Mayfair Gold Commences 2024 Environmental Field Program at Fenn-Gib Gold Project

MATHESON, Ontario, March 28, 2024 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced the start the 2024 environmental field program in support of a potential environmental assessment for the 100% controlled Fenn-Gib project in the Timmins region of Ontario. The program is being managed by a multi-disciplinary group led by Environmental Applications Group Inc. of Sudbury, Ontario.

Mayfair’s president and CEO, Patrick Evans, commented: “This represents the fourth annual environmental field program at Fenn-Gib since Mayfair acquired the project in 2021. Environmental programs to date have confirmed that there are no species at risk within the Fenn-Gib project area. The 2024 field program will provide additional data to support a potential environmental assessment and future permitting for the Fenn-Gib project.”

Major elements of the 2024 field program include:

• Groundwater hydrogeology studies, including the drilling of 12 monitoring wells, logging of overburden, hydraulic testing, and seasonal water quality sampling;
• Surface water sampling and hydrology monitoring;
• Wetland evaluation and mapping;
• Terrestrial and aquatic wildlife monitoring;
• Geochemical testing; and
• Archeological surveys.

Reports on the results of the 2024 environmental field program are expected to be completed in Q1 2025 and will guide planning for the 2025 field program.

About Mayfair

Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair’s flagship asset and currently hosts an updated NI 43-101 resource estimate with an effective date of April 6, 2023 with a total Indicated Resource of 113.69M tonnes containing 3.38M ounces at a grade of 0.93 g/t Au and an Inferred Resource of 5.72M tonnes containing 0.16M ounces at a grade of 0.85 g/t Au at a 0.40 g/t Au cut-off grade (Source: NI 43-101 Technical Report on Fenn-Gib Project, Ontario, Canada, prepared by Tim Maunula, P. Geo., of T. Maunula & Associates Consulting Inc., dated April 6, 2023). Mr. Maunula is deemed a qualified person as defined by NI 43-101. The Fenn-Gib deposit has a strike length of over 1.5km with widths ranging over 500m. The gold mineralized zones remain open at depth and along strike to the east and west. Recently completed metallurgical tests confirm that the Fenn-Gib deposit can deliver robust gold recoveries of up to 94%.