Project UpdateJul 23, 2026, 03:55 PM
Mayfair Gold Provides Q2 2026 Update on Fenn-Gib Project Advancement
AI Summary
Mayfair Gold Corp. provided a Q2 2026 update on the advancement and de-risking activities for its Fenn-Gib Gold Project in Northern Ontario. Key progress includes advancing front-end engineering design for the 4,800 tonne-per-day process plant, concluding grade control drilling that confirmed resource model confidence, and progressing environmental baseline studies for permitting. The company also advanced infrastructure planning, regional exploration, and initiated discussions with potential project financing parties, with plans to continue these efforts in Q3 2026.
Key Highlights
- Advanced front-end engineering design (FEED) for a 4,800 tonne-per-day process plant with Ausenco.
- Concluded grade control drilling program, confirming resource model confidence and identifying higher-grade upside.
- Progressing environmental baseline studies and preparing Ontario's One Project, One Process (1P1P) submission.
- Advanced powerline planning, site access, and geotechnical investigations for infrastructure.
- Initiated early engagement with potential project financing parties.
- Grade control drilling confirmed approximately 1 million tonnes of probable mineral reserves from the 2026 PFS.
- Grade control model showed similar grade and 2% more tonnes for material above 0.80 g/t gold.
Price Impact
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