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Fenelon Gold System size potential "greatly" expanded by Wallbridge

Sep 8, 2020

More impressive news out of Quebec's Fenelon district. Wallbridge Mining Company Limited today report that initial drilling on the new ground acquired through its recent acquisition of Balmoral Resources Ltd. has greatly expanded the ultimate size potential of the Fenelon Gold System.

“The new, greatly expanded, footprint of the Fenelon Gold System, together with our ongoing infill and step-out drilling program on the original Area 51, Tabasco and Cayenne areas, dictate that we need to consider a significant increase and acceleration of our drilling program to define the full potential of what is rapidly becoming a very large system with multi-million ounce resource potential,” stated Marz Kord, President and CEO of Wallbridge. “In the coming weeks we will continue to outline the potential of this gold system by also exploring the virtually untested extensions of the Tabasco-Cayenne Zones toward the southeast.”

Recent drilling has extended gold mineralization 500 metres to the west and 850 metres to the south of Area 51. This greatly expands the ultimate potential size of the Area 51 vein network gold mineralization on Wallbridge’s 100%-owned Fenelon Gold Property (“Fenelon” or the “Property”). The Area 51 vein network, along with the Tabasco, Cayenne and Gabbro Zones, form parts of a large gold system (“Fenelon Gold System”) located within and adjacent to the Jeremie Diorite, which has now been traced for over 1.8 kilometres.


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