Business
Wallbridge Mining Commences Drill Program Testing New, Property-wide Exploration Targets at Fenelon
TORONTO, March 08, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report the com
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, March 08, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report the commencement of its 2023 drill program to test new exploration targets surrounding the 2023 Mineral Resource Estimate (“MRE”) footprint at its Fenelon gold project (“Fenelon”), in addition to exploration drilling at Martiniere and other prospective greenfield targets on the Company’s Detour-Fenelon Gold Trend Property. In February, Wallbridge mobilized three drills to Fenelon to test some of the prospective areas surrounding the existing deposit, which are described in more detail below. These were developed through the interpretation of combined geologic and geophysical data as well as, where present, historic drill results. Attila Péntek, Wallbridge’s Vice President, Exploration, commented: “In addition to drilling in the vicinity of the Fenelon deposit targeting larger step-outs on the existing zones (see March 6, 2023 Press Release), our 2023 drill program is testing various targets on a regional scale. These will focus on areas of promising geology such as favorable host rocks and structures with the objective of identifying new zones of mineralization elsewhere on the Company’s 830 km2 Detour-Fenelon Gold Trend Property. In April two of the drills will be mobilized to Martiniere to commence exploration drilling with similar objectives of assessing the deposit’s size potential and discovery of nearby zones.” 2023 Fenelon Exploration Drill Targets The Jeremie Diorite has been identified as a key host rock for gold mineralization at Fenelon, which is associated with quartz veining within the body itself (Area 51 and Ripley), as well as along the contact of the intrusion (Contact Zone) and into the sediments (Tabasco and Cayenne). In addition to the diorite, the Jeremie Fault represents another key control on the distribution of the gold mineralization. It is interpreted as a long-lived fault with multiple stages of activation, of which one phase is interpreted to be linked to the mineralizing event. The 2023 drill program at Fenelon will focus on testing exploration targets on the property using knowledge that has been gained through the development of the Fenelon resource since discovery. In addition to the immediate extensions of known zones, several targets have been ...