Wallbridge - Broken Hammer
WALLBRIDGE FURTHER EXPANDS HIGH-GRADE DOMAINS OF TABASCO-CAYENNE ZONES AT FENELON
Toronto, Ontario – June 02, 2021 – Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to announce assay results from its current drilling program on the Fenelon Gold Property (“Fenelon” or the “Property”) which continue to expand the high-grade and high metal factor (Au grade multiplied by thickness) gold mineralization in multiple areas.
Drilling is currently focusing on multiple areas within the approximately 1.0 km by 1.2 km central portion of the Fenelon Gold System, to expand and better define the mineralization in support of the maiden mineral resource estimate (“MMRE”) expected to be released before September 30, 2021. In total, over 200,000 metres of drilling for incorporation into the MMRE has been completed to date.
“We are quite pleased that we continue to expand the high metal factor zones outside of the previously-known footprint, as evident in holes FA-21-226-W1-W1 and FA-21-226-W1-W2,” stated Marz Kord, President & CEO of Wallbridge.
Significant results from the Tabasco-Cayenne-Contact Zone definition drilling, released today, include:
- 4.99 g/t Au over 38.10 metres, including 15.81 g/t Au over 8.50 metres in FA-21-226-W1-W2;
- 15.57 g/t Au over 10.80 metres in FA-21-253; and,
- 6.28 g/t Au over 26.00 metres in FA-21-226-W1-W1 (see Figs. 1, 4 and 5);
Marz Kord further said: “Drilling between now and the cut-off date for inclusion in the MMRE will focus on maximizing the MMRE by 1) expanding and in-filling the mineralized envelopes underground in the Area 51, Tabasco, Cayenne and Gabbro zones and 2) continuing to drill as much as possible within the 1.8-kilometre strike of the Area 51 mineralization near surface. We expect the underground portion of the MMRE to be higher-grade bulk-mineable gold mineralization, while the near-surface gold mineralized envelope, which remains open in all directions, will make up an open-pit portion. Both near-surface and deep drilling will continue beyond the MMRE cut-off date as we see significant potential to continue to expand the Fenelon Gold System.”
Tabasco-Cayenne-Contact Zones, Definition Drill Results
Definition and expansion drilling at a nominal 75-metre drill spacing, targeting the Tabasco-Cayenne-Contact Zones over a strike length of approximately 800 metres and vertical depths between 300 and 1,000 metres has been the primary focus of this campaign (see Figs. 1 and 2) to better define the geometry and grade of the zones and gain information on the structural controls of the gold mineralization.
Highlight intersections in the Tabasco-Cayenne-Contact Zones, reported today include:
FA-21-226-W1-W2
4.99 g/t Au over 38.10 metres, including
15.81 g/t Au over 8.50 metres in the Tabasco Zone (see Figs. 1 and 5);
FA-21-253
15.57 g/t Au over 10.80 metres in the Tabasco Zone (see Fig. 1);
Note: Further assay results around this interval are pending
FA-21-226-W1-W1
6.28 g/t Au over 26.00 metres, including
80.72 g/t Au over 1.70 metres in the Tabasco Zone (see Figs. 1 and 4);
FA-21-230
3.10 g/t Au over 37.85 metres, including
7.32 g/t Au over 10.10 metres in the Tabasco Zone (see Figs. 1 and 4);
Area 51 Definition Drill Results
As our drill holes approach Tabasco-Cayenne, they also transect the Area 51 gold vein network, providing crucial information from all of these zones.
