11:14 AM EDT, 10/14/2025 (MT Newswires) -- Mayfair Gold ( MFGCF ) announced Tuesday that it has filed a technical report for the Fenn-Gib Gold Project located in the Timmins Gold District in Northeastern Ontario.

A statement noted the prior technical report for the project was filed July 26, 2023, with an effective date of April 6, 2023. The effective date of this updated mineral resource estimate is Sept. 3, 2024. The assay cut-off date for drill holes included in the mineral resource was April 30, 2024.

MFG said the gold price in this updated technical report was increased from US$1,765/oz Au to $2,000/oz Au. It said all other costs and recoveries are unchanged.

The company said the increase in metal price resulted in lowering the cut-off grade from 0.4 g/t Au to 0.3 g/t Au and increased the footprint of the resource pit shell. This new technical report adds further detail relating to the Mineral Processing and Metallurgical Testing completed to date as follow-on from the news release dated May 27.

Shares of the company were last seen up 1% at $1.99 on the TSX Venture Exchange.

Price: 1.99, Change: +0.02, Percent Change: +1.02