Wallbridge - Broken Hammer
WALLBRIDGE INTERSECTS 17.79 G/T AU OVER 16.40 METRES IN NEWLY DISCOVERED EASTERN EXTENSION OF THE GABBRO ZONES
Toronto, Ontario – April 29, 2021 – Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to announce results from its exploration drill program at the Fenelon Gold Property (“Fenelon” or the “Property”), with an intersection of 17.79 g/t Au over 16.40 metres, including 76.98 g/t Au over 3.30 metres in a newly discovered Eastern extension of the Gabbro Zones. This high-grade zone is located approximately 140 metres along strike to the east of, and 175 metres vertically below, the known part of the Gabbro Zones where Wallbridge completed a 33,500-tonne underground bulk sample in 2019 with an average grade of 18.49 grams per tonne gold. The mineralization is open for expansion with very few historic drill holes in the area.
“We are very excited about this new high-grade discovery hosted within the Main Gabbro, 140 metres away from the known Gabbro Zones,” stated Attila Péntek, Vice President Exploration of Wallbridge. “This eastern extension of the Main Gabbro, one of the important host rocks at Fenelon, has seen very limited drilling in the past only with shallow 100-200-metre holes. This intersection is still close to surface, at a vertical depth of 300 metres, and is open in all directions.”
Fenelon Gold System, Exploration Drill Results
Assay results of five exploration drill holes are being reported today. These holes tested the geology and extensions of known host rocks and mineralized trends several hundred metres away from the central part of the known Fenelon Gold System where definition drilling is underway in preparation for the maiden 2021 mineral resource estimate.
Highlight intersections from the holes reported today include:
FA-20-219 17.79 g/t Au over 16.40 metres, , including
76.98 g/t Au over 3.30 metres, and
6.65 g/t Au over 5.30 metres (see Figs. 1 and 2);
The new high-grade zone discovered in hole FA-20-219 consists of sulfide-rich silicified shear zones, similar to those typical of the Gabbro Zones, however instead of chalcopyrite and pyrrhotite being the dominant minerals, there is abundant pyrite, arsenopyrite and sphalerite. The orientation of the zones appears to be similar to that of the Tabasco-Cayenne and Gabbro Zones, striking WNW-ESE. Follow-up holes are planned to determine the significance and extent of this new gold mineralized zone.
2020-2021 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 is anticipated in the third quarter of 2021 (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. In the coming months, six 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 may be devoted to Fenelon resource expansion, and 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-Cayenne-Gabbro Zones Long Section
Figure 2. Fenelon Gold, Plan View
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 4,800 metres of underground exploration development (Phase 1 of a 10,000-metre two-year 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.
Source: https://wallbridgemining.com/news/wallbridge-intersects-17.79-g-t-au-over-16.40-metres-in-newly-discovered-eastern-extension-of-the-gabbro-zones/
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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.