Wallbridge delivers more impressive results from Fenelon
Wallbridge Mining Company Limited is pleased to report today the first assay results received since the resumption of activities after the suspension of work due to COVID-19, and provide an update of the ongoing, fully-funded 80,000-100,000 metre 2020 drill program at its 100%-owned Fenelon Gold Property.
“We are excited to have ramped up the drilling program to six drill rigs again and thank all the employees, service providers and local communities for working together to safely execute our exploration activities in these challenging times amidst the COVID-19 pandemic,” stated Attila Péntek, Vice President Exploration of Wallbridge. “In addition to continuing our expansion and in-fill drilling in the Tabasco-Cayenne-Area 51 gold system, we are very pleased with the first results of our near surface in-fill drill program testing the Titan and Andromeda zones in Area 51. With several potentially bulk mineable zones showing good continuities near surface, as seen in figures 3 and 4 of this release, an open pit component to a future resource is starting to become more and more tangible. With approximately 15,000 metres of drilling completed since the resumption of drilling activities, the assay labs are again processing a pipeline of our samples and we are looking forward to a steady flow of assay results.”
2020 Drilling Program Update
As announced previously, exploration activities at Fenelon were temporarily suspended from March 23 to Mid-May, 2020 due to COVID-19. The program has been gradually restarted in close consultation with the local communities ensuring the safety of all stakeholders.
Currently, four of six drill rigs are focusing on expanding the Tabasco-Cayenne-Area 51 mineralization on the original Fenelon Gold Property, doing a combination of 50-100-metre step-outs and tighter-spaced in-fill drilling. The Company estimates approximately 80,000 metres of drilling will be completed as part of this program by year-end, with 35,000 metres completed to date.
The other two drill rigs are active on the newly-acquired portion of the Fenelon Gold Property to follow-up on the Reaper and Ripley gold discoveries made in 2019 and 2020 by the Balmoral Resources Ltd. (“Balmoral”) exploration team and to test the extensions of the Tabasco-Cayenne-Area 51 gold system onto this adjacent ground. Wallbridge is planning to complete approximately 20,000 metres of drilling in 2020 on the new ground acquired from Balmoral, with over 3,000 metres completed to date.
Assay results of 11 surface holes as well as 13 underground holes of the 2020 exploration drill program are reported in the Tables and Figures below. All figures and a table with drill hole information of recently completed holes can be found at https://www.wallbridgemining.com/s/fenelon.asp.
Figure 1. Fenelon Gold, Main Gabbro Longitudinal Section
https://www.globenewswire.com/NewsRoom/AttachmentNg/fe2a2041-3df5-4c96-8d05-6cb83cf6e41d
Figure 2. Fenelon Gold, Tabasco Shear System Longitudinal Section
https://www.globenewswire.com/NewsRoom/AttachmentNg/b22f3abc-6209-4d86-9af2-7f07763dcd62
Figure 3. Fenelon Gold, Cross Section 9975_E
https://www.globenewswire.com/NewsRoom/AttachmentNg/743f0c81-cca9-43ed-96b0-c6b32c413525
Figure 4. Fenelon Gold, Cross Section 10050_E
https://www.globenewswire.com/NewsRoom/AttachmentNg/f7d0e8f8-49bf-4d24-818a-ffd5017b9a61
Tags: Quebec / Exploration / Gold / All Articles