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Wallbridge Mining Company Ltd.
Summary
| Project: | Fenelon | |
|---|---|---|
| Deposit: | Fenelon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-9-2019: Wallbridge Mining Company Ltd. announces an Exploration/Drilling Update report for its Fenelon deposit at the Fenelon project. Drilling results incl. 1.83m @ 26.67g/t Au from 52.75m. TORONTO, Sept. 9, 2019 /CNW/ - Wallbridge Mining Company Limit | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marz Kord, Attila Pentek (Internal) | |
| ABSTRACT: | TORONTO, Sept. 9, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce several important discoveries and the achievement of milestones that further demonstrate the large size potential of the Fenelon gold system ("Fenelon" or the "Property"). Drill results extend the Cayenne zone to a depth of 700 metres, the Tabasco zone an additional 150 metres to the east and all known zones an additional 80 metres to the west-northwest. Furthermore, strong, visible gold-bearing mineralization was discovered in a previously untested portion of Area 51, over 300 metres from the nearest drill hole. "With over 42,000 m drilled so far in 2019, we are on track to complete 70,000-80,000 metres by the end of the year allowing us to do an initial assessment of the size potential of the gold system and develop a robust strategy for our 2020 exploration program, which should exceed 100,000 metres of drilling" stated Marz Kord, President & CEO of Wallbridge Mining. "Our permitting process is progressing towards receiving approvals for the start-up of small-scale, 400-500 tpd production from the already-developed areas of the Main Gabbro zones by the second half of 2020 while the continued success of our exploration drill program will support a maiden resource estimate for the combined Fenelon gold system in early 2021." | |
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