MarketMindset
11時間前
Rick Rule Webinar Breakdown: Why Mayfair Gold (MFG) is a High-Upside Gold Play in Timmins, Fenn-Gib’s 4.3Moz Scale + Starter Mine Economics
Posted on behalf of Mayfair Gold Corp. - Rick Rule recently weighed in on Mayfair Gold (TSXV: MFG | NYSE: MINE), highlighting both the company’s leadership and its strategic positioning in Ontario’s Timmins district.
On the asset itself, Rule pointed to the strength of Fenn-Gib's scale. With 4.3Moz already in the Indicated category, he suggested that even the defined ~1Moz starter core, with the broader resource as upside, could be attractive in a consolidation scenario. In his view, deposits of that size in established camps often draw interest from neighboring operators.
At the same time, Rule underscored what he sees as Mayfair’s strategic leverage: the company is advancing engineering and feasibility work with the stated intention to build. That optionality, the ability to finance and construct rather than sell, strengthens its negotiating position.
Mayfair’s current plan reflects that posture.
The company is advancing a staged development strategy at its 100%-owned Fenn-Gib Gold Project, prioritizing a smaller, higher-grade starter operation. The January 2026 PFS focuses on 1.04Moz (approximately 24% of the broader 4.3Moz Indicated resource), bringing forward higher-grade, near-surface material to lower upfront capital and accelerate free cash flow.
PFS Highlights (January 2026):
• After-tax NPV(5%): $1.37B at US$4,450/oz gold
• IRR: 38%
• ~$1.43B in free cash flow in the first six years at spot pricing
The proposed operation remains below Ontario’s 5,000 tpd environmental threshold, streamlining permitting and reducing regulatory complexity.
With detailed engineering advancing alongside permitting and community engagement, Mayfair is targeting a construction decision in 2028.
Mayfair Gold is positioning itself from a place of strength, backed by scale, infrastructure advantages in Timmins, engineering progress, and a defined path toward production.
Discussion on Mayfair Occurs at the (9:30) Mark:
CA Market News
2週前
MAYFAIR GOLD CONTINUES TO BUILD PROJECT TEAM WITH ADDITION OF DIRECTOR OF PROJECTSMay 28, 2026 6:30 AM
PR Newswire (US) TORONTO, May 28, 2026 /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce the appointment of Ayaz Kassam as Director of Projects. Mr. Kassam is a professional engineer with nearly 20 years of experience in project management, most recently serving as Senior Project Manager with Canada Nickel Company. His experience is recognized for delivering technically complex, high-impact projects from feasibility through to commissioning using a range of project delivery models. Adept at guiding cross-functional teams, aligning diverse stakeholders, and driving operational excellence through every phase of project execution, he brings hands-on leadership to achieve project objectives. Mr. Kassam holds a Bachelor in Civil Engineering from Concordia University and a Masters Degree in Civil Engineering from the University of Washington.Drew Anwyll, P.Eng. and CEO of Mayfair Gold said: "We are excited to welcome Ayaz to Mayfair Gold as we continue to build the team that will advance the Fenn-Gib Gold Project toward development. Ayaz brings nearly two decades of project management and engineering experience, with a strong track record of leading complex mining and infrastructure initiatives through key stages of execution. His technical expertise, disciplined approach to delivery, and experience working on major Canadian resource projects will strengthen our project team as we move toward a construction decision and final investment decision as early as 2028".Ayaz Kassam, P.Eng. incoming Director of Projects stated: "I am pleased to join Mayfair Gold at an important stage in the advancement of the Fenn-Gib Project. As the Company moves forward with engineering, permitting and overall project readiness, disciplined execution and high-quality work will be essential to building a strong foundation for the upcoming development phase. I look forward to working with Mayfair's exceptional owner's team, together with the engineering and consulting groups supporting the project, during this critical pre-construction phase."About Mayfair Gold Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the "PFS")1 is to develop the project under the provincial permitting process, targeting the higher-grade 1 million ounce mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit. The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.Cautionary Note Regarding Forward-Looking InformationThis news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the expected strategy to develop the project under the provincial permitting process, targeting the higher-grade 1 million-ounce mineral reserve, building and operating the Fenn-Gib Project and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws.Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.______________________1 Please refer to the technical report entitled "Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study" dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details. View original content to download multimedia:https://www.prnewswire.com/news-releases/mayfair-gold-continues-to-build-project-team-with-addition-of-director-of-projects-302783547.htmlSOURCE Mayfair Gold Corp. Original: MAYFAIR GOLD CONTINUES TO BUILD PROJECT TEAM WITH ADDITION OF DIRECTOR OF PROJECTS
CA Market News
3週前
MAYFAIR GOLD ADVANCES DISTRICT-SCALE EXPLORATION STRATEGYMay 21, 2026 7:30 AM
