Mayfair Gold Reports 3.04 g/t Gold over 31.5m within 112.1m at 1.21 g/t Gold from Fenn-Gib Expansion Drill Program
Mayfair Gold Reports 3.04 g/t Gold over 31.5m
within 112.1m at 1.21 g/t Gold from
Fenn-Gib Expansion Drill Program
Mineralization outside current pit-constrained indicated 2.08M
ounce resource
Approx. 76,600m of planned 80,000m drill program completed
Resource update on schedule for Q3 2022
Vancouver, British Columbia, June 8, 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 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 NI43-101 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: “Mayfair’s expansion drill program
continues to produce excellent results from areas outside the current resource. This increases
our confidence in the resource upside potential. Fenn-Gib is a large, robust gold system that has
significant potential for growth. We are rapidly approaching the end of our planned 80,000m drill
program and remain on track to report a resource update in Q3.”
Highlight drill results include:
1. FG21-190 intersected 0.59 grams/tonne (g/t) gold (Au) over 158.0m, including 1.07 g/t
Au over 34.0m;
2. FG21-216 intersected 0.64 g/t Au over 102.0m;
3. FG21-217C intersected 0.77 g/t Au over 184.5m, including 0.98 g/t Au over 62.0m, and
also including 1.31 g/t Au over 18.8m; and
4. FG22-223 intersected 1.21 g/t Au over 112.1m, including 3.04 g/t Au over 31.5m.
The latest drill results continue 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, which 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, which 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, which 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, which intersected 0.93 g/t Au
over 134.2m (including 1.31 g/t Au over 78.3m); and hole FG21-213, which intersected 1.02 g/t
Au over 92.7m (news release May 02, 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 results summary
Drill Hole From To Interval Gold
Name metres metres metres grams/tonne
FG21-184 521.0 534.1 13.1 0.92
FG21-190 457.0 615.0 158.0 0.59
Including 540.0 574.0 34.0 1.07
FG21-196 422.0 495.7 73.7 0.69
Including 422.0 455.0 33.0 1.03
FG21-201 428.0 448.0 20.0 0.78
494.0 520.0 26.0 0.94
Including 502.1 520.0 17.9 1.16
FG21-212 111.0 120.0 9.0 1.57
156.5 203.0 46.5 0.65
Including 156.5 171.0 14.5 1.37
304.0 309.2 5.2 5.29
FG21-214 207.3 223.0 15.7 0.91
298.0 315.3 17.3 0.47
341.6 344.0 2.4 7.43
FG21-216 350.0 452.0 102.0 0.64
FG21-217C 337.5 522.0 184.5 0.77
Including 364.0 426.0 62.0 0.98
Including 461.0 479.8 18.8 1.31
FG22-223 234.0 346.1 112.1 1.21
Including 278.5 310.0 31.5 3.04
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.
FG21-184 559006.15 5374895.70 5312.08 720.0 357 -55
FG21-190 559027.27 5374907.53 5311.95 741.0 356 -62
FG21-196 559027.20 5374907.73 5311.94 756.0 356 -57
FG21-201 559027.22 5374908.00 5311.97 678.0 357 -52
FG21-212 559078.00 5375097.73 5312.25 540.0 357 -58
FG21-214 559107.29 5375088.06 5311.69 534.0 357 -60
FG21-216 559107.52 5375087.75 5311.71 579.0 357 -70
FG21-217C 558868.25 5374941.70 5312.54 753.0 356 -62
FG22-223 558828.23 5375010.14 5312.89 480.0 356 -51
Plan and section maps of the above reported drill holes are available at https://mayfair-
gold.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
Mayfair is a Canadian mineral exploration company focused on advancing the 100% owned Fenn-
Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is May-
fair’s flagship asset. An updated open-pit constrained NI 43-101 resource estimate (February 5,
2021) 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.
For further information contact:
Patrick Evans, President and CEO
Email: [email protected]
Phone: (416) 670-5114
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
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