#Canada #Toronto #Mayfair Gold #Fenn-Gib Project #Ayaz Kassam

Mayfair Gold Strengthens Team with New Director of Projects

Mayfair Gold Corp. is making significant strides in advancing its Fenn-Gib Gold Project with the recent appointment of Ayaz Kassam as the Director of Projects. This strategic move underscores the company's commitment to building a robust project team, essential for the successful development of its assets in Northern Ontario.

Ayaz Kassam, a seasoned professional engineer, brings nearly two decades of rich experience in project management. He previously served as a Senior Project Manager at Canada Nickel Company, where he played a pivotal role in delivering complex projects that encompassed all phases of project delivery, from initial feasibility to final commissioning. Kassam's ability to lead cross-functional teams and engage with various stakeholders effectively is crucial for navigating the challenges of the mining sector.

Drew Anwyll, the Chief Executive Officer of Mayfair Gold, expressed enthusiasm over Kassam's addition to the team, highlighting his extensive background in engineering and project management. Anwyll remarked, "We are excited to welcome Ayaz to Mayfair Gold as we continue to build the team that will advance the Fenn-Gib Gold Project toward development. His technical expertise and disciplined approach will be instrumental as we shift towards construction decisions anticipated as early as 2028."

Kassam holds a Bachelor’s degree in Civil Engineering from Concordia University and a Master’s degree in Civil Engineering from the University of Washington. His educational foundation complements his substantial hands-on experience in managing projects within the mining and infrastructure sectors, positioning him perfectly to guide the Fenn-Gib Project through its critical phases.

The Fenn-Gib Gold Project is a cornerstone of Mayfair Gold’s operations, boasting an indicated mineral resource of 4.3 million ounces of gold. The company is focused on developing a high-grade mineral reserve of over 1 million ounces, which is located close to the surface. This objective aligns with the anticipated outcomes of the 2026 Pre-Feasibility Study (PFS), which anticipates an initial development capital of approximately C$450 million and a payback period of just 2.7 years.

Kassam voiced his excitement about joining Mayfair Gold at this transformative stage, noting the importance of disciplined execution in the forthcoming phases of engineering, permitting, and project readiness. He emphasized, "As the Company moves forward, high-quality work will be essential to building a solid foundation for the development phase ahead. I anticipate collaborating with Mayfair’s exceptional team and our engineering partners throughout this pivotal pre-construction period."

With this addition, Mayfair Gold is not only enhancing its project management capabilities but also signaling its intention to advance its flagship project towards sustainable growth. The strategic focus on the Fenn-Gib Project aligns with the company's broader vision of establishing itself as a new gold producer in Canada, with plans to initiate construction by 2028 and to see initial production by 2030.

The Fenn-Gib Project is well-positioned to play a significant role in Canada’s growing gold market, and Kassam's leadership is expected to be a key factor in achieving the company’s ambitious goals. With ongoing efforts in detailed engineering, stakeholder engagements, and permitting, Mayfair Gold is taking calculated steps towards a promising future.

In conclusion, the integration of Ayaz Kassam into Mayfair Gold's leadership reflects the company's priority of fostering a highly competent project team necessary for navigating the complexities of mining project development efficiently. As the timeline for the Fenn-Gib Project progresses, the mining community will be keenly observing Mayfair's developments under Kassam's guidance.