Wallbridge identifies new gold mineralization at Fenelon, expands Area 51 southwest

“Today’s results include additional high-quality gold intercepts inside the 2021 mineral resource estimate (“MRE”) footprint, demonstrating the potential to continue growing the size and quality of Fenelon’s existing gold resource. A good example of this is drill hole FA-22-405, which identified a previously unknown area of near-surface mineralization in the Tabasco zone, including one intercept of 4.89 g/t Au over 11.00 metres” said Attila Péntek, Wallbridge’s Vice President, Exploration. “The continuity of the deposit was reinforced through results such as drill hole FA-20-159-W6, which included 1.73 g/t Au over 67.70 metres. Several intersections reported today also demonstrate that there is strong potential to expand the resource laterally, while the exploration drill holes have provided important information about the geology surrounding the known deposit, as we look to identify satellite deposits and new mineralized zones.” 

Wallbridge today reported positive assay results from the ongoing drill program at the Fenelon gold project (“Fenelon”), including newly identified areas of mineralization within and surrounding the existing resource footprint on the Company’s Detour-Fenelon Gold Trend Property in Northwestern Quebec.

Fenelon Resource Drilling 

Within 2021 MRE footprint

One of the primary objectives of the Company’s 2022 Fenelon drill program, as outlined in Wallbridge’s News Release dated January 10, 2022 is to delineate additional resources within the known footprint of the deposit to support future economic studies and an updated resource estimate for 2023. The Company has two to three drill rigs allocated to this program. Recent highlight intersections from this program include: 

 FA-20-159-W6 1.73 g/t Au over 67.70 metres, including

  2.64 g/t Au over 12.00 metres, and

  7.33 g/t Au over 6.75 metres in the Area 51 zone;

   

  49.07 g/t Au over 1.00 metre,

  2.71 g/t Au over 12.40 metres, and

  22.83 g/t Au over 2.05 metres in the Tabasco-Cayenne zones.

   

 FA-22-4054.89 g/t Au over 11.00 metres, including

  21.87 g/t Au over 2.00 metres in the Tabasco Zone, at a shallow vertical 
depth of only 60 metres in a previously unknown area of mineralization.

Lateral expansion from 2021 MRE

The current drill program is also focusing on expanding the resource laterally, in directions where the mineralization is open. Data from this drilling will support future economic studies in determining the optimal mining configuration of the project. The Company has three to four drill rigs allocated to this program and recent highlight intersections include: 

 FA-21-3795.21 g/t Au over 5.00 metres, including

  38.00 g/t Au over 0.60 metres, in Area 51, 100 metres southwest of 2021 
MRE.

   

 FA-21-38244.41 g/t Au over 0.50 metres in Area 51, 200 metres southwest of 2021 
MRE.

   

 FA-21-3900.51 g/t Au over 206.60 metres, including

  1.15 g/t Au over 9.50 metres, and

  2.11 g/t Au over 6.80 metres, and

  2.33 g/t Au over 5.40 metres in the Ripley Zone, 1.2 kilometres south of 
2021 MRE.

   

 FA-21-3840.54 g/t Au over 40.50 metres, including

  1.23 g/t Au over 6.50 metres in the Ripley Zone, 1.0 kilometre south of 
2021 MRE.

Fenelon Exploration Drilling

As part of the ongoing drill program, Wallbridge completed exploration drilling in late 2021 to gain a better understanding of the geology surrounding the known Fenelon deposit and to find suitable geologic environments that can host new gold zones and satellite deposits. Lacking surface outcrops, this program is largely guided by detailed unmanned aerial vehicle (UAV) geophysical magnetic survey data that has proven very effective in identifying host rocks and potentially gold-bearing structures.

Fifteen of the drill holes released today (FA-21-319, -323, -325, -330, -332, -335, -339, -352, -354, -357, -363, -367, -369, -372, -377) targeted airborne magnetic features resembling the signature of the Jeremie Diorite, one of the main host rocks of the Fenelon deposit. The results will assist in better defining the shape of this geologic unit and in finding western and northwestern extensions of this diorite body that may host gold mineralization. This program resulted in an improved 3D model of the Jeremie Diorite in the area 500 metres to two kilometres west of the Fenelon deposit and new gold mineralization was encountered in drill hole FA-21-357.

Four drill holes released today (FA-21-327, -337, -351, -373) were drilled to locate the Sunday Lake Deformation Zone and to help interpret the geologic and structural features up to 2.3 kilometres west of the Ripley gold zone. New gold mineralization was encountered in drill hole FA-21-327.

Four drill holes (FA-21-329, -333, -341, -350) were drilled to locate the Sunday Lake Deformation Zone and to help interpret the geologic and structural features 300 metres east of the Ripley gold zone. New gold mineralization was encountered in all four drill holes.

Final assay results from 72 drill holes and partial results of six holes of the 2021/2022 Fenelon drill program 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://www.wallbridgemining.com/s/fenelon.asp.

Figure 1. Compilation map of the Fenelon-Grasset area
https://www.globenewswire.com/NewsRoom/AttachmentNg/316bb015-3c88-42b1-96bc-602dc9954919

Figure 2. Fenelon Gold, Plan View
https://www.globenewswire.com/NewsRoom/AttachmentNg/60ff6134-1ba7-467d-a861-fbab1fad65e1

Figure 3. Fenelon Gold, Vertical Section
https://www.globenewswire.com/NewsRoom/AttachmentNg/be4e2cca-4aa4-448b-8d77-07aa3ed8b508

Tags: Quebec / Press Releases / Gold / All Articles