted drill results include:
1. FG22-237A intersected 0.78 grams/tonne (g/t) gold (Au) over 193.2m;
2. FG22-238 intersected 0.86 g/t Au over 123.2m;
3. FG22-241A intersected 1.29 g/t Au over 34.0m;
4. FG22-242 intersected 1.40 g/t Au over 65.0m.
The expansion drilling continues to intersect significant gold mineralization, building on the
previously reported Fenn-Gib Expansion Zone results, including: hole FG21-148 which
intersected 101.0m at a grade of 0.88 g/t Au, including 51.7m at a grade of 1.16 g/t Au; hole
FG21-149 intersected 101.9m at a grade of 0.75 g/t Au, including 18.0m at a grade of 1.77 g/t
Au; hole FG21-150 intersected 65.5m at a grade of 1.18 g/t Au, including 10.0m at a grade of
4.24 g/t Au (news release July 27, 2021); hole FG21-153 intersected 233.0m at a grade of 1.05
g/t Au, including 84.0m at a grade of 1.83 g/t Au, and also including 25.5m at a grade of 4.70 g/t
Au (news release August 17, 2021) . FG21-206 intersected 0.93 g/t Au over 134.2m, including
1.31 g/t Au over 78.3m , and hole FG21-213 intersected 1.02 g/t Au over 92.7m (news release
May 02, 2022). Hole FG21-190 intersected 0.59 g/t Au over 158.0m , including 1.07 g/t Au over
34.0m, hole FG21-217C intersected 0.77 g/t Au over 184.5m , including 0.98 g/t Au over 62.0m
and 1.31 g/t Au over 18.8m, and hole FG22-223 intersected 1.21 g/t Au over 112.1m, including
3.04 g/t Au over 31.5m (news release June 08, 2022).
The latest reported drill results are summarized in Table 1, and Table 2 lists the drill hole details
below.
Table 1 - Fenn-Gib reported drill hole results summary
Drill Hole From To Interval Gold
Name metres metres metres grams/tonne
FG22-237A 421.8 615.0 193.2 0.78
including 468.0 523.0 55.0 1.18
and 553.0 596.0 43.0 1.09
FG22-238 459.8 583.0 123.2 0.86
including 459.8 493.5 33.7 1.13
and 507.0 525.0 18.0 1.19
FG22-241A 522.0 545.0 23.0 0.48
556.0 594.0 38.0 0.47
621.0 655.0 34.0 1.29
FG22-242 440.0 505.0 65.0 1.40
FG22-246 454.5 638.0 183.5 0.53
Table 2 - Fenn-Gib reported drill hole collar information
Hole Name Collar Easting Collar Northing Collar Elevation Depth Collar Azimuth Collar Dip
mE mN masl m Deg. Deg.
FG22-237A 558572.13 5374899.78 5313.4 765.0 355 -56
FG22-238 558526.25 5374885.81 5313.5 747.0 355 -58
FG22-241A 558574.16 5374868.41 5313.5 900.0 355 -62
FG22-242 558526.33 5374885.62 5313.5 804.4 356 -53
FG22-246 558574.27 5374868.05 5313.5 783.0 355 -57
Plan and section maps of the above reported drill holes are available at
https://mayfairgold.ca/fenn-gib/#drillplanmap§ions.
Additional drill results from the infill, expansion and step-out drill program will be announced as
soon as they are received.
QA/QC Controls
Mayfair employs a QA/QC program consistent with NI 43-101 and industry best practices. Surface
drilling was conducted by Major/Norex Drilling of Timmins, Ontario and was supervised by the
Mayfair exploration team. Mayfair’s drill program includes descriptive logging and sampling of
the drill core for analysis at Mayfair’s secure facility located in Matheson, Ontario. Sampled drill
core intervals were sawn in half with a diamond blade saw. Half of the sampled core was left in
the core box and the remaining half was bagged and sealed. Mayfair utilizes accredited
laboratories, and the samples were transported by Mayfair personnel to the Actlabs laboratory
in Timmins, Ontario. Gold was analyzed by 30-gram fire assay with AA-finish. Certified reference
material (CRM) standards and coarse blank material are inserted every twenty samples.
Drill intercepts cited do not necessarily represent true widths, unless otherwise noted.
****
About Mayfair Gold
Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% con-
trolled Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold de-
posit is Mayfair’s flagship asset. An updated open-pit constrained NI 43-101 resource estimate
(Source: “NI 43-101 Technical Report Fenn-Gib Project, Ontario, Canada” dated February 5,
2021, authored by JDS Energy and Mining, Inc. and Kirkham Geosystems Ltd.) reported a total
Indicated Resource of 70.2M tonnes containing 2.08M ounces at a grade of 0.921 g/t Au and an
Inferred Resource of 3.8M tonnes containing 75,000 ounces at a grade of 0.618 g/t Au. The deposit
has a strike length of approx. 1.25km with widths ranging up to 300m. 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%.
For further information contact:
Patrick Evans, President and CEO
Email: [email protected]
Phone: (480) 7476-3032
Web: www.mayfairgold.ca
Qualified Person Statement
Mayfair Gold’s disclosure of technical and scientific information in this news release has been
reviewed and approved by Howard Bird, P Geo., Vice President Exploration for the Company,
who serves as a Qualified Person under the definition of National Instrument 43-101.
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. Any statements that express,
or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events
or performance (often, but not always, through the use of words or phrases such as "will likely
result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes",
"estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook")
are not historical facts and may be 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 impact and
progression of the COVID-19 pandemic and other factors. 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.