TORONTO, Jan. 20, 2020 /CNW/ - Wallbridge Mining
Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the
"Company") is pleased to announce that in addition to
recent high-grade results in the Lower Tabasco Zone (see Wallbridge
Press Release dated January 06,
2020), the ongoing exploration drilling has also intersected
wide zones of gold mineralization showing bulk mining potential in
Area 51 on its 100%-owned Fenelon Gold Property ("Fenelon"
or the "Property").
"Our focus on the property over the last few months has been
dedicated to achieving several goals. Firstly, we are following up
on high-grade, underground bulk-minable resource development
particularly in the Lower Tabasco Zone. Secondly, while drilling
for the Lower Tabasco Zone, we are testing the Area 51 zones and as
such are beginning to determine both the open-pit and underground
bulk mining resource potential for Area 51. The wide intersections
of near-surface gold mineralization, such as 1.21 g/t Au over
70.99 metres in hole FA-19-080, identified in the Andromeda
Corridor of Area 51, have the potential to positively impact the
overall economics at Fenelon", stated Marz
Kord, President & CEO of Wallbridge. "Fenelon is
situated along the Sunday Lake Deformation Zone, the same structure
which hosts the Detour Lake mine, one of Canada's largest open pit gold mines; the
near-surface drill results to date and the indications of its
expansion to the south and to the west are reminiscent of the
Detour Gold's early development."
Area 51 Andromeda Corridor Highlights (Exploration
Drilling)
FA-19-080:
|
1.21 g/t Au over
70.99 metres in the Enterprise zone, including
|
5.13 g/t Au over
7.29 metres, 38.26 g/t Au over 0.59 metres and
3.56 g/t Au over 3.66 metres
|
5.72 g/t Au over
3.83 metres in the Milky Way zone and
|
11.21 g/t Au over
1.87 metres in the MIB zone (see Figs. 1, 2 and
4)
|
|
|
19-0915-011:
|
1.01 g/t Au over
132.00 metres, including
|
20.05 g/t Au over
3.88 metres (which includes 101.00 g/t Au over 0.67
metres) in the
Interstellar zone, 2.68 g/t Au over 4.11 metres in the
Enterprise zone, and 2.35 g/t Au over 7.80 metres (which
includes 15.48 g/t Au over 0.91 metres) in the Laika zone
(see Figs. 1,2, 8 and 9)
|
|
|
19-0915-016:
|
0.88 g/t Au over
167.31 metres, including
|
18.81 g/t Au over
0.67 metres in the Interstellar zone, 2.05 g/t
Au over 44.47 metres (which
includes 6.81 g/t Au over 6.29 metres and 3.46 g/t
Au over 9.63 metres) in the Laika zone and
10.40 g/t Au over 1.73 metres in the Titan zone
(see Figs. 1,2 and 9)
|
|
|
FA-19-090:
|
1.52 g/t Au over
31.10 metres, including
|
10.85 g/t Au over
1.78 metres and 13.56 g/t Au over 1.60
metres in the Laika zone and 3.15 g/t Au over 10.84
metres, including 12.56 g/t Au over 2.47 metres in
the Titan zone (see Figs. 1,2and 9)
|
|
|
FA-19-092:
|
1.53 g/t Au over
19.95 metres, including 13.81 g/t Au over 0.85 metres
(see Figs. 1, 2 and 9)
|
|
|
FA-19-099:
|
1.86 g/t Au over
18.92 metres, including 7.73 g/t Au over 3.53 metres in
the Titan zone (see
Figs. 1 and 9)
|
Lower Tabasco Zone Highlights (Exploration Drilling)
FA-19-099:
|
Further gold-bearing
assay results have been received surrounding the interval of
5.06 g/t Au over 15.15 metres announced in Wallbridge Press
Release dated January 06, 2020. The intersection is now updated as
follows (see Figs. 1,3 and 9):
|
|
|
|
4.16 g/t Au over
35.55 metres, including
|
|
|
|
|
|
6.95 g/t Au over
7.50 metres and
|
|
|
|
|
|
6.72 g/t Au over
7.50 metres
|
|
|
FA-19-075:
|
3.03 g/t Au over
18.49 metres, including 6.18 g/t Au over 8.00 metres
(see Figs. 1,3 and 6)
|
"The updated interval of 4.16 g/t Au over 35.55 metres in
FA-19-099, which is currently our deepest intersection at Fenelon,
highlights the continuing strength of the gold system at 850 metres
vertical depth and we are looking forward to testing this zone down
to 1,500 metres with this year's drill program," stated Attila
Péntek, Vice President Exploration of Wallbridge. "In addition to
receiving assays over the next several weeks from a number of
visually strong intersections in the Lower Tabasco Zone, such as
FA-019-096, -098, -103 and -104, we are looking forward to results
from several near-surface intersections, such as in holes FA-19-098
and FA-19-106, to continue demonstrating the open pit resource
potential in the Andromeda Corridor."