PR Newswire (Canada) TORONTO, May 21, 2026 /CNW/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce that it is initiating a regional exploration program across its Timmins camp land package, following the acquisition of the Guibord, Marriott, and Holloway properties and the continued advancement of exploration at the South Block. These properties complement the Company's flagship Fenn-Gib Gold Project, which hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and was advanced toward development through a positive Pre-Feasibility Study (the "PFS") released in January 2026.1The consolidated land package is located along and adjacent to the Porcupine–Destor Fault Zone ("PDFZ"), one of the most prolific gold-bearing structural corridors in the Abitibi Greenstone Belt. This consolidation positions Mayfair to systematically evaluate a district-scale land package along a well-endowed segment of the corridor.Strategic HighlightsRegional exploration program initiated to test the high-conviction PDFZ, with the goal of enhancing mineral resource scale and growth opportunitiesPrevious drilling confirms structurally controlled gold mineralization, including high-grade intervals exceeding 5 g/t Au (see Figure 2)Pipeline of targets advancing toward Phase 1 drill testing via a staged approach to maximize capital efficiencyPrioritize higher-grade potential for processing at the planned Fenn-Gib operation to improve projected return on invested capital, as highlighted in the 2026 PFS___________________________1Please refer to the technical report entitled "Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study" dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details."Mayfair's regional land package provides the Company with a compelling district-scale exploration opportunity along the Porcupine-Destor Fault Zone," said Drew Anwyll, P.Eng and CEO of Mayfair Gold. "The Company's primary focus remains advancing Fenn-Gib towards production via the provincial permitting path. However, we are excited to relaunch exploration activities across the broader property portfolio as there is a tremendous opportunity to create value through mineral resource growth. With a measured approach to exploration, Mayfair intends to develop an exploration pipeline to highlight another avenue for growth and investment potential that complements what we expect to be the significant value creation of taking Fenn-Gib into production.""I joined Mayfair because of the strong exploration upside across its property portfolio and its highly prospective position along the Porcupine-Destor Fault Zone," said Adree DeLazzer, VP Exploration. "The South Block, in particular, displays compelling litho-structural characteristics within a largely underexplored segment of the fault zone. The combination of favourable stratigraphy, structural complexity, and localized high-grade gold mineralization underscores the broader exploration potential of the Mayfair land package and supports continued systematic target development across the property."Regional Exploration FocusMayfair's regional properties are located within a well-endowed segment of the PDFZ that hosts a range of gold deposit styles, including high-grade systems.These include the Black Fox Mine, a high-grade underground gold operation within the Timmins camp, as well as the past-producing Croesus Mine, historically recognized for high-grade gold mineralization, with reported historical production averaging approximately 95 g/t Au from quartz vein systems *(ODM Vol. LX, Part VIII, 1951) (see Figure 1).2Gold mineralization within the corridor is commonly associated with shear zones and quartz-carbonate vein systems developed along secondary splays and flexures of the deformation corridor, commonly at contacts between volcanic units and sedimentary rocks. Structural complexity, competency contrasts, and localized dilation zones are interpreted to be important controls on higher-grade mineralization within the district. The Company believes the consolidated land package provides exposure to multiple underexplored structural corridors prospective for both bulk-tonnage and high-grade gold mineralization._____________________________2 Ontario Department of Mines (ODM Vol. LX, Part VIII, 1951)Emerging Regional Exploration TargetsThe South Block comprises 1491 hectares and covers 6.4 kilometres of strike length along the PDFZ. The property is situated between McEwen Mining Inc.'s Fox Complex and STLLR Gold Inc.'s Tower Gold Project, both of which host multiple gold deposits along the PDFZ (see Figure 2).The South Block represents a structurally prospective and underexplored portion of Mayfair's land package, where favourable stratigraphy and structural complexity coincide with limited modern drilling. While portions of the North Block have been extensively drilled and form the basis of the current mineral resource estimate, exploration across the South Block remains at an early stage.Modern drilling on the South Block has comprised 27 diamond drill holes totaling approximately 5,700 metres targeting gold mineralization, excluding earlier kimberlite testing. The 2022 program tested two primary gold target areas, while the 2024 program advanced drilling across multiple structurally defined targets identified through integrated geophysical and geological interpretation.Recent drilling has confirmed the presence of structurally controlled gold mineralization across multiple targets, including repeated intervals exceeding 0.5 g/t Au and narrow higher-grade intervals exceeding 5 g/t Au, with the best reported assay of 12.7 g/t Au over 0.5 metres (see Appendix 1). Mineralization is associated with shear zones and quartz-carbonate veining