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Technical Study

Mayfair Gold files NI 43-101 report for Fenn-Gib

By The Northwire Desk — AI Analysis Jan 16, 2026 · 04:17 MFG · 5.25 Mayfair Gold Corp.
MFG · Price

Executive Summary

  • Mayfair Gold Corp. has filed a National Instrument 43-101 Technical Report and Pre-Feasibility Study for its Fenn-Gib gold project in the Timmins gold district, prepared by Ausenco Engineering Canada ULC.
  • Richard Klue, Vice-President of Technical Services, is transitioning to semi-retirement effective January 14, 2026, moving to an hourly advisory role while exploring non-executive board opportunities.
  • The company’s flagship Fenn-Gib asset currently hosts an updated NI 43-101 open-pit constrained mineral resource estimate effective September 3, 2024.

Key Details

  • Technical Report: Titled "Fenn-Gib Project: NI 43-101 Technical Report and Pre-Feasibility Study," prepared by Ausenco Engineering Canada ULC.
  • Report Availability: Available under the company's profile on SEDAR+.
  • Management Change: Richard Klue (VP, Technical Services) is moving to semi-retirement as of Jan. 14, 2026.
  • New Role Terms: Klue will remain active on an hourly basis to assist Mayfair Gold, while exploring non-executive board opportunities and other turnaround projects.
  • Resource Estimate (Effective Sept. 3, 2024):
    • Indicated: 181.3 million tonnes at 0.74 g/t Au for 4.3 million ounces.
    • Inferred: 8.92 million tonnes at 0.49 g/t Au for 140,000 ounces.
    • Cut-off Grade: 0.30 g/t Au.
    • Methodology: Open-pit constrained.

Notable Quotes

  • "Mayfair would like to thank Mr. Klue for his contributions and leadership in advancing the Fenn-Gib project to this stage as he moves into much deserved semi-retirement."
Read the original news release →

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Production / Operations