Wallbridge Mining Company Limited (TSX: WM) (OTCQX:WLBMF) is pleased to provide further positive assay results from the ongoing in-fill sampling program at its flagship Fenelon Gold project. The results include additional gold mineralization and extensions to mineralized intervals in previously unsampled sections of drill core within and adjacent to Fenelon’s existing Mineral Resource Estimate footprint.
“The systematic in-fill sampling program we initiated at Fenelon earlier this year has exceeded our expectations, with a substantial number of previously unsampled drill core intervals returning assays above the cut-off grade for the existing MRE. This underscores the quality and scale of the gold mineralization at Fenelon and has allowed us to delineate wider mineralized zones and adjust our models for future resource estimates. Based on our improved understanding of the gold system, we will continue to leverage this cost-effective strategy to evaluate intervals of the previously drilled core that have the potential to host gold mineralization, but may have been overlooked in the past,” said Attila Péntek, Wallbridge’s Vice President, Exploration.
The Company has prioritized more than 30,000 metres of previously unsampled drill core for in-fill sampling by the third quarter of 2022. This evaluation will focus on intervals that occur within or adjacent to known mineralized zones. To date, approximately 25,914 metres of previously unsampled drill core have been collected as part of the 2022 in-fill program, of which results for 19,215 metres have been received.
Highlights from the in-fill sampling program of previously unsampled drill core intervals released today include the following:
|19-0915-026||1.36 g/t Au over 34.00 metres, including|
|8.49 g/t Au over 0.95 metres, and|
|3.11 g/t Au over 10.15 metres (Previously Released May 20, 2020), within Area 51.|
|FA-21-260||2.13 g/t Au over 27.50 metres, including|
|6.91 g/t Au over 7.60 metres, which includes|
|51.10 g/t Au over 0.60 metres (Previously Released August 05, 2021) and|
|9.92 g/t Au over 1.50 metres within the Tabasco zone.|
|FA-19-086-W1||0.86 g/t Au over 14.60 metres, including|
|4.06 g/t Au over 1.50 metres within the Contact zone.|
|FA-20-113||1.24 g/t Au over 12.10 metres, including|
|2.17 g/t Au over 5.40 metres (Previously Released May 20, 2020), within the Contact zone.|
|FA-20-158||8.12 g/t Au over 1.50 metres within Area 51.|
|FA-20-164||17.69 g/t Au over 1.50 metres within Area 51.|
The 2022 in-fill assay results from 15 drill holes are reported in the table and figures below. All figures and the table with drill hole information of recently completed holes are posted on the Company’s website under “Current Program” at www.wallbridgemining.com/s/fenelon.asp.
Figure 1. Fenelon Gold, Drill Core In-Fill Sampling Program, Plan View
Figure 2. Fenelon Gold, Drill Core In-Fill Sampling Program, Vertical Sections
|Table 1. Wallbridge Fenelon Gold Property, 2022 In-fill Assay Highlights(1)|
|Drill Hole||From||To||Length||Au||Au Cut(2)||VG(3)||Zones|
|And…PR’ed May 20, 2020||459.90||470.05||10.15||3.11||3.11||Area 51|
|Including…PR’ed May 20, 2020||454.20||459.60||5.40||2.17||2.17||Area 51|
|Which Includes… PR’ed August 5, 2021||396.80||397.40||0.60||51.10||51.10||Tabasco|
|(1)Table includes only assay results received since the latest press release dated July 26, 2022.|
|(2)Au cut at: 110 g/t Au for the Tabasco/Contact /Cayenne zones; 75 g/t Au for the Area 51 zones.|
|(3)Intervals containing visible gold.|
|* Results reported here contain previously announced intervals that were extended with new assay results.|
|Note: True widths are estimated to be 50‒80% of the reported core length intervals.|
Assay QA/QC and Qualified Persons
Drill core samples from the ongoing 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, standards and blanks are included for quality assurance and quality control, were prepared and analyzed at the laboratories. Samples are crushed to 90% less than 2mm. A 1kg riffle split is pulverized to 85% passing 75 microns. 50g samples are analyzed by fire assay and AAS or ICP. At SGS and Bureau Veritas, samples >10g/t Au 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 re‒analysis for quality assurance and quality control.
The Qualified Person responsible for the technical content of this press release is Peter Lauder, P.Geo, Exploration Manager of Wallbridge.
About Wallbridge Mining
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 multi-million-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% interest in Lonmin Canada Inc.
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