developed along secondary structures, consistent with orogenic gold systems in the Timmins camp.In addition to the South Block, Mayfair continues to evaluate multiple regional exploration targets across the North Block and broader property package, including the Johns-Manville trend, American Eagle, G-101, and Central Syenite target areas. Historical exploration at American Eagle reportedly returned grab samples up to 42.0 g/t Au proximal to the Pipestone Fault, while drilling at the G-101 target reportedly returned intersections including 4.47 g/t Au over 13.2 metres, including 13.56 g/t Au over 2.77 metres. Historical drilling at the Central Syenite target also reportedly returned high-grade gold mineralization, including intervals up to 19.55 g/t Au over 1.7 metres associated with intrusive-related structural targets. At Guibord, historical drilling intersected 265 g/t Au over 0.50 metres in hole G09-01 associated with a syenite dyke and visible gold (see Plato Gold PR Dec. 22, 2009), while previous operators tested the North Zone returning an intersection of 8.22 g/t Au over 2.1 metres, including 13.7 g/t Au over 1.22 metres. These targets remain relatively underexplored and represent potential opportunities for additional gold discoveries beyond the existing Fenn-Gib resource area.Exploration StrategyMayfair is advancing a phased exploration program focused on a staged approach that maximizes capital efficiency.Integration of historical and modern datasetsRefinement of structural controls on mineralizationTarget generation across Mayfair's regional Timmins camp propertiesAdvancement of priority targets toward Phase 1 drill testingPrioritization of high-grade targets that may offer production advantages within the Fenn-Gib depositThis approach is designed to systematically evaluate the Company's expanded land position and prioritize high-quality exploration opportunities.Next StepsInitial work programs are underway and will include:Field mapping and validation of geological and geophysical targetsStructural interpretation and refinement of priority zonesSurface geochemical sampling in target areasPotential Induced Polarization or other geophysical surveysAdvancement of priority targets toward follow-up drillingMayfair expects exploration activities to continue throughout 2026 as the Company advances priority targets across its regional Timmins camp land package.About Mayfair GoldMayfair Gold is a Canadian gold company focused on advancing the Fenn-Gib Project in the Timmins region of Northern Ontario. The 2026 Pre-Feasibility Study (the "PFS") outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities and stakeholder engagement with the goal of starting construction in 2028 and initial production in 2030.The content of this news release has been reviewed on behalf of the Company and approved by Adree DeLazzer, P.Geo., VP Exploration of Mayfair, a QP as defined in NI 43-101. The Qualified Person has reviewed the available historical exploration data referenced in this release, including historical reports and assay information where available, and considers the information to be relevant as an indication of the exploration potential of the properties. The Company has not independently verified all historical exploration results referenced in this news release and readers are cautioned that such results should not be relied upon.Cautionary Note Regarding Forward-Looking Information This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively "forward-looking information"). The use of the words "will" and "expect" and similar expressions are intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the building and operating of the Fenn-Gib Project, the growth of the Company's exploration pipeline, the Company's broader land package presenting a compelling opportunity to evaluate additional targets along the Porcupine-Destor Fault Zone, the advancement of exploration programs focused on defining and prioritizing structurally controlled high-grade gold targets and all disclosure related to the PFS, including the expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information are reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based this forward-looking information on its current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking information, including the risks, uncertainties and other factors identified in the annual information form and form 40-F of the Company for the year ended December 31, 2025 available at on the Company's profile at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is made as of the date of this news release and except as required by applicable securities laws, Mayfair does not undertake any obligation to publicly update or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise.Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.For further information, please visit www.mayfairgold.ca or direct enquiries to:Drew Anwyll, P.Eng.
CEO, Mayfair Gold Corp.
489 McDougall St.
Matheson, ON P0K 1N0, Canada
+1 (855) 350-5600
info@mayfairgold.caAppendix One – 2024 South Block Exploration Diamond Drill ProgramTable 1: 2024 Diamond Drill Collar Parameters Hole IDUTM EastingUTM NorthingElev. (m)Azimuth (°)Dip (°)Hole Depth (m)FGS-24-0015623545368480314357-43259.3FGS-24-00256274653681203248-45189.0FGS-24-0035618495367998312155-45291.0FGS-24-00456186053677213200-44280.0FGS-24-005561852536742332246-39303.0FGS-24-006562111536725032731-36249.0FGS-24-0075613245367461316356-45186.0FGS-24-0085612475367385311339-44236.0FGS-24-009A5608655368311307231-43282.0FGS-24-010A559676536813630572-44234.0FGS-24-0115596745368133302160-45261.0FGS-24-0125595435368676305184-48276.0FGS-24-01356235453684643122-61375.0Table 2: 2024 Diamond Drill Hole ResultsHole IDFrom (m)To (m)Interval (m)Au (g/t)Composite / Included IntervalFGS-24-001170.0171.01.01.0815.0 m @ 0.82 g/t Au (170–185 m)FGS-24-001173.0174.01.00.81
