MAYFAIR GOLD CORP - MFGCF STOCK NEWS

Mayfair Gold announced the closing of the second tranche of its non-brokered private placement, raising $3,450,000 for its exploration program at the Fenn-Gib gold project in Ontario. The total raised from both tranches is $8,430,000. The company issued 3,000,000 shares at $1.15 per share, subject to a hold period until May 11, 2023. CEO Patrick Evans expressed satisfaction with the support for the financing, which will facilitate resource delineation and metallurgical studies for the project.

Mayfair Gold Corp. has successfully closed the first tranche of its private placement financing, raising $4,980,000 through the issuance of 3,000,000 flow-through shares at $1.66 each. This offering was executed at a 32% premium over the previous closing price on November 28, 2022. The funds will support the company's exploration efforts at the Fenn-Gib gold project in Ontario. A second tranche is expected to close around January 6, 2023.

Mayfair Gold Corp. has completed 105,500 meters of its 110,000-meter infill and expansion drill program at the Fenn-Gib Project. This project, located in Northeast Ontario, holds a NI 43-101 resource of 3.06 million ounces in the indicated category. A resource update is scheduled for Q2 2023, along with a pre-feasibility study. Highlighted drill results show significant gold intercepts, including 1.85 g/t Au over 130.5 meters. Additionally, the company has granted stock options for an aggregate of 2,330,000 shares at an exercise price of $1.29.

Mayfair Gold Corp. (MFGCF) announced its eighth set of drill results for 2022 from the Fenn-Gib Project, revealing significant gold mineralization. Highlights include 1.10 g/t Au over 366.7m in hole FG22-253 and 1.53 g/t Au over 133.7m in hole FG22-267. The ongoing infill and expansion drill program has completed 104,000m of its 110,000m target. A resource update is expected by Q2 2023, along with a pre-feasibility study within the year. The company has upsized its non-brokered private placement to 3 million shares at $1.15, raising $3.45 million.

Mayfair Gold Corp. has announced a non-brokered private placement financing of up to 2.6 million common shares at $1.15 each, aiming for gross proceeds of up to $3 million. Additionally, a flow-through private placement of up to 3 million shares at $1.66 each is expected, raising up to $5 million. Proceeds will finance exploration and engineering studies at the Fenn-Gib gold project in Ontario. The share offerings are subject to customary closing conditions and will not be registered in the U.S.

Mayfair Gold Corp. announced positive drill results from its Fenn-Gib Project, confirming significant gold mineralization. Highlights include drill hole FG22-259, which showed 1.11 g/t Au over 145.2m, with a higher grade of 3.17 g/t Au over 40.3m. The company's drill program has completed over 101,000m of the planned 110,000m, expecting a resource update in Q2 2023 and a pre-feasibility study by Q4 2023. The project has a total Indicated Resource of 3.06 million ounces of gold, reinforcing its potential as an exceptional deposit in Ontario's mining sector.

Mayfair Gold Corp. announced an updated mineral resource estimate for its Fenn-Gib Gold Project, with a significant increase in gold resources. The Indicated resource rose by 47% to 3.06 million ounces, while the Inferred resource increased by 315% to 0.31 million ounces. The company is currently executing a 110,000-meter drill program, with 61% completed as of July 31, 2022. Mayfair's efforts suggest continued resource expansion potential, with estimates reflecting a low incremental drilling cost of C$6.00 per ounce. Another update is anticipated in Q2 2023.

Mayfair Gold Corp. has announced significant advancements in its Fenn-Gib drill program, completing approximately 96,000 meters of its planned 110,000-meter campaign. New assay results indicate strong gold mineralization, with notable drill intersections such as FG22-250 yielding 0.87 g/t Au over 311 meters. The company expects a resource update by the end of October 2022, incorporating all results up to July 31, 2022. A further update is slated for Q2 2023. The Fenn-Gib Project currently hosts a 2.08M ounce indicated resource.