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Wallbridge’s First Drill Hole at Casault Intersects New Gold Mineralization
TORONTO, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to report that a mineralized zo
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to report that a mineralized zone in CAS-21-123, the first drill hole of this summer’s 5,300 metre drill program on the Casault Gold Property (“Casault” or the “Property”), has assayed 6.85 g/t Au over 2.00 metres. This intersection is considered significant as it is located in the northern, largely untested part of the property, where no gold zone has been identified to date. This hole was collared approximately 2 kilometres from the nearest anomalous gold intersections (> 1 g/t Au over 1 m) on both the Casault and Martiniere properties (see Fig. 2). This hole is one of 13 drilled over the last few months to test a variety of grassroots exploration targets 4 to 12 kilometres west of the Company’s Martiniere Gold Property (\"Martiniere\"). The other 12 drill holes of the Casault program have also intersected strong shear and alteration zones with sulfide mineralization that are interpreted to potentially be part of gold-bearing systems. Assay results of these drill holes are pending and will be released as they become available. “This intersection of encouraging gold mineralization in the first drill hole of our Casault program in an entirely grassroots area is not only a testament to our growing understanding of the regional controls on gold deposition in the Detour-Fenelon area but also to the prospectivity of the over 900 square kilometre land package along this underexplored belt”, stated Marz Kord, President & CEO of Wallbridge. “We are keenly awaiting the assay results of other completed holes and are looking forward to following-up on this intersection.” Casault Gold Property Wallbridge has an option to acquire up to a 65% interest in the 177 km2 Casault Property from Midland Exploration (“Midland”) (see Wallbridge News Release dated June 18, 2020). Casault covers a number of grassroots exploration targets 4 to 12 kilometres west of the Company’s Martiniere Gold Project (\"Martiniere\") and 34 to 41 kilometres west of its flagship Fenelon gold property (\"Fenelon\") (see Figs. 1 and 2). The property covers more than 20 kilometres of the Sunday Lake Deformation Zone (“SDLZ”), along which the Company’s Martiniere and Fenelon gold deposits are located and which also hosts Kirkland Lake Gold...