Mayfair Gold Completes Grade Control Drilling at Fenn-Gib Project
Mayfair Gold announced final results and evaluation of the tight-spaced Grade Control drilling program. Highlights and analysis from the Grade Control drilling test area: Grade Control program tested ~1.0M tonnes of the probable mineral reserves from the 2026 Pre-Feasibility Study, about 25% of Phase 1; Reserve model validated in test area; At a 0.8 g/t Au cut-off grade, the Grade Control model returned the similar grade as the reserve model, with approximately 2% more contained metal; 28% more tonnes at 7% higher grade for material above 3.0 g/t Au; De-risking of early years' high-grade feed and cash flow profile; Improved confidence in early cash flows will facilitate project financing discussions with counter parties; Potential to bring forward higher-grade production. Mayfair Gold reports results from the analysis of the grade control program completed in late 2025 at the Fenn-Gib Project, confirming approximately 1 million tonnes of ore-grade material that was categorized as probable reserves in the PFS, or roughly 25% of the Phase 1 planned design. The program was designed to validate the distribution and continuity of mineralization and refine planning assumptions related to ore shapes, dilution and ore loss. Drew Anwyll, CEO said, "The grade control drilling program has reinforced our confidence and further de-risked the Fenn-Gib deposit. The results confirm that the Mineral Reserve Estimate is an accurate representation of the orebody, demonstrating strong predictability between the model and what we are seeing in the field. Importantly, the program gives us confidence that the high-grade material scheduled for the early years of the mine plan is present and can be delivered as modeled. Grade control drilling has also identified the potential strengthening of the early production profile by utilizing more tonnes of a higher-grade material."