FGS-24-001174.0175.01.01.06
FGS-24-001176.0177.01.01.42
FGS-24-001178.0179.01.00.54
FGS-24-001179.0180.01.01.34
FGS-24-001180.0181.01.01.23
FGS-24-001181.0182.01.00.73
FGS-24-001182.0183.21.20.86
FGS-24-001184.0185.01.01.37
FGS-24-003219.0220.01.00.68
FGS-24-003273.5275.01.50.88
FGS-24-003275.0275.90.90.57
FGS-24-003284.0285.01.00.52
FGS-24-004146.0147.71.70.50
FGS-24-004187.0188.01.00.59
FGS-24-004201.0202.01.00.54
FGS-24-004213.6214.10.512.730.5 m @ 12.73 g/t Au (213.6–214.1 m)FGS-24-00782.584.01.50.52
FGS-24-007113.0114.51.52.49
FGS-24-010A204.5206.01.52.44
FGS-24-013121.5123.01.50.669.9 m @ 1.36 g/t Au (121.5–131.4 m)FGS-24-013123.0124.51.50.77
FGS-24-013124.5126.01.50.51
FGS-24-013128.0129.01.00.73
FGS-24-013129.0130.01.00.55
FGS-24-013130.0130.60.61.20
FGS-24-013130.6131.40.87.14
FGS-24-013180.0180.50.50.72
FGS-24-013197.0197.50.55.503.0 m @ 1.53 g/t Au (197–200 m)FGS-24-013198.0199.01.00.52
FGS-24-013199.5200.00.51.49
FGS-24-013355.5357.01.51.16
View original content to download multimedia:https://www.prnewswire.com/news-releases/mayfair-gold-advances-district-scale-exploration-strategy-302778393.htmlSOURCE Mayfair Gold Corp. Original: MAYFAIR GOLD ADVANCES DISTRICT-SCALE EXPLORATION STRATEGY
CA Market News
4週前
MAYFAIR GOLD REPORTS Q1 2026 OPERATING AND FINANCIAL RESULTSMay 13, 2026 9:35 PM
PR Newswire (Canada) TORONTO, May 13, 2026 /CNW/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to report its operating and financial results for the quarter ended March 31, 2026. The full version of the financial statements and accompanying management's discussion and analysis can be viewed on the Company's website at www.mayfairgold.ca or under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. For a detailed update on project work completed during the quarter, refer to the news release issued April 27, 2026 "Mayfair Gold Provides Update on Project Work in the First Quarter of 2026 Advancing and Derisking the Fenn-Gib Gold Project". About Mayfair Gold Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. The 2026 Pre-Feasibility Study (the "PFS") outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030.The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.Cautionary Note Regarding Forward-Looking InformationThis news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, building and operating the Fenn-Gib Project and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws. Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. View original content to download multimedia:https://www.prnewswire.com/news-releases/mayfair-gold-reports-q1-2026-operating-and-financial-results-302771698.htmlSOURCE Mayfair Gold Corp. Original: MAYFAIR GOLD REPORTS Q1 2026 OPERATING AND FINANCIAL RESULTS
CA Market News
1月前
MAYFAIR GOLD ADDS VP EXPLORATION AND TECHNICAL LEADERSHIP DEPTHMay 13, 2026 4:00 AM
PR Newswire (US) TORONTO, May 13, 2026 /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce the appointment of Adree DeLazzer, P.Geo as Vice President, Exploration of the Company and Jean François Métail as Vice President Mineral Resource Management. Ms. DeLazzer is a professional geologist with 20 years of experience in mineral exploration and mine-site geology across Canada, including extensive work on gold systems in the Abitibi Greenstone Belt.Ms. DeLazzer most recently served as Vice President, Exploration at Northern Superior Resources Inc., where she led corporate exploration strategy across a large, district-scale land position and oversaw the advancement of a multi-asset portfolio within the Chibougamau Gold Camp. During her tenure, she oversaw multi-million-dollar exploration programs and was instrumental in advancing a camp-scale consolidation strategy, including the acquisition and integration of key properties. She contributed to technical reporting, strategic planning, and corporate development initiatives, supporting the company's growth and ultimate acquisition by IAMGOLD Corporation.Earlier in her career, Ms. DeLazzer held senior technical roles with Kirkland Lake Gold Ltd. and Detour Gold Corporation. She led exploration programs at the Detour Lake Mine, now the largest gold mine in Canada, supporting significant resource expansion and contributing as part of the 58N discovery team Ms. DeLazzer will lead exploration activities across Mayfair's expanded land package, including the advancement of the South Block and recently acquired Plato properties, which increased the Company's land position by more than 65%. Exploration will focus on defining and prioritizing structurally controlled gold targets along the Destor-Porcupine Deformation Zone and advancing near-mine opportunities to support the long-term growth of the Fenn-Gib Project.Drew Anwyll, P.Eng, CEO of Mayfair Gold, stated: "We are very pleased to welcome Adree to the Mayfair team. She brings a strong combination of technical expertise and practical experience in advancing large-scale gold systems in the Abitibi Greenstone belt. Her background in leading exploration programs, combined with her experience in camp-scale consolidation and strategic development, will be important as we continue to evaluate the broader potential of our land package. With the Fenn-Gib Project in the development stage, we are keen to grow our exploration pipeline for the future."Adree DeLazzer, Vice President, Exploration of Mayfair Gold, stated: "I am excited to join Mayfair