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. announced that its Fenn-Gib Project is now Canada’s first carbon neutral gold project after purchasing carbon offsets for 2021 GHG emissions. The project, located in Northeast Ontario, holds a NI43-101 Indicated Resource of 2.08 million ounces. The company has completed 75,300 meters of its 80,000-meter drilling program and is on track to report a resource update in Q3 2022. Successful metallurgical tests indicate robust gold recoveries of 84.3% via whole ore cyanidation and 94% via flotation.
Mayfair Gold Corp. announced progress in its Fenn-Gib expansion drill program, completing approximately 71,500 meters of a planned 80,000 meters. The ongoing exploration has identified new mineralization, enhancing the Indicated Resource to 2.08 million ounces. Significant drill results include grades up to 2.06 grams/tonne over 24.3 meters. Regional exploration in the North and South Blocks has commenced, with a total of 7,000 meters planned for the North Block and 3,000 meters for the South Block. An updated mineral resource is anticipated in Q3 2022.
Mayfair Gold Corp. has reported significant progress in its exploration program at the Fenn-Gib Project in Northeast Ontario. Key achievements include:
- 2,000 meters of drilling completed at the Talisman Target.
- 84.4 kilometers of line-cutting on the South Block.
- 54.5 kilometers of Induced Polarization survey on the South Block.
- Drilling on the South Block is set to begin in late April.
The Fenn-Gib Project contains an Indicated Resource of 2.08 million gold ounces, confirming the area's significant mineral potential.
Mayfair Gold Corp. reports positive results from its 2022 metallurgical gold recovery test on the Fenn-Gib deposit. The direct whole ore cyanidation yields an average recovery of 84.3%, with specific samples achieving up to 94.2% recovery rates. Additionally, flotation tests show recovery rates of approximately 94%. Ausenco is managing the tests, supporting a planned preliminary economic assessment (PEA) expected by Q4 2022. The deposit holds an indicated resource of 2.08 million ounces of gold, enhancing project economics and reducing potential costs significantly.
Mayfair Gold Corp. has commenced a regional drill program focused on its Fenn-Gib deposit, which currently has an Indicated Resource of 2.08M ounces of gold. Recent results highlight significant gold mineralization, with notable drill intersections including 2.82 g/t Au over 22.9m and 31.28 g/t Au over 1.5m in previous drill holes. The Talisman and Horseshoe Zones are also undergoing exploration, with preparations for a 3,000m drill program set to begin in Q3 2022. This expansion and step-out drilling aim to increase the current resource base.
Mayfair Gold Corp. (MFGCF) granted 1,855,000 incentive stock options to its directors, officers, and employees under its long-term incentive plan. These options have an exercise price of $0.90 and are valid for a ten-year term until January 6, 2032. Mayfair, a Canadian mineral exploration company, focuses on the Fenn-Gib gold project in Northern Ontario, which has a total indicated resource of 2.08 million ounces of gold. The project remains open for further exploration, showing potential for resource expansion.
Mayfair Gold Corp. (MFGCF) reviews its first operational year at the Fenn-Gib gold project in Ontario. The project holds an Indicated Resource of 2.08M ounces and aims to exceed 3M ounces through an 80,000-meter drill program planned for 2022. The company has completed 54,741 meters of drilling and expects to finish the program by Q2 2022, followed by a resource update in Q3 2022. Additionally, a preliminary economic assessment is scheduled for Q4 2022. Mayfair's funding is secured, including a recent $4.64M financing.
Mayfair Gold Corp. has successfully closed a private placement financing, raising $4,640,000 through the issuance of 4,000,000 flow-through shares priced at $1.16 each. This price is a 25% premium over the company's prior closing price. The funds will be directed towards the exploration of the Fenn-Gib gold project in Ontario, which has an Indicated Resource of 2.08M ounces of gold. The funds will be spent on Canadian Exploration Expenses, with tax benefits to investors. The shares are subject to a four-month hold period.
Mayfair Gold Corp. reports ongoing success at its Fenn-Gib Expansion Zone with significant drill results supporting a pit-constrained Indicated Resource of 2.08 million ounces of gold. The current drilling program, part of an 80,000m initiative, has seen 50,145m completed across 78 holes, with notable intervals intersecting gold mineralization in every hole. Future plans include expanding drilling efforts with a 30,000m Phase 2 program aimed at increasing the resource to over 3 million ounces and regional exploration in early January 2022.
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