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. (MFGCF) has announced an acceleration of its regional exploration program at the Fenn-Gib gold project in Northeast Ontario. Key developments include the completion of high-resolution airborne magnetic surveys and structural geological interpretations. The company plans to initiate a 7,000m drill program in January at the North Block, targeting areas with promising mineralization. Additionally, a 3,000m drill program is planned for the South Block in early 2022. The Fenn-Gib deposit currently hosts an Indicated Resource of 2.08 million ounces of gold.
Mayfair Gold Corp. announced an expansion of its drill program at the Fenn-Gib gold project in Ontario. The ongoing Phase 1 program has completed 49,700m of the targeted 50,000m across 78 holes, showing continued gold mineralization. A Phase 2 program will add 30,000m, utilizing three drill rigs, with completion expected by Q2 2022. Mayfair is also conducting metallurgical testing with results anticipated soon. The current resource estimate stands at 2.08M ounces of gold, with plans for an updated resource report by Q3 2022 and a preliminary economic assessment by Q4 2022.
Mayfair Gold Corp. has reported substantial drill results from the Footwall Zone of the Fenn-Gib gold project in Northeast Ontario. Key findings include 19.2m at 3.40 g/t gold within 66m at 1.42 g/t gold. This mineralization extends beyond the current 2.08M ounce resource. The company has completed 44,052m of drilling across 65 holes with four drill rigs actively working on the site. Metallurgical testing is also in progress to prepare for a Preliminary Economic Assessment, enhancing stakeholder confidence in the project's potential.
Mayfair Gold Corp. announced significant drill results from its Fenn-Gib project in Ontario, extending the current pit-constrained indicated resource of 2.08 million ounces. A total of 37,971 meters have been drilled across 55 holes as part of a 50,000-meter Phase 1 program. Highlights include FG21-163, which intersected 0.92 g/t Au over 226.0 meters, and FG21-151 with 0.82 g/t Au over 181.7 meters. The results indicate potential for upgrading the resource to over 3 million ounces, bolstering investor confidence.
Mayfair Gold Corp. (TSX-V: MFG; OTCQB: MFGCF) announced that its common shares started trading on the OTCQB Venture Market as of September 15, 2021. This move aims to broaden access for U.S. investors, enhancing the company's visibility in the largest equity market. Mayfair's flagship asset, the Fenn-Gib gold project, has over 2 million ounces of gold and a goal to increase this to over 3 million ounces by the end of 2021. The project has seen 34,600 meters of drilling in the past nine months.
Mayfair Gold Corp. (MFGCF) announces promising results from its Fenn-Gib step-out drill program, indicating mineralization outside the existing 2.15M ounce resource. Key findings include 143.7m at 1.02 g/t gold, featuring intervals of 52m at 1.71 g/t and 15m at 3.07 g/t. The exploration continues, with a target to increase the resource estimate to over 3 million ounces by year-end 2021. As of now, 34,600 meters have been drilled across 49 holes, demonstrating the potential for further resource growth.
Mayfair Gold Corp. has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. This development follows just five months post-IPO on the TSX Venture Exchange. Patrick Evans, President and CEO, emphasized the significance of this eligibility for expanding the company's global investor base. The DTC facilitates faster trading over various U.S. brokerage firms. Mayfair is focused on advancing the Fenn-Gib gold project, with a notable resource estimate indicating significant gold deposits.
Mayfair Gold Corp. has announced significant progress in its ongoing drill program at the Fenn-Gib project, with 39 holes completed totaling 27,879 meters as part of a fully-funded 50,000-meter Phase 1 drill initiative. Recent results include high-grade intercepts such as 192.3m at 1.28 g/t Au and a remarkable intercept of 63.59 g/t Au over 5.0m. The company aims to upgrade the resource estimate to over 3 million ounces by year-end 2021, enhancing investor confidence and demonstrating growth potential.
Mayfair Gold Corp. (MFGCF) announced plans for the Fenn-Gib project to become Canada's first carbon neutral gold project. Partnering with a sustainability advisor, Mayfair aims to record and offset carbon emissions during exploration. The project is set to leverage renewable energy sources, specifically Ontario's hydropower, to minimize greenhouse gas emissions significantly. The company anticipates a 20% lower total cost of ownership for battery electric vehicles compared to diesel, enhancing both environmental and commercial viability. The Fenn-Gib gold deposit has an Indicated Resource of 2.08M ounces.