Near surface (down to 250 m vertical depth) highlights from Area 51 zones from the holes reported today include:
FA-21-220
1.29 g/t Au over 31.50 metres, including
14.28 g/t Au over 2.20 metres (see Figs. 2 and 4);
Highlight intersections of Area 51 zones from below 250 m vertical depth reported today include:
FA-21-223A
2.14 g/t Au over 26.10 metres, including
6.72 g/t Au over 3.60 metres, and
2.65 g/t Au over 23.95 metres, including
11.90 g/t Au over 1.50 metres, and
3.11 g/t Au over 19.80 metres, including
10.39 g/t Au over 4.00 metres (see Fig. 2);
FA-21-243
2.29 g/t Au over 31.25 metres, including
64.69 g/t Au over 0.60 metres (see Fig. 2 and 3);
Area 51 Expansion Drill Results
In recent months, drilling has also been focusing on expanding the known footprint of near-surface gold mineralization in the western-southwestern portion of Area 51 in order to grow the open pit resource potential.
Today’s results include:
FA-21-237
0.86 g/t Au over 36.60 metres (see Fig. 2);
2020-2021 Drilling Program Update
In 2021, the Company is planning to complete approximately 170,000 metres of drilling, approximately 10-15% of which will be devoted to regional exploration on the Company’s district-scale, underexplored land package on the Detour-Fenelon Gold Trend.
Assay results of 17 drill holes of the 2021 exploration drill program are reported in the Table and Figures below. All figures and a table with drill hole information of recently completed holes are posted on the Company’s website under “Current Program” at https://www.wallbridgemining.com/s/fenelon.asp
Figure 1. Fenelon Gold, Tabasco-Cayenne-Gabbro Zones Long Section
Figure 2. Fenelon Gold, Plan View
Figure 3. Fenelon Gold, Cross Section 9750_E
Figure 4. Fenelon Gold, Cross Section 9975_E
Figure 5. Fenelon Gold, Cross Section 10050_E
About Wallbridge Mining
Wallbridge is currently advancing the exploration and development of its 100%‒owned Fenelon Gold property which is located along the Detour‒Fenelon Gold Trend, an emerging gold belt in northwestern Québec. The Company completed approximately 102,000 metres of drilling in 2020 and has begun a fully‒funded 2021 program of approximately 170,000 metres of drilling and 2,500 metres of underground exploration development (Phase 1 of a 10,000‒metre program). The Company intends to complete a maiden mineral resource on the Fenelon Gold System in the third quarter of 2021.
Wallbridge now holds several kilometres surrounding its rapidly expanding Fenelon discovery providing room for growth, as well as future mine development flexibility. Wallbridge's land holdings in Québec along the Detour‒Fenelon Gold Trend are over 900.0 km2, improving Wallbridge's potential for further discoveries for over 90‒kilometre strike length in this under‒explored belt.
Wallbridge is also the operator of, and a 17.8% shareholder in, Lonmin Canada Inc., a privately‒held company with a portfolio of nickel, copper, and platinum‒group metals (PGM) projects in Ontario's Sudbury Basin.
For further information please visit the Company's website at www.wallbridgemining.com or contact:
Wallbridge Mining Company Limited
Marz Kord, P. Eng., M. Sc., MBA
President & CEO
Tel: (705) 682‒9297 ext. 251
Email: mkord@wallbridgemining.com
Victoria Vargas, B.Sc. (Hon.) Economics, MBA
Investor Relations Advisor
Email: vvargas@wallbridgemining.com
Source: https://wallbridgemining.com/news/wallbridge-further-expands-high-grade-domains-of-tabasco-cayenne-zones-at-fenelon-1/
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Supervisor of core shack , Fénélon Project
• Supervise and assist the team of core geological technicians.
• Make sure the team works and meets health and safety standards.
• Complete work cards, timesheets, daily reports and team schedules.
Project Coordinator, Fenelon Project
The Project Coordinator will report directly to the project manager, he/she will be accountable for contractor coordination/supervision on surface and underground along with safe efficient coordination of activities to support the execution of the Fenelon Project requirements.
Mining Technician , Fénélon Project
• Perform surface and subsurface surveys.
• Draw produce and update development plans.
• Perform underground ventilation surveys.
IT Technician (Support IT), Fénélon Project
The technician IT will report to the Project Manager, the schedule is 4/3.