Wallbridge Mining Company Limited (TSX:WM)
(
“Wallbridge” or the
“Company”)
is pleased to announce that its maiden mineral resource estimate
(“MMRE”) for the Fenelon Gold Property
(“Fenelon” or the “Property”) is progressing well
and is scheduled for release by the end of October along with an
updated mineral resource estimate (“
MRE”) for the
Martiniere Gold Property (“Martiniere”). The assay results
announced today include the final assays to be included in the
MMRE. Drilling is continuing with up to 11 drill rigs;
approximately 45-50,000 additional metres are planned for the
remainder of the year. Future assay results will be included in
upcoming resource updates.
Maiden Mineral Resource Estimate
(“MMRE”)
The MMRE will include assays from over 300,000
metres of drilling from within an approximately 1.0 by
1.5-kilometre area in the central part of the known mineralized
footprint at Fenelon, from surface to a maximum depth of
approximately 1,000 metres.
The MMRE will encompass:
- near surface
potentially open pittable mineralization in Area 51;
- near surface
high-grade mineralization adjacent to the existing mine workings
from the Gabbro Zones;
- wide zones of
potentially bulk mineable underground mineralization from the
Tabasco, Cayenne, Contact and Area 51 Zones;
“Our resource estimation at Fenelon is
progressing well, and the majority of the results announced today
are still part of the maiden resource database,” stated Marz Kord,
President & CEO of Wallbridge. “The MMRE is an important
milestone for the Company, less than 3 years after the initial
discovery of the Area 51 and Tabasco zones, and represents the
first major steppingstone in developing one of Quebec’s new large
gold deposits. The deposit remains open in multiple directions
laterally and at depth and we see a lot of potential to grow this
deposit to ultimately become a significant gold producer. Over the
remainder of the year, we will ramp- up our exploration drilling
efforts to expand the known mineralized footprint at Fenelon in
order to better understand the ultimate size potential of this
deposit and the surrounding property.”
Tabasco-Cayenne-Contact Zones,
Definition Drill Results
Nominal 75 metre-spaced definition drilling of
the Tabasco-Cayenne-Contact Zones over a strike length of
approximately 800 metres and vertical depths between 300 and 1,000
metres in support of the MMRE was the primary focus of the
Company’s drilling campaign between January and August of this
year.
Highlight intersections (> 30 metal factor;
metal factor = Au grade multiplied by thickness) since our last
news release from this program, include:
FA-21-283B |
|
5.97 g/t Au over 8.70 metres in
the Tabasco Zone (see Figs. 1, 2 and 7); |
|
|
|
FA-19-096-W1 |
|
2.67 g/t Au over 21.85 metres,
including |
|
|
4.63 g/t Au over 8.75 metres in the Tabasco Zone
(see Figs. 1, 2 and 6); |
|
|
|
FA-19-096-W2 |
|
6.97 g/t Au over 4.60 metres,
including |
|
|
48.54 g/t Au over 0.50 metres in the Cayenne Zone
(see Figs. 1, 2 and 6); |
|
|
|
FA-20-159-W2 |
|
4.38 g/t Au over 7.75 metres,
including |
|
|
9.01 g/t Au over 3.05 metres in the Cayenne Zone
(see Figs. 1, 2 and 7); |
|
|
|
FA-20-205-W1 |
|
3.12 g/t Au over 12.45 metres,
and |
|
|
1.99 g/t Au over 16.30 metres in the Tabasco Zone
(see Figs. 1, 2 and 8); |
|
|
|
FA-21-261 |
|
3.56 g/t Au over 9.45 metres in
the Tabasco Zone (see Figs. 1, 2 and 7); |
|
|
|
FA-21-261-W2 |
|
3.03 g/t Au over 11.50 metres,
including |
|
|
45.61 g/t Au over 0.50 metres in the Cayenne Zone
(see Figs. 1, 2 and 6); |
|
|
|
FA-21-266-W1 |
|
2.21 g/t Au over 25.10 metres,
including |
|
|
3.59 g/t Au over 11.75 metres in the Contact Zone
(see Figs. 1 and 2); |
|
|
|
FA-21-293A |
|
3.72 g/t Au over 9.00 metres,
including |
|
|
5.56 g/t Au over 5.60 metres in the Tabasco Zone
(see Figs. 1, 2 and 6) |
Area 51, Definition Drill Results
As the definition drill holes approach the
Tabasco-Cayenne-Contact Zones, they also transect the Area 51 gold
vein network, providing important information from all of these
zones.
