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Mayfair Gold Reports Significant High-Grade Gold Intercepts at Fenn-Gib

Oct 26, 2021

Mayfair Gold Corp. has announced further drill results from the higher-grade Footwall Zone located between 100 and 200 meters (m) to the north of the Fenn-Gib deposit. The Fenn-Gib deposit, located in the Timmins region, hosts a pit-constrained Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers and up to 300m wide. The Footwall Zone mineralization is not included in the current Fenn-Gib resource and is a priority target in Mayfair’s Phase 1 50,000m drilling campaign. The infill and expansion drilling is being supported by four drill rigs with 44,052m completed to date in 65 holes.

Mayfair Gold President and CEO Patrick Evans commented: “The new drill holes at the Fenn-Gib Footwall Zone confirm the continuity of the significant high-grade gold mineralization immediately to the north of the deposit. This Footwall Zone mineralization outcrops at surface and continues to more than 500m below surface. It is very encouraging to see the gold mineralization present in multiple zones.”

The Footwall Zone target consists of multiple mineralized zones hosted primarily in the footwall mafic volcanic assemblage within the general east-west trending Pipestone Fault mineralized corridor. Mineralization consists of bleached, buff-altered (silica-albite-carbonate alteration) pillowed mafic volcanic with pyrite ranging from 2% to over 20%.

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