at an important stage in the Company's growth. The Fenn-Gib Project is a well-defined asset, and the broader land package presents a compelling opportunity to evaluate additional targets along the Destor–Porcupine Deformation Zone. I look forward to working with the team on the ground to advance exploration programs focused on defining and prioritizing structurally controlled high-grade gold targets across the property."With Adree leading the Exploration team, she will be working closely with Jean François Métail, who will take-on the expanded scope of Vice President Mineral Resource Management at Mayfair on the Fenn-Gib project. Drew Anwyll, P.Eng, CEO states, "Jean François was previously supporting Mayfair in a consulting role and moving into this new position we will see additional ownership to the overall geological scope on the Project. Having worked with JF previously, I have absolute confidence in his ability to provide strategic guidance and geological oversight for the Fenn-Gib Gold Project, supporting resource modelling, and technical de-risking as the Project advances through development and into operations."Mr. Métail, is seasoned geo-scientist with more than 30 years of global experience in exploration, resource development, reserve strategy, and production reconciliation, including senior technical roles at Barrick Gold and Detour Gold. He brings deep expertise in resource modelling, QA/QC systems, grade control, and reserve conversion, along with a long track record of supporting major gold operations internationally.Jean François spent 16 years at Barrick Gold, where he served as Director of Geology and Reserve Strategy within the corporate Operations Support group. His responsibilities included reserve stewardship, resource-to-reserve conversion, and establishing best practices for geological modelling, reconciliation, and QA/QC across Barrick's global portfolio. Most recently, is work supported operations and projects in Mexico, Chile, Quebec and Ontario.Before joining Barrick, he worked as an exploration geologist with Placer Dome, gaining foundational experience in Carlin-style and greenstone belt exploration, along with early-stage project development.From 2012 to 2017, Jean François held senior leadership roles at Detour including Vice President, Exploration and Mineral Resources Management, where he oversaw resource growth, geological interpretation, and technical support for the Detour Lake Gold Mine. Many of the systems he put in place are still contributing to the success of Canada's largest gold operation.He later served as President and as Senior Technical Advisor to Blue Thunder Mining, supporting exploration strategy and project advancement in the Abitibi region in Quebec.Jean François holds a B.Sc. from the Université de Montréal (1991) and completed a Citation Program in Geostatistics at the University of Alberta, strengthening his technical foundation in resource estimation and modelling.About Mayfair Gold Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. The 2026 Pre-Feasibility Study (the "PFS") outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030.The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.Cautionary Note Regarding Forward-Looking InformationThis news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, building and operating the Fenn-Gib Project, growing the Company's exploration pipeline, the Company's broader land package presenting a compelling opportunity to evaluate additional targets along the Destor-Porcupine Deformation Zone, advancing exploration programs focused on defining and prioritizing structurally controlled high-grade gold targets, and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws.Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. View original content to download multimedia:https://www.prnewswire.com/news-releases/mayfair-gold-adds-vp-exploration-and-technical-leadership-depth-302770255.htmlSOURCE Mayfair Gold Corp. Original: MAYFAIR GOLD ADDS VP EXPLORATION AND TECHNICAL LEADERSHIP DEPTH
CA Market News
1月前
Mayfair Gold Appoints Drew Anwyll, P.Eng., as CEOMay 4, 2026 4:30 AM
PR Newswire (Canada)
TORONTO, May 4, 2026 /CNW/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce the appointment of Drew Anwyll, P.Eng., formerly Chief Operating Officer of the Company, as Chief Executive Officer of the Company, effective immediately. Nick Campbell, current Chief Executive Officer, will be stepping down and departing the Company.
Darren McLean, Chair of the Board, states, "Mayfair is on the path to build and operate the Fenn-Gib Gold Project. By appointing Drew, an accomplished operator, as CEO, the Company is well positioned to execute on this plan. The Board would like to thank Nick for his leadership and contributions, including his work in elevating the Fenn-Gib story, progressing the NYSE American listing, and advancing us to this point. We wish him well in his future endeavours.""Mayfair is advancing with Fenn-Gib project designs and moving into the approvals phase with momentum and a team built to deliver," said Drew Anwyll, P.Eng., incoming CEO. "I'm proud of the culture of excellence, ownership, and execution that exists within the organization. Our focus is to move Fenn-Gib toward production on an accelerated path, with discipline. I look forward to stepping into this role and am committed to further strengthening relationships with Indigenous partners, local communities, government agencies, and all stakeholders as we advance together."Nick Campbell, outgoing CEO, said, "My role at Mayfair was to help shape the strategy with the Board, begin telling the story, and bring