Mayfair Gold Takes A Significant Step Forward with Fenn-Gib Gold Project Status Submission

Mayfair Gold Corp., a Canadian company dedicated to gold exploration and development, recently made a remarkable announcement regarding its Fenn-Gib Gold Project. On February 5, 2026, the company filed a Notice of Project Status (NPS) with the Province of Ontario, a significant milestone that outlines its commitment to advancing this gold project located in the Timmins mining district of northeastern Ontario.

This formal submission of the NPS registers the Fenn-Gib Gold Project with Ontario and signals the company's intent to move forward towards obtaining the necessary permits to transform the project into an operational mine. As stated by Nicholas Campbell, the CEO of Mayfair Gold, this development represents a clear affirmation of their objective to expedite the project while ensuring compliance with regulatory standards and stakeholder engagement.

Importance of the NPS Submission

The submission of the NPS is not simply a procedural step; it is a testament to Mayfair's proactive strategy in managing its regulatory commitments. The NPS acts as an official notification to Ontario's Ministry of Energy and Mines (MEM) of the company's plans to progress the project and emphasizes the importance of ongoing communication with local Indigenous communities, regional stakeholders, and other fellow rightsholders. This engagement is crucial for fostering positive relationships as the project moves through the technical studies and permitting phases.

This approach underlines Mayfair's dedication to environmental stewardship and social responsibility, which are essential in today’s mining landscape. Engaging with the Apitipi Anicinapek Nation and other local communities exemplifies how the company prioritizes inclusion and transparency in its operations.

Project Overview

The Fenn-Gib Gold Project has the potential to evolve into a significant player in Canada’s gold production landscape. The project is anticipated to require an initial development capital of C$450 million based on the Pre-Feasibility Study (PFS), which suggests a payback period of around 2.7 years and a projected cumulative free cash flow of $896 million over the first six years of production, assuming a gold price of US$3,100 per ounce.

The timeline is ambitious yet achievable, with the company projecting the start of construction in 2028 and aiming for initial production by 2030. To ensure that everything goes to plan, Mayfair is currently pushing forward with detailed engineering studies alongside its permitting activities.

The Path Ahead

As the company navigates this intricate regulatory landscape, Mayfair Gold is steadfast in its commitment to responsible development. The NPS submission allows for a comprehensive examination of both technical and environmental factors necessary for successful project execution. The company recognizes these factors as instrumental in de-risking the project, which not only bolsters the foundation for future construction and operational approvals but also engages various stakeholders throughout the process.

Campbell emphasizes the importance of the NPS, stating, "Submitting the Notice of Project Status is an important step in advancing Fenn-Gib toward development. It provides a clear statement of our intent to advance the Project in a timely manner and reinforces our commitment to responsible project planning, transparent engagement and alignment with Ontario's modernized mine permitting process."

This marked milestone in the Fenn-Gib project's journey illustrates the company’s vision and operational strategy moving forward, as it works diligently to meet its objectives while adhering to the higher standards demanded by today’s mining projects.

Overall, Mayfair's submission of the Notice of Project Status not only highlights their strategic operational move but also fosters confidence among stakeholders and investors in their vision for a sustainable and profitable gold production future. With the continuing support of the community and regulators alike, Fenn-Gib Gold is poised to set a benchmark in responsible mining in Ontario.