Mayfair Gold Appoints Director to Advance 4.3Moz Fenn-Gib Gold Project
MINE•Mayfair Gold appointed Ayaz Kassam as Director of Projects to advance its 4.3 million ounce Fenn-Gib Gold Project. The PFS targets a 1 million ounce higher-grade reserve with C$450 million initial capital, a 2.7-year payback and US$896 million free cash flow in the first six years.
1. Director Appointment
Mayfair Gold named Ayaz Kassam as Director of Projects. Kassam is a professional engineer with nearly 20 years of project management experience, most recently serving as Senior Project Manager at Canada Nickel Company, and has led technically complex mining and infrastructure projects from feasibility through commissioning.
2. Fenn-Gib Project Development
The Fenn-Gib Gold Project hosts a 4.3 million ounce indicated resource and targets a 1 million ounce higher-grade reserve under the 2026 Pre-Feasibility Study. It outlines C$450 million in initial development capital, a 2.7-year payback period and US$896 million of free cash flow over the first six years, with permitting and engineering advancing toward a 2028 construction decision and 2030 production start.
