Wallbridge - Broken Hammer
WALLBRIDGE EXTENDS EASTERN DOMAIN OF TABASCO-CAYENNE ZONES AT DEPTH WITH NEW WIDE INTERSECTION
Toronto, Ontario – March 22, 2021 – Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to announce a significant wide intersection from a newly-discovered depth extension of the Tabasco-Cayenne Zones at the Fenelon Gold Property (“Fenelon” or the “Property”), expanding strong gold mineralization to a vertical depth of 1,000 metres. Drill hole FA-20-203 intersected 3.71 g/t Au over 42.50 metres, including 6.11 g/t Au over 19.50 metres in the recently discovered eastern high metal factor (grade multiplied by core length) domain of the Tabasco-Cayenne zones (see Wallbridge Press Release dated February 17, 2021), approximately 100 metres below a previous intersection of 4.16 g/t Au over 35.55 metres in hole FA-19-099.
Fenelon Gold System, Tabasco-Cayenne Expansion Drill Results
Highlight intersections from the expansion drilling in the Tabasco-Cayenne Zones include:
FA-20-203 3.71 g/t Au over 42.50 metres in the Tabasco Zones, including
6.11 g/t Au over 19.50 metres, and
2.95 g/t Au over 11.00 metres in the Tabasco Zones:
6.04 g/t Au over 4.70 metres in the Cayenne Zone (see Figs. 1 and 3);
“This newly discovered eastern portion of the Tabasco-Cayenne Zones is showing similar characteristics to the western high metal factor domain, with tens of metres of wide intersections in the 3 to 5 g/t gold range with higher-grade subintervals of several metres in width,” stated Attila Péntek, Vice President Exploration of Wallbridge. “While it is still early days in the understanding and definition of this new, eastern domain, we are certainly encouraged by the potential for expansion of this portion of the Tabasco-Cayenne Zones.”
Additionally, drill hole FA-21-223A was just completed with assays pending. This hole is approximately 150 metres to the east of hole FA-20-203 (see Fig. 1) and has intersected strong sulfide mineralization within the Main Gabbro, along the edge of the Jeremie Diorite, thereby demonstrating further significant expansion potential in this eastern portion of the Tabasco-Cayenne zones. Follow-up drilling is planned in this eastern high metal factor domain in order to be included in the maiden mineral resource estimate targeted for Q3 2021.
2021 Drilling Program Update
In 2021, the Company is planning to complete approximately 170,000 metres of drilling with a maiden mineral resource estimate at Fenelon anticipated in the third quarter (see Wallbridge Press Release dated January 11, 2021). Approximately 10-15% of the drilling program will be devoted to regional exploration on the Company’s district-scale, underexplored land package on the Detour-Fenelon Gold Trend.
Currently, the Company has eight drill rigs operating at Fenelon and is planning to add a ninth rig this week. In the coming months, seven drill rigs will be targeting the Fenelon Gold System (Tabasco-Cayenne-Area 51 mineralization) to approximately 1,000 metres vertical depth, carrying out a combination of definition and expansion drilling at a nominal 75-metre drill spacing. Two drill rigs have been focusing on near-surface, open pit resource drilling in the western portion of Area 51. Additional drills will be devoted to regional, grassroots exploration at various projects on the Company’s 900 km2 Detour-Fenelon Gold Trend land package later in the year.
Figure 1. Fenelon Gold, Tabasco Long Section
Figure 2. Fenelon Gold, Plan View
Figure 3. Fenelon Gold, Cross Section 10250_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 170,000-metre drill program and the 2021 portion (4,800 metres) of a 10,000-metre, two-year underground exploration development program in 2021. 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 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.
Source: https://wallbridgemining.com/news/wallbridge-extends-eastern-domain-of-tabasco-cayenne-zones-0322/
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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.