#Canada #Vancouver #drilling program #Mayfair Gold #Fenn-Gib Project

Mayfair Gold Presents Initial Results from Fenn-Gib Project

Mayfair Gold Corp. recently revealed the preliminary results of its grade control drilling program at the Fenn-Gib Project, located in Northern Ontario. This initiative, designed to enhance grade clarity and support the overall mining strategy, involves a series of tightly-spaced drill holes aimed at simulating the conditions for effective grade assessment for the future operation.

Understanding the Grade Control Program

The program consisted of 56 diamond drill holes, accumulating approximately 4,200 meters in depth. Each hole was vertically drilled on a grid of 10 m x 10 m, targeting a depth of 75 meters. This strategic drilling is fundamental for the planned Phase 1 starter pit, which is projected to contain around one million tonnes of material destined to be fed into the processing plant once construction finalizes.

The analysis from 36 out of the 56 drill holes has been disclosed, indicating a favorable initial response that bolsters confidence in the ore's quality during the mine's early years. Nick Campbell, the CEO of Mayfair Gold, commented on these findings, highlighting the potential for positive grade reconciliation and validating assumptions made in the preliminary feasibility study (PFS). The remaining assays are expected to be processed in the first quarter of 2026.

Program Objectives and Expected Outcomes

The primary goals of the Grade Control Program include:

• - Validating near-surface grade distribution using tightly spaced drilling methods.
• - Comparing actual drilling results against existing resource models to assess local grade variability.
• - Enhancing the understanding of ore and waste boundaries to improve mining efficiency, helping to minimize dilution and optimize metal recovery during both planning and operations.
• - Increasing confidence in production grades for the ramp-up phase leading into the start of operations.
• - Contributing data that can de-risk the project post-PFS and facilitate financing processes.

Jean-Francois Metail, Mayfair's Mineral Resource consultant, emphasized the critical importance of this program in delivering mining-scale knowledge of the ore body’s geometry while reducing potential loss of ore and dilution, which may be significantly beneficial as the company gears up for initial production.

Interim Results and Their Implications

The disclosed result set permits a direct comparison between the newly acquired data and the current mineral resource block model. Notably, the Grade Control Program revealed a modest increase in the average grade at 1.47 grams per tonne (g/t) compared to the model's 1.40 g/t. Even more compelling was the outcome of applying a cutoff grade of 0.80 g/t, which unveiled higher averages over shorter lengths compared to those predicted in the resource block, emphasizing the program's effectiveness in generating incremental value.

It is important to note, however, that further conclusions about the overall mineral resource estimate or mining plans cannot be drawn until all data from the completed program has been thoroughly analyzed and verified.

Quality Assurance Measures

Mayfair Gold has instituted a rigorous Quality Assurance and Quality Control (QA/QC) protocol that aligns with NI 43-101 regulations and is acknowledged as industry best practice. The drill program was conducted by Black Diamond Drilling, specializing in comprehensive geological logging and systematic sampling techniques followed up by reliable analytical evaluations performed by recognized laboratories.

As data processing continues, the organization remains dedicated to maintaining transparency and accuracy, working toward project milestones with an approach grounded in diligence and extensive research methodologies.

Conclusion

The initial results from Mayfair Gold's drilling program signify a positive step toward validating the viability of the Fenn-Gib Project. As more data becomes available and the remaining drill results are evaluated in detail, the company is positioned to bolster its credibility within the mining community and among potential investors. With proactive strategies in place, Mayfair Gold is set to contribute towards establishing a new Canadian gold production story as it outlines key steps leading to its anticipated construction phase in 2028.