Resource infill and expansion drilling is being supported by four drill rigs and 39 holes have been completed to date for a total of 27,879m.
Numerous historic drill holes in the upper portion of the Fenn-Gib deposit did not drill through the entire mineralized stratigraphy, with some holes ending in mineralization.
The exceptional high-grade intercept of 63.59 g/t Au over 5.0m from hole FG21-165, including 200.89 g/t Au over 1.5m, is also from below the shallow central section of the current conceptual open pit.
Mayfair’s drill program includes descriptive logging and sampling of the drill core for analysis at Mayfair’s secure facility located in Matheson, Ontario.
An updated open-pit constrained NI 43-101 resource estimate reported a total Indicated Resource of 70.2M tonnes containing 2.08M ounces at a grade of 0.921 g/t Au and an Inferred Resource of 3.8M tonnes containing 75,000 ounces at a grade of 0.618 g/t Au.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements.
New factors emerge from time to time, and it is not possible for Mayfair to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.