Wallbridge Extends "Tabasco-style" Gold Mineralization at Fenelon

Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report that ongoing drilling at the Company’s 100%-owned Fenelon gold project (“Fenelon” or the “Project”) has identified additional gold mineralized zones outside of the Project’s current Mineral Resource Estimate (“MRE”). These results will be incorporated into the MRE update and preliminary economic assessment (“PEA”) currently underway at Fenelon.

Attila Péntek, Wallbridge’s Vice President, Exploration, commented:

“Earlier this year, we identified a very favourable environment for gold deposition to the east-southeast of the current Fenelon resource footprint, at vertical depths between 600 metres and 1,000 metres. The intersection, 7.80 g/t Au over 16.0 metres in hole FA-22-411, released today, shows the continuation of high-grade Tabasco-style mineralization in this area, adding to a number of significant intersections already reported in our news release dated July 26, 2022, and underscoring the potential for bulk underground mining zones at Fenelon.”

Highlight Assay Results

Tabasco-Cayenne Corridor (above 200 m vertical depth)

     

FA-22-4104.26 g/t Au over 5.50 metres, including

    15.43 g/t Au over 1.40 metres;

     

Tabasco-Cayenne Corridor (below 200 m vertical depth)

     

FA-22-4117.80 g/t Au over 16.00 metres, including

    44.10 g/t Au over 2.25 metres;

FAM-22-0083.80 g/t Au over 11.20 metres;

FA-22-44511.07 g/t Au over 2.80 metres;

     

Area 51, Near Surface (above 200 m vertical depth)

     

FA-22-4672.38 g/t Au over 16.05 metres, including

    6.95 g/t Au over 3.40 metres, and

    3.95 g/t Au over 3.15 metres;

FA-22-46715.03 g/t Au over 1.50 metres;

FA-22-4361.23 g/t Au over 16.20 metres, including

    1.76 g/t Au over 9.80 metres;

FA-22-4360.66 g/t Au over 24.60 metres, including

    1.14 g/t Au over 11.40 metres;

FA-22-440A1.38 g/t Au over 11.40 metres, including

    15.80 g/t Au over 0.60 metre;

     

Area 51 (below 200 m vertical depth)

     

FAM-22-0082.66 g/t Au over 39.50 metres, including

    22.97 g/t Au over 1.50 metres, and

    42.22 g/t Au over 0.50 metre;

FA-22-42965.70 g/t Au over 0.50 metre;

FA-22-44431.33 g/t Au over 1.00 metre;

FA-22-4443.01 g/t Au over 10.55 metres;

FA-22-44510.46 g/t Au over 1.60 metres, including

    31.55 g/t Au over 0.50 metre;

FAM-22-0081.84 g/t Au over 12.30 metres;

     

Ripley Zone

     

FA-22-4612.90 g/t Au over 10.50 metres, including

    4.92 g/t Au over 3.00 metres, and

    4.72 g/t Au over 3.00 metres;

FA-22-5052.48 g/t Au over 7.10 metres;

  

 

The results from 25 drill holes from 2022, and one hole drilled for geo-mechanical purposes in support of economic studies (FAM- series) are reported in the Table and Figures below. 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://wallbridgemining.com/our-projects/fenelon-gold/.

Fenelon is located within Wallbridge's 910-square-kilometre land package on the Detour-Fenelon Gold Trend, 80 kilometres east of the Detour Lake gold mine.

Figure 1. Detour Fenelon Gold Trend

 

Figure 2. Fenelon Gold, Plan View

 

 

Figure 3. Fenelon Gold, Plan View, 825 metres Vertical Depth

Tags: Quebec / Exploration / Gold / All Articles