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Home > News > Wallbridge updates progress...

Wallbridge updates progress on Maiden Mineral Resource Estimate at Fenelon

Oct 6, 2021


“Our resource estimation at Fenelon is progressing well, and the majority of the results announced today are still part of the maiden resource database,” stated Marz Kord, President & CEO of Wallbridge. “The MMRE is an important milestone for the Company, less than 3 years after the initial discovery of the Area 51 and Tabasco zones, and represents the first major steppingstone in developing one of Quebec’s new large gold deposits. The deposit remains open in multiple directions laterally and at depth and we see a lot of potential to grow this deposit to ultimately become a significant gold producer. Over the remainder of the year, we will ramp- up our exploration drilling efforts to expand the known mineralized footprint at Fenelon in order to better understand the ultimate size potential of this deposit and the surrounding property.”

Wallbridge Mining Company Limited has announced that its maiden mineral resource estimate for the Fenelon Gold Property is progressing well and is scheduled for release by the end of October along with an updated mineral resource estimate for the Martiniere Gold Property. The assay results announced today include the final assays to be included in the MMRE. Drilling is continuing with up to 11 drill rigs; approximately 45-50,000 additional metres are planned for the remainder of the year. Future assay results will be included in upcoming resource updates.

Maiden Mineral Resource Estimate (“MMRE”)

The MMRE will include assays from over 300,000 metres of drilling from within an approximately 1.0 by 1.5-kilometre area in the central part of the known mineralized footprint at Fenelon, from surface to a maximum depth of approximately 1,000 metres.

The MMRE will encompass:

  • near surface potentially open pittable mineralization in Area 51;
  • near surface high-grade mineralization adjacent to the existing mine workings from the Gabbro Zones;
  • wide zones of potentially bulk mineable underground mineralization from the Tabasco, Cayenne, Contact and Area 51 Zones;

 



Tags: Quebec / Press Releases / Gold / All Articles