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Wallbridge Mining Establishes Underground Access to Area 51 Mineralization at Fenelon and Confirms Continuity and Grade
TORONTO, March 24, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that it has
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, March 24, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that it has completed an underground development program that provides direct access to the Area 51 zone of the Fenelon Gold Property (“Fenelon” or the “Property”) for the first time, a significant milestone for Fenelon. Preliminary results of tightly spaced underground drilling, geologic mapping and grade control sampling have confirmed the geological modeling and interpretation derived from surface drilling. This includes confirmation of a robust network of mineralized veins with strong continuity over a wide section of more than 30 metres, with grade continuity meeting or exceeding expectations for Area 51. “After completing approximately 1,800 meters of underground development, we have had our first opportunity to see and touch Area 51 gold mineralization since our team discovered this zone in 2019, and everything we’ve observed so far increases our confidence in the quality and potential of this deposit,” said Attila Péntek, Wallbridge’s Vice President, Exploration. “Underground access to Area 51 will allow us to obtain invaluable data that we need to further grow our existing gold resources and improve our understanding of the mineralization and grade distribution.” Wallbridge is focused on advancing Fenelon, as well as the nearby Martiniere property, located within the Company’s 910-square-kilometre land package on an underexplored portion of the highly prolific Abitibi Greenstone Belt in Northwestern Quebec. Both Fenelon and Martiniere have the potential to support open pit and underground mining and are located close to existing power and transportation infrastructure. Program Highlights: Underground Development Completed The Company completed approximately 1,800 metres of underground development over the course of 2021 and early 2022, providing access to Area 51 gold mineralization and establishing drilling platforms to be used in future resource drill programs (see Figs. 1 and 2). Existing workings, which reached a vertical depth of 185 metres below surface, are being maintained for exploration work. Preliminary Underground In-fill Drill Results After establishing underground access, three infill drill holes totaling 649 metres were completed at a nominal 25-metre spacing...