Mayfair Gold to acquire three properties from Plato
Mayfair Gold expands its land holdings significantly.
Mayfair Gold has finalized a deal to acquire three properties from Plato Gold for C$2.5 million, enhancing its strategic position near the Fenn-Gib Gold Project in Ontario. The Guibord, Marriott, and Holloway properties are located close to the Porcupine-Destor Fault Zone, which is known for significant gold production, and will provide Mayfair with critical access for future infrastructure development and exploration.
Key Takeaways
- 1.
Mayfair Gold will pay C$2.5 million ($1.79 million) for the properties.
- 2.
The acquisition increases Mayfair's land holdings near the Fenn-Gib Gold Project by over 65%.
- 3.
Historic drilling on the Guibord property revealed gold mineralization of 13.7g/t over 1.22m.
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