Mayfair Gold Announces Acquisition of the Guibord, Marriott and Holloway Properties from Plato Gold

The most recent news (April 2, 2026) announces the acquisition of a 100% interest in the Marriott and Holloway properties and a 50% interest in the Guibord property from Plato Gold for C$2.5 million in cash. This follows a string of high-impact Q1 2026 milestones: the delivery of a robust Pre-Feasibility Study (PFS) on January 8, an uplisting to the NYSE American (ticker: MINE) on January 27, and the formal submission of the "Notice of Project Status" to Ontario regulators on February 5. Additionally, interim grade control drilling results (February 11) showed an average grade of 1.47 g/t Au, outperforming the PFS block model of 1.40 g/t Au.

• Strategic Land Position: The acquisition increases Mayfair’s land holding by 65%. Crucially, the Guibord property provides "critical access" for onsite infrastructure and highway 101 diversion, which is a prerequisite for the permitting process outlined in the PFS.
• Resource De-risking: The February grade control results indicate a positive grade reconciliation (higher actual grades than modeled). This is a significant de-risking event for the "starter pit" which is intended to fund early operations.
• Regulatory Momentum: Moving from a "project" to a "mine in production" status with the Ontario Ministry of Energy and Mines initiates the formal permitting clock.
• Financial Valuation: The PFS base case (US$3,100 gold) shows an After-Tax NPV (5%) of C$652M and an IRR of 24.1%. With spot gold prices significantly higher in the provided data (referencing C$5,000/oz), the project's leverage is substantial.

Mayfair Gold is focused on the 100%-owned Fenn-Gib Gold Project in the Timmins region of Ontario, Canada. - Flagship: Fenn-Gib Project. - Resource: 4.3 Moz Indicated (181.3 Mt @ 0.74 g/t Au). - PFS Highlights: 14.3-year mine life, 4,800 tpd throughput, targeting high-grade surface mineralization first. - Location: Porcupine-Destor Fault Zone, a world-class jurisdiction.