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Bullboard - Stock Discussion Forum 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... see more

TSX:WM - Post Discussion

Wallbridge Mining Company Ltd > Today's PR Good News IMO
View:
Post by TimeBuilder on Jan 13, 2021 12:43pm

Today's PR Good News IMO

Too much data  to copy complete News   :>(

Wallbridge's Infill Wedge Drilling Results Average 9.26 g Au/t over 31.34 metres in Tabasco Shear Zone

GlobeNewswire - Wed Jan 13, 6:31AM CST
 

Wallbridge Mining Company Limited (TSX:WM.TO) ("Wallbridge" or the "Company") is pleased to announce the remaining assay results from the five wedge cuts drilled around FA-19-086 that continue to delineate the high metal factor (grade multiplied by core length) domains in Tabasco-Cayenne shear zones. As expected, the results of the FA-19-086 wedge cuts confirm a wide shear zone with good geological continuity and highly variable gold grades. The average grade and width for the original hole and the five wedge cuts, which tested a 75 by 75 metre area surrounding the original hole at approximately 25-40 metre spacing, returned (see Figs. 1 and 2):

9.26 Au g/t (8.22 Au g/t cut) over 31.34 metres

Note: Drill hole composites reported as "cut" contain higher grade samples that have been cut to 140 g/t Au.

"Highly variable grade is a characteristic of these types of gold deposits and we expected a wide range of grades in these wedge-cuts. What is most important from a mining point of view is the geological continuity of the structure and the average grade of the zone," stated Attila Pentek, Vice President Exploration of Wallbridge.

"The five wedge cuts completed around hole FA-19-086 show good geological continuities with consistent shear zone thicknesses of greater than 20 metres core length, four of the six intersections being above 3.0 g/t Au, and overall average of 9.26 g/t Au over 31.34 metres. We continue to de-risk the project with tightly spaced wedge drilling in other selected areas as outlined in Figure 1, while we also complete in-fill drilling at larger (50-60 m) spacings elsewhere within our large Tabasco-Cayenne shear system."

Comment by awacs1 on Jan 13, 2021 2:48pm
From the previous NR: ..our application for a 500 tonne per day (“ tpd ”) operation permit, no longer aligns with Fenelon’s newly demonstrated larger size”  This suggest to me that they are dropping the 500tpd side venture. The concept back when it was submitted was to generate ongoing revenue for exploration.  They have raised their sights and they have adequate $ for the next ...more  
Comment by Reachme on Jan 13, 2021 3:22pm
**This is from 2 days ago......you don't need to make suggestions...it's already very clear black on white... “The Company believes that the Fenelon gold system will support a much larger, substantially different project than originally envisioned and the current project description and ESIA, as submitted in our application for a 500 tonne per day (“ tpd ”) operation permit, no ...more  
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