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Wallbridge expands Tabasco-Cayenne highgrade zones at Fenelon

Jun 2, 2021

“We are quite pleased that we continue to expand the high metal factor zones outside of the previously-known footprint, as evident in holes FA-21-226-W1-W1 and FA-21-226-W1-W2,” said Marz Kord, President & CEO of Wallbridge.

Wallbridge Mining Company Limited has announced assay results from its drilling program on the Fenelon Gold Property which continue to expand the high-grade and high metal factor gold mineralization in multiple areas.

Drilling is currently focusing on multiple areas within the approximately 1.0 km by 1.2 km central portion of the Fenelon Gold System, to expand and better define the mineralization in support of the maiden mineral resource estimate (“MMRE”) expected to be released before September 30, 2021. In total, over 200,000 metres of drilling for incorporation into the MMRE has been completed to date.

Significant results from the Tabasco-Cayenne-Contact Zone definition drilling, released today, include:

  • 4.99 g/t Au over 38.10 metres, including 15.81 g/t Au over 8.50 metres in FA-21-226-W1-W2;
  • 15.57 g/t Au over 10.80 metres in FA-21-253; and,
  • 6.28 g/t Au over 26.00 metres in FA-21-226-W1-W1 (see Figs. 14 and 5);

Marz Kord further said: “Drilling between now and the cut-off date for inclusion in the MMRE will focus on maximizing the MMRE by 1) expanding and in-filling the mineralized envelopes underground in the Area 51, Tabasco, Cayenne and Gabbro zones and 2) continuing to drill as much as possible within the 1.8-kilometre strike of the Area 51 mineralization near surface. We expect the underground portion of the MMRE to be higher-grade bulk-mineable gold mineralization, while the near-surface gold mineralized envelope, which remains open in all directions, will make up an open-pit portion. Both near-surface and deep drilling will continue beyond the MMRE cut-off date as we see significant potential to continue to expand the Fenelon Gold System.” 

Tabasco-Cayenne-Contact Zones, Definition Drill Results 

Definition and expansion drilling at a nominal 75-metre drill spacing, targeting the Tabasco-Cayenne-Contact Zones over a strike length of approximately 800 metres and vertical depths between 300 and 1,000 metres has been the primary focus of this campaign (see Figs. 1 and 2) to better define the geometry and grade of the zones and gain information on the structural controls of the gold mineralization.

Highlight intersections in the Tabasco-Cayenne-Contact Zones, reported today include:

FA-21-226-W1-W2 4.99 g/t Au over 38.10 metres, including

  15.81 g/t Au over 8.50 metres in the Tabasco Zone (see Figs. 1 and 5);


FA-21-253 15.57 g/t Au over 10.80 metres in the Tabasco Zone (see Fig. 1);

  Note: Further assay results around this interval are pending


FA-21-226-W1-W1 6.28 g/t Au over 26.00 metres, including

  80.72 g/t Au over 1.70 metres in the Tabasco Zone (see Figs. 1 and 4);


FA-21-230 3.10 g/t Au over 37.85 metres, including

  7.32 g/t Au over 10.10 metres in the Tabasco Zone (see Figs. 1 and 4);

Area 51 Definition Drill Results

As our drill holes approach Tabasco-Cayenne, they also transect the Area 51 gold vein network, providing crucial information from all of these zones.

Near surface (down to 250 m vertical depth) highlights from Area 51 zones from the holes reported today include:            

FA-21-220 1.29 g/t Au over 31.50 metres, including

  14.28 g/t Au over 2.20 metres (see Figs. 2 and 4);

Highlight intersections of Area 51 zones from below 250 m vertical depth reported today include:                 

FA-21-223A 2.14 g/t Au over 26.10 metres, including

  6.72 g/t Au over 3.60 metres, and

  2.65 g/t Au over 23.95 metres, including

  11.90 g/t Au over 1.50 metres, and

  3.11 g/t Au over 19.80 metres, including

  10.39 g/t Au over 4.00 metres (see Fig. 2);


FA-21-243 2.29 g/t Au over 31.25 metres, including

  64.69 g/t Au over 0.60 metres (see Fig. 2 and 3);

Area 51 Expansion Drill Results 

In recent months, drilling has also been focusing on expanding the known footprint of near-surface gold mineralization in the western-southwestern portion of Area 51 in order to grow the open pit resource potential.

Today’s results include:

FA-21-237 0.86 g/t Au over 36.60 metres (see Fig. 2);

2020-2021 Drilling Program Update

In 2021, the Company is planning to complete approximately 170,000 metres of drilling, approximately 10-15% of which will be devoted to regional exploration on the Company’s district-scale, underexplored land package on the Detour-Fenelon Gold Trend.

Assay results of 17 drill holes of the 2021 exploration drill program are reported in the Table and Figuresbelow. 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, Tabasco-Cayenne-Gabbro Zones Long Section

Figure 2. Fenelon Gold, Plan View

Figure 3. Fenelon Gold, Cross Section 9750_E

Figure 4. Fenelon Gold, Cross Section 9975_E

Figure 5. Fenelon Gold, Cross Section 10050_E

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