- Successful completion of Phase 6 drill program
- Drill results from Main, Footwall, Deformation, and Contact Zones
- 2024 environmental field program underway
- Pre-feasibility study tradeoff studies underway
Mayfair’s president and CEO
Metallurgical tests conducted on a
The latest reported
Table 1 –
Hole | From | To | Interval | Gold | |
metres | metres | metres | grams/tonne | ||
FG23-336 | 376.0 | 396.0 | 20.0 | 0.95 | |
incl. | 376.0 | 377.0 | 1.0 | 4.02 | |
and | 379.5 | 381.0 | 1.5 | 2.66 | |
and | 384.0 | 385.0 | 1.0 | 2.62 | |
and | 395.0 | 396.0 | 1.0 | 2.59 | |
434.0 | 438.0 | 4.0 | 3.54 | ||
incl. | 434.0 | 436.9 | 2.9 | 4.50 | |
FG23-340 | 452.0 | 454.7 | 2.7 | 1.69 | |
505.0 | 506.7 | 1.7 | 2.37 | ||
533.8 | 538.0 | 4.2 | 2.32 | ||
incl. | 536.0 | 538.0 | 2.0 | 3.32 | |
FG23-341 | 368.0 | 369.0 | 1.0 | 21.94 | |
429.6 | 442.0 | 12.4 | 1.67 | ||
incl. | 429.6 | 430.1 | 0.5 | 6.09 | |
and | 437.0 | 440.0 | 3.0 | 3.12 | |
472.8 | 473.8 | 1.0 | 5.34 | ||
FG23-342 | 459.0 | 460.0 | 1.0 | 15.6 | |
511.5 | 512.5 | 1.0 | 4.56 | ||
614.0 | 617.0 | 3.0 | 1.01 | ||
661.0 | 676.5 | 15.5 | 1.13 | ||
incl. | 661.0 | 662.0 | 1.0 | 7.16 | |
and | 666.0 | 669.0 | 3.0 | 1.67 | |
and | 673.5 | 676.5 | 3.0 | 1.61 | |
FG23-349 | 364.0 | 365.0 | 1.0 | 2.00 | |
416.0 | 421.0 | 5.0 | 1.43 | ||
416.0 | 471.8 | 55.8 | 0.68 | ||
incl. | 454.3 | 456.0 | 2.5 | 2.26 | |
and | 458.9 | 464.0 | 5.1 | 2.14 | |
incl. | 460.0 | 461.0 | 1.0 | 4.80 | |
and | 469.9 | 471.8 | 1.9 | 1.24 | |
530.2 | 531.0 | 0.8 | 4.95 | ||
FG23-355 | 350.0 | 357.0 | 7.0 | 0.8 | |
incl. | 352.0 | 354.0 | 2.0 | 1.4 | |
602.5 | 610.5 | 8.0 | 1.65 | ||
incl. | 606.5 | 610.5 | 4.0 | 2.45 | |
incl. | 606.5 | 607.5 | 1.0 | 5.73 | |
622.0 | 623.0 | 1.0 | 2.85 | ||
637.0 | 638.0 | 1.0 | 2.11 | ||
FG23-357 | 174.5 | 177.0 | 2.5 | 1.89 | |
280.7 | 281.2 | 0.5 | 1.53 | ||
328.0 | 329.0 | 1.0 | 1.75 | ||
405.0 | 406.0 | 1.0 | 1.88 | ||
423.5 | 440.5 | 17.0 | 1.19 | ||
incl. | 428.4 | 430.4 | 2.0 | 3.33 | |
and | 434.4 | 435.4 | 1.0 | 5.2 | |
451.5 | 453.0 | 1.5 | 1.79 | ||
534.0 | 535.0 | 1.0 | 1.15 | ||
FG23-375 | 474.0 | 475.0 | 1.0 | 1.42 | |
505.0 | 508.0 | 3.0 | 1.23 | ||
incl. | 507.0 | 508.0 | 1.0 | 2.19 | |
541.5 | 543.0 | 1.5 | 1.00 | ||
578.0 | 579.8 | 1.8 | 1.16 | ||
619.0 | 630.0 | 11.0 | 0.87 | ||
incl. | 619.0 | 620.0 | 1.0 | 2.48 | |
and | 624.0 | 624.9 | 0.9 | 1.17 | |
and | 627.0 | 629.1 | 2.1 | 1.40 | |
858.0 | 859.5 | 1.5 | 1.42 | ||
887.0 | 888.0 | 1.0 | 1.39 | ||
FG23-381 | 505.4 | 509.1 | 3.7 | 1.36 | |
521.5 | 522.5 | 1.0 | 2.18 | ||
529.5 | 530.5 | 1.0 | 1.52 | ||
542.0 | 543.1 | 1.1 | 1.44 | ||
564.0 | 565.0 | 1.0 | 1.38 | ||
581.5 | 586.0 | 4.5 | 1.22 | ||
594.0 | 598.5 | 4.5 | 1.22 | ||
610.0 | 670.0 | 60.0 | 1.37 | ||
incl. | 614.5 | 616.9 | 2.4 | 3.08 | |
and | 640.0 | 646.0 | 6.0 | 2.11 | |
