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Mayfair Gold Advances Fenn-Gib Exploration, Eyes 2028 Construction

Mayfair Gold completed a summer drilling program at its Fenn-Gib project in Northern Ontario, hitting 4.45 g/t gold over 1.5m and confirming infrastructure sites ahead of planned South Block drilling.

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Sophie Laurent · FX & Rates Desk · 13 Sept 2026 · 18:02 · 1 min read
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Mayfair Gold Advances Fenn-Gib Exploration, Eyes 2028 Construction

Mayfair Gold Corp. (TSXV:MFG) (NYSE American:MINE) announced Monday it has completed its summer exploration program at the Fenn-Gib gold project in Northern Ontario, securing data that supports infrastructure placement and advances priority targets ahead of a drilling campaign slated for early 2027.

The company mapped more than 95% of known outcrops across the North and South blocks and collected 127 grab samples. In and around the main deposit, over 900 inductively coupled plasma mass spectrometry assays have been taken to date. Samples were processed at Swastika Laboratories Ltd., which holds accreditation under the Canadian Association for Laboratory Accreditation and meets ISO/IEC 17025 standards.

Drilling during the program consisted of 23 condemnation holes totaling 6,184 meters, aimed at testing proposed infrastructure locations identified in the project’s 2026 pre-feasibility study. Results confirmed those locations remain suitable, meaning no layout changes are required, according to the press release.

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Notable intercepts included hole FGN26-040, which returned 4.45 grams per ton of gold over 1.5 meters, and hole FGN26-033, which returned 2.84 g/t gold over 2.7 meters, including a higher-grade interval of 5.41 g/t gold over 1.3 meters.

An integrated 3D geological and multi-element geochemical model for the Fenn-Gib deposit is under development. Mayfair Gold reported an indicated mineral resource of 4.3 million ounces at an average grade of 0.74 grams per ton gold.

Adree DeLazzer, vice president of exploration, said the work has advanced priority targets on the South Block toward planned drilling in early 2027. The company has set a construction target of 2028 and initial production for 2030.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Sophie Laurent
FX & Rates Desk

Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.

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