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Wallbridge Mining Resumes On-Site Exploration and Drilling Activities Following Temporary Suspension Due to Quebec Forest Fire Risk
TORONTO, July 13, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that followin
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, July 13, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that following the partial lifting of the ban on access to, and exploration activities on, certain areas in northern Quebec by the Ministère des Ressources Naturelles et des Forêts (Ministry of Natural Resources and Forests) in conjunction with the Société de protection des forêts contre le feu (SOPFEU) the Company has resumed drilling and field exploration programs on its Detour-Fenelon Gold Trend Property. “Wallbridge’s priority throughout this situation has been the safety of our employees, contractors and local communities,” said Wallbridge President & CEO Marz Kord. “We are extremely thankful to the government of Quebec and firefighters for their hard work in controlling the wildfires in the region. There has been no damage to any of Wallbridge’s assets and we don’t expect any impact on the Company’s ability to complete its 2023 exploration program.” On June 5, Wallbridge advised investors of the temporary suspension of operations. Two drills are now fully operational. During the period of the temporary shutdown, Wallbridge has continued work on its projects by evaluating historic drill results, assessing geophysics results, working on the PEA report, and strategizing the exploration activities at the targets identified on its Detour-Fenelon Gold Trend. The Company will continue to monitor wildfire development in the region and respond proactively and accordingly should the situation change. About Wallbridge Mining Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates. Wallbridge’s flagship project, Fenelon Gold (“Fenelon”), is located on the highly prospective Detour-Fenelon Gold Trend Property in Québec’s Northern Abitibi region. An updated mineral resource estimate completed in January 2023 yielded significantly improved grades and additional ounces at the 100%-owned Fenelon and Martiniere projects, incorporating a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830 km2 exploration land package controlled by Wall...