Highlight intersections (> 30 metal factor;
metal factor = Au grade multiplied by thickness) of Area 51 zones
reported today include:
FA-21-282 |
|
3.80 g/t Au over 10.70 metres,
including |
|
|
11.67 g/t Au over 2.55 metres (see Figs. 1 and
3); |
|
|
|
FA-21-258-W1 |
|
0.83 g/t Au over 36.10 metres,
including |
|
|
14.50 g/t Au over 0.50 metres, and |
|
|
3.71 g/t Au over 2.95 metres, and |
|
|
6.91 g/t Au over 5.50 metres (see
Fig. 1); |
|
|
|
FA-21-250-W4 |
|
2.10 g/t Au over 84.70 metres,
including |
|
|
5.15 g/t Au over 14.30 metres, which further
includes |
|
|
18.87 g/t Au over 3.20 metres, |
|
|
2.97 g/t Au over 5.10 metres,
and |
|
|
17.85 g/t Au over 3.70 metres (see
Figs. 1 and 4); |
|
|
|
FA-21-289 |
|
2.29 g/t Au over 32.00 metres,
including |
|
|
4.09 g/t Au over 9.00 metres, and |
|
|
3.54 g/t Au over 9.20 metres (see Fig. 1); |
|
|
|
FA-21-264A-W1 |
|
8.49 g/t Au over 4.45 metres,
including |
|
|
50.06 g/t Au over 0.65 metres, and |
|
|
64.81 g/t Au over 0.50 metres (see
Figs. 1 and 5); |
|
|
|
FA-21-264A-W2 |
|
31.40 g/t Au over 1.50 metres,
and |
|
|
7.90 g/t Au over 3.70 metres,
including |
|
|
16.05 g/t Au over 1.30 metres (see Figs. 1 and
5); |
|
|
|
FA-21-282 |
|
24.79 g/t Au over 1.70 metres,
including |
|
|
73.70 g/t Au over 0.50 metres (see Figs. 1 and
3); |
|
|
|
FA-21-282-W2 |
|
19.93 g/t Au over 2.20 metres (see
Figs. 1 and 3); |
|
|
|
FA-21-295 |
|
3.98 g/t Au over 7.50 metres,
including |
|
|
43.50 g/t Au over 0.50 metres (see Figs. 1 and
3); |
|
|
|
FA-21-298 |
|
2.47 g/t Au over 18.65 metres,
including |
|
|
42.80 g/t Au over 0.50 metres (see Figs. 1 and
8); |
In-fill Sampling Program
Results
A systematic campaign of continuous in-fill
sampling of historic drill holes to a vertical depth of 250 metres,
as well as within modelled mineralized corridors at greater depth
was completed in order to collect further information for the open
pit constrained portion of the MMRE.
Assay results from the historic drilling in-fill
sampling program are highlighted by:
FA-19-103 |
|
3.88 g/t Au over 9.00 metres,
and |
|
|
3.28 g/t Au over 6.00 metres,
including |
|
|
7.02 g/t Au over 2.00 metres in Area 51 (see Figs.
1 and 7); |
|
|
|
19-1110-012 |
|
5.48 g/t Au over 3.00 metres in
the Gabbro Zones (see Fig. 1 and 2); |
2021 Drilling Program
Update
Approximately 150,000 to 170,000 metres of
drilling, including 20,000 to 25,000 metres devoted to regional
exploration on the Company’s district-scale, underexplored land
package on the Detour-Fenelon Gold Trend, is planned for 2021.
Assay results of 48 drill holes of the 2021
exploration drill program and 3 historic drill holes are reported
in the Table and Figures below. All figures and a table with drill
hole information of recently completed holes are posted on the
Company’s website under “Current Program” at
https://www.wallbridgemining.com/s/fenelon.asp.
Figure 1. Fenelon Gold, Plan
Viewhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e2453546-1639-42b0-9386-63f54661cacb
Figure 2. Fenelon Gold,
Tabasco-Cayenne-Gabbro Zones Long
Sectionhttps://www.globenewswire.com/NewsRoom/AttachmentNg/301c911e-aa34-49dc-ad52-0845afe11130
Figure 3. Fenelon Gold, Cross Section
9825_Ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/7497db78-ccdd-48aa-b725-499d90ade844
Figure 4. Fenelon Gold, Cross Section
9900_Ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/216a055e-4ff4-4a3c-aaa3-40db75b4de96
Figure 5. Fenelon Gold, Cross Section
