Interim Fenn-Gib drilling lifts confidence at Mayfair Gold (MFGCD)
Rhea-AI Filing Summary
Mayfair Gold Corp. filed a Form 6-K highlighting initial results from its 2025 tight-spaced grade control drilling program at the Fenn-Gib Project in Northern Ontario. The program includes 56 vertical diamond drill holes totaling about 4,200 metres on a 10 m by 10 m spacing to a target depth of 75 metres within the Phase 1 starter pit, covering roughly one million tonnes of anticipated initial plant feed.
Interim data from 36 holes show average Grade Control intervals of 1.47 g/t gold over 2,355 metres versus 1.40 g/t in the block model, and for higher-grade intervals, 2.21 g/t over 1,358 metres versus 1.68 g/t over 1,788 metres in the model. Management and consultants say these preliminary results support confidence in the high-grade early years, potential positive grade reconciliation, and provide key inputs for project financing, while stressing that assays are pending, QA/QC is ongoing, and no changes are yet made to the mineral resource or mine plan. The filing also notes that trading on the NYSE American under the symbol “MINE” is expected to commence on January 27, 2026, at which time trading on the OTCQX is expected to cease.
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Insights
Interim drilling supports Fenn-Gib starter pit model but remains preliminary.
The interim grade control results from the Fenn-Gib starter pit show Grade Control averages modestly higher than the current block model, including 1.47 g/t gold versus 1.40 g/t across 2,355 metres. Higher-grade intervals similarly exceed model grades, suggesting potential positive grade reconciliation in early mine years.
Management and the mineral resource consultant emphasize that assays for remaining holes, QA/QC work, and full program integration are still in progress. They explicitly state that no conclusions are being drawn yet about changes to the overall mineral resource estimate or mine plan, and these results are not included in the 2026 Pre-Feasibility Study.
The mention that these data are helping advance project financing and that trading is expected to commence on the NYSE American under “MINE” as of