Mayfair Gold (NYSE American: MINE) adds Ontario properties near Fenn-Gib
Rhea-AI Filing Summary
Mayfair Gold Corp. has entered a definitive agreement to acquire Plato Gold’s interests in the Guibord (50%), Marriott (100%) and Holloway (100%) properties in Ontario for C$2.5 million in cash. The assets lie near the Fenn-Gib Gold Project and along the Porcupine-Destor Fault Zone.
The deal significantly expands Mayfair’s land package around Fenn-Gib, providing exploration targets within trucking distance of the proposed mine and critical land access for potential onsite infrastructure. Mayfair highlights a clear path to permitting and developing Fenn-Gib and views near-site exploration as a way to enhance project economics and production.
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Insights
Mayfair adds nearby gold ground for C$2.5M to support Fenn-Gib.
Mayfair Gold agreed to buy Plato Gold’s Guibord, Marriott and Holloway properties for C$2.5 million in cash. These properties sit along the Porcupine-Destor Fault Zone near the planned Fenn-Gib mine, giving the company additional exploration targets and permitting-related land access.
The Guibord property is contiguous to Fenn-Gib and provides key access for potential onsite infrastructure, while Marriott and Holloway are early-stage projects within trucking distance of the proposed operation. Historical drilling on all three properties has intersected both narrow high-grade and broader lower-grade gold mineralization, indicating exploration potential rather than defined resources.
Alongside this, Mayfair reiterates its Fenn-Gib pre-feasibility metrics, including initial development capital of C$450 million, a 2.7-year payback period and cumulative free cash flow of $896 million over the first six years at a US$3,100/oz gold price. Overall, the acquisition modestly strengthens the regional land position but does not, on its own, transform the project’s economics.
Key Figures
Key Terms
Porcupine-Destor Fault Zone technical
Pre-Feasibility Study financial
NI 43-101 regulatory
Timiskaming-style metasediments technical
diamond drill program technical
QPs regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File Number: 001-43060
Mayfair Gold Corp.
(Translation of registrant’s name into English)
489 McDougall Street
Matheson, Ontario P0K 1N0, Canada
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
☐ Form 20-F ⌧ Form 40-F
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The information contained in this Form 6-K and exhibits hereto shall be deemed filed with the US Securities and Exchange Commission ("SEC") solely for the purposes of incorporation by reference into and as part of the Registration Statement on Form F-3 (No. 001-43060) on file with and declared effective by the SEC.
SUBMITTED HEREWITH
Exhibit |
|
99.1 | Mayfair Gold Announces Acquisition of the Guibord, Marriott and Holloway Properties from Plato Gold |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: April 2, 2026
Mayfair Gold Corp.
By:
By:/s/ Darren Prins
Name:Darren Prins
Title: Interim Chief Financial Officer
Mayfair Gold Announces Acquisition of the
Guibord, Marriott and Holloway Properties from Plato Gold
VANCOUVER, British Columbia, April 2, 2026 – Mayfair Gold Corp. (“Mayfair”, “Mayfair Gold”, or the “Company”) (TSX-V: MFG; NSYE American: MINE) is pleased to announce that it has entered into a definitive agreement (the “Acquisition Agreement”) with Plato Gold Corp. (“Plato”) to acquire Plato’s interests in the Guibord, Marriott and Holloway properties (the “Properties”) for C$2.5 million in cash. The properties are in close proximity to Mayfair’s Fenn-Gib Gold project (“Fenn-Gib” or the “Project”) east of Timmins, Ontario. The transaction provides Mayfair with three exploration properties that overlay the regionally important Porcupine-Destor Fault Zone (“PDFZ”) and provides critical land adjacent to the Project to the southwest to support potential onsite infrastructure.
Mayfair has a clearly defined path to permit and advance a new mine into production at Fenn-Gib. Mayfair also sees substantial potential to enhance the project economics and production profile of Fenn-Gib through near site exploration. Exploration leverage gives Mayfair an additional lever to create value as the company derisks and advances Fenn-Gib.
