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Wallbridge Mining Company Ltd.
Summary
| Project: | Fenelon | |
|---|---|---|
| Deposit: | Fenelon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 18-4-2017: Wallbridge Mining Company Ltd. announces an Exploration/Drilling Update report for its Fenelon deposit at the Fenelon project. Drilling results incl. 7.06m @ 149.08g/t Au from 122.10m. Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wall | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Attila Pentek (Internal) | |
| ABSTRACT: | Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge") is pleased to announce that the initial results from Wallbridge's first drilling program on its 100% owned Fenelon Gold property ("Fenelon") in Quebec have exceeded expectations and have confirmed the resource expansion potential on the property. The exploration drill program at Fenelon commenced in March 2017 and to date nine holes have been completed totaling 1,573 metres. An expanded drilling program will resume when the wet spring conditions subside. "We are extremely pleased with these initial results which have exceeded our expectations", stated Marz Kord, President and CEO of Wallbridge. "We purchased Fenelon because we saw potential for it to grow far beyond the existing near surface resource. This gold project can not only be brought into production in the near term for low capex, but these exploration drill results demonstrate that there is a lot of potential to expand the gold resources and reserves". He continued, "Our recently completed positive prefeasibility study on the near surface resource support continuing our advancement towards a bulk sample and subsequent production." This initial Fenelon drilling focused on three shallow target areas above 150 metres depth and within 300 metres to the west and southwest of the Pre-Feasibility Study ("PFS") project and existing ramp. There is very little drilling over the rest of the 4 kilometre strike length of the property, and almost none below 400 metres | |
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