Mayfair Gold provides update, announces Magnetic Survey at the Fenn-Gib Project bear Timmins

Mayfair Gold Corp. is providing an update on its fully funded 2021 ongoing gold exploration program on its 100% owned Fenn-Gib Project located 80 kilometers east of Timmins.

2021 Drill Program

Following acquisition of Fenn-Gib on December 31, 2020, Mayfair commenced a planned 50,000-meter drill program on January 19, 2021, initially with one drill rig. Since then, two additional drill rigs have been mobilized and eight drill holes have been completed for approx. 6,600m. The drill program includes both step-out and infill drilling at 25m to 50m centers and is designed to expand the gold mineralized zones beyond the current resource.

Mayfair Gold President and CEO, Patrick Evans, commented: “Our 2021 drill program has got off to a strong start. Drilling started within three weeks of acquiring Fenn-Gib and has ramped up rapidly. Additional drill rigs will be added in the months ahead to accelerate our program. Numerous assay results are pending and will be reported when received and compiled.”

The Fenn-Gib gold deposit is Mayfair’s flagship asset. An updated open-pit constrained NI 43-101 resource estimate (February 5, 2021) reported a total Indicated Resource of 70.2M tonnes containing 2.08M ounces at a grade of 0.921 g/t Au and an Inferred Resource of 3.8M tonnes containing 75,000 ounces at a grade of 0.618 g/t Au. The deposit has a strike length of approx. 1.25km, with widths ranging up to 300m. The gold mineralized zones remain open at depth and along strike to the east and west.

Limited previous drilling by Lake Shore Gold in 2011 and 2012 identified gold mineralization within the footwall mafic volcanics located 200 to 300m north of the Fenn-Gib deposit. Mineralized intervals included 3.54 g/t Au over 10.0m from hole FG-11-04, 3.93 g/t Au over 53.0m from hole FG-11-05, 4.03 g/t Au over 3.0m from hole FG-11- 07, and 4.50 g/t Au over 5.7m and 2.81 g/t Au over 16.8m from hole FG-11-08. Mayfair is following up with further drilling to determine the extent of the high-interest footwall gold mineralization.

Regional Exploration Program

The Fenn-Gib Project comprises two separate, 100% owned claim blocks—the North and South blocks—with a combined area of 47.27 square kilometers (km2). The North Block (32.55 km2) hosts approximately 6.3 km in strike length of the regional Pipestone Fault, where Mayfair’s Fenn-Gib deposit is located. The South Block (14.72 km2) hosts approximately 6.2 km in strike length of the regional gold-bearing Destor-Porcupine Fault. This fault and its splays host McEwan Mining’s producing Black Fox gold mine, located approximately 7 kms to the north-west of the South Block, and Moneta Porcupine’s multi-million-ounce gold resource at the Golden Highway Project, which shares a common property boundary to the east of the South Block. There is currently no road access to the South Block and it remains largely unexplored.

Mayfair’s systematic regional exploration program has commenced with a 1,751-line kilometre heli-borne high-resolution triaxial magnetic gradiometer geophysical survey at 75-metre spaced flight lines. The survey will cover both the North and South blocks, mapping the regional east-west magnetic fabric and capturing cross-cutting structures that can control gold mineralization. This will assist the overall regional geological interpretation and guide further exploration to specific new gold prospective target areas. The geophysical survey is being conducted by Scott Hogg and Associates Ltd. of Toronto, Ontario, and the results are expected in early May.

As part of the regional program, numerous historical gold occurrence targets will be further explored by Mayfair, including the G-101 Zone, explored between 1995 and 1996 and located approximately 1.6 km to the south-west of the Fenn-Gib deposit. This zone is located on an interpreted regional north-east trending cross fault and the best historical drill intersection was in hole C4-3, which returned 4.45 g/t Au over 13.2m (including 13.56 g/t Au over 2.77m).

About Mayfair

Mayfair is a Canadian mineral exploration company focused on the exploration of the 100% owned Fenn-Gib Gold Project. The Fenn-Gib Property consists of 21 fee simple patented properties, 144 unpatented mining claims, and 153 patented leasehold mining claims located in the Guibord, Munro, Michaud and McCool Townships in northeast Ontario, Canada.

Tags: Northern Ontario / Exploration / Gold / All Articles