Wallbridge Mining Company Ltd T.WM

RE:.3 g/t cutoff?

[RookieInv]

Chaulkdust wrote: RookieInv, can you point me in the direction of the PR that stated this? Seems like this is rather low g/t cutoff for a open pit? Also, the .68 g/t ore is a bit lower than usually desired. Detour is around .9 to 1.2 g/t ore grades in their open pits(I believe they have 2-3 pits running).

Hey Chaulkdust, it took me a while to find but I knew I had read it in the past.

Toronto, Ontario -- June 24, 2019 -- Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") continues to deliver on its 2019 exploration strategy at its 100%-owned Fenelon Gold property ("Fenelon" or the "Property") and provides the following update on its drilling and exploration strategy.

Wallbridge currently has four drill rigs operating on the Property with over 22,000 total metres drilled so far in 2019 and the program is on track to complete 50,000-70,000 metres as planned by the end of the year. At this time, assay results for 36 drill holes have been received with results from 44 holes pending. Recent results on both the resource drilling program and the exploration drilling program will be reported in subsequent press releases today.

The goals for 2019 are:

1. Resource Growth: Add resources in the Main Gabbro area near existing underground infrastructure (Resource Drilling)
2. Demonstrate Size Potential: Expand the known footprint of the Fenelon Gold System (Exploration Drilling)

"We are achieving excellent results on both of these goals", stated Marz Kord, President & CEO of Wallbridge. "The success of the exploration program at the Main Gabbro is demonstrated by how we have shown the mineralization continuing to depths close to 600 metres. This is complimented by the continued successful results in the newly discovered Area 51 corridor, which hosts a combination of high-grade shear zones, surrounded by low-grade pervasive alteration, giving us the optionality to evaluate this area with various resource/mining scenarios in mind. These options will be tested in 2019 for possible scenarios of open pit mining with typical cut-off grades of 0.3 grams per tonne (see Figure 1), and underground high-grade narrow vein mining or underground bulk mining. All of these are potential methods that could be used to maximize the value of this deposit".