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Wallbridge Mining Extends Martiniere Gold Mineralization to the East
TORONTO, June 08, 2023 (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, June 08, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQX: WLBMF) (“Wallbridge” or the “Company”) today announced that it has extended gold mineralization at the Company’s 100%-owned Martiniere Gold project (“Martiniere”) 300 metres east of the existing Mineral Resource Estimate (“MRE”) footprint. The results build upon step-out hole (MR-22-036) completed in late 2022, which identified the presence of significant gold mineralization east of the main deposit (see press release dated Oct. 12, 2022 and Fig. 1). Attila Péntek, Wallbridge’s Vice President, Exploration, commented: “We are excited to report that all of our follow-up holes in the M1 Target area to date have encountered gold mineralization, validating the potential to significantly expand the footprint of the Martiniere deposit to the east. Since commencing our exploration work at Martiniere in 2021, we have doubled the MRE at the project, and these results continue to reinforce the large size potential of the Martiniere gold system. In addition, a recently completed high-resolution airborne magnetic survey is providing valuable information to further improve the success of our property-wide targeting as we continue to follow up on these strong results.” Highlights MR-23-041 (a 300-metre undercut of MR-22-036) intersected 5.15 g/t Au over 4.00 metres, including 9.28 g/t Au over 1.55 metres. MR-23-042, collared 250 metres to the east of MR-22-036, intersected 1.63 g/t Au over 19.35 metres, including 6.96 g/t Au over 2.30 metres. New drill holes confirm increased presence of porphyritic intrusive rocks towards the east, similar to the Bug Lake Porphyry, one of the main controls on gold mineralization at Martiniere. Martiniere Exploration Program Underway Prior to the temporary suspension of operations due to forest fires the Company had three drill rigs operating on its Detour-Fenelon Gold Trend property: two at its Martiniere gold project and one that was in the process of moving from Fenelon to Grasset East to test favorable target areas on this eastern, unexplored part of the land package. At Martiniere, additional holes are planned to continue testing the M1 Target following the results announced today. So far, Wallbridge has completed over 10,000 meters of drilling at Martiniere as part of its 2023 exploration program. Assays r...