11:12 AM EST, 11/10/2025 (MT Newswires) -- Mayfair Gold ( MFGCF ) was at last look up 6.1% on Monday after it provided an update on the 2025 Mineral Resource Drilling Program, Geotechnical Site Investigations for the tailing storage facility and a progress update on the Pre-Feasibility Study (PFS) work.

The company said that the Pre-Feasibility Study is on track for completion in the fourth quarter of 2025. It said the mine plan will focus on near-surface high-grade zones within the open pit to maximize feed grade to the proposed on-site processing facility and optimize early-stage cash flow.

Mayfair has also initiated a tightly spaced diamond drilling program within the planned starter pit to further support mine design and optimize future mining operations. The drilling is designed to confirm and delineate near-surface high-grade mineralization expected to be mined and processed during the early years of operation.

"The tailings storage facility and broader site investigations are critical to de-risking the Fenn-Gib Project," said Mayfair Gold ( MFGCF ) Chief Operating Officer Drew Anwyll. "A thorough understanding of the material properties of the overburden and underfoot conditions will lead to improved foundation and building designs and significantly enhances execution confidence. This phase is often undervalued and overlooked, yet it plays a significant role in setting projects up for success."

Shares of the company were last seen up $0.12 at $2.08 on the TSX Venture Exchange.

Price: 2.08, Change: +0.12, Percent Change: +6.12