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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 PetroLoonie1on Jan 27, 2020 6:53pm
192 Views
Post# 30605834

WM Intersects High-Grade Veins up to 800m NW of Fenelon

WM Intersects High-Grade Veins up to 800m NW of Fenelon

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1134-tsx/wm/72450-wallbridge-intersects-high-grade-gold-veins-up-to-800-metres-northwest-of-fenelon-s-known-footprint.html

TORONTO, Jan. 27, 2020 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce assay results from the previously reported VG intersection in FA-19-089 and other mineralized intervals in grassroots drill holes completed in 2019 on its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property").

FA-19-089, the first hole to test a target 800 m along strike to the northwest of the known footprint of the Area 51 gold system, intersected 83.18 g/t over 0.51 metres, highlighting the excellent potential for Area-51-style gold mineralization along the approximately four kilometre strike length of the Jeremie Pluton.
"It is quite remarkable that drill holes completed 800 metres northwest along strike of the current zones have intersected similar gold mineralization and host geology as that found in Area 51. 

Results continue to support continuity of gold mineralization along the more than two kilometres tested on the property thus far, and mineralization remains open along strike and at depth," stated Marz Kord, President & CEO of Wallbridge. 

"Our drilling strategy for 2020 is: 1) continue the expansion of the Tabasco and Area 51 zones in anticipation of a resource estimate, 2) continue significant step-out drilling to extend the known gold zones deeper and along strike and 3) test grassroots targets along the more than four kilometres of favourable geology identified to date on the Fenelon property."


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