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Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s):  WLBMF

Wallbridge Mining Company Limited is a Canada-based company, which is engaged in the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Quebec's Northern Abitibi region. The Company is focused on advancing its 100% owned Fenelon project and Martiniere project. The projects are situated within the Company's approximately 830 square kilometer (km2) Detour-Fenelon Gold Trend Property located in the Nord-du-Quebec administrative region approximately 75 kilometers (km) west-northwest of the town of Matagami, in the province of Quebec, Canada. Its Detour-Fenelon Gold Trend projects include Casault, Detour East, Grasset Gold, Harri and Doigt. The Company owns a 100% interest in the Nantel property. Its other gold assets include Hwy 810, Beschefer and N2 Property. The Grasset gold property is located immediately east of and adjoins the Fenelon property. The Company also holds approximately 15.8% interest in the common shares of NorthX Nickel Corp.


TSX:WM - Post by User

Post by actionguyon Jan 26, 2019 1:52pm
114 Views
Post# 29285099

juicy stuff

juicy stuff

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.

The 2019 surface exploration drill program will follow known mineralized zones to 300-400 m depth and test targets further away from the mine workings. Along with testing other high priority targets, initially we will be following-up on the deep visible gold-bearing intersections with more closely spaced drilling.

A surface IP survey is also planned for Q1 2019 to test 600 m strike length of the gold-hosting mineralized environment northwest of the main deposit.

The bulk sample program is designed to test a few stopes in several zones. Overall grade from these planned stopes is estimated to average 18 to 25 g/t gold for total estimated production of 19,000 to 26,000 ounces of gold.

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