9975_Ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/22e9e0b6-e48a-49b2-b884-8dc855fcd309
Figure 6. Fenelon Gold, Cross Section
10125_Ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/47f9e13b-fb3c-4458-8141-031617356f57
Figure 7. Fenelon Gold, Cross Section
10200_Ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/6992f0f9-ada9-43ef-8772-bc1031f0ef62
Figure 8. Fenelon Gold, Cross Section
10350_Ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/f1e9beca-642c-4ebf-b928-710e4e5dcdf3
Table 1. Wallbridge Fenelon Gold Property, Recent Drill
Assay Highlights (1) |
|
Drill Hole |
From |
To |
Length |
Au |
Au Cut(2) |
VG(3) |
Zone/Corridor |
Section |
|
|
|
|
|
|
|
|
|
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
|
|
|
19-1110-012 |
62.80 |
65.80 |
3.00 |
5.48 |
5.48 |
|
Main Gabbro |
10575 |
FA-19-085 |
50.50 |
54.50 |
4.00 |
1.35 |
1.35 |
|
Tabasco |
9825 |
FA-19-096-W1 |
772.30 |
794.15 |
21.85 |
2.67 |
2.67 |
VG |
Tabasco |
10125 |
Including… |
785.40 |
794.15 |
8.75 |
4.63 |
4.63 |
VG |
Tabasco |
10125 |
FA-19-096-W1 |
861.60 |
862.60 |
1.00 |
5.10 |
5.10 |
|
Cayenne |
10050 |
FA-19-096-W2 |
679.00 |
682.55 |
3.55 |
2.01 |
2.01 |
|
Area 51 |
10125 |
FA-19-096-W2 |
763.10 |
773.75 |
10.65 |
1.95 |
1.95 |
VG |
Tabasco |
10125 |
Including… |
766.85 |
769.05 |
2.20 |
3.44 |
3.44 |
VG |
Tabasco |
10125 |
FA-19-096-W2 |
811.70 |
815.65 |
3.95 |
2.08 |
2.08 |
|
Tabasco |
10125 |
FA-19-096-W2 |
893.40 |
898.00 |
4.60 |
6.97 |
6.97 |
VG |
Cayenne |
10125 |
Including… |
893.40 |
893.90 |
0.50 |
48.54 |
48.54 |
VG |
Cayenne |
10125 |
FA-19-103 |
435.00 |
444.00 |
9.00 |
3.88 |
3.88 |
|
Area 51 |
10200 |
FA-19-103 |
582.00 |
588.00 |
6.00 |
3.28 |
3.28 |
VG |
Area 51 |
10200 |
Including… |
584.00 |
586.00 |
2.00 |
7.02 |
7.02 |
VG |
Area 51 |
10200 |
FA-20-148 |
655.00 |
656.50 |
1.50 |
4.63 |
4.63 |
|
Area 51 |
10250 |
FA-20-159-W2 |
526.20 |
528.65 |
2.45 |
2.14 |
2.14 |
|
Area 51 |
10200 |
FA-20-159-W2 |
532.70 |
540.00 |
7.30 |
2.46 |
2.46 |
|
Area 51 |
10200 |
Including… |
536.00 |
537.50 |
1.50 |
8.83 |
8.83 |
|
Area 51 |
10200 |
FA-20-159-W2 |
551.00 |
554.00 |
3.00 |
2.01 |
2.01 |
|
Area 51 |
10200 |
FA-20-159-W2 |
573.80 |
580.75 |
6.95 |
1.96 |
1.96 |
VG |
Area 51 |
10200 |
FA-20-159-W2 |
632.50 |
637.20 |
4.70 |
2.79 |
2.79 |
VG |
Area 51 |
10200 |
FA-20-159-W2 |
654.00 |
657.00 |
3.00 |
1.97 |
1.97 |
|
Area 51 |
10200 |
FA-20-159-W2 |
723.10 |
733.10 |
10.00 |
2.13 |
2.13 |
|
Area 51 |
10200 |
FA-20-159-W2 |
749.65 |
751.90 |
2.25 |
2.59 |
2.59 |
|
Area 51 |
10200 |
FA-20-159-W2 |
757.50 |
762.70 |
5.20 |
2.62 |
2.62 |
VG |
Area 51 |
10200 |
FA-20-159-W2 |
825.10 |
830.30 |
5.20 |
3.73 |
3.73 |
|
Contact Zone |
10200 |
FA-20-159-W2 |
923.70 |
931.45 |
7.75 |
4.38 |
4.38 |
VG |
Cayenne |
10200 |
Including… |
923.70 |
926.75 |
3.05 |
9.01 |
9.01 |
VG |
Cayenne |
10200 |
FA-20-205-W1 |
669.00 |
671.60 |
2.60 |
2.50 |
2.50 |
|
Area 51 |
10350 |
FA-20-205-W1 |
695.50 |
698.85 |
3.35 |
2.18 |
2.18 |
VG |
Area 51 |
10350 |
Including… |
697.30 |
698.85 |
1.55 |
3.70 |
3.70 |
VG |
Area 51 |
10350 |
FA-20-205-W1 |
711.50 |
713.00 |
1.50 |
7.08 |
7.08 |
|
Area 51 |
10350 |
FA-20-205-W1 |
749.70 |
755.20 |
5.50 |
5.18 |
5.18 |
VG |
Area 51 |
10350 |
Including… |
749.70 |
750.20 |
0.50 |
28.24 |
28.24 |
VG |
Area 51 |
10350 |
FA-20-205-W1 |
815.50 |
817.00 |
1.50 |
3.73 |
3.73 |
|
Area 51 |
10350 |
FA-20-205-W1 |
883.00 |
884.00 |
1.00 |
6.14 |
6.14 |
|
Area 51 |
10350 |
FA-20-205-W1 |
942.00 |
