Wallbridge announces new Fenelon resource drill results

Wallbridge Mining Company Limited today announced further positive assay results from its resource drill program on the Fenelon Gold Property in Quebec.

The assay results announced today are from drill holes that were part of the Company’s drill program in support of the maiden mineral resource estimate (“MRE”) on the Fenelon Gold System (see Wallbridge press release dated November 9, 2021). The complete results of these drill holes were not received in time for inclusion into the MRE, however, they now provide us with further confidence on the robustness of the resource.

The Company plans to continue with its exploration and underground development program for the balance of this year. Future exploration programs are currently being developed and will be disclosed when available.

“With almost 60% of the mineral resources both at Fenelon and Martiniere being in the indicated category, future drill programs will dominantly focus on significantly growing the mineral resources and enhancing our knowledge of the deposits,” stated Marz Kord, President & CEO of Wallbridge. “We are also progressing well with various studies, such as metallurgical test work and geotechnical work in support of an economic study.” 

Drill hole intersections that are located within indicated or inferred blocks of the November 2021 MRE are reported as “in-fill drill results,” while intercepts outside of those blocks are reported as “expansion drill results”.

Resource In-fill Drill Results 

Highlight in-fill intersections since our last news release from this program include:

 FA-21-266 2.30 g/t Au over 19.55 metres in Area 51, and
 

   1.71 g/t Au over 35.55 metres, including
 

     4.73 g/t Au over 5.40 metres in the Tabasco Zone; 

 

 FA-21-266-W4  3.84 g/t Au over 21.15 metres, including 

    26.25 g/t Au over 1.50 metres, and 

    5.60 g/t Au over 5.60 metres in the Tabasco Zone; 

 

 FA-21-279 8.94 g/t Au over 4.00 metres, including  

    26.59 g/t Au over 1.30 metres, and 

   2.50 g/t Au over 16.10 metres, including  

    3.16 g/t Au over 12.20 metres in the Contact Zone, and 

   5.18 g/t Au over 8.00 metres, including  

    29.48 g/t Au over 1.10 metres in the Tabasco Zone; 

 

 FA-21-283B 10.98 g/t Au over 8.40 metres, including 

    29.95 g/t Au over 3.00 metres, and 

   1.22 g/t Au over 23.25 metres in the Contact Zone; 

 

 FA-21-284 3.66 g/t Au over 7.95 metres in the Contact Zone; 

      

 FA-21-285 1.04 g/t Au over 43.90 metres in the Contact Zone; 

      

 FA-21-289 3.13 g/t Au over 11.00 metres, including 

    5.23 g/t Au over 5.70 metres, and 

   2.07 g/t Au over 35.00 metres, including 

    9.37 g/t Au over 5.60 metres in Area 51. 

Resource Expansion Drill Results 

Highlight expansion intersections since our last news release from this program include:

 FA-21-296 0.55 g/t Au over 47.40 metres, including 

    4.84 g/t Au over 3.00 metres in Area 51. 

Assay results from 26 drill holes of the 2021 Fenelon 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, Plan View
https://www.globenewswire.com/NewsRoom/AttachmentNg/5146b0ba-65aa-4cb0-8d02-2a5b19e58c8c

Figure 2. Fenelon Gold, Long Section
https://www.globenewswire.com/NewsRoom/AttachmentNg/6a01649d-a573-4ec7-9b48-e1f65801806c

Tags: Quebec / Exploration / Gold / All Articles