Mayfair Gold Corp. (NYSE American: MINE) announced the initiation of a regional exploration program across its Timmins camp land package following recent property acquisitions. The program targets the Porcupine-Destor Fault Zone, a gold-bearing structural corridor in the Abitibi Greenstone Belt.

The company acquired the Guibord, Marriott, and Holloway properties to complement its Fenn-Gib Gold Project, which contains a 4.3 million ounce indicated mineral resource at an average grade of 0.74 g/t gold. Mayfair released a positive Pre-Feasibility Study for Fenn-Gib in January 2026.

Recent drilling on the South Block confirmed structurally controlled gold mineralization, including intervals exceeding 5 g/t gold. The 2024 program comprised 13 diamond drill holes totaling approximately 3,400 meters across multiple targets. Notable results included 12.7 g/t gold over 0.5 meters in hole FGS-24-004 and 15.0 meters at 0.82 g/t gold in hole FGS-24-001.

The South Block covers 1,491 hectares and 6.4 kilometers of strike length along the fault zone, positioned between McEwen Mining's Fox Complex and STLLR Gold's Tower Gold Project. Historical exploration at other targets returned grab samples up to 42.0 g/t gold at American Eagle and drilling intersections including 4.47 g/t gold over 13.2 meters at the G-101 target.

Mayfair plans a phased approach including field mapping, structural interpretation, surface geochemical sampling, and potential geophysical surveys. The company expects exploration activities to continue throughout 2026 while advancing Fenn-Gib toward production through provincial permitting.

The 2026 Pre-Feasibility Study outlined initial development capital of C$450 million for Fenn-Gib, with a base-case payback period of 2.7 years and cumulative free cash flow of US$896 million over the first six years based on US$3,100 per ounce gold.