Mayfair Gold Corp. announced that resource drilling has recommenced at the company's 100% controlled Fenn-Gib gold project in the Timmins region of Ontario. Mayfair Gold completed approx.

109,000 meters (m) of infill and expansion drilling in 166 holes up to the end of 2022, intersecting gold mineralization in every hole. With gold mineralization remaining open in most directions, a 30,000m Phase 4 drill program supported by three drill rigs is planned for first half 2023. This will take the global resource drill program to 140,000m.

In parallel with the ongoing resource drilling, Mayfair is planning a further resource update in second quarter 2023, which will be based on assay results from the Phase 1 to 3 (110,000m) drill programs. Subject to continuing success with the Phase 4 drill campaign, a further resource update is expected in third quarter 2023. The company also reported that advanced metallurgical testing is continuing through SGS Mineral Services (SGS). Preliminary metallurgical tests completed in first quarter 2022 reported robust gold recovery results, including flotation recoveries of approximately 94% at a grind size of 75 microns, and whole ore cyanidation recoveries of 84.3% also at a grind size of 75 microns.

In late 2022, SGS conducted flotation rate kinetic tests at varying coarser flotation feed sizes, and in early 2023 undertook concentrate cyanidation tests at varying concentrate regrind sizes to optimize overall recovery from a flotation-cyanidation alternative. The results of these tests will be released during the current quarter. Preliminary results from the North Block IP surveys have so far identified four compelling drill targets.

Once all the IP surveys have been completed, plans for regional exploration drilling will be finalized and announced.