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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

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Post by pepperino on Dec 28, 2023 1:52pm

Detour East

Currower, you might be happy in 2024.  From the Wallbridge website:

"In 2023, data compilation, interpretation and targeting will be completed to get targets ready for active exploration work to be done in 2024"

It sounds like drilling will happen (finally).  I hope they have enough money.   The drill budgets are gettign smaller each year.    In 2016, Balmoral discover gold on Detour East at the Lynx and Rambo prospects.   

"The main gold occurrences on the property are the Lynx and Rambo prospects with highlight drill hole intersections of 9.61 g/t Au over 6.25 m and 1.22 g/t Au over 20.10 m, respectively."

I sure hope they find alot more of this.  I'm optimistic for 2024 to be a good year for expanding the resource.
Comment by Currower on Dec 28, 2023 5:12pm
I am also. Where do you find gold? Where there already is gold. Detour Fenelon Martiniere etcetera. All of this could have been avoided if the Detour East joint? venture had not been approved by our?  board in Nov 2020 when I came on this board in disgust. Alienating other majors when there was no necessity so early in our development timeline. We still have Anthony Makuch who approved that ...more  
Comment by russelltfloyd on Dec 28, 2023 5:57pm
50 million dollar shelf is about 500 million more shares currently. Dilution is the enemy of the bagholders. Glad I got out cause I can always get back in. Biggest threats to longs are consolidation,dilution and mediocre drill results. Good luck.
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