the team together to execute on that vision. That foundation is now firmly in place. The team Drew has assembled stands out in any project development organization. The culture Drew has fostered in such a short time is remarkable, and I look forward to watching Mayfair continue to advance."Biography: Drew Anwyll, P.Eng., B.Eng., M.Eng.Chief Executive Officer, Mayfair Gold Corp.Drew Anwyll is a seasoned mining executive and Professional Engineer with more than 30 years of experience in the development, construction, and operation of large-scale gold assets across Canada and internationally and has previously served as a Director for several publicly traded mining entities. Known as a "mine builder" with a proven track record of navigating complex regulatory landscapes, Mr. Anwyll's appointment as CEO marks a strategic development for Mayfair Gold as it advances the Fenn-Gib Gold Project toward production.His career is defined by his ability to bridge the gap between technical feasibility and operational reality, particularly within the Ontario mining jurisdiction. Most recently, Mr. Anwyll served as Mayfair's Chief Operating Officer, where he spearheaded the 2026 Pre-Feasibility Study (the "PFS") and the commencement of Front-End Engineering and Design (FEED) for the Fenn-Gib Project.Expertise in Provincial Permitting and Regulatory SuccessMr. Anwyll's most recent success at Generation Mining Limited (2020–2025) is directly applicable to Mayfair's objective of getting into Ontario's "One Project, One Process" (1P1P) permitting framework. As Chief Operating Officer at Generation Mining, he was the primary architect of the technical and environmental strategy for the Marathon Palladium-Copper Project.Under his leadership, the Marathon Project successfully navigated a rigorous Joint Federal and Provincial Review Panel for its Environmental Assessment, receiving government approval in late 2022, and further advanced the Project through the permitting process. His strong working relationships with the Ontario Ministry of Energy and Mines and the Ministry of Environment, Conservation and Parks were instrumental in securing key construction permits. This experience with interdisciplinary, multi-agency requirements is a critical asset as Mayfair seeks to streamline its own approval timelines under Ontario's 1P1P initiative, which emphasizes concurrent provincial reviews to accelerate projects.A Legacy of Large-Scale Production: The Detour Lake BenchmarkPrior to his tenure at Generation Mining, Mr. Anwyll spent nearly a decade at Detour Gold Corporation (2011–2018), where he held senior executive roles including Senior Vice President of Technical Services and Interim COO. He was a cornerstone of the leadership team that transformed the Detour Lake Project from a massive resource on paper into one of Canada's largest and most efficient gold mines.His accomplishments at Detour Lake are particularly relevant to the Fenn-Gib Project's open-pit profile:Construction through ramp-up: He contributed through construction and oversaw the initial start-up and operational scale-up of the Detour Lake mine, managing throughput that exceeded 65,000 tonnes per day at the processing plant and more than 200,000 tonnes per day in the mining operation.Strategic optimization: He led long-term technical planning and resource delineation that established the mine as a "tier-one" global asset, which eventually led to its successful C$4.9 billion acquisition and integration into Agnico Eagle's portfolio.Operational excellence: His focus on high-capacity open-pit mining and operational efficiency at Detour Lake provides Mayfair with the executive oversight needed to de-risk the Fenn-Gib construction phase.Vision for Mayfair GoldAs CEO, Mr. Anwyll is focused on executing a disciplined transition from exploration to production. His strategy integrates technical design elements with a modern permitting framework, ensuring that Mayfair advances the Fenn-Gib Gold Project efficiently within the Timmins mining camp. His technical rigor, combined with a decade of specific experience in Northern Ontario's permitting, Indigenous engagement, and labour markets, positions Mayfair Gold to deliver on its promise of becoming Ontario's next significant gold producer.Mr. Anwyll holds a Bachelor's and a Master's degree in Mining Engineering from McGill University. He is a registered Professional Engineer in Ontario.About Mayfair Gold Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. The 2026 Pre-Feasibility Study (the "PFS") outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030.The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.Cautionary Note Regarding Forward-Looking InformationThis news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, building and operating the Fenn-Gib Project, the Company's promise of becoming Ontario's next significant gold producer and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws.Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/mayfair-gold-appoints-drew-anwyll-peng-as-ceo-302760824.htmlSOURCE Mayfair Gold Corp.
Original: Mayfair Gold Appoints Drew Anwyll, P.Eng., as CEO
CA Market News
1月前
Mayfair Gold Provides Update on Project Work in the First Quarter of 2026 Advancing and Derisking the Fenn-Gib Gold ProjectApril 27, 2026 6:35 PM
PR Newswire (Canada)
VANCOUVER, BC, April 27, 2026 /CNW/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (NYSE American: MINE) (TSXV: MFG) is pleased to provide this update progress achieved for the first quarter 2026, and highlight key work streams for the remainder of 2026 at the Fenn-Gib Gold Project in Northern Ontario .
