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Wallbridge Reports on its Fenelon Expansion Drilling in the East and at Depth

Feb 17, 2021

“The intersections reported today are of great importance, as they demonstrate the potential for both short term resource growth in the eastern part of the Fenelon Gold System, as well as substantial exploration potential to depth,” stated Attila Péntek, Vice President Exploration of Wallbridge. “We are particularly pleased with the results of our first deep drill hole which tested the mineralization over 400 metres down-dip from the last known mineralization. The fact that this deep hole intersected several hundred metres of continuous, favourable host rocks with sporadic, sulfide- and visible gold-bearing veins indicates that the gold zones at Fenelon remain open at depth and give us much optimism for future resource growth in multiple directions.”

Wallbridge Mining Company Limited is pleased to announce that its expansion drilling program on the Fenelon Gold Property has highlighted increasing resource growth potential toward the east and at depth. Additionally, deep drill hole FA-20-120A-W1 intersected Area 51-style veins, some containing visible gold at a vertical depth of 1,500 to 1,600 metres, 400-600 metres below the previously known depth extents of the Fenelon Gold System. This mineralization at depth occurs within the same host rock environment as the known zones, in what is interpreted to be the down dip extension of the Jeremie Diorite. Assays from FA-20-120A-W1 are pending.

Fenelon Gold System, East Extension 

Drill holes FA-20-200 and FA-20-205 intersected strong gold zones in the eastern part of the Fenelon Gold System, further demonstrating the resource growth potential on sections 10350_E to 10500_E, with the continuation of gold mineralization to the southeast, toward the Ripley-Reaper Zones along the Sunday Lake Deformation Zone. Further drilling is currently underway on these sections to be able to include this area in the 2021 maiden resource estimate.

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