954.45 |
12.45 |
3.12 |
3.12 |
|
Tabasco |
10350 |
FA-20-205-W1 |
973.00 |
989.30 |
16.30 |
1.99 |
1.99 |
VG |
Tabasco |
10350 |
FA-21-246A |
326.00 |
326.50 |
0.50 |
12.80 |
12.80 |
|
Area 51 |
9750 |
FA-21-250-W1 |
737.00 |
738.80 |
1.80 |
4.11 |
4.11 |
|
Area 51 |
9900 |
FA-21-250-W1 |
1037.00 |
1041.50 |
4.50 |
5.89 |
5.89 |
VG |
Tabasco |
9900 |
Including… |
1041.00 |
1041.50 |
0.50 |
33.26 |
33.26 |
VG |
Tabasco |
9900 |
FA-21-250-W2 |
736.55 |
739.00 |
2.45 |
2.79 |
2.79 |
|
Area 51 |
9900 |
Including… |
738.00 |
739.00 |
1.00 |
6.11 |
6.11 |
|
Area 51 |
9900 |
FA-21-250-W2 |
962.00 |
968.00 |
6.00 |
1.99 |
1.99 |
|
Area 51 |
9900 |
Including… |
965.25 |
966.00 |
0.75 |
8.32 |
8.32 |
|
Area 51 |
9900 |
FA-21-250-W2 |
977.00 |
980.00 |
3.00 |
3.42 |
3.42 |
VG |
Area 51 |
9900 |
Including… |
977.85 |
978.35 |
0.50 |
17.14 |
17.14 |
VG |
Area 51 |
9900 |
FA-21-250-W2 |
1007.50 |
1011.00 |
3.50 |
3.87 |
3.87 |
VG |
Area 51 |
9900 |
FA-21-250-W3 |
499.50 |
501.00 |
1.50 |
3.56 |
3.56 |
|
Area 51 |
9900 |
FA-21-250-W4 |
721.50 |
723.00 |
1.50 |
4.27 |
4.27 |
|
Area 51 |
9900 |
FA-21-250-W4 |
871.00 |
955.70 |
84.70 |
2.10 |
1.91 |
VG |
Area 51 |
9900 |
Including… |
888.00 |
902.30 |
14.30 |
5.15 |
5.15 |
VG |
Area 51 |
9900 |
Which Includes… |
893.40 |
896.60 |
3.20 |
18.87 |
18.87 |
VG |
Area 51 |
9900 |
And… |
927.40 |
932.50 |
5.10 |
2.97 |
2.97 |
VG |
Area 51 |
9900 |
And… |
952.00 |
955.70 |
3.70 |
17.85 |
13.55 |
VG |
Area 51 |
9900 |
FA-21-251 |
No Significant Mineralization(4) |
9825 & 9750 |
FA-21-253 |
254.00 |
257.95 |
3.95 |
3.66 |
3.66 |
|
Tabasco |
10200 |
FA-21-253 |
295.15 |
305.00 |
9.85 |
0.80 |
0.80 |
VG |
Tabasco |
10200 |
FA-21-253 |
327.00 |
337.20 |
10.20 |
0.83 |
0.83 |
VG |
Tabasco |
10200 |
Including… |
333.75 |
337.20 |
3.45 |
1.69 |
1.69 |
VG |
Tabasco |
10200 |
FA-21-253 |
635.50 |
642.00 |
6.50 |
2.95 |
2.95 |
|
Cayenne |
10200 |
Including… |
639.00 |
640.50 |
1.50 |
8.35 |
8.35 |
|
Cayenne |
10200 |
FA-21-254 |
No Significant Mineralization(4) |
10350 & 10275 |
FA-21-255 |
329.50 |
331.00 |
1.50 |
4.01 |
4.01 |
VG |
Area 51 |
10050 |
FA-21-255 |
561.00 |
562.70 |
1.70 |
3.46 |
3.46 |
VG |
Tabasco |
10050 |
FA-21-256 |
No Significant Mineralization(4) |
10200 & 10275 |
FA-21-258 |
214.00 |
235.70 |
21.70 |
0.90 |
0.90 |
VG |
Area 51 |
10050 |
Including… |
225.55 |
230.20 |
4.65 |
2.69 |
2.69 |
VG |
Area 51 |
10050 |
FA-21-258-W1 |
225.90 |
262.00 |
36.10 |
0.83 |
0.83 |
VG |
Area 51 |
10050 |
Including… |
244.50 |
245.00 |
0.50 |
14.50 |
14.50 |
VG |
Area 51 |
10050 |
And… |
259.05 |
262.00 |
2.95 |
3.71 |
3.71 |
VG |
Area 51 |
10050 |
FA-21-258-W1 |
310.10 |
315.00 |
4.90 |
1.21 |
1.21 |
|
Area 51 |
10050 |
FA-21-258-W1 |
333.00 |
334.50 |
1.50 |
4.37 |
4.37 |
|
Area 51 |
10050 |
FA-21-258-W1 |
396.00 |
401.50 |
5.50 |
6.91 |
6.91 |
|
Area 51 |
10050 |
FA-21-258-W1 |
415.00 |
416.50 |
1.50 |
5.86 |
5.86 |
|
Area 51 |
10050 |
FA-21-258-W1 |
582.00 |
585.50 |
3.50 |
2.74 |
2.74 |
|
Tabasco |
10050 |
FA-21-259 |
No Significant Mineralization(4) |
10350 & 10425 |
FA-21-261 |
67.00 |
78.50 |
11.50 |
0.89 |
0.89 |
VG |
Area 51 |
10200 |
Including… |
67.00 |
72.50 |
5.50 |
1.19 |
1.19 |
|
Area 51 |
10200 |
FA-21-261 |
688.60 |
702.60 |
14.00 |
1.73 |
1.73 |
|
Area 51 |
10200 |
Including… |
688.60 |
694.60 |
6.00 |
3.16 |
3.16 |
|
Area 51 |
10200 |
FA-21-261 |
846.85 |
848.50 |
1.65 |
4.28 |
4.28 |
|
Area 51 |
10200 |
FA-21-261 |
939.50 |
946.20 |
6.70 |
2.24 |
2.24 |
VG |
