Fenn-Gib Project To Be Rapidly Advanced As New Gold Producer

VANCOUVER – Mayfair Gold Corp. reported on the Fenn-Gib Project 2025 Mineral Resource Drilling Program, Geotechnical Site Investigations for the tailing storage facility and a progress update on the Pre-Feasibility Study (PFS) work.
The Company’s upcoming PFS will be based on the recently updated NI 43-101 Mineral Resource Estimate (MRE) for the Fenn-Gib Project. The mine plan will prioritize near-surface high-grade zones within the open pit to maximize feed grade to the proposed on-site processing facility and optimize early-stage cash flow. The open pit operation is expected to incorporate conventional drill-and-blast methods, supported by a truck and shovel fleet.
By applying an elevated cut-off grade strategy focused on near-surface high-grade zones, the Company aims to enhance short-term project economics while preserving the integrity of the broader resource base.
Nick Campbell, CEO, said, “The Fenn-Gib deposit is unique in that the highest-grade material occurs near the surface which allows for the potential to start operations with a smaller, targeted mining operation focused on low strip ratio, high-grade gold mineralization. Rather than pursue a larger scale operation, the grade distribution at Fenn-Gib provides Mayfair the optionality to fast-track the extraction of high margin material while at the same time mitigating construction risk and initial capital requirements. It also has the benefit of allowing us to follow the well-defined Ontario Provincial permitting process.
Mayfair is encouraged by the opportunity to rapidly advance the Fenn-Gib Project as a potential new gold producer within the current cycle. The Pre-Feasibility Study remains on track for completion in Q4  2025. We believe a nimble, high-grade, and targeted operation offers a practical path toward a potential production decision within the next three years.”