Mr. Marz Kord reports
WALLBRIDGE FILES NI 43-101 TECHNICAL REPORT SUPPORTING POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR THE FENELON GOLD PROJECT IN QUEBEC
Wallbridge Mining Company Ltd. has filed a National Instrument 43-101 technical report in support of its previously announced preliminary economic assessment (PEA) for its Fenelon gold project, located on the company's Detour-Fenelon gold trend land package in Northern Abitibi, Quebec.
The technical report was prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and Form 43-101F1, and is available for review on SEDAR+ and the company's website.
About Wallbridge
Mining Company Ltd.
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon gold trend while respecting the environment and communities where it operates.
Wallbridge's flagship project, Fenelon, is located on the highly prospective Detour-Fenelon gold trend property in Quebec's Northern Abitibi region. An updated mineral resource estimate completed in January, 2023, yielded significantly improved grades and additional ounces at the 100-per-cent-owned Fenelon and Martiniere projects, incorporating a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830-square-kilometre exploration land package controlled by Wallbridge. In addition, Wallbridge believes that the extensive land package is extremely prospective for the discovery of additional gold deposits.
Wallbridge has reported a positive PEA on its 100-per-cent-owned Fenelon project with an estimated average annual gold production of 212,000 ounces over 12.3 years.
Wallbridge also holds a 19.9-per-cent interest in the common shares of Archer Exploration Corp. as a result of the sale of the company's portfolio of nickel assets in Ontario and Quebec in November of 2022.
Wallbridge will continue to focus on its core Detour-Fenelon gold trend property while enabling shareholders to participate in the potential economic upside in Archer.
We seek Safe Harbor.
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