Area 51 |
10200 |
Including… |
939.50 |
940.00 |
0.50 |
24.69 |
24.69 |
VG |
Area 51 |
10200 |
FA-21-261 |
1098.40 |
1107.85 |
9.45 |
3.56 |
3.56 |
VG |
Tabasco |
10200 |
FA-21-261-W1 |
694.90 |
700.60 |
5.70 |
2.33 |
2.33 |
|
Area 51 |
10200 |
Including… |
694.90 |
696.10 |
1.20 |
7.98 |
7.98 |
|
Area 51 |
10200 |
FA-21-261-W1 |
843.50 |
845.95 |
2.45 |
2.85 |
2.85 |
|
Area 51 |
10200 |
FA-21-261-W1 |
983.10 |
988.45 |
5.35 |
4.00 |
4.00 |
VG |
Area 51 |
10200 |
Including… |
983.10 |
984.60 |
1.50 |
13.29 |
13.29 |
VG |
Area 51 |
10200 |
FA-21-261-W1 |
1010.60 |
1012.70 |
2.10 |
3.07 |
3.07 |
|
Contact Zone |
10200 |
FA-21-261-W1 |
1084.00 |
1084.70 |
0.70 |
12.30 |
12.30 |
|
Cayenne |
10200 |
FA-21-261-W2 |
696.90 |
699.40 |
2.50 |
2.09 |
2.09 |
|
Area 51 |
10200 |
FA-21-261-W2 |
776.35 |
776.85 |
0.50 |
13.57 |
13.57 |
VG |
Area 51 |
10200 |
FA-21-261-W2 |
839.85 |
841.45 |
1.60 |
4.61 |
4.61 |
VG |
Area 51 |
10200 |
FA-21-261-W2 |
871.00 |
873.80 |
2.80 |
2.18 |
2.18 |
VG |
Area 51 |
10200 |
FA-21-261-W2 |
976.10 |
978.25 |
2.15 |
6.40 |
6.40 |
VG |
Area 51 |
10200 |
FA-21-261-W2 |
1023.75 |
1025.55 |
1.80 |
2.92 |
2.92 |
|
Area 51 |
10125 |
FA-21-261-W2 |
1106.50 |
1118.00 |
11.50 |
3.03 |
3.03 |
VG |
Cayenne |
10125 |
Including… |
1117.50 |
1118.00 |
0.50 |
45.61 |
45.61 |
VG |
Cayenne |
10125 |
FA-21-261-W3 |
701.45 |
706.50 |
5.05 |
2.42 |
2.42 |
|
Area 51 |
10200 |
FA-21-261-W3 |
814.50 |
817.60 |
3.10 |
2.26 |
2.26 |
VG |
Area 51 |
10200 |
FA-21-261-W3 |
1046.10 |
1047.60 |
1.50 |
3.90 |
3.90 |
VG |
Area 51 |
10200 |
FA-21-261-W3 |
1080.05 |
1084.00 |
3.95 |
3.42 |
3.42 |
|
Area 51 |
10200 |
Including… |
1083.35 |
1084.00 |
0.65 |
14.90 |
14.90 |
|
Area 51 |
10200 |
FA-21-261-W3 |
1132.60 |
1135.00 |
2.40 |
2.39 |
2.39 |
VG |
Tabasco |
10200 |
FA-21-261-W4 |
689.00 |
690.00 |
1.00 |
5.68 |
5.68 |
|
Area 51 |
10200 |
FA-21-261-W4 |
709.65 |
710.40 |
0.75 |
15.20 |
15.20 |
|
Area 51 |
10200 |
FA-21-261-W4 |
873.50 |
875.50 |
2.00 |
3.57 |
3.57 |
|
Area 51 |
10200 |
FA-21-261-W4 |
995.00 |
999.50 |
4.50 |
2.70 |
2.70 |
|
Area 51 |
10125 |
FA-21-262 |
142.00 |
154.00 |
12.00 |
0.68 |
0.68 |
VG |
Area 51 |
9525 |
FA-21-263 |
650.40 |
651.00 |
0.60 |
30.93 |
30.93 |
VG |
Cayenne |
10350 |
FA-21-263-W1 |
No Significant Mineralization(4) |
10425 & 10500 |
FA-21-264A-W1 |
314.70 |
319.15 |
4.45 |
8.49 |
8.48 |
VG |
Area 51 |
9975 |
Including… |
318.50 |
319.15 |
0.65 |
50.06 |
50.00 |
VG |
Area 51 |
9975 |
FA-21-264A-W1 |
352.70 |
353.20 |
0.50 |
64.81 |
50.00 |
VG |
Area 51 |
9975 |
FA-21-264A-W1 |
402.30 |
408.00 |
5.70 |
1.71 |
1.71 |
VG |
Area 51 |
9975 |
FA-21-264A-W2 |
300.00 |
302.20 |
2.20 |
2.50 |
2.50 |
|
Area 51 |
9975 |
FA-21-264A-W2 |
355.80 |
356.45 |
0.65 |
22.80 |
22.80 |
|
Area 51 |
9975 |
FA-21-264A-W2 |
400.00 |
402.30 |
2.30 |
3.52 |
3.52 |
VG |
Area 51 |
9975 |
Including… |
401.75 |
402.30 |
0.55 |
12.19 |
12.19 |
VG |
Area 51 |
9975 |
FA-21-264A-W2 |
432.00 |
433.50 |
1.50 |
31.40 |
31.40 |
|
Area 51 |
9975 |
FA-21-264A-W2 |
457.50 |
461.20 |
3.70 |
7.90 |
7.90 |
VG |
Area 51 |
9975 |
Including… |
459.90 |
461.20 |
1.30 |
16.05 |
16.05 |
VG |
Area 51 |
9975 |
FA-21-264A-W2 |
500.50 |
503.50 |
3.00 |
3.66 |
3.66 |
|
Tabasco |
9975 |
FA-21-264A-W2 |
546.20 |
547.40 |
1.20 |
4.35 |
4.35 |
|
Tabasco |
9975 |
FA-21-264A-W3 |
No Significant Mineralization(4) |
9975 |
FA-21-264A-W4 |
319.75 |
320.40 |
0.65 |
16.60 |
16.60 |
|
Area 51 |
9975 |
FA-21-264A-W4 |
371.40 |
371.90 |
0.50 |
