Wallbridge Mining Company Limited (TSX: WM) (OTCQX:WLBMF) reported positive assay results from its ongoing in-fill 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,” said Attila Péntek, 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 in-fill program, of which results for 7,923 samples have been received.

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

The 2022 in-fill assay results from 18 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 https://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

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, 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% 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 Christopher Kelly, MSc, Senior Geologist 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.