Wallbridge reports significant extensions of mineralization at Fenelon

“Today’s results add new gold mineralization along the eastern and western margins of the 2021 MRE," said Marz Kord, Wallbridge’s President and CEO. "We are particularly pleased with the gold endowment in the eastern part of the deposit, where the host diorite is pervasively mineralized and we have encountered high-quality gold zones that remain entirely open toward the southeast. Overall, the drilling at Fenelon this year has continued to prove extensions of new gold zones in multiple directions, which will help strengthen the Project by delivering a more robust orebody with the flexibility to develop an optimal mine design. Our geologists and technical staff envision the next mineral resource estimate could point to a primarily bulk-mineable underground resource at Fenelon with possible smaller open pits on shallow mineralized zones such as at Gabbro and Area 51.” 

Wallbridge Mining Company Limited is pleased to report positive assay results from ongoing resource drilling at the Fenelon Gold Project (“Fenelon” or the “Project”), which further expand the lateral footprint of the deposit beyond the 2021 maiden Mineral Resource Estimate (“MRE”). Fenelon is located 80 kilometres east of Agnico Eagle’s Detour Lake gold mine at the centre of Wallbridge’s strategic land package, which covers roughly 910 square kilometres of the most prospective ground on the Detour-Fenelon Gold Trend.

The western and eastern extensions of mineralization are exemplified by drill holes FA-22-401 (3.01 g/t Au over 17.95 metres) in the West and FA-22-420A (25.14 g/t Au over 3.27 metres) in the East, both of which intersected gold mineralization outside the 2021 MRE at approximately 795 to 865 metres below the surface. Furthermore, the areas directly surrounding these intercepts remain untested with further room to expand the mineralization (see Figure 3).

Highlights of the drilling results released today include the following:

Western Expansion

 

 FA-21-2952.83 g/t Au over 8.30 metres, including 

  21.68 g/t Au over 1.00 metres within Area 51, outside of the 2021 MRE 
block model. 

    

 FA-22-4013.01 g/t Au over 17.95 metres, including 

  8.42 g/t Au over 4.65 metres within Area 51, outside of the 2021 MRE 
block model. 

    

  3.54 g/t Au over 7.60 metres, including 

  5.85 g/t Au over 2.40 metres within Cayenne, adjacent and within the 
2021 MRE block model. 

Eastern Expansion

 

 FA-22-394-W110.96 g/t Au over 2.20 metres, including 

  18.76 g/t Au over 1.20 metres within Area 51, adjacent to and within the 
2021 MRE block model. This intersection is in addition to assay results 
released previously in Wallbridge press release dated May 30, 2022. 

    

 FA-22-420A25.14 g/t Au over 3.27 metres, including 

  140.00 g/t Au over 0.50 metres within Area 51, outside of the 2021 MRE 
block model 

    

  16.44 g/t Au over 2.10 metres within the Contact Zone, outside of the 
2021 MRE block model 

    

 FA-22-42556.05 g/t Au over 0.60 metres within the Contact Zone, outside and 
adjacent to the 2021 MRE block model. 

    

 FA-22-42673.98 g/t Au over 0.50 metres within the Tabasco Zone, outside and 
adjacent to the 2021 MRE block model. 

The assay results from 22 drill holes are reported in the table and figures below (19 DH w/ complete assays, 3 DH with partial assays). All figures and the table with drill hole information of recently completed holes are posted on the Company’s website under “Current Program” at www.wallbridgemining.com/s/fenelon.asp.

Figure 1. Fenelon Gold, Plan View

Figure 2. Fenelon Gold, Cross-Section 10600_E

Figure 3. Fenelon Gold, Plan View West (B) and East (C)- 785m & 815m Vertical Depth

Tags: Quebec / Exploration / Gold / All Articles