Nick Campbell, CEO of Mayfair Gold commented, “We are excited to enter into this agreement with Plato to expand our land holdings near the Fenn-Gib Gold Project by more than 65%. All three properties are closely associated with the Porcupine-Destor Fault Zone, a significant regional structure within the Abitibi Greenstone belt that has produced more than 180 million ounces of gold historically and is believed to host over 300 million ounces of gold endowment. This transaction, as well as targets within our current land holdings provide Mayfair with new exploration leverage adjacent to and within hauling distance of the proposed Fenn-Gib mine. Furthermore, the Guibord property facilitates critical access for potential onsite infrastructure supporting our permitting process “
Strategic highlights
·The Guibord property (50%)
oHosts Plato’s Silver Fox Project
o<5km southeast of McEwen Mining’s Grey Fox project and Black Fox mine
oContiguous to Fenn-Gib concessions, 5km southwest of the deposit
o16 contiguous mining claims, two mining leases, covering 275 hectares
oHighway 572 access to site (western boundary)
oProvides key land access to support Fenn-Gib permitting
The Guibord property is along strike from McEwen Mining’s Grey Fox project and Black Fox Mine along the PDFZ. The historic drilling in 1964 was focused on the contact between the Porcupine-Destor metasediments and the ultramafics of the Stoughton-Roquemaure Assemblage, targeting a series of potentially gold bearing alteration zones. Historic drilling in the 1960’s tested several areas which returned narrow intervals of high-grade gold mineralization (13.7 g/t gold over 1.22 metres and 47.01 g/t gold over 0.91 metres) and several broad zones of lower-grade gold mineralization (0.59 g/t gold over 30.5 metres and 0.66 g/t gold over 23 metres.
·The Marriott Property (100%)
oLocated 15km east of the shuttered Holt and Holloway Gold Mines
oLocated ~55km east of the Fenn-Gib Gold Project
o142 contiguous mining claims, covering 2,728 hectares
oHighway 101 access to site
oEarly-stage exploration project within trucking distance of Fenn Gib
The Marriott property is underlain by a series of basalt flows, breccias and hyaloclastites belonging to the Kinojevis Assemblage with occasional interflow graphitic sediments occurring between the basalt flows. Gold mineralization at the Holloway mine was closely associated with a geological contact and the PDFZ located between the Kinojevis Assemblage and the Stoughton-Roquemaure Assemblage and associated structures. An 11-hole 2,858-metre diamond drill program was completed by Plato in 2005. Three of the holes intercepted gold mineralization of more than 1.0 g/t gold.
·The Holloway Property (100%)
oLocated 3km east-northeast and east of the Holt and Holloway Mines, respectively
oLocated ~43km east of the Fenn-Gib Gold Project
o10 contiguous mining claims covered by a mining lease, covering 156 hectares
oHighway 101 access to site
oEarly-stage exploration project within trucking distance of Fenn Gib
The Holloway property is primarily underlain by Kinojevis Assemblage iron and magnesium rich tholeiitic basalts with the northern margin of the property underlain by Timiskaming-style metasediments bounded by the PDFZ. Historical drilling in 1987 intersected narrow zones of high-grade mineralization reported at 52-64 g/t gold over 0.3 - 0.8 metre intervals. The potential for extensions of the Holloway mine mineralization may exist at a depth of 1,000 – 1,200 metres within the property.
Terms of the Purchase Agreement for the Marriott, Holloway and Guibord properties
Mayfair has entered into an asset purchase agreement with Plato for its 100% interest in the Marriott properties, its 100% interest in the Holloway properties and its 50% interest in the Guibord properties for total consideration of C$2.5 million in cash.
The transactions contemplated by the Acquisition Agreement are subject to customary conditions precedent, including ministerial consent with respect to the transfer of certain mining leases.
On closing, the cash consideration will be paid into escrow and held by an escrow agent. 50% of the funds will be released from escrow to Plato upon the transfer of the Marriott Property, 25% will be released from escrow on the transfer of the Holloway Property and the final 25% will be released from escrow on the transfer of the Guibord Property.
About Mayfair Gold
Mayfair Gold is a Canadian gold development stage company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. The Project’s PFS outlines the potential to develop Fenn-Gib into a new Canadian gold producer for initial development capital of C$450 million, with a base case payback period of 2.7 years and cumulative free cash flow of $896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. See the Company’s news release dated January 8, 2026, titled “Mayfair Delivers Robust Pre-Feasibility Study for the Fenn-Gib Gold Project” for further information.
The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Operating Officer of Mayfair, a QP as defined in NI 43-101.
This news release references mining projects which are nearby Fenn-Gib and the Properties to be acquired by the Company. Readers are cautioned that mineralization on nearby properties is not necessarily indicative of mineralization on the Fenn-Gib or the Properties.
Cautionary Note Regarding Forward-Looking Information
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking Information”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking information. Although Mayfair Gold believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based these forward-looking statements and information on the Company’s current expectations and assumptions about future events including assumptions regarding final listing mechanics. This information also involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in the annual information form of the Company for the year ended December 31, 2024, available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Mayfair does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.
Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please visit www.mayfairgold.ca or direct enquiries to:
Nicholas Campbell
CEO
Mayfair Gold Corp.
489 McDougall St
Matheson, ON P0K 1N0 Canada
+1 (855) 350-5600
info@mayfairgold.ca