17.67 |
17.67 |
VG |
Area 51 |
9975 |
FA-21-264A-W4 |
383.90 |
387.00 |
3.10 |
1.88 |
1.88 |
VG |
Area 51 |
9975 |
FA-21-264A-W4 |
416.60 |
421.40 |
4.80 |
3.82 |
3.82 |
|
Area 51 |
9975 |
FA-21-266-W1 |
823.30 |
826.60 |
3.30 |
2.79 |
2.79 |
VG |
Area 51 |
10250 |
FA-21-266-W1 |
1113.30 |
1114.50 |
1.20 |
6.46 |
6.46 |
|
Contact Zone |
10250 |
FA-21-266-W1 |
1125.00 |
1150.10 |
25.10 |
2.21 |
2.21 |
|
Contact Zone |
10250 |
Including… |
1125.00 |
1136.75 |
11.75 |
3.59 |
3.59 |
|
Contact Zone |
10250 |
FA-21-266-W1 |
1196.50 |
1199.50 |
3.00 |
1.98 |
1.98 |
|
Cayenne |
10250 |
FA-21-266-W2 |
841.00 |
842.00 |
1.00 |
14.03 |
14.03 |
VG |
Area 51 |
10250 |
FA-21-266-W2 |
1083.00 |
1092.30 |
9.30 |
2.29 |
2.29 |
VG |
Area 51 |
10350 |
Including… |
1091.75 |
1092.30 |
0.55 |
21.11 |
21.11 |
VG |
Area 51 |
10350 |
FA-21-266-W2 |
1113.00 |
1114.00 |
1.00 |
6.92 |
6.92 |
|
Contact Zone |
10350 |
FA-21-266-W2 |
1183.00 |
1184.50 |
1.50 |
7.50 |
7.50 |
|
Cayenne |
10350 |
FA-21-274 |
116.50 |
128.00 |
11.50 |
0.89 |
0.89 |
|
Contact zone |
9750 |
FA-21-277A |
317.50 |
320.50 |
3.00 |
3.49 |
3.49 |
|
Tabasco |
10250 |
FA-21-277A |
366.00 |
369.00 |
3.00 |
1.87 |
1.87 |
|
Tabasco |
10250 |
FA-21-277A |
490.00 |
493.00 |
3.00 |
3.81 |
3.81 |
|
Tabasco |
10250 |
FA-21-277A |
502.65 |
505.70 |
3.05 |
2.39 |
2.39 |
|
Tabasco |
10250 |
FA-21-278 |
458.20 |
458.75 |
0.55 |
10.10 |
10.10 |
|
Tabasco |
10250 |
FA-21-281 |
No Significant Mineralization(4) |
9975 |
FA-21-282 |
182.30 |
200.00 |
17.70 |
0.68 |
0.68 |
|
Area 51 |
9825 |
Including… |
182.30 |
183.55 |
1.25 |
6.53 |
6.53 |
|
Area 51 |
9825 |
FA-21-282 |
266.40 |
277.10 |
10.70 |
3.80 |
3.80 |
|
Area 51 |
9825 |
Including… |
266.40 |
268.95 |
2.55 |
11.67 |
11.67 |
|
Area 51 |
9825 |
FA-21-282 |
302.50 |
304.00 |
1.50 |
5.53 |
5.53 |
|
Area 51 |
9825 |
FA-21-282 |
379.70 |
390.00 |
10.30 |
1.50 |
1.50 |
VG |
Area 51 |
9825 |
Including… |
387.75 |
390.00 |
2.25 |
5.13 |
5.13 |
VG |
Area 51 |
9825 |
FA-21-282 |
478.30 |
478.80 |
0.50 |
11.00 |
11.00 |
|
Area 51 |
9825 |
FA-21-282 |
496.30 |
498.00 |
1.70 |
24.79 |
17.82 |
|
Area 51 |
9825 |
Including… |
496.30 |
496.80 |
0.50 |
73.70 |
50.00 |
|
Area 51 |
9825 |
FA-21-282 |
544.25 |
545.00 |
0.75 |
7.58 |
7.58 |
|
Area 51 |
9825 |
FA-21-282 |
659.80 |
662.70 |
2.90 |
2.64 |
2.64 |
VG |
Area 51 |
9825 |
Including… |
659.80 |
660.35 |
0.55 |
11.40 |
11.40 |
VG |
Area 51 |
9825 |
FA-21-282 |
684.80 |
686.20 |
1.40 |
7.64 |
7.64 |
|
Tabasco |
9825 |
FA-21-282 |
739.80 |
744.75 |
4.95 |
3.00 |
3.00 |
|
Cayenne |
9825 |
FA-21-282-W2 |
593.50 |
595.70 |
2.20 |
19.93 |
19.93 |
|
Area 51 |
9825 |
FA-21-282-W2 |
687.55 |
690.00 |
2.45 |
8.24 |
8.24 |
|
Tabasco |
9825 |
FA-21-283B |
564.50 |
573.20 |
8.70 |
5.97 |
5.97 |
VG |
Tabasco |
10200 |
FA-21-288 |
144.80 |
167.00 |
22.20 |
0.71 |
0.71 |
|
Area 51 |
9825 |
Including… |
151.50 |
156.00 |
4.50 |
2.93 |
2.93 |
|
Area 51 |
9825 |
FA-21-288 |
183.50 |
188.00 |
4.50 |
3.06 |
3.06 |
|
Area 51 |
9825 |
FA-21-288 |
233.70 |
248.40 |
14.70 |
0.72 |
0.72 |
VG |
Area 51 |
9825 |
FA-21-288 |
329.00 |
330.10 |
1.10 |
8.34 |
8.34 |
VG |
Area 51 |
9750 |
FA-21-289 |
165.95 |
169.00 |
3.05 |
1.99 |
1.99 |
|
Area 51 |
10250 |
FA-21-289 |
409.50 |
413.00 |
3.50 |
2.02 |
2.02 |
|
Area 51 |
10250 |
FA-21-289 |
493.00 |
525.00 |
32.00 |
2.29 |
2.29 |
VG |
Area 51 |
10250 |
Including… |
495.00 |
504.00 |
9.00 |
4.09 |
4.09 |
|
Area 51 |
10250 |
And… |
513.30 |
522.50 |
9.20 |
3.54 |