"The progress achieved in the first quarter reflects the disciplined, methodical approach we are taking as we advance and derisk the Fenn-Gib Gold project through the permitting process toward development. Each workstream is moving forward with clarity and purpose, and as the team grows, we continue to deliver the technical foundations required for a successful build," said Nick Campbell, President and CEO. "We look forward to maintaining this momentum as we enter the next phase of engineering, environmental assessment, and regulatory and stakeholder engagement."Drew Anwyll, P.Eng., Chief Operating Officer, added: "We entered 2026 with a clear execution plan, and the progress achieved this quarter reflects both the strength of that approach and the quality and commitment of the team advancing the work. Multiple critical-path activities are progressing in parallel, supported by a highly capable group focused on disciplined delivery. This work will allow us to maintain schedule confidence as we move toward detailed engineering later this year, and progress permitting and regulatory approvals. Our objective remains clear: to advance the Project efficiently targeting a construction decision in 2028, positioning us well ahead of our peers."The aspects of the work advance in Q1 2026 include the following:Compilation of Environmental Baseline Study workThroughout Q1 2026, the Company advanced the integration and interpretation of the multi-year environmental baseline studies initiated in 2023. Work this quarter focused on advancing and consolidating studies concerning fish and fish habitat, hydrology, hydrogeology, geochemistry, wildlife, and vegetation into technical packages to support the upcoming application into Ontario's One Project, One Process ("1P1P") framework and advancement of the Environmental Assessment ("EA") processes with the Province of Ontario.Notification of Project StatusThe Company submitted the Notification of Project Status ("NPS") during the first quarter signalling the intent to advance the project into production and is now awaiting formal guidance and next-step requirements from the Ministry of Energy and Mines ("MEM"). Following the receipt of MEM's review of the NPS, their feedback will be integrated into the Company's permitting strategy to help align upcoming technical, environmental, and indigenous engagement workstreams with the identified communities.Environmental Assessment In the first quarter, the Company awarded the EA and permitting mandate to Egis Canada Ltd. ("Egis"), previously operating as Ecometrix Incorporated, for the Project. Building on the consolidated baseline interpretations completed to date, Egis will lead the preparation of the Ontario provincial EA as the Company initiates formal environmental approval activities later in 2026. This work will include the development of regulatory submissions, continued engagement with Indigenous communities and stakeholders, and the preparation of discipline-specific technical reports.Highway 101 RealignmentWork commenced in late Q1 on the environmental assessment process for the proposed Highway 101 realignment. TBT Engineering has initiated early coordination with the Ministry of Transportation of Ontario ("MTO") to confirm process requirements and advance initial scoping. Upcoming work will include route evaluation, environmental and geotechnical field studies, and continued collaboration with MTO to progress the preferred alignment. Advancement of Site Investigations and Site DrillingDuring the quarter, the Company advanced expanded site investigation programs. Geotechnical fieldwork resumed in early 2026, advancing work initiated in 2025, for the proposed tailings storage facility ("TSF"), site infrastructure areas, and the process plant. In parallel, condemnation drilling commenced across priority infrastructure zones to confirm the absence of mineralization and delineate the final site layout. The Company also advanced pump testing activities to strengthen the understanding of groundwater conditions across the project area. These tests provide information on sub-surface water characteristics, hydraulic conductivity, and groundwater flow responses under sustained pumping that is vital to ongoing site engineering. The results will be incorporated into updated hydrogeological models to refine predictions of pit dewatering requirements, assess potential interactions with nearby water bodies, and support EA and permitting submissions.Front-End Engineering and Design ("FEED") Initiated with AusencoIn the first quarter, the Company commenced Front-End Engineering and Design (FEED) with Ausenco Engineering for the planned 4,800 tpd processing facility. This phase of work includes completing applicable financial trade-off studies, advancing Process Design Criteria (PDC) and Piping and Instrumentation Diagrams (P&ID) to formalize Project design and will support advancing into detailed engineering in the second half of 2026. Q1 FEED activities focused on refining the comminution circuit and flotation layouts, integrating outcomes from third-party reviews, and establishing the engineering basis to support continued advancement of the plant design.Next Steps The first quarter of 2026 also allowed the Team to advance the planning and coordination of the following work:Metallurgical TestingTo support comminution circuit design and establish additional data for rock competency characterization, large-diameter diamond drill core will be collected to generate expanded A×b rock hardness data. These results will refine parameters and inform equipment sizing and energy requirements for the operating plant. In parallel, follow-on work from the tailings settlement testing program completed in Q1 will be undertaken to better define the settled density of tailings material within the TSF.Advancing the Mineral Resource Estimate drilling program In the first quarter, all remaining assays from the 2025 Mineral Resource Estimate (MRE) confirmation drilling program were received. With the full 2025 MRE confirmation dataset now complete, the geology team, together with the Mineral Resource Qualified Person, are advancing the development of an updated localized model and evaluation of preliminary ore block designs within the area drilled. Upon completion, the updated local model will be compared against the MRE used in the Pre-Feasibility Study (PFS) to assess changes in grade distribution, geological continuity, and provide insight into any variability on future mine planning and operational predictability.Ongoing Site Investigations and Geotechnical ProgramsSite investigation activities will continue through the second quarter, including additional geotechnical drilling, test pitting, and material characterization across the TSF, plant site, and infrastructure locations. These programs will further refine foundation design parameters and support the advancement into the detailed engineering phase.Power Supply to SiteThe Company along with TWD Engineering are advancing work to define the preferred power-to-site solution, including evaluation of transmission routing and supply voltage, interconnection requirements, and technical