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Wallbridge expansion drilling on western edge of Area 51 intersects wide zones of strong gold mineralization at shallow depths

Dec 10, 2020

“We are very pleased with the results of our first few systematic drill holes testing the western extensions of the Area 51 gold zones beyond section 9825_E, where we had already outlined strong gold mineralization extending from near surface down to 750 metres vertical depth. In addition, the intersections in the in-fill drill hole FA-20-185 on section 9975_E provide further evidence of strong, near surface gold mineralization in the western part of our known gold system, which is wide open for expansion,” stated Attila Péntek, Vice President Exploration of Wallbridge. “The results announced today line up well with previously announced intersections in this area and together really demonstrate the growing open pit resource potential especially in this western part of Area 51, which will be one of our focus areas for expansion and resource drilling in the first half of 2021.”

Wallbridge Mining Company Limited has announced new assay results from the expansion drilling on the western edge of Area 51 on its 100% owned Fenelon Gold Property. Wide zones of strong gold mineralization were intersected at shallow depths, with highlight intersections including:

  • 5.95 g/t Au over 20.45 metres, and 1.05 g/t Au over 40.95 metres between 60 and 140 metres below surface in drill hole FA-20-185 on section 9975_E (see Figs. 12 and 4),
  • 1.24 g/t Au over 74.40 metres between 80 and 140 metres below surface in drill hole FA-20-186 on section 9750_E (see Figs. 12 and 3).


Fenelon Gold System Expansion Drilling

The Company’s systematic drill program testing the western and northwestern extensions of the Area 51 vein network have been successful in identifying strong mineralization on section 9750_E (see initial results announced in Wallbridge Press Release dated October 14, 2020) and now also on sections 9675_E and 9600_E which all remain open and untested toward the previously released intersections of 13.03 g/t Au over 5.35 metres in drill hole FA-20-160, and 83.18 g/t Au over 0.51 metres in hole FA-19-089, located several hundred metres along strike.

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