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Wallbridge Mining Announces Fenelon Resource Drill Results
TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced further posit
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced further positive assay results from its resource drill program on the Fenelon Gold Property (“Fenelon” or the “Property”). The assay results announced today are from drill holes that were part of the Company’s drill program in support of the maiden mineral resource estimate (“MRE”) on the Fenelon Gold System (see Wallbridge press release dated November 9, 2021). The complete results of these drill holes were not received in time for inclusion into the MRE, however, they now provide us with further confidence on the robustness of the resource. The Company plans to continue with its exploration and underground development program for the balance of this year. Future exploration programs are currently being developed and will be disclosed when available. “With almost 60% of the mineral resources both at Fenelon and Martiniere being in the indicated category, future drill programs will dominantly focus on significantly growing the mineral resources and enhancing our knowledge of the deposits,” stated Marz Kord, President & CEO of Wallbridge. “We are also progressing well with various studies, such as metallurgical test work and geotechnical work in support of an economic study.” Drill hole intersections that are located within indicated or inferred blocks of the November 2021 MRE are reported as “in-fill drill results,” while intercepts outside of those blocks are reported as “expansion drill results”. Resource In-fill Drill Results Highlight in-fill intersections since our last news release from this program include: FA-21-266 2.30 g/t Au over 19.55 metres in Area 51, and 1.71 g/t Au over 35.55 metres, including 4.73 g/t Au over 5.40 metres in the Tabasco Zone; FA-21-266-W4 3.84 g/t Au over 21.15 metres, including 26.25 g/t Au over 1.50 metres, and 5.60 g/t Au over 5.60 metres in the Tabasco Zone; FA-21-279 8.94 g/t Au over 4.00 metres, including 26.59 g/t Au over 1.30 metres, and 2.50 g/t Au over 16.10 metres, including 3.16 g/t Au over 12.20 metres in the Contact Zone, and 5.18 g/...