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Wallbridge expands Fenelon Gold System in multiple directions

May 30, 2022

Wallbridge Mining Company Limited (TSX: WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today reports positive assay results from the ongoing drill program at the Company's Fenelon Gold project (“Fenelon”) at its Detour-Fenelon Gold Trend Property in Northwestern Quebec. The results announced today continue to demonstrate significant expansion potential both within and beyond the known footprint of the Fenelon gold deposit as outlined in the 2021 mineral resource estimate (“MRE”).

“The resource expansion drilling completed at Fenelon since the beginning of the year has met our expectations, confirming the potential to add resources in close proximity to the 2021 MRE that can be included in the next resource update,” said Attila Péntek, Wallbridge’s Vice President, Exploration. “Over the coming months, we will continue to focus on areas with the strongest potential to add high-quality gold ounces, which will inform our decisions regarding the optimal mine configuration for Fenelon in upcoming economic studies.” 

Fenelon is located 80 kilometres east of Agnico Eagle’s Detour Lake gold mine at the centre of Wallbridge’s strategic land package, which covers roughly 910 square kilometres of the most prospective ground on the Detour-Fenelon Gold Trend. Thus far, the Company has added near surface mineralization in Area 51 through its 2022 drill program at Fenelon, extending this zone to the southwest. It has also established underground access to Area 51, confirming anticipated grades and continuity at depth. In addition, drilling has extended the Tabasco and Cayenne zones at depth, and identified strong gold mineralization in the Ripley zone, south of the main Fenelon deposit.

Final assay results from 29 drill holes and partial results for three holes of the 2021/2022 Fenelon drill program are reported in the Table and Figures below. All figures and the 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.

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Figure 1. Fenelon, Plan View

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Figure 2. Fenelon, 3D View Looking Northeast  

Tags: Quebec / Exploration / Gold / All Articles