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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.