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Technical Study

Mayfair Gold Files Technical Report for Fenn-Gib Gold Project

By The Northwire Desk — AI Analysis Jan 15, 2026 · 20:38 MFG · 5.25 Mayfair Gold Corp.
MFG · Price

Executive Summary

  • Mayfair Gold filed a NI 43‑101 technical report and pre‑feasibility study for the Fenn‑Gib Gold Project, now publicly available on SEDAR+.
  • The report confirms an updated mineral resource of 181.3 M tonnes (4.3 Moz Au) Indicated and 8.92 M tonnes (0.14 Moz Au) Inferred at a 0.30 g/t Au cut‑off, supporting strong project economics and free‑cash‑flow potential.
  • VP Technical Services Richard Klue is moving to semi‑retirement, remaining on an hourly advisory basis.

Key Details

  • Technical Report: “Fenn‑Gib Project: NI 43‑101 Technical Report and Pre‑Feasibility Study” prepared by Ausenco Engineering Canada ULC; filed in accordance with National Instrument 43‑101.
  • Resource Update (effective 2024‑09‑03):
  • Indicated Resource – 181.3 M tonnes, 4.3 Moz Au, 0.74 g/t Au.
  • Inferred Resource – 8.92 M tonnes, 0.14 Moz Au, 0.49 g/t Au.
  • Pre‑Feasibility Study Highlights (as disclosed in the report):
  • Demonstrates strong economics and free cash flow potential for a high‑grade open‑pit operation.
  • Targets construction start within 2–3 years and initial production by 2030.
  • Anticipated robust value creation and attractive investor upside.
  • Semi‑Retirement of VP Technical Services: Richard Klue will transition to an hourly advisory role while exploring non‑executive board opportunities.
  • Access to Report: Available on Mayfair Gold’s SEDAR+ profile (link provided in release).

Notable Quotes

“We thank Richard for his contributions and leadership in advancing the Fenn‑Gib project to this stage as he moves into well‑deserved semi‑retirement.” – Company statement.

Read the original news release →

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Production / Operations