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Wallbridge Mining Commences Phase-One Drill Testing of Grasset Gold Targets
Commencing 5,000 metre phase-one drill program at Grasset Gold, located adjacent to the Fenelon Gold Project. Testing 11 high-priority gold targets in the Grass
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" Commencing 5,000 metre phase-one drill program at Grasset Gold, located adjacent to the Fenelon Gold Project. Testing 11 high-priority gold targets in the Grasset East Flexure area identified from airborne geophysics that have yet to be drill-tested. The Grasset East Flexure is only one of many grassroots exploration areas with excellent potential to host gold mineralization on Wallbridge’s 830 km2 land position. TORONTO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQX: WLBMF) (“Wallbridge” or the “Company”) today announced that drill testing on 11 new gold exploration targets at its 100%-owned Grasset Gold property (“Grasset Gold”) has begun. “The discovery of new gold zones on Wallbridge’s large and highly prospective land package in Northern Abitibi, Quebec is a key objective of the 2023 exploration plan we announced in January. Located only 15 kilometres east of Wallbridge’s flagship Fenelon Gold Project (“Fenelon”), Grasset Gold is a prime example of the potential of our land position in the underexplored Detour-Fenelon Gold Trend,” said Attila Péntek, Wallbridge’s Vice President, Exploration. “We are excited to start drilling at the Grasset East Flexure Target, which has been intriguing our geology team since the acquisition of the property from Balmoral Resources in 2020. After completing a high-resolution airborne magnetics survey last year followed by geologic interpretation and targeting, we have selected priority targets for our initial Phase 1 drill program to test this underexplored target area favorable for gold deposition.” Grasset Gold Exploration Program The “Grasset East Flexure” target area covers the central portion of a fold-structure identified from airborne magnetic surveys and a strong flexure in the Sunday Lake Deformation Zone, the primary structure controlling gold deposition along the Detour-Fenelon Gold Trend (Fig. 1). The Company is planning to complete approximately 5,000 metres of diamond drilling on the 11 targets over this large area of 4.5 km by 3.5 km that has yet to be drilled (Fig. 2). Such folds and flexures along major structures are favorable sites for fluid circulation and are common host environments for gold deposition in greenstone belts globally, including at Fenelon. The targets outlined in today’s release are designed to test ke...