incl. | 642.4 | 644.2 | 1.8 | 3.58 | |
and | 650.0 | 670.0 | 20.0 | 1.88 | |
incl. | 653.1 | 655.9 | 2.8 | 3.00 | |
659.0 | 662.0 | 3.0 | 4.27 | ||
681.0 | 683.0 | 2.0 | 1.75 | ||
708.0 | 712.0 | 4.0 | 1.30 | ||
FG24-395 | 320.1 | 321.0 | 0.9 | 4.02 | |
383.0 | 389.0 | 6.0 | 3.13 | ||
incl. | 387.0 | 389.0 | 2.0 | 6.76 | |
FG24-401 | 465.6 | 482.0 | 16.4 | 1.02 | |
incl. | 466.6 | 468.5 | 1.9 | 2.11 | |
and | 472.5 | 473.5 | 1.0 | 3.03 | |
and | 480.3 | 481.1 | 0.8 | 2.98 | |
The results of these drill holes are summarized in Table 2 below and the drill hole details are listed in Table 3.
Table 2 – Multi-purpose reported drill hole result summary.
Hole | From | To | Interval | Gold | |
metres | metres | metres | grams/tonne | ||
FG23-360 | 17.9 | 416.0 | 398.1 | 1.13 | |
incl. | 176.0 | 181.0 | 5.0 | 3.62 | |
and | 199.2 | 212.0 | 12.8 | 8.27 | |
and | 273.2 | 303.4 | 30.2 | 1.98 | |
incl. | 293.1 | 299.6 | 6.5 | 3.32 | |
and | 360.0 | 383.0 | 23.0 | 1.59 | |
incl. | 377.0 | 380.0 | 3.0 | 6.93 | |
and | 398.5 | 403.0 | 4.5 | 1.57 | |
and | 415.0 | 416.0 | 1.0 | 5.77 | |
508.7 | 635.0 | 126.3 | 1.07 | ||
incl. | 574.0 | 581.0 | 7.0 | 2.59 | |
and | 617.0 | 627.0 | 10.0 | 2.46 | |
incl. | 617.0 | 619.7 | 2.7 | 3.94 | |
646.9 | 653.0 | 6.1 | 0.90 | ||
662.5 | 875.0 | 212.5 | 0.47 | ||
incl. | 687.0 | 692.0 | 5.0 | 1.33 | |
and | 735.0 | 747.0 | 12.0 | 1.66 | |
and | 764.0 | 766.0 | 2.0 | 2.21 | |
and | 833.0 | 834.5 | 1.5 | 3.19 | |
and | 849.0 | 851.0 | 2.0 | 2.02 | |
and | 861.0 | 862.0 | 1.0 | 3.07 | |
FG23-364 | 5.0 | 286.5 | 281.5 | 0.75 | |
incl. | 15.9 | 25.7 | 9.8 | 1.30 | |
and | 149.8 | 205.0 | 55.2 | 1.40 | |
and | 216.0 | 224.0 | 8.0 | 2.89 | |
342.0 | 373.0 | 31.0 | 3.09 | ||
incl. | 342.0 | 344.0 | 2.0 | 39.33 | |
incl. | 343.0 | 344.0 | 1.0 | 74.97 | |
and | 352.0 | 355.5 | 3.5 | 1.70 | |
and | 369.2 | 373.0 | 3.8 | 1.81 | |
493.3 | 510.0 | 16.7 | 0.63 | ||
incl. | 507.0 | 509.0 | 2.0 | 2.16 | |
701.0 | 702.0 | 1.0 | 1.76 | ||
707.1 | 708.7 | 1.6 | 1.51 | ||
823.5 | 1000.2 | 176.7 | 0.41 | ||
incl. | 907.0 | 912.0 | 5.0 | 5.19 | |
incl. | 908.0 | 909.0 | 1.0 | 20.83 | |
FG23-369 | 5.6 | 298.8 | 293.2 | 0.52 | |
incl. | 15.0 | 21.0 | 6.0 | 1.14 | |
and | 74.0 | 80.0 | 6.0 | 1.85 | |
and | 128.0 | 132.1 | 4.1 | 3.31 | |
and | 149.0 | 152.0 | 3.0 | 1.78 | |
and | 286.0 | 287.0 | 1.0 | 3.17 | |
405.3 | 421.5 | 16.2 | 0.88 | ||
incl. | 420.0 | 421.5 | 1.5 | 6.23 | |
815.9 | 823.0 | 7.1 | 1.80 | ||
incl. | 821.0 | 823.0 | 2.0 | 4.76 | |
849.8 | 881.0 | 31.2 | 0.76 | ||
incl. | 867.0 | 872.0 | 5.0 | 1.55 | |
910.0 | 920.2 | 10.2 | 1.10 | ||
incl. | 915.0 | 920.2 | 5.2 | 1.80 | |
FG23-373 | 361.5 | 362.5 | 1.0 | 2.27 | |
431.7 | 432.8 | 1.1 | 2.55 | ||
490.3 | 605.7 | 115.4 | 0.46 | ||
incl. | 490.3 | 504.4 | 14.1 | 1.07 | |
and | 520.2 | 522.4 | 2.2 | 1.12 | |
