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Another huge high grade section for Wallbridge at Fenelon's Tabasco

Jan 13, 2021

Wallbridge Mining Company Limited is pleased to announce the remaining assay results from the five wedge cuts drilled around FA-19-086 that continue to delineate the high metal factor (grade multiplied by core length) domains in Tabasco-Cayenne shear zones. As expected, the results of the FA-19-086 wedge cuts confirm a wide shear zone with good geological continuity and highly variable gold grades. The average grade and width for the original hole and the five wedge cuts, which tested a 75 by 75 metre area surrounding the original hole at approximately 25-40 metre spacing.

9.26 Au g/t (8.22 Au g/t cut) over 31.34 metres

Note: Drill hole composites reported as "cut" contain higher grade samples that have been cut to 140 g/t Au. 

“Highly variable grade is a characteristic of these types of gold deposits and we expected a wide range of grades in these wedge-cuts. What is most important from a mining point of view is the geological continuity of the structure and the average grade of the zone,” stated Attila Péntek, Vice President Exploration of Wallbridge.

The five wedge cuts completed around hole FA-19-086 show good geological continuities with consistent shear zone thicknesses of greater than 20 metres core length, four of the six intersections being above 3.0 g/t Au, and overall average of 9.26 g/t Au over 31.34 metres. We continue to de-risk the project with tightly spaced wedge drilling in other selected areas as outlined in Figure 1, while we also complete in-fill drilling at larger (50-60 m) spacings elsewhere within our large Tabasco-Cayenne shear system.”

Similar wedge drilling programs have been completed, with assays pending, to test the continuity in other high metal factor domains within the Tabasco-Cayenne shear zones.

In-fill drilling to a 50-60 metre nominal spacing continues to outline the high-grade core of the Tabasco-Cayenne shear system which forms part of the larger shear corridor and has thus far been drilled over a strike length of 800 metres to a vertical depth of 1,000 metres. The high “metal factor” domain is characterized by intersections of good gold grades over significant widths, consistently measured in the tens of metres, as highlighted also by the recent intersection of 5.07 g/t Au over 100.60 metres in hole FA-20-181 (see Wallbridge Press Release dated November 19, 2020).

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