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Wallbridge Mining Company Ltd.
Summary
| Project: | Fenelon | |
|---|---|---|
| Deposit: | Area 51, Tabasco | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/4/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 4-3-2020: Wallbridge Mining Company Ltd. announces an Exploration/Drilling Update report for its Area 51, Tabasco deposit at the Fenelon project. Drilling results incl. 100.3m @ 1.17g/t Au from 246.5m. TORONTO, March 4, 2020 /CNW/ - Wallbridge Mining Comp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Evan Slater (Internal) | |
| ABSTRACT: | TORONTO, March 4, 2020 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that it continues to extend intervals of gold mineralization characterized by wide intersections of 1-2 grams per tonne gold with narrower zones of high-grade material within the Area 51 vein network in the immediate hangingwall to the Tabasco/Cayenne shear system on its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property"). Intervals such as 1.05 g/t Au over 58.92 metres, 3.34 g/t Au over 16.15 metres and 1.54 g/t Au over 16.40 metres in FA-19-094 are being intersected in the Jeremie Pluton in many of the drill holes along the way to test the Tabasco/Cayenne shear system at the edge of the pluton and in the sediments. These extensive gold intercepts are combined with higher-grade intervals, including 7.48 g/t over 11.70 metres and 5.89 g/t over 15.65 metres with grades up to 177.00 g/t over 0.5 metres. "The fact that many of these drill holes intersect multiple potentially mineable zones in Area 51 as well as the Tabasco/Cayenne shear system makes our drill program very efficient, allowing for low per-ounce discovery cost," stated Marz Kord, President & CEO of Wallbridge. "The wide mineralized zones, particularly near surface such as the 1.17 g/t Au over 70.50 metres in hole FA-19-098, could become part of a future potential open pit adding significant amounts of gold ounces to a high-grade underground operation." | |
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