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Wallbridge Mining Expands Ripley Zone, Mobilizes Drill to Further Test Gold Potential along Sunday Lake Deformation Zone
TORONTO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report addition
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report additional results from its 2022 drilling program at the Company’s 100%-owned Fenelon gold project (“Fenelon”) that have expanded the satellite Ripley Zone towards the southwest. In addition, new prospective targets have been identified along the Sunday Lake Deformation Zone (“SLDZ”). Following a two-month pause in drilling, two rigs were deployed in early February to commence exploration drilling in the vicinity of the Fenelon gold deposit; a third drill has now been mobilized to test newly identified gold targets along the SLDZ. “Building on the multi-million-ounce resource we have already established at Fenelon and Martiniere, our 2023 exploration program is targeting the discovery of new gold zones on the Company’s highly prospective Detour-Fenelon Gold Trend land package,” said Attila Péntek, Wallbridge’s Vice President, Exploration. “Positive drill results at Ripley, a satellite zone located one kilometre south of the main Fenelon deposit, reinforce the potential for further discoveries along the SLDZ, which remains largely untested towards the east and west. The upcoming drill program will focus on testing extensions of the main host rocks and structures that control known gold mineralized trends in this region using large-spaced drill step-outs.” Results reported today (Table 1) successfully expanded the Ripley zone to the southwest and support the potential for further gold mineralization along the SLDZ. These new drill results and geological interpretation indicate potential folding of the host rocks immediately south of the Ripley Zone, providing a high-priority drill target. Ripley Zone Highlight Assay Results FA-22-490 27.75 g/t Au over 1.50 metres, FA-22-514 1.93 g/t Au over 12.50 metres, including 29.94 g/t Au over 0.50 metre; FA-22-537 1.53 g/t Au over 16.50 metres, including 4.85 g/t Au over 3.00 metres; FA-22-529 1.61 g/t Au over 12.20 metres, including 2.87 g/t Au over 3.20 metres. About the Ripley Zone The Ripley Zone straddles the northern contact of the SLDZ, in contrast to the main Fenelon deposit, which is located along the Jeremie Fault, a secondary s...