Mayfair Gold expands Fenn-Gib land by 65% in C$2.5m acquisition
Mayfair Gold agreed to acquire Plato’s Guibord (50% interest), Marriott, and Holloway properties near its Fenn-Gib project in Ontario for C$2.5m in cash. The deal increases land holdings by over 65% along the Porcupine-Destor Fault Zone and includes historic assays up to 47.01g/t gold.
1. Acquisition Agreement
Mayfair Gold signed a definitive agreement to purchase three Ontario properties from Plato Gold for C$2.5 million in cash, subject to ministerial approvals and escrowed payments scheduled across property transfers.
2. Guibord Property Details
The Guibord property, spanning 275ha with 16 mining claims and two leases, grants Mayfair a 50% interest less than 5km southeast of the Grey Fox Project, featuring historic drilling assays of 13.7g/t over 1.22m and 47.01g/t over 0.91m.
3. Marriott and Holloway Highlights
The Marriott property adds 2,728ha via 142 mining claims with gold intercepts above 1g/t in three diamond drill holes, while the 156ha Holloway site yielded 52–64g/t gold over 0.3–0.8m intervals in 1987 operations.
4. Strategic Impact
The transaction expands Mayfair’s Fenn-Gib footprint by over 65% along the regionally prolific Porcupine-Destor Fault Zone, enhancing access for potential mine infrastructure and boosting exploration leverage adjacent to proposed operations.