3.54 |
VG |
Area 51 |
10250 |
FA-21-289 |
624.10 |
628.10 |
4.00 |
2.07 |
2.07 |
|
Area 51 |
10250 |
FA-21-289 |
852.00 |
854.30 |
2.30 |
5.29 |
5.29 |
|
Cayenne |
10250 |
FA-21-291 |
74.50 |
89.00 |
14.50 |
0.96 |
0.96 |
|
Area 51 |
9675 |
Including… |
74.50 |
76.00 |
1.50 |
3.58 |
3.58 |
|
Area 51 |
9675 |
And… |
86.00 |
87.10 |
1.10 |
5.90 |
5.90 |
|
Area 51 |
9675 |
FA-21-292 |
89.50 |
113.15 |
23.65 |
0.80 |
0.80 |
VG |
Area 51 |
9900 |
Including… |
109.25 |
109.75 |
0.50 |
24.53 |
24.53 |
VG |
Area 51 |
9900 |
FA-21-292 |
246.00 |
250.00 |
4.00 |
1.89 |
1.89 |
|
Contact zone |
9900 |
FA-21-292 |
269.35 |
276.70 |
7.35 |
2.01 |
2.01 |
|
Tabasco |
9900 |
Including… |
275.70 |
276.70 |
1.00 |
7.47 |
7.47 |
|
Tabasco |
9900 |
FA-21-292 |
315.05 |
316.00 |
0.95 |
19.80 |
19.80 |
|
Tabasco |
9900 |
FA-21-293A |
353.00 |
358.00 |
5.00 |
2.05 |
2.05 |
VG |
Area 51 |
10125 |
FA-21-293A |
376.00 |
379.40 |
3.40 |
1.48 |
1.48 |
|
Contact Zone |
10125 |
FA-21-293A |
387.00 |
392.00 |
5.00 |
1.12 |
1.12 |
|
Contact Zone |
10125 |
FA-21-293A |
407.40 |
408.00 |
0.60 |
9.76 |
9.76 |
|
Tabasco |
10125 |
FA-21-293A |
501.25 |
510.25 |
9.00 |
3.72 |
3.72 |
VG |
Tabasco |
10125 |
Including… |
504.65 |
510.25 |
5.60 |
5.56 |
5.56 |
VG |
Tabasco |
10125 |
FA-21-293A |
555.00 |
561.10 |
6.10 |
2.23 |
2.23 |
|
Tabasco |
10125 |
FA-21-293A |
585.60 |
586.90 |
1.30 |
5.98 |
5.98 |
|
Tabasco |
10125 |
FA-21-295 |
70.50 |
71.00 |
0.50 |
29.99 |
29.99 |
VG |
Area 51 |
9825 |
FA-21-295 |
355.00 |
356.60 |
1.60 |
5.52 |
5.52 |
VG |
Area 51 |
9825 |
FA-21-295 |
383.50 |
391.00 |
7.50 |
3.98 |
3.98 |
VG |
Area 51 |
9825 |
Including… |
390.50 |
391.00 |
0.50 |
43.50 |
43.50 |
VG |
Area 51 |
9825 |
FA-21-295 |
401.00 |
405.00 |
4.00 |
3.78 |
3.78 |
VG |
Area 51 |
9825 |
FA-21-298 |
212.00 |
222.10 |
10.10 |
0.73 |
0.73 |
|
Area 51 |
10350 |
FA-21-298 |
316.00 |
316.50 |
0.50 |
11.13 |
11.13 |
VG |
Area 51 |
10350 |
FA-21-298 |
593.35 |
612.00 |
18.65 |
2.47 |
2.47 |
VG |
Area 51 |
10350 |
Including… |
593.35 |
593.85 |
0.50 |
42.80 |
42.80 |
VG |
Area 51 |
10350 |
FA-21-298 |
665.00 |
667.70 |
2.70 |
7.01 |
7.01 |
VG |
Area 51 |
10350 |
FA-21-298 |
805.30 |
808.85 |
3.55 |
3.80 |
3.80 |
|
Contact Zone |
10350 |
FA-21-298 |
844.50 |
846.00 |
1.50 |
4.11 |
4.11 |
|
Contact Zone |
10350 |
FA-21-299 |
54.65 |
57.10 |
2.45 |
8.54 |
8.54 |
VG |
Contact zone |
10350 |
Including… |
56.50 |
57.10 |
0.60 |
32.78 |
32.78 |
VG |
Contact zone |
10350 |
FA-21-299 |
282.75 |
305.05 |
22.30 |
0.97 |
0.97 |
|
Area 51 |
10350 |
Including… |
282.75 |
284.10 |
1.35 |
10.95 |
10.95 |
|
Area 51 |
10350 |
FA-21-300 |
26.10 |
37.90 |
11.80 |
0.93 |
0.93 |
VG |
Contact zone |
10425 |
Including… |
26.10 |
26.70 |
0.60 |
8.69 |
8.69 |
VG |
Contact zone |
10425 |
FA-21-300 |
178.00 |
180.50 |
2.50 |
2.27 |
2.27 |
|
Contact zone |
10425 |
FA-21-300 |
280.85 |
289.75 |
8.90 |
0.77 |
0.77 |
|
Contact zone |
10425 |
(1) Table includes only assay results received since the latest
press release dated Sept 15, 2021.(2) Au cut at: 100 g/t Au for the
Tabasco/Contact zones; 60 g/t Au for the Cayenne zones; 50 g/t Au
for the Area 51 zones.(3) Intervals containing visible gold
("VG").(4) Metal factor of at least 5 g/t*m and minimum weighted
average composite grade of 1 g/t Au.* Results reported here contain
previously announced intervals that were extended with new assay
results.
Note: True widths are estimated to be 50‒80% of
the reported core length intervals.
