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Wallbridge Mining Intersects 24.61 g/t Gold over 15.00 Metres in the Lower Cayenne Zone, Opening Up New High-Grade Growth Potential
TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to announce an intersection of
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to announce an intersection of 24.61 g/t Au over 15.00 metres from the Lower Cayenne Zone, expanding the high-grade domain of this zone by 260 metres down-dip to a vertical depth of 825 metres. The Company today reports partial assay results of two surface drill holes (FA-20-143 and -148), which are part of the Company’s ongoing, fully-funded 100,000-metre 2020 drill program at its 100%-owned Fenelon Gold Property (“Fenelon” or the “Property”). Further assay results from these drill holes from intervals transecting Area 51 gold mineralization are pending and will be released separately. Highlights Lower Cayenne high-grade domain expanded and showing excellent potential for growth: FA-20-148 24.61 g/t Au (22.55 g/t Au cut) over 15.00 metres, including 71.37 g/t Au (61.04 g/t Au cut) over 3.00 metres and 29.38 g/t Au over 5.00 metres This intersection 260 metres vertically below the previously released 17.58 g/t Au over 11.04 metres in hole FA-19-059 (see Figs. 1, 2 and 3). “This impressive gold intersection in hole FA-20-148 demonstrates that Tabasco-style wide, high-grade domains are also present in the Lower Cayenne Shear Zone,” stated Attila Péntek, Vice President Exploration of Wallbridge. “Being 260 metres below another strong intersection of Lower Cayenne in hole FA-19-059, it opens up another parallel structure at depth for high-grade resource growth potential. At a vertical depth of 825 metres, this is also the deepest intersection of high-grade and high (>200) metal factor gold mineralization so far at Fenelon.” Note: Metal factor refers to the gold grade multiplied by core length in metres (Au g/t*metres) 2020 Drilling Program Update As announced previously, exploration activities at Fenelon were temporarily suspended from March 23 to mid-May, 2020 due to COVID-19 restrictions. The program has been gradually restarted in close consultation with the local communities ensuring the safety of all stakeholders. Currently, four of six drill rigs are focusing on expanding the Tabasco-Cayenne-Area 51 mineralization on the original Fenelon Gold Property, carrying out a combination of 50-100-metre step-outs and tighter-spaced in-fill drilling. The Com...