Mayfair Gold Files Technical Report for Fenn-Gib Gold Project

Core Viewpoint - Mayfair Gold Corp. has filed an updated technical report for the Fenn-Gib Gold Project, reflecting a significant increase in the gold price assumption and a corresponding adjustment in the mineral resource estimate [1][2]. Group 1: Technical Report Details - The updated technical report is titled "National Instrument 43-101 Technical Report – Mineral Resource Estimate Update Fenn-Gib Project, Ontario, Canada" and is available on SEDAR+ [1]. - The effective date of the updated mineral resource estimate is September 3, 2024, with the assay cut-off date for drill holes being April 30, 2024 [2]. - The gold price used in the updated report increased from US$ 1,765/oz to US$ 2,000/oz, leading to a reduction in the cut-off grade from 0.4 g/t Au to 0.3 g/t Au [2]. Group 2: Mineral Resource Estimates - The updated NI 43-101 open pit constrained mineral resource estimate includes a total Indicated Resource of 181.3 million tonnes containing 4.3 million ounces at a grade of 0.74 g/t Au, and an Inferred Resource of 8.92 million tonnes containing 0.14 million ounces at a grade of 0.49 g/t Au, based on a 0.30 g/t Au cut-off grade [4]. Group 3: Future Plans - The new technical report provides additional details on mineral processing and metallurgical testing, which will support the pre-Feasibility Study currently underway, expected to be released later in 2025 [2].