Mayfair Gold Corp. Acquires Guibord, Marriott and Holloway Properties from Plato Gold
Mayfair Gold Corp. has entered into a definitive agreement with Plato Gold Corp. to acquire the Guibord, Marriott, and Holloway properties for C$2.5 million. These properties are located near Mayfair's Fenn-Gib Gold project in Ontario and are situated along the Porcupine-Destor Fault Zone. The acquisition is expected to expand Mayfair's land holdings by over 65% and provide critical land adjacent to the Fenn-Gib project for potential onsite infrastructure. The Guibord property (50% interest) hosts Plato's Silver Fox Project and is contiguous to Fenn-Gib. The Marriott property (100% interest) and Holloway property (100% interest) are early-stage exploration projects within trucking distance of Fenn-Gib. The transaction is subject to customary conditions, including ministerial consent. Mayfair Gold is focused on advancing the Fenn-Gib Gold Project, with a pre-feasibility study outlining potential for a new gold producer. The company aims to begin construction in 2028 with initial production in 2030.