For thousands of other reports visit RSC's Mineral Intellingence Map
Wallbridge Mining Company Ltd.
Summary
| Project: | Fenelon | |
|---|---|---|
| Deposit: | Habanero, Naga Viper | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-1-2019: Wallbridge Mining Company Ltd. announces an Exploration/Drilling Update report for its Habanero, Naga Viper deposit at the Fenelon project. Drilling results incl. 6.10m @ 144.77g/t Au from 104.45m. TORONTO, Jan. 15, 2019 /CNW/ - Wallbridge Mini | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Attila Pentek (Internal) | |
| ABSTRACT: | TORONTO, Jan. 15, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce continued positive results from its underground as well as surface drill programs and to provide an update on the ongoing development as part of the 35,000-tonne bulk sample and underground exploration program at its 100%-owned Fenelon Gold property ("Fenelon"). "We are extremely pleased with the success of the 2018 exploration program. We confirmed the exceptional grades we can expect in the remaining stopes to be taken during this bulk sample campaign and that of additional proximal ore that will be available for future production. Additionally, the discovery of visible gold-bearing mineralization in FA-18-038, and -051, some of the deepest holes ever drilled on the property, shows the potential for significant resource growth at Fenelon," stated Marz Kord, President & CEO of Wallbridge. "The intersections in FA-18-038 released today are very positive as they demonstrate the presence of strong mineralized structures hundreds of metres away from the current mine workings in totally underexplored parts of the property. The intersection in FA-18-051 of multiple wide intervals of favorable host rocks with several mineralized shear zones, one of which had visible gold at vertical depth of 380 metres, is again a milestone in the expansion of the mineralized system at Fenelon," stated Attila Péntek, Vice-President, Exploration of Wallbridge. The 2018 underground and surface drill programs were completed before the holidays and drill rigs were de-mobilized. The 2019 drill program (50,000-75,000 m planned) will commence in early February with mobilization of at least one underground and one surface drill rig. The 2019 underground resource drilling will initially be carried out from the recently established 5130 level (~125 m depth) and will target the main high-grade shoots down-plunge to 200 m depth. The development of an exploration drift is planned for H1 2019 to facilitate resource drilling to greater depth and along strike, including also the Tabasco and Cayenne mineralized corridors. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report