23:34:56 EDT Sat 13 Aug 2022
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Wallbridge Mining Company Ltd
Symbol WM
Shares Issued 882,384,242
Close 2022-06-06 C$ 0.24
Recent Sedar Documents

Wallbridge samples 1.5 m of 44.5 g/t Au at Fenelon

2022-06-07 12:25 ET - News Release

Mr. Marz Kord reports

WALLBRIDGE IN-FILL SAMPLING PROGRAM SUCCESSFULLY ADDS NEW GOLD MINERALIZATION WITHIN FENELON MINERAL RESOURCE FOOTPRINT

Wallbridge Mining Company Ltd. has released positive assay results from its continuing infill sampling program, which aims to analyze previously unsampled intervals of drill core with the objective of adding new gold mineralization within the known footprint of the Fenelon gold project.

"In addition to our ongoing resource drilling campaign aimed at expanding mineral resources at Fenelon, we are also executing a systematic program to sample core sections from previously drilled holes that had not been sampled and assayed in order to identify additional gold mineralization within the existing resource footprint as outlined in the 2021 mineral resource estimate (MRE)," said Attila Pentek, Wallbridge's vice-president, exploration. "In the past, we focused our core sampling on visibly mineralized zones. Subsequent work has increased our confidence in the potential for bulk mining at Fenelon, and, as a result, we have revisited these previously unsampled intervals and identified a series of strong intersections adjacent to or within areas of the MRE block model that were previously considered to be waste in the MRE."

The company has identified more than 50,000 metres of previously unsampled drill core and has prioritized approximately 30,000 metres for sampling by the third quarter of 2022, focusing on intervals that occur within or adjacent to known mineralized zones. To date, approximately 11,245 samples (representing approximately 14,880 metres) of previously unsampled drill core have been submitted for analysis as part of the 2022 infill program, of which results for 7,923 samples have been received.

Highlights from the infill sampling program of previously unsampled drill core intervals released today include the following:

  • 19-0915-020: 44.50 grams per tonne gold over 1.50 metres within the Andromeda 04 zone of area 51, outside the 2021 MRE block model;
  • 19-0915-024: 0.51 gram per tonne gold over 22.85 metres within the Andromeda 05 zone of area 51, adjacent to and within the 2021 MRE block model;
  • 19-0915-025: 8.50 grams per tonne gold over 1.45 metres within the Contact zone, adjacent to the 2021 MRE block model;
  • 19-0915-025: 7.54 grams per tonne gold over 1.50 metres within area 51, outside the 2021 MRE block model;
  • 19-0925-009: 0.53 gram per tonne gold over 50.80 metres (includes previously released assays from Nov. 14, 2019), including 1.30 grams per tonne gold over 4.09 metres, within the Contact zone, within the 2021 MRE block model;
  • FA-19-056: 1.05 grams per tonne gold over 11.08 metres, including 3.62 grams per tonne gold over 2.00 metres, within the Tabasco zone, adjacent to and within the 2021 MRE block model;
  • FA-19-063: 1.06 grams per tonne gold over 12.00 metres (includes previously released assays from July 9, 2019), including 4.18 grams per tonne gold over 1.50 metres, within the Tabasco zone, adjacent to and within the 2021 MRE block model;
  • FA-19-099: 1.32 grams per tonne gold over 11.70 metres (includes previously released assays from Jan. 20, 2020), including 8.33 grams per tonne gold over 1.50 metres, within area 51, adjacent to the 2021 MRE block model;
  • FA-20-126: 6.68 grams per tonne gold over 1.50 metres within area 51, outside the 2021 MRE block model;
  • FA-20-128: 4.64 grams per tonne gold over 3.20 metres, including 8.09 grams per tonne gold over 1.50 metres within area 51, outside the 2021 MRE block model;
  • FA-20-188: 6.68 grams per tonne gold over 1.50 metres within the Contact zone, adjacent to the 2021 MRE block model.

The 2022 infill assay results from 18 drill holes are reported in the attached table.

Assay quality assurance and qualified persons

Drill core samples from the continuing drill program at Fenelon are cut and bagged either on site or by contractors and transported to SGS Canada Inc. or Bureau Veritas Commodities Canada Ltd. for analysis. Samples, along with standards and blanks that are included for quality assurance and quality control, were prepared and analyzed at the laboratories. Samples are crushed to 90 per cent less than two millimetres. A one-kilogram riffle split is pulverized to 85 per cent passing 75 microns. Fifty-gram samples are analyzed by fire assay and AAS or ICP. At SGS and Bureau Veritas, samples greater than 10 grams per tonne gold are automatically analyzed by fire assay with gravimetric finish or screen metallic analysis. To test for coarse free gold and additional quality assurance and quality control, Wallbridge requests screen metallic analysis for samples containing visible gold. These and future assay results may vary from time to time due to reanalysis for quality assurance and quality control.

The qualified person responsible for the technical content of this press release is Christopher Kelly, MSc, senior geologist of Wallbridge.

About Wallbridge Mining Company Ltd.

Wallbridge is focused on creating value through the discovery, acquisition, development and production of gold from a portfolio of advanced-exploration-stage assets located in established mining jurisdictions within Canada. Wallbridge's flagship project, Fenelon, is located on the highly prospective Detour-Fenelon gold trend in northern Abitibi, Quebec. A mineral resource estimate completed in 2021 validated the multimillion-ounce gold potential of Fenelon as well as Wallbridge's nearby Martiniere property, incorporating a combined 2.67 million ounces of indicated resources and 1.72 million ounces of inferred resources. Fenelon and Martiniere, located within a 910-square-kilometre exploration land package controlled by Wallbridge, have the potential to be developed into mines and are close to existing power and transportation infrastructure. Wallbridge also has interests in several copper, nickel and platinum group metal properties, including a 17.8-per-cent interest in Lonmin Canada Inc.

We seek Safe Harbor.

© 2022 Canjex Publishing Ltd. All rights reserved.