Assay QA/QC and Qualified
Persons
Drill core samples from the ongoing 2021 drill
program at Fenelon are cut and bagged either on site or by
contractors and transported to SGS Canada Inc., AGAT Laboratories
Ltd. or Bureau Veritas Commodities Canada Ltd. for analysis. In
2020 samples were submitted to either SGS Canada Inc. or ALS Canada
Ltd. for analysis. Samples, along with standards and blanks that
are included for quality assurance and quality control, were
prepared and analyzed at the laboratories. Samples are crushed to
90% less than 2mm. A 1kg riffle split is pulverized to 85% passing
75 microns. 50g samples are analyzed by fire assay and AAS. At SGS,
AGAT and Bureau Veritas samples >10g/t Au are automatically
analyzed by fire assay with gravimetric finish or screen metallic
analysis. To test for coarse free gold and for additional quality
assurance and quality control, Wallbridge requests screen metallic
analysis for samples containing visible gold. These and future
assay results may vary from time to time due to re‒analysis for
quality assurance and quality control.
The Qualified Person responsible for the
technical content of this press release is Peter Lauder, P.Geo,
Exploration Manager of Wallbridge.
About Wallbridge Mining
Wallbridge is currently advancing the
exploration and development of its 100%‒owned Fenelon Gold property
located along the Detour‒Fenelon Gold Trend, an emerging gold belt
in northwestern Québec. The Company completed approximately 102,000
metres of drilling in 2020 and is currently conducting a
fully‒funded 2021 program of approximately 150,000-170,000 metres
of drilling and 2,500 metres of underground exploration development
(Phase 1 of a 10,000‒metre program). The Company intends to
complete a maiden mineral resource estimate on the Fenelon Gold
System in October 2021.
Wallbridge now holds several kilometres
surrounding its rapidly expanding Fenelon discovery providing room
for growth, as well as future mine development flexibility.
Wallbridge's land holdings in Québec along the Detour‒Fenelon Gold
Trend total more than 900.0 km2, improving Wallbridge's potential
for further discoveries along a 90‒kilometre strike length in this
underexplored belt.
Wallbridge is also the operator of, and a 17.8%
shareholder in, Lonmin Canada Inc., a privately‒held company with a
portfolio of nickel, copper, and platinum‒group metals (PGM)
projects in Ontario's Sudbury Basin.
This news release has been authorized by the
undersigned on behalf of Wallbridge Mining Company Limited.
For further information please
visit the Company's website at www.wallbridgemining.com or
contact:
Wallbridge Mining Company
LimitedMarz Kord, P. Eng., M. Sc., MBAPresident &
CEOTel: (705) 682‒9297 ext. 251Email:
mkord@wallbridgemining.com
Victoria Vargas, B.Sc. (Hon.) Economics,
MBAInvestor Relations AdvisorEmail:
vvargas@wallbridgemining.com
This press release may contain certain
“forward‒looking statements” within the meaning of applicable
Canadian securities legislation relating to, among other things,
the operations of Wallbridge Mining Company Limited (“Wallbridge”
or “Company”) and the environment within which it operates. All
statements, other than statements of historical fact, included
herein, including, without limitation, statements regarding future
plans and objectives of Wallbridge, future opportunities and
anticipated goals, the Company’s portfolio, treasury, management
team, timetable to mineral resource estimation, permitting and the
prospective mineralization of the properties, are forward‒looking
statements that involve various risks, assumptions, estimates and
uncertainties. Generally, forward‒looking information can be
identified by the use of forward‒looking terminology such as
“seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”,
“scheduled”, “estimates”, “expects”, “forecasts”, “intends”,
“projects”, “predicts”, “proposes”, "potential", “targets” and
variations of such words and phrases, or by statements that certain
actions, events or results “may”, “will”, “could”, “would”,
“should” or “might”, “be taken”, “occur” or “be achieved”. There
can be no assurance that such statements will prove to be accurate,
and actual results and future events could differ materially from
those anticipated in such statements.
By their nature, forward‒looking
statements involve numerous assumptions, inherent risks and
uncertainties, both general and specific, that contribute to the
possibility that the predicted outcomes could differ materially
from those contained in such statements. These risks and
uncertainties include, but are not limited to, delays in obtaining
or failures to obtain required governmental, regulatory,
environmental or other required approval, the actual results of
current exploration activities, fluctuations in prices of
commodities, fluctuations in currency markets, actual results of
additional exploration and development activities at the Company’s
projects, capital expenditures, the availability of any additional
capital required to advance projects, accidents, or pandemic
interruptions.
Although the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward‒looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. These statements reflect
the current internal projections, expectations or beliefs of the
Company and are based on information currently available to the
Company.
The Company does not undertake to update
any forward‒looking information, except in accordance with
applicable securities laws. The Company believes that the
expectations reflected in those forward‒looking statements are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward‒looking statements
included in this press release should not be unduly relied upon by
investors as actual results may vary.
Risks and uncertainties about
Wallbridge’s business are more fully discussed in the disclosure
material filed with the securities regulatory authorities in Canada
and available on SEDAR under the Company’s profile at
www.sedar.com. Readers are urged to read these materials and should
not place undue reliance on the forward‒looking statements
contained in this press release.
Covid‒19 ‒ Given the rapidly evolving
nature of the Coronavirus (COVID‒19) pandemic, Wallbridge is
actively monitoring the situation in order to continue to maintain
as best as possible the activities while striving to protect the
health of its personnel. Wallbridge' activities will continue to
align with the guidance provided by local, provincial and federal
authorities in Canada. The Company has established measures to
continue normal activities while protecting the health of its
employees and stakeholders. Depending on the evolution of the
virus, measures may affect the regular operations of Wallbridge and
the participation of staff members in events inside or outside
Canada.
Wallbridge Mining (TSX:WM)
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Wallbridge Mining (TSX:WM)
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