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Wallbridge Mining Continues to Add Near Surface Gold Mineralization at Fenelon and Expands New Southeast Zones
Assay Highlights Include: Within 200 metres from surface: 2.66 g/t Au over 46.70 metres 4.19 g/t Au over 24.00 metres 8.91 g/t Au over 9.65 metres Below 200 met
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" Assay Highlights Include: Within 200 metres from surface: 2.66 g/t Au over 46.70 metres 4.19 g/t Au over 24.00 metres 8.91 g/t Au over 9.65 metres Below 200 meters from surface 25.66 g/t Au over 1.50 metres in the recently discovered southeast extension area TORONTO, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report that ongoing drilling at the Company’s 100%-owned Fenelon gold project (“Fenelon” or the “Project”) has identified additional near-surface gold mineralization, within or close to the existing Mineral Resource Estimate (“MRE”) footprint. Furthermore, exploration drilling to the southeast of the MRE continues to delineate a gold mineralized environment showing excellent resource growth potential. Attila Péntek, Wallbridge’s Vice President, Exploration, commented: “Identifying strong, near-surface mineralization at Fenelon has been a key objective of our 2022 exploration program. The assays we announced today continue to validate the quality and continuity of the deposit within 200 metres of the surface. Strengthening the overall grade of the Fenelon resource was another important goal and the results we have achieved this year will also support this objective as we prepare to issue an updated MRE in the first quarter of 2023. This will be a critical input for delivering a positive Preliminary Economic Assessment of a primarily underground bulk mining operation at Fenelon, expected to be completed in the second quarter. In addition, today’s results include assays from two drill holes to the southeast of the existing MRE, demonstrating additional growth potential of the Fenelon deposit, which still remains open in nearly all directions.” Highlight Assay Results Tabasco-Cayenne Corridor (above 200 m vertical depth) FA-22-477 2.66 g/t Au over 46.70 metres, including 6.62 g/t Au over 15.00 metres, which includes 88.69 g/t Au over 1.05 metres; FAM-22-002 4.19 g/t Au over 24.00 metres, including 14.16 g/t Au over 5.50 metres, and 0.78 g/t Au over 63.50 metres; 19-0915-004 8.91 g/t Au over 9.65 metres, including 69.24 g/t Au over 1.15 metres as part of the 2022 in-fill sampling program; FA-22-471 19.02 g/t Au over 1.30 metres; FA-22-469 37.30 g/t Au over 0.65 metre; Area 51, Near Surface (a...