MAYFAIR GOLD CORP. O.N.

Mayfair Gold has appointed Desmond Tranquilla as chief projects officer and Ruben Wallin as senior vice president, sustainability, to advance the Fenn-Gib project in northern Ontario. Both bring decades of experience in project development, construction, and environmental and permitting management. The duo were granted stock options for 200,000 common shares each, as well as performance-based restricted share units. The pre-feasibility study envisages an initial investment of C$450 million, a construction decision in 2028 and production start in 2030; the project contains an indicated resource of 4.3 million ounces. » Mere på de.investing.com

Mayfair Gold completed a grade-control drilling program at the Fenn‑Gib project in northern Ontario and validated about 1 million tonnes of probable mineral reserves. Fifty-six diamond holes to 75 m on a 10x10 m grid returned, at a 0.8 g/t cut-off, grades similar to the reserve model and roughly 2% more contained metal; for >3.0 g/t, 28% more tonnes with 7% higher grade were identified. Assays were carried out by Swastika Laboratories; CEO Drew Anwyll said the results confirmed the reserve estimate and the presence of high‑grade material for the early years of the mine plan. The 2026 pre-feasibility study lists a 4.3 Moz indicated resource, a 1 Moz probable reserve, initial capex of C$450m and a target production start in 2030. » Mere på de.investing.com

Mayfair Gold has appointed Drew Anwyll as chief executive officer with immediate effect; he was previously chief operating officer and replaces Nick Campbell, who is stepping down. Anwyll is a Professional Engineer with more than 30 years of experience in the construction and operation of gold mines and led Mayfair's 2026 pre-feasibility study and the start of FEED for the Fenn-Gib project. The PFS estimates initial capital expenditures at C$450 million, with construction planned to begin in 2028 and production to start in 2030. » Mere på de.investing.com