#Canada #Toronto #mining #Mayfair Gold #Fenn-Gib

Mayfair Gold's Progress at Fenn-Gib Exploration Site

Mayfair Gold Corp., a prominent Canadian mining company, is excited to announce substantial advancements made during its summer exploration program at the Fenn-Gib site in Northern Ontario. The company has focused on elevating its geological comprehension and preparing for operational readiness across its property.

In the summer of 2026, Mayfair undertook an extensive exploration initiative, particularly honing in on the North and South blocks surrounding the Fenn-Gib deposit. Notably, over 95% of identified outcrops were thoroughly reviewed, mapped, and sampled. This enabled significant data collection, aiding integrating geological insights and paving the way for future drilling activities.

Key Highlights from the Summer Program

The highlights from this season's work include the following:

• - The South Block targets have been advanced, making them ready for drilling.
• - A total of 127 grab samples were collected across the North and South blocks, intended for gold assay and multi-element geochemical analysis.
• - The team completed 23 condemnation drill holes, totaling approximately 6,184 meters, confirming suitable sites for key infrastructure on the property.

Adree DeLazzer, Vice President of Exploration, stated, “This season’s efforts significantly reinforced our geological grasp of both blocks and pushed priority targets in the South Block closer towards our drilling schedule set for early 2027. By integrating several aspects of our geological mapping and sampling, we can sharpen our focus for the next phase of exploration.”

Geological Mapping and Sample Collection

The exploration team's systematic geological mapping, prospecting, sampling, and historical data compilation accounted for the extensive coverage of the property. The 127 samples collected were selectively chosen for their ability to provide insights into gold and other elements substantive to the project's data pool.

Merging this new data with historic records aims to establish a comprehensive understanding of the geological landscape of Fenn-Gib. Furthermore, a structural targeting program has pinpointed promising areas for additional evaluation.

Success of the Condemnation Drilling Program

The recent condemnation drilling program marked a successful step for Mayfair, as they confirmed the viability of sites for essential project infrastructure. Notably, several boreholes yielded interesting gold assays, contributing to a promising outlook for continued operations. Selected assays yielded noteworthy results, including:

• - FGN26-031: 1.28 g/t Au over a segment, indicating promising potential.
• - FGN26-038: A spike of 3.50 g/t Au, reflecting substantial mineralization interest.

This strategic initiative aims to ensure that the forthcoming infrastructure remains aligned with the projected site layout, thus minimizing alterations to the operational plan.

Looking Toward Future Exploration

Mayfair is gearing up for its fall and winter exploration plans while continuing to enrich its geological and multi-element model. The integration of over 900 inductively coupled plasma mass spectrometry (ICP-MS) assays highlights the company's commitment to developing a detailed understanding of this significant deposit.

The 2026 Pre-Feasibility Study outlines a favorable economic outlook, suggesting the potential for developing a new Canadian gold producer at Fenn-Gib. The expected path forward will include in-depth stakeholder engagement, detailed engineering, and permitting activities, positioning Mayfair Gold well for initial construction aimed for 2028 and production set for 2030.

The evening's conclusion emphasizes the robust positive trajectory Mayfair Gold is embarking upon at Fenn-Gib, with the company poised for continued exploration and mining development. There is excitement around the possibilities of the North and South blocks and their capabilities of contributing to the company’s overarching goals for growth and production as they navigate the complexities of the mining industry.