Wallbridge Mining Company Limited is pleased to provide significant new high-grade assays and visual results from the ongoing 70-80,000-metre 2019 drill program, which is continuing to follow up the Area 51 and Tabasco discoveries and outline a large gold system at its 100%-owned Fenelon Gold Property.
The new drilling further demonstrates the significance of the Tabasco zone below a vertical depth of 400 metres, where it becomes wider, better endowed and is entirely open along strike and to depth. Good continuities are being shown for several zones in the newly named Andromeda and Orion corridors of Area 51 within the Jeremie Pluton and Area 51-style gold-bearing mineralization has also been intersected 800 metres further along strike to the northwest.
“We are very excited about the two recent intersections of the Tabasco zone in holes FA-19-086 and FA-19-090 where visual results consistent with previously-reported assays confirm our modeling and understanding of this zone and reinforcing its importance as one of Fenelon’s best-endowed gold zones,” stated Marz Kord, President & CEO of Wallbridge Mining. “Drilling to date has also outlined at least three continuous zones in the Andromeda corridor of Area 51, which are also becoming more enriched and wider with depth. We have accelerated the sampling and assaying of some of these significant intervals and will be reporting these assay results as soon as available.”
Jeremie Pluton– Grassroots Target
FA-19-089: One Area 51-style shear zone with visible gold and other related, possibly gold-bearing veins 800 metres further northwest within the Jeremie Pluton in a grassroots geological-geophysical target. Assay results are pending.
“The Tabasco zone is showing remarkable continuity and gold endowment at depth and we are now drilling its down-dip extension with two drill rigs. Along the way, our holes also intersected strong gold mineralization in the Andromeda corridor of Area 51 and we have now moved one of our underground rigs to in-fill this mineralized area and better define several distinct, continuous zones. Our other underground rig is now drilling the newly discovered Orion corridor of Area 51 and two surface rigs are testing grassroots targets along strike of the known gold system”, stated Attila Péntek, Vice President Exploration of Wallbridge. “Holes -062, -064, -066, -069 and -070, tested the up-dip extension of known zones in the sedimentary package near surface and will help model the Area 51, Tabasco and Cayenne zones, which significantly widen at depth once they enter more favorable host rocks”.
Of the six drill rigs currently active on the Property, four are focusing on exploration drilling from surface, doing large-spaced step-outs to define the footprint of the Fenelon gold system and two underground drill rigs are doing more closely spaced drilling of the Tabasco zones and Area 51 near the existing mine workings. A total of over 50,000 metres have been drilled to date in 2019 and the drill program is on track to complete 70-80,000 metres by the end of the year.
Assay results are reported in Table 1 and the Figures for 9 surface drill holes (total of over 6,000 metres) of the 2019 exploration drill program. Assays are pending for 25 surface drill holes and 58 underground holes, for a total of approximately 30,000 metres. The Company’s efforts to accelerate the sampling and assaying process has now resulted in faster turn-around time of assay results and we are expecting to release results more regularly.
All figures and a table with drill hole information of recently completed holes can be found on the Company website.
About Wallbridge Mining
Wallbridge is establishing a pipeline of projects that will support sustainable + 100,000 -ounce gold production as well as organic growth through exploration and scalability. The Company is currently developing its 100%-owned Fenelon Gold Property, which is located proximal to the Sunday Lake Deformation Zone, an emerging gold belt in northwestern Quebec with ongoing 70-80,000 m exploration drill program in 2019 and a recently-completed 35,000-tonne bulk sample. Wallbridge is also pursuing additional advanced-stage projects which would add to the Company’s near-term project pipeline. Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.