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Wallbridge Mining Company Ltd.
Summary
| Project: | Fenelon | |
|---|---|---|
| Deposit: | Fenelon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-6-2019: Wallbridge Mining Company Ltd. announces an Exploration/Drilling Update report for its Fenelon deposit at the Fenelon project. Drilling results incl. 34.87m @ 2.39g/t Au from 173.00m. TORONTO, June 24, 2019 /CNW/ - Wallbridge Mining Company Lim | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marz Kord, Attila Pentek (Internal) | |
| ABSTRACT: | TORONTO, June 24, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that its surface and underground exploration drilling continues to intersect significant high-grade, visible gold-bearing zones within broad mineralized intervals at its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property"). The results released here significantly advance the 2019 exploration goal of expanding the known footprint and demonstrating the large size potential of the Fenelon Gold System (see Wallbridge Press Release dated June 24, 2019). "The widely-spaced exploration drilling has been very successful in discovering high-grade shear zones, like the ones grading 72.35 g/t gold over 0.43 metres and 55.95 g/t gold over 1.24 metres in this release, surrounded by extensive, low grade mineralization. Together they form tens of metres of wide mineralized zones grading in the range of 3.0 to 4.0 g/t gold which in the future could be mined using underground bulk mining methods," stated Marz Kord, President & CEO of Wallbridge. "Our overall approach to drilling many of these exploration holes has been very efficient, often resulting in multiple ore-grade intersections, such as in FA-19-059." "An unexpected surprise was the intersection of 3.61 g/t gold over 18.96 metres in hole FA-19-054 within a mineralized shear zone cutting through sediments at a vertical depth of 450 metres. Such significant mineralization has previously not been observed to be hosted by the sedimentary package at Fenelon, highlighting the fact that we now have multiple mineralization styles and host lithologies within the rapidly growing footprint of the Fenelon Gold System," stated Attila Péntek, Vice President Exploration of Wallbridge. "Our drilling has now identified a new, ENE-WSW structural trend, as shown in Figure 1, which is an important structural control on our high-grade mineralization. | |
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