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Wallbridge Mining Further Expands High-Grade Domains of Tabasco-Cayenne Zones at Fenelon
TORONTO, June 02, 2021 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to announce assay results from
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, June 02, 2021 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to announce assay results from its current drilling program on the Fenelon Gold Property (“Fenelon” or the “Property”) which continue to expand the high-grade and high metal factor (Au grade multiplied by thickness) gold mineralization in multiple areas. Drilling is currently focusing on multiple areas within the approximately 1.0 km by 1.2 km central portion of the Fenelon Gold System, to expand and better define the mineralization in support of the maiden mineral resource estimate (“MMRE”) expected to be released before September 30, 2021. In total, over 200,000 metres of drilling for incorporation into the MMRE has been completed to date. “We are quite pleased that we continue to expand the high metal factor zones outside of the previously-known footprint, as evident in holes FA-21-226-W1-W1 and FA-21-226-W1-W2,” stated Marz Kord, President & CEO of Wallbridge. Significant results from the Tabasco-Cayenne-Contact Zone definition drilling, released today, include: 4.99 g/t Au over 38.10 metres, including 15.81 g/t Au over 8.50 metres in FA-21-226-W1-W2; 15.57 g/t Au over 10.80 metres in FA-21-253; and, 6.28 g/t Au over 26.00 metres in FA-21-226-W1-W1 (see Figs. 1, 4 and 5); Marz Kord further said: “Drilling between now and the cut-off date for inclusion in the MMRE will focus on maximizing the MMRE by 1) expanding and in-filling the mineralized envelopes underground in the Area 51, Tabasco, Cayenne and Gabbro zones and 2) continuing to drill as much as possible within the 1.8-kilometre strike of the Area 51 mineralization near surface. We expect the underground portion of the MMRE to be higher-grade bulk-mineable gold mineralization, while the near-surface gold mineralized envelope, which remains open in all directions, will make up an open-pit portion. Both near-surface and deep drilling will continue beyond the MMRE cut-off date as we see significant potential to continue to expand the Fenelon Gold System.” Tabasco-Cayenne-Contact Zones, Definition Drill Results Definition and expansion drilling at a nominal 75-metre drill spacing, targeting the Tabasco-Cayenne-Contact Zones over a strike length of approximately 800 metres and vertical depths between 300 and 1,000 metres has been the primary f...