Welcome to our dedicated page for Mayfair Gold news (Ticker: MFGCF), a resource for investors and traders seeking the latest updates and insights on Mayfair Gold stock.
Mayfair Gold Corp (MFGCF) generates a steady flow of news as it advances its 100%-owned Fenn-Gib gold project in the Timmins region of Northern Ontario. As a Canadian gold development and mineral exploration company, its updates often center on technical studies, resource estimates, financing activities, and project milestones related to Fenn-Gib.
Readers following Mayfair Gold news can expect detailed coverage of NI 43-101 technical reports, including mineral resource estimate updates and the filing of formal technical reports for the Fenn-Gib project. The company also issues news on its Pre-Feasibility Study, outlining mine plans, production scenarios, capital cost estimates, and project economics for a proposed open-pit operation targeting near-surface high-grade mineralization.
News items frequently highlight project development progress, such as drilling programs to refine the geological model and starter pit design, geotechnical and hydrogeological investigations for the tailings storage facility, and steps in the Ontario Provincial permitting process. Corporate developments, including equity financings, share consolidations, listing applications, and management appointments, are also regular themes in Mayfair’s disclosures.
Because Mayfair Gold’s strategy is closely tied to the Fenn-Gib deposit, its news flow provides insight into how the company is working to derisk the project through technical work, environmental baseline studies, and stakeholder engagement, including agreements with nearby Indigenous communities. For investors and observers interested in gold development projects in the Timmins Gold District, this news page offers an organized view of Mayfair’s ongoing announcements and project updates.
Bookmark this page to access a chronological feed of Mayfair Gold press releases, from resource and reserve updates to financing transactions and conference participation, all connected to the company’s efforts to advance Fenn-Gib toward potential production.
Mayfair Gold Corp. has announced significant advancements in its Fenn-Gib drill program, completing approximately 96,000 meters of its planned 110,000-meter campaign. New assay results indicate strong gold mineralization, with notable drill intersections such as FG22-250 yielding 0.87 g/t Au over 311 meters. The company expects a resource update by the end of October 2022, incorporating all results up to July 31, 2022. A further update is slated for Q2 2023. The Fenn-Gib Project currently hosts a 2.08M ounce indicated resource.
Mayfair Gold Corp. has announced the completion of its maiden North Block regional exploration drill program at the Fenn-Gib Project in Northeast Ontario. The program involved 7,502 meters drilled across 22 holes at the Talisman and Horseshoe Targets. Prior to this, the North Block had limited exploration. An Indicated Resource of 2.08 million ounces of gold is reported, with further exploration planned for next winter. Assay results from this drilling are pending, and the program aims to define additional targets for a Phase 2 effort.
Mayfair Gold Corp. has reported significant progress in its Fenn-Gib expansion drill program, continuing to uncover gold mineralization outside the current pit-constrained 2.08 million ounce Indicated Resource. The Phase 3 drill program, fully funded at 30,000 meters, is ongoing with three rigs. An update on the NI 43-101 mineral resource is expected in the current quarter. Notable drill results include highs of 1.40 grams per tonne gold over 65.0 meters and 1.29 grams per tonne over 34.0 meters, illustrating the project's promising potential.
Mayfair Gold Corp. announced the successful completion of its 80,000-meter Phase 1/2 drill program at the Fenn-Gib Project, located in Northeast Ontario. The drill program supports an updated NI 43-101 indicated resource of 2.08 million ounces of gold, with additional mineralization identified. A new 30,000-meter Phase 3 program has commenced. The North Block regional drilling has completed approx. 6,400 meters, with further exploration planned. The resource update is expected in the current quarter, driven by ongoing successful drilling results.
Mayfair Gold Corp. (MFGCF) announced the successful closing of a private placement financing, raising $7,009,000 through the issuance of 4,300,000 flow-through common shares at $1.63 per share, a 36% premium over its June 8 closing price. The funds will support the exploration of the Fenn-Gib gold project in Ontario, which contains an Indicated Resource of 2.08M ounces of gold. The FT Shares are subject to a four-month hold period expiring November 1, 2022, and proceeds will qualify as Canadian Exploration Expenses, renounced effectively by December 31, 2022.
Mayfair Gold Corp. (MFGCF) announced the commencement of trading on the OTCQX Best Market as of June 30, 2022. This move aims to enhance visibility and accessibility for U.S. investors, complementing ongoing trading on the TSX.V. CEO Patrick Evans underscored the importance of U.S. participation in the company's success at the Fenn-Gib gold project. The company is nearing completion of an 80,000-meter drill program aimed at increasing the gold resource, which currently exceeds 2 million ounces. Recent metallurgical tests indicate robust gold recoveries of up to 94%.
Mayfair Gold Corp. reports significant developments at its Fenn-Gib Project in Ontario, where the Footwall Zone reveals a high-grade gold mineralization with resource potential. This zone, located north of the Fenn-Gib deposit, is defined over 200m and extends vertically to 500m, currently housing a 2.08M ounce resource. Recent drilling results confirmed multiple intersections of gold, including 25.93 g/t over 1.5m and 2.88 g/t over 49.0m. The company plans to complete infill and expansion drilling, with a resource update expected in Q3 2022.
Mayfair Gold Corp. (MFGCF) announced a strategic financing of $7,009,000 through the issuance of 4,300,000 flow-through shares at $1.63 each. This represents a 36% premium over the previous closing price. Proceeds will fund Canadian Exploration Expenses for the Fenn-Gib gold project, which has a significant resource estimate of 2.08 million ounces. The offering is expected to close by June 30, 2022, subject to TSX-V approval and customary conditions. Shares are subject to a four-month hold period.
Mayfair Gold Corp. has reported further success from the Fenn-Gib expansion drill program, increasing its indicated resource to 2.08M ounces of gold.
Approximately 76,600 meters of the planned 80,000-meter drill program have been completed, with positive results expected in Q3 2022.
Highlighted drill results include intersections of 1.21 g/t Au over 112.1 meters and 0.59 g/t Au over 158 meters. The company anticipates further growth in resource estimation and reports adherence to NI 43-101 standards.
Mayfair Gold Corp. has successfully completed its maiden drill program at the Fenn-Gib South Block, drilling 3,468 meters across 18 holes. Located in the Timmins region of Northeast Ontario, the South Block has significant potential due to its proximity to established gold mines. The 2021 high-resolution surveys set the foundation for the exploration program, which began in April 2022. Results from this Phase 1 program are pending, with a follow-up Phase 2 program planned for next winter based on the findings. The Fenn-Gib gold deposit includes an indicated resource of 2.08 million ounces.
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