- Including 26.0m at 1.56 g/t Gold
- Mineralization outside current pit-constrained Indicated 2.08M ounce Resource
- Four drill rigs active at Fenn-Gib North Block
- 37,971 completed in 55 holes
- Preparations underway for South Block Exploration Program
Mayfair Gold President and CEO
Numerous historic drill holes in the upper Fenn-Gib deposit did not drill through the entire mineralized stratigraphy, with some holes ending in mineralization. The infill and expansion drill program within and below the current conceptual open pit is designed to identify additional mineralization in support of our target to grow the Fenn-Gib deposit to more than 3 million ounces.
Drill Results
- FG21-151 intersected 0.82 g/t Au over 181.7m, including 1.50 g/t Au over 32.5m;
- FG21-154 intersected 0.71 g/t Au over 135.5m including 1.43 g/t over 33.0m;
- FG21-157 intersected 0.70 g/t Au over 167.8m including 3.02 g/t Au over 10.0m; and
- FG21-163 intersected 0.92 g/t Au over 226.0m including 1.56 g/t over 26.0m.
The latest drill results continue to intersect significant gold mineralization building on the previously reported
The latest drill results from the central
Table 1 - Fenn-Gib 2021 Expansion Zone Drill Results Summary
DDH | FROM (m) | TO (m) | INTERVAL (m) | Au (gpt) | |
FG21-151 | 254.3 | 436.0 | 181.7 | 0.82 | |
including | 274.5 | 411.0 | 136.5 | 1.00 | |
including | 290.3 | 322.8 | 32.5 | 1.50 | |
and | 370.8 | 390.0 | 19.2 | 2.66 | |
including | 370.8 | 377.0 | 6.2 | 6.14 | |
FG21-154 | 249.0 | 257.0 | 8.0 | 4.34 | |
350.5 | 486.0 | 135.5 | 0.71 | ||
including | 350.5 | 357.8 | 7.3 | 2.44 | |
and | 418.0 | 451.0 | 33.0 | 1.43 | |
FG21-157 | 375.0 | 542.8 | 167.8 | 0.70 | |
including | 396.7 | 406.7 | 10.0 | 3.02 | |
including | 399.3 | 405.3 | 6.0 | 4.59 | |
including | 404.3 | 405.3 | 1.0 | 14.91 | |
and | 441.4 | 480.0 | 38.6 | 0.86 | |
including | 472.0 | 479.0 | 7.0 | 1.66 | |
FG21-160 | 469.5 | 527.2 | 57.7 | 0.41 | |
FG21-163 | 385.0 | 611.0 | 226.0 | 0.92 | |
including | 396.0 | 422.0 | 26.0 | 1.56 | |
and | 450.0 | 561.9 | 111.9 | 1.17 | |
including | 503.5 | 509.7 | 6.2 | 5.2 | |
and | 537.0 | 541.0 | 4.0 | 3.31 |
Plan and section maps, including the above drill holes, can be found at https://mayfairgold.ca/fenn-gib/#drillplanmap§ions.
In addition to the 100%-controlled
Without road access, the South Block has seen only limited exploration dating back to the mid-1980s, when Homestake Mining conducted scout drilling across the area, intersecting gold in most of their drill holes. Mayfair’s recently completed high-resolution airborne MAG survey included coverage of the entire South Block. Based on the results of that survey, as well as past drilling, Mayfair is currently designing an exploration program for the South Block that will be managed separately from the 50,000m North Block drill program. Details of the South Block exploration program will be announced in the near future.
QA/QC Controls
Mayfair employs a QA/QC program consistent with NI 43-101 and industry best practices. Surface drilling was conducted by Major/Norex Drilling of
About Mayfair
Mayfair is a Canadian mineral exploration company focused on advancing the 100% owned Fenn-Gib gold project in the
For further information contact:
Email: patrick@mayfairgold.ca
Phone: (416) 670-5114
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. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be 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 impact and progression of the COVID-19 pandemic and other factors. Mayfair undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Mayfair to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Neither the
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