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Wallbridge Mining Reports Significant New Extensions of Known Mineralization at Fenelon
TORONTO, July 26, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report positiv
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, July 26, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report positive assay results from ongoing resource drilling at the Fenelon Gold Project (“Fenelon” or the “Project”), which further expand the lateral footprint of the deposit beyond the 2021 maiden Mineral Resource Estimate (“MRE”). Fenelon is located 80 kilometres east of Agnico Eagle’s Detour Lake gold mine at the centre of Wallbridge’s strategic land package, which covers roughly 910 square kilometres of the most prospective ground on the Detour-Fenelon Gold Trend. “Today’s results add new gold mineralization along the eastern and western margins of the 2021 MRE. We are particularly pleased with the gold endowment in the eastern part of the deposit, where the host diorite is pervasively mineralized and we have encountered high-quality gold zones that remain entirely open toward the southeast,” said Marz Kord, Wallbridge’s President and CEO. “Overall, the drilling at Fenelon this year has continued to prove extensions of new gold zones in multiple directions, which will help strengthen the Project by delivering a more robust orebody with the flexibility to develop an optimal mine design. Our geologists and technical staff envision the next mineral resource estimate could point to a primarily bulk-mineable underground resource at Fenelon with possible smaller open pits on shallow mineralized zones such as at Gabbro and Area 51.” The western and eastern extensions of mineralization are exemplified by drill holes FA-22-401 (3.01 g/t Au over 17.95 metres) in the West and FA-22-420A (25.14 g/t Au over 3.27 metres) in the East, both of which intersected gold mineralization outside the 2021 MRE at approximately 795 to 865 metres below the surface. Furthermore, the areas directly surrounding these intercepts remain untested with further room to expand the mineralization (see Figure 3). Highlights of the drilling results released today include the following: Western Expansion FA-21-295 2.83 g/t Au over 8.30 metres, including 21.68 g/t Au over 1.00 metres within Area 51, outside of the 2021 MRE block model. FA-22-401 3.01 g/t Au over 17.95 metres, including 8.42 g/t Au over 4.65 metres within Area 51,...