Mayfair Gold expands resources at Fenn-Gib deposit in Ontario. miningnews
Mayfair Gold has released an updated mineral resource estimate for its Fenn-Gib project located in the Timmins region of Northeast Ontario. The new resource is based on assay results from 61% of the company’s current 110,000-metre infill and expansion drill program.
“Within 18 months of acquiring Fenn-Gib, Mayfair has increased the indicated resource size by 47%. The Fenn-Gib mineralization remains open for expansion in most directions, and we are excited about the near-term potential to further increase the resources with the ongoing drill program supported by three drill rigs,” Mayfair CEO Patrick Evans said in a press release.
The 30,000-metre Phase 3 drilling is currently underway, with gold mineralization continuing to be intersected in all holes reported to date. Based on the continuing success, Mayfair expects to declare a further resource update in Q2 2023 upon completion of the 110,000-metre drill program.
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