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Wallbridge Commences Resource Expansion Exploration Drilling at Fenelon
Wallbridge Commences Resource Expansion Exploration Drilling at Fenelon Canada New...
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":"\n\n\n\nWallbridge Commences Resource Expansion Exploration Drilling at Fenelon\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 20, 2017\n\n\n\nTORONTO, March 20, 2017 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (the \"Wallbridge\") is pleased to announce that it has commenced resource expansion drilling at its 100%-owned Fenelon Gold Mine Property (\"Fenelon\") in Quebec.\n\n\"Now that we have a positive pre-feasibility study, exploration to expand the existing resource in order to extend the mine life is one of our top priorities,\" said Wallbridge's CEO Marz Kord. \"Drilling, Phase 2 of our exploration program,  has commenced at Fenelon, while we continue to work on permitting and a production decision in the second quarter of the year.\"\n\nThe exploration program at Fenelon is being carried out in three phases. Phase 1, which has been completed, consisted of a complete review of the mine geology including relogging and additional sampling of old drill holes, to better understand mine scale controls on gold mineralization, define the limits of ore grade mineralization and to allow optimization of the current Phase 2 drilling program.\n\nPhase 1 exceeded expectations, resulting in the discovery of additional mineralized zones outside of the current resource (19.7 g/t Au over 1.90 m, including 89.3 g/t Au over 0.35 m) and in-fill sampling within the resource to better define the expected ore grade (8.37 g/t gold over 1.25 m, which together with historic assays forms part of an intersection of 20.17 g/t gold over 6.21 metres). Please refer to the press release dated December 5, 2016. Phase 1 also confirmed the presence of a number of high-quality targets in the immediate vicinity of the mine workings and the prefeasibility study mining project (Figure 1). \n\nThe Phase 2 Program has commenced and consists of approximately 2,000 metres of surface drilling designed to test targets in close proximity to the initial mining project. Proposed drill hole locations are shown as blue stars on Figure 1.  The objective i...