and | 563.1 | 564.2 | 1.1 | 8.23 | |
831.8 | 868.0 | 36.2 | 0.93 | ||
incl. | 836.0 | 861.0 | 25.0 | 1.11 | |
incl. | 848.0 | 851.0 | 3.0 | 2.21 | |
and | 855.0 | 856.0 | 1.0 | 5.42 | |
and | 859.0 | 861.0 | 2.0 | 2.69 | |
876.5 | 976.5 | 100.0 | 0.42 | ||
incl. | 876.5 | 880.3 | 3.8 | 1.39 | |
and | 904.6 | 906.6 | 2.0 | 1.60 | |
and | 916.5 | 917.5 | 1.0 | 2.03 | |
FG23-376 | 114.9 | 127.7 | 12.8 | 1.10 | |
incl. | 114.9 | 116.1 | 1.2 | 4.34 | |
207.0 | 211.5 | 4.5 | 2.33 | ||
incl. | 210.0 | 211.5 | 1.5 | 4.99 | |
721.9 | 723.0 | 1.1 | 2.11 | ||
Table 3 –Reported drill hole information.
Hole | Collar Easting | Collar Northing | Collar Elevation | Depth | Collar Azimuth | Collar Dip |
mE | mN | masl | m | Deg. | Deg. | |
FG23-336 | 558375 | 5375783 | 5316 | 636.0 | 128 | -52 |
FG23-340 | 558374 | 5375783 | 5316 | 678.0 | 128 | -72 |
FG23-341 | 558354 | 5375769 | 5319 | 523.4 | 128 | -58 |
FG23-342 | 558160 | 5375673 | 5322 | 968.0 | 128 | -70 |
FG23-349 | 558109 | 5375614 | 5318 | 648.0 | 128 | -45 |
FG23-355 | 558115 | 5375637 | 5319 | 1014.0 | 128 | -67 |
FG23-357 | 558276 | 5375730 | 5323 | 612.3 | 128 | -48 |
FG23-360 | 558391 | 5375405 | 5315 | 1039.0 | 135 | -65 |
FG23-364 | 558391 | 5375405 | 5315 | 1258.0 | 135 | -71 |
FG23-369 | 558391 | 5375404 | 5315 | 920.2 | 155 | -77 |
FG23-373 | 558705 | 5375595 | 5313 | 1059.0 | 177 | -65 |
FG23-375 | 558201 | 5375696 | 5324 | 891.0 | 128 | -61 |
FG23-376 | 558705 | 5375595 | 5313 | 1440.0 | 177 | -75 |
FG23-381 | 558159 | 5375638 | 5320 | 897.3 | 128 | -63 |
FG24-395 | 558404 | 5375860 | 5313 | 633.0 | 125 | -45 |
FG24-401 | 558404 | 5375860 | 5313 | 624 | 126 | -60 |
Plan and section maps of the above reported drill holes are available at https://mayfairgold.ca/fenn-gib/#drillplanmap§ions.
Mayfair is also pleased to announce that both the 2024 environmental field program and pre-feasibility study are progressing. Drilling of the first of 12 monitoring wells is underway in support of the groundwater hydrogeology studies and engineering tradeoff studies have commenced.
Further results from the Phase 6 drill program will be reported as they become available.
QA/QC Controls
About Mayfair
ON BEHALF OF THE BOARD OF DIRECTORS
For further information contact:
Phone: (480) 747-3032
Email: patrick@mayfairgold.ca
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
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, including: the requisitioned annual general and special meeting (“Meeting”), the business to be conducted at the Meeting, anticipated mineral grades and quantities and the Fenn-Gib deposit delivering gold recoveries of up to 94%. 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 actions of third-parties, including
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
Source:
2024 GlobeNewswire, Inc., source