09:08 AM EDT, 04/03/2025 (MT Newswires) -- Mayfair Gold ( MFGCF ) said Thursday that it aims to complete a prefeasibility study for the Fenn-Gib gold project in Ontario at the end of the year.

The company said its 2025 advancement program is focused on preparations for the start of the Ontario provincial environmental approvals process and permitting activities. Mayfair is also advancing a prefeasibility study for a 4,800-tonne-per-day open pit development scenario for Fenn-Gib.

The advancement program includes metallurgical test work, environmental baseline data review, community engagement, selection of pre-feasibility consultants and site investigation works.

"The 2025 work program is designed to support the provincial permitting process and ensure that the design and execution of the development adheres to high environmental standards," CEO Nick Campbell said. "With the proper planning and discipline, Mayfair is preparing to begin the Ontario provincial environmental assessment process in 2025."

Mayfair's share price rose 4.2% on Wednesday to $1.75 on the TSXV.