Mayfair Gold Corp. reports company news centered on the Fenn-Gib Gold Project in northeastern Ontario, including drilling results, technical studies, environmental baseline work, power-supply planning, permitting steps, and stakeholder engagement. Updates also cover the company’s efforts to advance the project from exploration and study work toward mine development.
Mayfair Gold news also includes public-company matters such as executive appointments, strategic advisory roles, private placements, related-party transaction disclosure, and project-area land activity. The company’s recurring updates reflect a junior gold issuer whose operations are concentrated on one principal Ontario gold project.
Mayfair Gold (MINE) reported progress on its 2026 summer exploration and mine geology work at the Fenn-Gib project.
The program advanced South Block targets toward drill-ready status, mapped over 95% of known outcrops, and collected 127 grab samples across the North and South blocks. Mayfair completed 23 condemnation drill holes totaling 6,184 metres, which confirmed that proposed locations for key infrastructure in the 2026 Pre-Feasibility Study remain suitable, so no site layout changes are required. Assay highlights from condemnation drilling include intervals such as 2.70 metres at 2.84 g/t Au and 1.50 metres at 4.45 g/t Au.
The company is building an integrated 3D geological and multi-element geochemical model using more than 900 ICP-MS assays to support geo-metallurgy and property-scale exploration. Fenn-Gib hosts an indicated mineral resource of 4.3 Moz of gold and a probable mineral reserve of 1.0 Moz, with the PFS outlining initial development capital of C$450 million, a base-case payback period of 2.7 years, and projected cumulative free cash flow of US$896 million over the first six years of production at a US$3,100/oz gold price, with construction targeted for 2028 and initial production in 2030.
Mayfair Gold (NYSE American: MINE) appointed Desmond “Des” Tranquilla as Chief Projects Officer and Ruben Wallin as Senior Vice President, Sustainability, to support advancing the 100%-owned Fenn-Gib gold project toward permitting under Ontario’s 1P1P process and a targeted 2028 construction decision.
Both executives bring over 30 years of mining, project development, and environmental approvals experience. Mayfair Gold granted each appointee options to acquire 200,000 common shares, exercisable at the 5-day VWAP ending August 24, 2026, for five years to August 24, 2031, under its Omnibus Incentive Plan. The company also granted 2,452,500 Performance Restricted Share Units to officers and employees, vesting over up to three years upon achieving Fenn-Gib advancement milestones.
The Fenn-Gib project hosts a 4.3 Moz indicated resource and a 1 Moz probable reserve near surface. The 2026 Pre-Feasibility Study outlines initial capital of C$450 million, a 2.7-year payback, and US$896 million cumulative free cash flow over six years at US$3,100/oz gold, with construction targeted for 2028 and first production in 2030.
Mayfair Gold (NYSE American: MINE; TSXV: MFG) reported its operating and financial results for the quarter ended June 30, 2026, with full statements available on its website, SEDAR+ and EDGAR. The company is advancing its 100% controlled Fenn-Gib gold project in the Timmins region, which hosts a 4.3 million ounce indicated mineral resource (181.3Mt at 0.74 g/t) and a higher-grade 1 million ounce probable mineral reserve (25.1Mt at 1.29 g/t) near surface. A 2026 Pre-Feasibility Study outlines initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow of US$896 million over the first six years at a gold price of US$3,100/oz. Mayfair Gold is progressing permitting, detailed engineering and stakeholder engagement targeting construction start in 2028 and initial production in 2030, while continuing exploration across the broader land package.
Mayfair Gold (NYSE American: MINE) reported Q2 2026 progress on advancing and de-risking its 100% controlled Fenn-Gib gold project in Northern Ontario. Front-end engineering design for the planned 4,800 tpd process plant continued with Ausenco, including crushing, grinding and flotation optimization, geotechnical work and early contractor and equipment-supplier engagement.
The completed 56-hole grade control program confirmed reserve model confidence and, for material above 3.0 g/t Au, indicated 28% more tonnes at 7% higher grade, equating to 37% more gold in the test area versus the probable reserve model. Mayfair advanced environmental baseline programs and Ontario’s One Project, One Process submission work, powerline and access planning, mining lease conversion, and evaluation of condemnation drilling. The company also closed the acquisition of nearby Guibord, Marriott and Holloway properties and entered a C$47,000 research services agreement with Atrium and a US$400,000 six‑month digital advertising agreement with Gold Standard Media.
Mayfair Gold (NYSE American:MINE, TSXV:MFG) reported that shareholders approved all items at the June 25, 2026 Annual General and Special Meeting. Approvals covered the re-election of five directors, re-appointment of Davidson & Company LLP as auditor, and re-approval of the 10% rolling Omnibus Incentive Plan.
Mayfair Gold also granted stock options for an aggregate 475,000 common shares to certain officers and employees. The options have a five-year term to June 25, 2031 and an exercise price equal to the 5-day volume-weighted average price on and including June 25, 2026.
Mayfair Gold (NYSE American:MINE) reported final positive results from its 2025 grade control drilling program at the Fenn-Gib project. The tight-spaced drilling confirmed about 1.0M tonnes of ore-grade material classified as probable reserves in the PFS, roughly 25% of Phase 1.
For blocks above 3.0 g/t Au, the grade control model outlined 28% more tonnes at 7% higher grade, equating to 37% more gold than the reserve model in the test area. The results validate the mineral reserve block model in the starter pit, support early high-grade production scheduling, and are expected to aid future project financing discussions. Findings apply only to the specific 60 x 70 metre test area.
Mayfair Gold (NYSE American:MINE) appointed professional engineer Ayaz Kassam as Director of Projects, adding nearly 20 years of project management experience.
He will help advance the Fenn-Gib Gold Project toward a potential construction and final investment decision as early as 2028.
Mayfair Gold (NYSE American:MINE) launched a regional exploration program across its Timmins camp after acquiring the Guibord, Marriott and Holloway properties. The work complements the 4.3‑million‑ounce indicated Fenn-Gib resource, advanced by a positive 2026 PFS, and targets high-grade structures along the Porcupine–Destor Fault Zone.
Mayfair Gold (NYSE American:MINE) reported its operating and financial results for the quarter ended March 31, 2026. Full Q1 2026 financial statements and MD&A are available on the company’s website and on SEDAR+ and EDGAR.
An April 27, 2026 news release provides a detailed update on Fenn-Gib project work completed in Q1 2026.
Mayfair Gold (NYSE American:MINE) appointed Adree DeLazzer as Vice President, Exploration and Jean François Métail as Vice President Mineral Resource Management.
DeLazzer brings 20 years of exploration experience, while Métail adds over 30 years in resource management to support the Fenn-Gib Project and Mayfair's expanded land package.