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Stock impact report

Mayfair Gold Announces Acquisition of the Guibord, Marriott and Holloway Properties from Plato Gold [Yahoo! Finance]

Mayfair Gold Corp. (MINE) 
NASDAQ:AMEX Investor Relations: investorshub.advfn.com/minerco-inc-mine-17939
Company Research Source: Yahoo! Finance
to announce that it has entered into a definitive agreement (the " Acquisition Agreement ") with Plato Gold Corp. (" Plato ") to acquire Plato's interests in the Guibord, Marriott and Holloway properties (the " Properties ") for C$2.5 million in cash. The properties are in close proximity to Mayfair's Fenn-Gib Gold project ( "Fenn-Gib" or the "Project" ) east of Timmins, Ontario. The transaction provides Mayfair with three exploration properties that overlay the regionally important Porcupine-Destor Fault Zone ("PDFZ") and provides critical land adjacent to the Project to the southwest to support potential onsite infrastructure. Mayfair Gold Corp Logo (CNW Group/Mayfair Gold Corp.) Mayfair has a clearly defined path to permit and advance a new mine into production at Fenn-Gib. Mayfair also sees substantial potential to enhance the project economics and production profile of Fenn-Gib through near site exploration. Exploration leverage gives Mayfair an additional lever to create val Show less Read more
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