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Wallbridge Mining Company Ltd.
Summary
| Project: | Fenelon | |
|---|---|---|
| Deposit: | Fenelon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-12-2019: Wallbridge Mining Company Ltd. announces an Exploration/Drilling Update report for its Fenelon deposit at the Fenelon project. Drilling results incl. 48.01m @ 22.73g/t Au from 595.67m. TORONTO, Dec. 3, 2019 /CNW/ - Wallbridge Mining Company Lim | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marz Kord, Attila Pentek (Internal) | |
| ABSTRACT: | TORONTO, Dec. 3, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that hole FA-19-99 of the ongoing 75,000-metre 2019 drill program on its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property") has intersected visible gold and abundant sulfide mineralization over a 16-metre core length. This extends the Lower Tabasco Zone a further 230 m down-dip to a vertical depth of 850 metres. In addition, complete assay results have now been received for drill hole FA-19-086, surrounding the previously reported 27.00 g/t Au over 38.39 metres (see Wallbridge Press Release dated October 21, 2019). The complete intersection is now reported as 22.73 g/t Au (18.87 g/t Au cut) over 48.01 metres. High grade assays were also received from drill holes testing the newly discovered Orion Corridor located over 400 metres to the southeast, further demonstrating the exceptional gold endowment in this gold system over the entire one kilometre strike length explored so far. "It is quite remarkable that our current initial wide-spaced drilling with holes spaced 75 metres to more than 200 metres apart continues to consistently intersect mineralization, given the typical size of ore shoots in typical Archean gold systems. The results to date show the exceptional quality of Fenelon and increases our continued understanding of the deposit," stated Marz Kord, President & CEO of Wallbridge. "The recent drilling, particularly our 230-metre undercut in the Lower Tabasco zone, suggests that at depth this zone appears to follow the contact of Jeremie Pluton in a subvertical manner, suggesting that further deep drilling in this area is warranted." | |
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