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Wallbridge’s Regional Grassroots Exploration Delivers Positive Results Near Fenelon and Martiniere
TORONTO, March 30, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today reported a new round o
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":" TORONTO, March 30, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today reported a new round of positive drill results from the Company's regional exploration program on the Detour-Fenelon Gold Trend, which is targeting the discovery of satellite deposits and new mineralized zones near the Company’s Fenelon Gold and Martiniere projects (“Fenelon” and “Martiniere”) in Northwestern Quebec. Highlights: New gold mineralization, including 42.63 g/t Au over 0.50 metre and 9.98 g/t Au over 0.60 metre, was intercepted on the Grasset Property (“Grasset”), less than 10 kilometres east of the Fenelon deposit. A new gold system was identified in the northeastern portion of the Casault Gold Property (“Casault”), adjacent to Martiniere. “Wallbridge’s district-scale property on the Detour-Fenelon Gold Trend covers an area roughly the same distance as Rouyn-Noranda to Val d’Or, yet it is comparatively underexplored. We continue to see excellent potential for additional gold discoveries, with the opportunity to add to our existing resource base at Fenelon and Martiniere,” said Attila Péntek, Wallbridge’s Vice President, Exploration. “Approximately 10% of our 2022 exploration budget is dedicated to grassroots exploration on our properties in this district. Initial programs at Casault and Grasset have already delivered some very positive results and we are confident that we can continue to build on this success over the course of the year.” Grasset Exploration Drilling Between November 2021 and February 2022, Wallbridge carried out exploration drilling 10 kilometres south-east of the Fenelon deposit, to follow-up on the Grasset Gold showing, where historic intersections include 1.66 g/t Au over 33 metres, with higher grade sub-intervals, such as 6.15 g/t Au over 4.04 metres. One of the first drill holes of the program, GR-21-109 intersected sulfide-bearing quartz-carbonate veining containing visible gold, assaying 42.63 g/t Au over 0.50 metre. Gold mineralization in this area is hosted by gabbroic intrusive host rocks adjacent to the Sunday Lake Deformation Zone (“SLDZ”), which has an associated unit of thick polymictic conglomerates and is represented by strong brittle-ductile deformation zones. Another drill hole, FA-21-328, testing interpreted structures adjacent to the SLDZ, di...