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Wallbridge's Fenelon continues to yield strong gold mineralization

Oct 20, 2022

Wallbridge Mining Company Limited is pleased to report that new assay results from the in-fill sampling program at its 100%-owned Fenelon Gold Project (“Fenelon” or the “Project”) have yielded additional gold mineralization from previously unsampled sections of drill core within and adjacent to the Project’s existing Mineral Resource Estimate (“MRE”). The results from this program will be incorporated into the MRE update and Preliminary Economic Assessment (“PEA”) currently underway at Fenelon.

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

“Launched earlier this year, our systematic in-fill sampling program continues to deliver excellent results, providing a cost-efficient method of identifying additional gold mineralization that can be incorporated into the next MRE update for Fenelon, expected in the first quarter of 2023, followed by a PEA for the project by the end of the second quarter of next year.”

“The high-grade interval of 72.00 g/t Au over 1.50 metres from the Contact Zone in hole FA-20-195, one of the northwestern-most intersections of this zone, is very important because it underscores the potential for additional resource growth in this direction. In addition, the intersection of 15.12 g/t Au over 1.00 metre from FA-06-270 is at a very shallow depth in the Tabasco Zone, allowing for further expansion of mineralization in an area where recent intersections have also revealed strong gold mineralization.”

Wallbridge has prioritized more than 30,000 metres of previously unsampled drill core for in-fill sampling in 2022. This evaluation focuses on intervals that occur within or adjacent to known mineralized zones. To date, results for approximately 23,500 metres have been received.

Assay result highlights announced today include:

 FA-20-19572.00 g/t Au over 1.50 metres in the Contact Zone, 170 metres northwest of the MRE outline, at a vertical depth of 680 metres;

 FA-21-230-W15.95 g/t Au over 4.50 metres, including

  17.10 g/t Au over 1.50 metres in Area 51, outside of the MRE;

 FA-06-27015.12 g/t Au over 1.00 metre in the Tabasco Zone, near surface at a vertical depth of only 35 metres, outside of the MRE.

In-fill assay results of previously unsampled core from four exploration drill holes drilled between 2006 and 2021 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.

Image removed.Figure 1. Detour Fenelon Gold Trend

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Figure 2. Fenelon Gold, Drill Core In-Fill Sampling Program, Plan View

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Tags: Quebec / Exploration / Gold / All Articles