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Wallbridge Mining Company Ltd.
Summary
| Project: | Fenelon | |
|---|---|---|
| Deposit: | Fenelon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-2-2019: Wallbridge Mining Company Ltd. announces an Exploration/Drilling Update report for its Fenelon deposit at the Fenelon project. Drilling results incl. 9.96m @ 3.93g/t Au from 543.00m. TORONTO, Feb. 21, 2019 /CNW/ - Wallbridge Mining Company Limi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marz Kord, Attila Pentek (Internal) | |
| ABSTRACT: | TORONTO, Feb. 21, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce continued positive drill results that have extended a known gold zone and have identified an entirely new gold zone with many similarities to the main deposit at its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property"). "These results are significant as they continue to show the considerable potential that exists to increase gold mineralization beyond the known zones at Fenelon along the four-kilometer strike length of the gold-bearing corridor," said Marz Kord, President and CEO. "The new zone intersected in hole FA-18-051 is located several hundred metres away from the main deposit and has very similar characteristics to the existing deposit." "The discovery of this broad gold mineralized system in a so far unknown gabbroic intrusion at depth in hole FA-18-051 is very exciting. This new mineralized system is made up of a stockwork of goldbearing veins surrounding more focused higher-grade shear zones which are similar to the ones found in the main deposit," stated Attila Péntek, Vice-President, Exploration of Wallbridge. "This discovery lines up well with a strong break in the airborne magnetic signatures, indicating a significant northwest-southeast trending structure, as can be seen in Figure 3 of this release. This structure also appears to control other, so far isolated, historic gold intersections and represents an entirely new exploration target for our 2019 drill program" The 2018 underground and surface drill programs were completed before the holidays and drill rigs were de-mobilized. Assay results of several drill holes are still pending and will be reported as they are received in the next few weeks | |
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