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Wallbridge continues to define and expand Area 51 mineralization at Fenelon

Oct 14, 2020

More gold and further west. Wallbridge Mining is reporting continuing positive drill results from Area 51 on Wallbridge’s 100%-owned Fenelon Gold Property. “Our systematic step-out drilling is now revealing strong Area 51-style mineralization continuing to the west on the new drill section 9750E,” said Attila Péntek, Vice President, Exploration of Wallbridge. “The mineralization is wide open to the west towards the intersection in FA-20-160 approximately 400 metres away. Similarly, the intersection of the newly discovered Hubble zone on section 10425E provides continuity in the southeast and a possible connection to the Area 51 mineralization recently discovered all the way to the Sunday Lake Deformation Zone.” 

Results of the 75-metre step-out drilling have further extended the Area 51 gold zones to the west and southeast, while in-fill drilling continues to define the distribution of gold mineralization consisting of numerous narrow, high grade veins within vein network zones tens of metres in width.

Highlight intersections from step-out drilling to the west on Section 9750E (see Figs. 1 and 2) include: 

  • 2.62 g/t Au over 25.00 metres, including 
         12.48 g/t Au over 4.80 metres in FA-20-167
  • 5.02 g/t Au over 7.45 metres, including
         9.73 g/t Au over 3.50 metres in FA-20-171
  • 1.81 g/t Au over 55.00 metres, including
         3.73 g/t Au over 7.60 metres and
         24.91 g/t Au over 2.00 metres also in FA-20-171

Additional assay results from FA-20-160, an exploration hole drilled 400 metres west of section 9750E (previously reported as 106 g/t Au over 0.60 metres in Wallbridge Press Release dated Sept 08, 2020), now confirm a total intersection of 13.03 g/t Au over 5.35 metres, including the 106 g/t Au over 0.60 metres reported previously (see Fig. 1).

Highlight intersections from step-out drilling to the east on Section 10425E (see Figs. 1 and 9) include: 

  • 1.13 g/t Au over 43.50 metres, including
    27.08 g/t Au over 1.00 metres in FA-20-146
  • 2.45 g/t Au over 11.35 metres, including
    4.60 g/t Au over 4.55 metres in the newly discovered Area 51 Hubble Zone in FA-20-153

Highlight intersections from in-fill and expansion drilling on Sections 9900E to 10350E include:

  • 1.53 g/t Au over 120.50 metres, including
    3.49 g/t Au over 24.00 metres, which includes 9.35 g/t Au over 5.00 metres, and
         2.45 g/t Au over 21.50 metres in FA-20-159-W1 (see Figs. 1 and 6)
  • 1.43 g/t Au over 37.45 metres, including
    47.70 g/t Au over 0.60 metres in FA-20-140 (see Figs. 1 and 7)
  • 1.44 g/t Au over 27.30 metres, including
    8.13 g/t Au over 3.85 metres in FA-20-138 (see Figs. 1 and 5)
  • 4.40 g/t Au over 9.15 metres, including
    25.6 g/t Au over 0.65 metres in FA-20-154 (see Figs. 1 and 4)
  • 10.03 g/t Au over 3.00 metres, including
    16.6 g/t Au over 1.50 metres in FA-20-152 (see Figs. 1 and 3)

“Our infill drilling in Area 51 continues to show the characteristics of potentially bulk mineable mineralization over large widths with the optionality of selective mining of higher grades from some of the zones,” stated Marz Kord, President and CEO of Wallbridge. “Further infill drilling will increase our understanding of the high-grade domains within the larger mineralized intervals, as we work toward a maiden resource estimate for the Fenelon gold system.”

2020 Drilling Program Update

To September 30, 2020 approximately 75,000 metres of the planned fully-funded 100,000-metre 2020 drilling program have been completed.  Currently, five of six drill rigs are focusing on expanding the Tabasco-Cayenne-Area 51 mineralization on the original Fenelon Gold Property, carrying out a combination of 50-100-metre step-outs and tighter-spaced in-fill drilling. The sixth drill rig is active on exploring the connection of the Tabasco-Cayenne-Area 51 gold system to the Ripley-Reaper Area and the Sunday Lake Deformation Zone. Consideration has been given to increase the scope and size of the planned 2020 and 2021 drilling programs to be able to fully assess the ultimate size potential of what is a rapidly growing gold system (see Wallbridge Press Release dated Oct 13, 2020).

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