Mayfair Gold Corp., an advanced-stage exploration company, reported the successful completion of the 80,000-m Phase 1/2 infill and expansion drill program at the Company’s wholly-controlled Fenn-Gib Project, situated in the Timmins region of Northeast Ontario.
At present, Fenn-Gib hosts a NI 43-101 Indicated Resource of around 2.08 M ounces with distributed gold mineralization striking east–west on the Pipestone Fault for more than 1.25 km and up to 300 m wide at the west end.
The drill programs performed have delineated extra gold mineralization at Fenn-Gib which will aid a scheduled resource update in the current quarter.
Since acquiring Fenn-Gib eighteen months ago, we have drilled approx. 80,700m in 124 holes. The program has been completed safely, which is a reflection of the experience of our project team.
Patrick Evans, President and CEO, Mayfair Gold Corp.
Evans added, “The Phase 1/2 drill programs were designed to fully delineated gold mineralization at Fenn-Gib, and most of the drilling has focused outside the current pit-constrained resource. Gold mineralization continues to be encountered in every hole drilled and sampled to date.”
Mr. Evans continued, “While we intend to complete the previously announced resource update this quarter, it is clear that mineralization at Fenn-Gib remains open in most directions.”
“Before commencing engineering studies, it is imperative that we fully delineate the resource potential at Fenn-Gib. Accordingly, we have now commenced a fully funded 30,000 m Phase 3 infill and expansion drill program to take our full program to 110,000 m,” concluded Evans.
Furthermore, Mayfair Gold declared that regional exploration drilling is ongoing on the Fenn-Gib North Block and is presently concentrated on the Horseshoe zones after the closing of drilling at the Talisman gold occurrence.
So far, nearly. 6,400 m has been finished in 19 holes as part of the scheduled 7,000 m North Block drill program. While assay outcomes are expected, planning is in progress for an extended North Block regional exploration program.
Arrangements are ongoing for line cutting and ground geophysics throughout all of the North Block that remains undiscovered.