• Mineralization outside current pit-constrained Indicated 2.08M ounce Resource
• Three drill rigs active at Fenn-Gib North Block
• 50,145m completed in 78 holes
• Metallurgical testing underway

Mayfair Gold Corp. (TSX-V: MFG; OTCQB: MFGCF) is pleased to announce further drill results from the Fenn-Gib Expansion Zone. The Fenn-Gib deposit, located in the Timmins region of Northeast Ontario, hosts a pit-constrained Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers and up to 300 meters wide at the west end.

The Fenn-Gib Expansion Zone lies below the shallow central section of the current conceptual open pit. The drill results reported below are part of the fully funded, ongoing 80,000m drill program. Resource infill and expansion drilling is being supported by three drill rigs, and 78 holes have been completed for a total of 50,145m.

Mayfair Gold President and CEO Patrick Evans commented: “Our 2021 drill campaign continues to deliver excellent results with gold mineralization in every hole. We are delighted that we have now reached the Fenn-Gib 50,000m Phase 1 infill and expansion drill program milestone earlier than scheduled. We look forward to continued positive results from the expanded 30,000m Phase 2 drill program, which we expect to complete in the second quarter of 2022.”

Mr. Evans added: “We are particularly excited to start our regional exploration program on both the Fenn-Gib North and South Blocks in early January. A fourth drill rig will be mobilized in mid-January for a 7,000m North Block drill program commencing at the priority Horseshoe target, which is located on the Pipestone Fault approximately 1 km to the northwest of the Fenn-Gib deposit. In addition, line cutting and ground geophysics will commence in early January on the South Block, followed by a maiden 3,000m drill program.”

Numerous historic drill holes in the upper Fenn-Gib deposit did not drill through the entire mineralized stratigraphy, with some holes ending in mineralization. The infill and expansion drill program within and below the current conceptual open pit is designed to identify additional mineralization in support of Mayfair’s target to grow the Fenn-Gib deposit to more than 3 million ounces.

Drill Results

The Fenn-Gib Expansion Zone drilling is supported by two of the three drill rigs and is targeting the shallow central section below the current conceptual open pit. Highlights of the newly reported mineralized intervals include:

1. FG21-159 intersected 4.95 g/t Au over 7.40m and 0.62 g/t Au over 48.3m, including 1.06 g/t Au over 21.0m;
2. FG21-167 intersected 0.43 g/t Au over 86.3m, including 2.05 g/t over 2.8m;
3. FG21-171 intersected 1.10 g/t Au over 11.0m and 16.06 g/t Au over 2.0m and 0.85 g/t Au over 114.1m, including 1.22 g/t Au over 65.9m;
4. FG21-175 intersected 0.59 g/t Au over 85.5m, including 1.69 g/t Au over 15.1m; and
5. FG21-177 intersected 1.58 g/t Au over 26.5m and 0.81 g/t Au over 61.9m.

The latest drill results continue to intersect significant gold mineralization building on the previously reported Expansion Zone results, including FG21-148 which intersected 101.0m at a grade of 0.88 g/t Au, including 51.7m at a grade of 1.16 g/t Au, hole FG21-149 intersected 101.9m at a grade of 0.75 g/t Au, including 18.0m at a grade of 1.77 g/t Au, hole FG21-150 intersected 65.5m at a grade of 1.18 g/t Au, including 10.0m at a grade of 4.24 g/t Au (news release July 27, 2021), and hole FG21-153 intersected 233.0m at a grade of 1.05 g/t Au, including 84.0m at a grade of 1.83 g/t Au, including 25.5m at a grade of 4.70 g/t Au (news release August 17, 2021). 

In addition, newly reported Fenn-Gib drill hole FG21-147b was collared within and close to the west side of the conceptual open pit wall intersecting within the open pit 0.33 g/t Au over 28.0m, and 0.98 g/t Au over 30.5m and 0.44 g/t Au over 59.0m, and intersecting outside of the open pit 0.90 g/t over 57.0m and 0.89 g/t Au over 14.0m.

The latest drill results from the central Expansion Zone and conceptual in-pit drill holes are summarized in Table 1. Table 2 lists the drill hole details below. Additional results will be released as they are received.

Table 1 – Fenn-Gib 2021 Drill Results Summary

Table 2 – Fenn-Gib 2021 Drill Hole Details

Plan and section maps including the above drill holes can be found at https://mayfairgold.ca/fenn-gib/#drillplanmap&sections

QA/QC Controls

Mayfair employs a QA/QC program consistent with NI 43-101 and industry best practices. Surface drilling was conducted by Major/Norex Drilling of Timmins, Ontario and was supervised by the Mayfair exploration team. Mayfair’s drill program includes descriptive logging and sampling of the drill core for analysis at Mayfair’s secure facility located in Matheson, Ontario. Sampled drill core intervals were sawn in half with a diamond blade saw. Half of the sampled core was left in the core box and the remaining half was bagged and sealed. Mayfair utilizes accredited laboratories, and the samples were transported by Mayfair personnel to the Actlabs laboratory in Timmins, Ontario. Gold was analyzed by 30-gram fire assay with AA-finish. Certified reference material (CRM) standards and coarse blank material are inserted every 20 samples. Drill intercepts cited do not necessarily represent true widths, unless otherwise noted.

About Mayfair

Mayfair is a Canadian mineral exploration company focused on advancing the 100% owned Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset. An updated open-pit constrained NI 43-101 resource estimate (February 5, 2021) 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. The deposit has a strike length of approx. 1.25km with widths ranging up to 300m. The gold mineralized zones remain open at depth and along strike to the east and west.