Project UpdateJun 18, 2026, 05:16 PM
Mayfair Gold Reports Positive Final Grade Control Drilling Results
AI Summary
Mayfair Gold Corp. announced positive final results from its tight-spaced Grade Control (GC) drilling program at the Fenn-Gib Project. The program tested approximately 1.0 million tonnes of probable mineral reserves, validating the existing reserve model and confirming the distribution and continuity of mineralization. The results indicate potential for processing higher-grade ore earlier in the mine sequence, enhancing confidence in early cash flows and de-risking the project.
Key Highlights
- Grade Control program tested ~1.0M tonnes of probable mineral reserves, about 25% of Phase 1.
- Reserve model validated in the test area, confirming distribution and continuity of mineralization.
- At 0.8 g/t Au cut-off, Grade Control model showed similar grade and ~2% more contained metal.
- For material above 3.0 g/t Au, GC model identified 28% more tonnes at 7% higher grade.
- This represents 37% more gold than the probable reserve model for the test area.
- Improved confidence in early cash flows will facilitate project financing discussions.
- Potential to bring forward higher-grade production in the initial mining sequence.
Price Impact
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