specifications. Engagement with the relevant utilities and regulatory bodies including Hydro One Network ("HONI") and the Independent Electricity System Operator ("IESO") will continue as the Company progresses toward a finalized power supply strategy to support the Project.Open Pit Geotechnical DrillingAdditional open pit geotechnical drilling is to commence in the third quarter. Initial geotechnical work completed in 2023 supported the open pit designs developed for the PFS. Building upon this foundation, the program will gather supplementary structural, geomechanical, and hydrogeological data to enhance the accuracy of open pit slope designs and facilitate pit optimization and operational stability evaluations. Mayfair is growing the core team to advance Fenn-Gib and support the ongoing initiatives to derisk the Project, support the Provincial permitting process and make preparations in advance of the start of construction.Advertising Service AgreementThe Company also announces it has entered into a service agreement with Native Ads Inc. ("Native Ads") in connection with a digital advertising campaign. Native Ads will provide the Company with services which include sponsored articles, media buying, content distribution services and ad campaign analytics. Pursuant to the agreement, the company has agreed to pay US$172,000 to facilitate the program. The digital advertising campaign is planned for the 12-month term of the agreement, or until budget exhaustion. The majority of the campaign budget will be disbursed by Native Ads to satisfy its obligations under the agreement. Native Ads is led by Jon Malach and is an arms-length Delaware Corp. with a registered office located in New York. Native Ads has no present interest, directly or indirectly, in the securities of the Company.About Mayfair Gold Mayfair Gold is a Canadian gold development stage company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. The PFS outlines the potential to develop Fenn-Gib into a new Canadian gold producer for initial development capital of C$450 million, with a base case payback period of 2.7 years and cumulative free cash flow of $896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030.The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Operating Officer of Mayfair, a QP as defined in NI 43-101.Cautionary Note Regarding Forward-Looking InformationThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking Information"). The use of the words "will" and "expected" and similar expressions are intended to identify forward-looking information. This information includes statements regarding the scope, timing and expected outcomes from future workstreams. Although Mayfair Gold believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based these forward-looking statements and information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in the annual information form of the Company for the year ended December 31, 2025, available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Mayfair does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/mayfair-gold-provides-update-on-project-work-in-the-first-quarter-of-2026-advancing-and-derisking-the-fenn-gib-gold-project-302754876.htmlSOURCE Mayfair Gold Corp.
Original: Mayfair Gold Provides Update on Project Work in the First Quarter of 2026 Advancing and Derisking the Fenn-Gib Gold Project
CA Market News
2月前
MAYFAIR COMPLETES PRIVATE PLACEMENT WITH KEVIN ANNETTApril 16, 2026 9:05 PM
PR Newswire (US)
VANCOUVER, BC, April 16, 2026 /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold" or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce that it has completed its previously announced private placement with Kevin Annett, Chief Financial Officer of the Company.
Mr. Annett acquired 58,000 common shares of the Company (the "Shares") at a price of C$4.38 per Share for gross proceeds of C$254,040. The Company expects to use these proceeds towards advancing the Fenn-Gib gold project in Ontario. The Shares are subject to a 4-month and one day "hold period" as prescribed by applicable securities laws and the policies of the TSX Venture Exchange, expiring on August 17, 2026.Mr. Annett is an insider of the Company (the "Insider") and thus his acquisition of the Shares was a "related party transaction" within the meaning of that term in Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation requirement set out in section 5.5(a) of MI 61-101 and the minority shareholder approval requirement set out in section 5.7(1)(a) of MI 61-101 on the basis that, at the time the private placement was agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Shares, exceeded 25% of the Company's market capitalization. The Company did not file a material change report at least 21 days in advance of the closing as the private placement with the Insider had not been confirmed at that time.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.About Mayfair GoldMayfair Gold is a Canadian gold development stage company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. The Project's pre-feasibility study (the "PFS") outlines the potential to develop Fenn-Gib into a new Canadian gold producer for initial development capital of C$450 million, with a base case payback period of 2.7 years and cumulative free cash flow of C$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. See the Company's news release dated January 8, 2026, titled "Mayfair Delivers Robust Pre-Feasibility Study for the Fenn-Gib Gold Project" for further information.The scientific and technical content of this news release was reviewed, verified, and approved by Drew Anwyll, P.Eng., M.Eng., Chief Operating Officer of the Company, and a Qualified Person as defined by Canadian Securities Administrators' National Instrument 43-101 – Standards of Disclosure for Mineral Projects.Cautionary Statement Regarding Forward-Looking InformationThis news release contains forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of United States securities legislation (collectively, "forward-looking statements") that relate to Mayfair's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") 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. Forward-looking statements in this news release include, but are not limited to, the expected use of proceeds and all disclosure related to the PFS, including expected commencement of construction and production. The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Mayfair's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, those risk factors set out in the Company's annual information form and Form 40-F for the financial year ended December 31, 2025 available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Mayfair undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. 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. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
View original content to download multimedia:https://www.prnewswire.com/news-releases/mayfair-completes-private-placement-with-kevin-annett-302745454.htmlSOURCE Mayfair Gold Corp.
Original: MAYFAIR COMPLETES PRIVATE PLACEMENT WITH KEVIN ANNETT
Hot Features
プレミアム
登録してリアルタイムのチャート、分析ツール、価格を入手してください。
メールアドレスで登録
