Key facts
| Company | Mayfair Gold (TSXV: MFG) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Fenn-Gib Gold Project
The study outlines Mayfair’s strategy to reduce execution risk and prioritizing high-margin material early in the mine plan, supported by a realistic and financeable initial capital outlay. This approach enables rapid value generation from Fenn-Gib while preserving long-term flexibility to deploy free cash flow toward regional growth opportunities or advancing secondary assets to diversify and expand production.
News releases25 on file
Mayfair Gold Provides Update on Fenn-Gib Gold Project
The Phase 6 resource drill program at the 100%-controlled Fenn-Gib gold project in the Timmins region of Northeast Ontario has been completed, extending the Footwall Zone strike to more than 1 kilometre, open to the northeast and southwest, with continuity confirmed to over 600 m depth. Reported intercepts include 60.0 m at 1.37 g/t Au in FG23-381, 398.1 m at 1.13 g/t Au in FG23-360, and 31.0 m at
CorporateMayfair Gold Announces the Appointment of Vice President Technical Services
Richard Klue has been appointed Vice President Technical Services of Mayfair Gold, bringing over 40 years of mining, minerals and metals experience, most recently as Vice President Engineering and Studies at Hudbay Minerals Inc. He will lead the team conducting the pre-feasibility study underway at the Fenn-Gib gold project in the Timmins region of Northern Ontario. Klue was granted 100,000 incent
ManagementMayfair Gold Commences 2024 Environmental Field Program at Fenn-Gib Gold Project
The 2024 environmental field program has started at the 100%-controlled Fenn-Gib gold project in the Timmins region of Ontario, in support of a potential environmental assessment, managed by Environmental Applications Group Inc. of Sudbury. Work includes groundwater hydrogeology studies with 12 monitoring wells, surface water sampling and hydrology monitoring, wetland evaluation and mapping, terre
Drill resultsMayfair Gold Initiates Pre-Feasibility Study for Fenn-Gib Gold Project
The Board has approved advancing the 100%-controlled Fenn-Gib gold project in the Timmins region of Ontario to the pre-feasibility study phase, with AGP Mining Consultants engaged as lead engineers of a multi-disciplinary group. Tradeoff studies to define optimal project parameters are expected to be completed in Q2 2024, after which guidance on completing the study will be provided. Director Sean
Study resultsMayfair Gold Achieves “A” Scoring from Digbee ESG
An overall ESG score of "A" was awarded to Mayfair Gold by independent assessment platform Digbee ESG in its third annual report, up from "BB" last year. The company's flagship Fenn-Gib gold project in the Timmins region of Northern Ontario hosts an NI 43-101 resource effective April 6, 2023 of 113.69M tonnes Indicated containing 3.38M ounces at 0.93 g/t Au and 5.72M tonnes Inferred containing 0.1
CorporateMayfair Gold Named to 2024 OTCQX Best 50 in the United States
Mayfair Gold Corp. (TSX-V: MFG; OTCQX: MFGCF) has been named to the 2024 OTCQX Best 50, a ranking of the top 50 U.S. and international companies traded on the OTCQX market based on an equal weighting of one-year total return and average daily dollar volume growth in 2023. The company is advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontario.
CorporateMayfair Gold Grants Incentive Stock Options
Incentive stock options for an aggregate of 1,905,000 common shares were granted to certain directors, officers, employees and advisors under Mayfair Gold's long-term incentive plan. The options carry an exercise price of $2.14 and are exercisable for a five-year term expiring November 14, 2028. Mayfair is advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontari
CorporateMayfair Gold Announces Closing of Private Placement Financings
A private placement of flow-through and non-flow-through common shares closed for aggregate gross proceeds of $12,047,000, comprising 2,040,000 charity flow-through shares at $2.94 and 2,881,000 non-flow-through shares at $2.10, subject to a four month hold period expiring March 3, 2024. Flow-through proceeds will fund Canadian Exploration Expenses, while share proceeds go to exploration and engin
FinancingMayfair Gold Increases Private Placement Financing
The non-brokered private placement of common shares has been increased from $5 million to $6.05 million, with 2,881,000 Shares to be issued at $2.10 per Share, alongside the concurrent 2,040,000 flow-through shares at $2.94 announced October 10, 2023, for aggregate gross proceeds of approximately $12.05 million. Proceeds will fund exploration and metallurgical and engineering studies at the Fenn-G
FinancingMayfair Gold Announces Private Placement Financings
Two non-brokered private placements totalling approximately $11 million have been arranged: 2,381,000 common shares at $2.10 for about $5 million, and 2,040,000 flow-through shares at $2.94 for about $6 million, the flow-through price a roughly 38% premium to the October 10, 2023 TSX.V close. Flow-through proceeds will fund Canadian Exploration Expenses, renounced effective no later than December
FinancingMayfair Gold Makes New Discovery at Fenn-Gib Gold Project
Drilling below the pit-constrained resource at the Fenn-Gib gold project in the Timmins region of Northeast Ontario has identified a new zone, the Contact Zone, with hole FG23-356 returning 1.16 g/t Au over 421.0m, including 1.69 g/t over 221.0m, 12.42 g/t over 10.0m and 76.12 g/t over 1.5m; hole FG23-350A returned 1.06 g/t Au over 124.0m. These are the first two of five planned deep holes, with a
Drill resultsMayfair Gold Files NI 43-101 Technical Report for Fenn-Gib Gold Deposit
An NI 43-101 technical report for the 100% controlled Fenn-Gib gold project in the Timmins region of Northeast Ontario has been filed, prepared by T. Maunula & Associates Consulting Inc., dated July 26, 2023, with an effective date of April 6, 2023. It supports the updated resource estimate released June 14, 2023: Indicated 113.69M tonnes containing 3.38M ounces at 0.93 g/t Au and Inferred 5.72M t
Study resultsMayfair Gold Completes Fenn-Gib Geotechnical and Hydrogeology Field Campaign
Geotechnical and hydrogeology field campaigns supporting a planned pre-feasibility study at the 100%-owned Fenn-Gib gold project in the Timmins region of Northeast Ontario have been completed, comprising 3,200m of oriented HQ drilling in seven holes, 5,800m of downhole televiewer surveys and conceptual open-pit hydraulic studies. Data analysis is underway with results expected this quarter, testin
Drill resultsMayfair Gold Closes Private Placement Financing
A private placement financing closed for proceeds of $3,025,750, with 1,729,000 common shares issued at $1.75 per share to two subscribers: director Douglas Cater (15,000 shares) and funds under the direction of Muddy Waters Capital, LLC (1,714,000 shares), which hold more than 10% of outstanding shares. The shares are subject to a four month hold period expiring October 9, 2023. Proceeds will fun
FinancingMayfair Gold Announces Closing of Flow-Through Financing and Arrangement of Common Share Financing
A private placement flow-through financing closed for proceeds of $6,001,600 through the issue of 2,420,000 flow-through common shares at $2.48 each, a 37% premium to the April 17, 2023 TSX.V close, with funds directed to exploration at the Fenn-Gib gold project in the Timmins region of Ontario. Mayfair Gold also arranged a non-brokered private placement of 1,729,000 common shares at $1.75 for gro
FinancingMayfair Gold Announces Private Placement Financing
A non-brokered private placement of up to 2,420,000 flow-through common shares at $2.48 per share has been arranged for gross proceeds of up to $6 million, a price representing an approximately 37% premium to the April 17, 2023 TSX.V close. Proceeds will fund exploration at the Fenn-Gib gold project in the Timmins region of Ontario as Canadian Exploration Expenses, renounced effective no later tha
Financing