Main Gabbro, Serrano Zone Highlights (Definition
Drilling)
19-1110-004:
|
4.74 g/t Au over
5.88 metres, including 31.90 g/t Au over 0.60
metres
|
19-1110-010:
|
19.44 g/t Au over
3.27 metres, including 65.20 g/t Au over 0.80
metres
|
2019/2020 Drill Program
Six drill rigs are currently active on the Property: five are
focusing on exploration drilling from surface, doing large-spaced
step-outs to define the footprint of the Fenelon gold system, and
one underground drill rig is doing more closely spaced definition
drilling of the Main Gabbro zones near the existing mine workings.
A total of 75,000 metres were drilled in 2019 and the program will
be continuing in 2020 with the same drilling rate of approximately
9,000 metres per month for a total of 100,000 to 120,000
metres.
Assay results of 8 surface holes and 23 underground holes of the
2019 exploration drill program are reported in Table 1 and the
Figures. Assays are pending for 24 surface drill holes and 82
underground holes with the majority of the latter being short (<
50 m) definition drill holes in the
Main Gabbro Zone.
All figures and a table with drill hole information of recently
completed holes can be found on the Company website.
Table 1.
Wallbridge Fenelon Gold Property 2019 Drill Assay Highlights
(1)
|
Drill
Hole
|
From
|
To
|
From
|
To
|
Length
|
Au
|
Au
Cut(2)
|
VG(3)
|
Zone/Corridor
|
|
(m)
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t)
|
(g/t)
|
|
|
19-0915-003
|
No assays greater
than 1 g/t Au
|
19-0915-007
|
4.40
|
5.60
|
|
|
1.20
|
2.28
|
2.28
|
|
Guntur
|
19-0915-007
|
64.60
|
65.60
|
|
|
1.00
|
1.18
|
1.18
|
|
Area 51,
Andromeda
|
19-0915-008
|
No assays greater
than 1 g/t Au
|
19-0915-011
|
7.20
|
9.30
|
|
|
2.10
|
1.30
|
1.30
|
|
Guntur
|
19-0915-011
|
21.72
|
23.22
|
|
|
1.50
|
1.63
|
1.63
|
|
Area 51,
Andromeda
|
19-0915-011
|
277.86
|
279.09
|
|
|
1.23
|
1.11
|
1.11
|
|
Area 51,
Andromeda
|
19-0915-011
|
283.12
|
283.65
|
|
|
0.53
|
1.68
|
1.68
|
|
Area 51,
Andromeda
|
19-0915-011
|
292.04
|
293.60
|
|
|
1.56
|
3.88
|
3.88
|
|
Area 51,
Andromeda
|
19-0915-011
|
Including
|
292.95
|
293.60
|
0.65
|
8.14
|
8.14
|
|
Area 51,
Andromeda
|
19-0915-011
|
365.60
|
497.60
|
|
|
132.00
|
1.01
|
1.01
|
|
Area 51,
Andromeda
|
19-0915-011
|
Including
|
365.60
|
369.71
|
4.11
|
2.68
|
2.68
|
|
Area 51,
Andromeda
|
19-0915-011
|
And
|
406.14
|
410.02
|
3.88
|
20.05
|
20.05
|
|
Area 51,
Andromeda
|
19-0915-011
|
Which
Includes
|
409.35
|
410.02
|
0.67
|
101.00
|
101.00
|
VG
|
Area 51,
Andromeda
|
19-0915-011
|
And
|
463.50
|
471.30
|
7.80
|
2.35
|
2.35
|
|
Area 51,
Andromeda
|
19-0915-011
|
Which
Includes
|
466.09
|
467.00
|
0.91
|
15.48
|
15.48
|
|
Area 51,
Andromeda
|
19-0915-011
|
And
|
496.94
|
497.60
|
0.66
|
8.85
|
8.85
|
|
Area 51,
Andromeda
|
19-0915-011
|
510.98
|
512.43
|
|
|
1.45
|
1.47
|
1.47
|
|
Area 51,
Andromeda
|
19-0915-011
|
572.96
|
573.65
|
|
|
0.69
|
6.76
|
6.76
|
|
Area 51,
Andromeda
|
19-0915-016
|
165.00
|
166.24
|
|
|
1.24
|
1.52
|
1.52
|
|
Area 51,
Andromeda
|
19-0915-016
|
278.42
|
445.73
|
|
|
167.31
|
0.88
|
0.88
|
|
|
19-0915-016
|
Including
|
278.42
|
279.09
|
0.67
|
18.81
|
18.81
|
VG
|
Area 51,
Andromeda
|
19-0915-016
|
And
|
308.30
|
313.52
|
5.22
|
1.83
|
1.83
|
|
Area 51,
Andromeda
|
19-0915-016
|
And
|
345.53
|
390.00
|
44.47
|
2.05
|
2.05
|
|
Area 51,
Andromeda
|
19-0915-016
|
Which
Includes
|
345.53
|
351.82
|
6.29
|
6.81
|
6.81
|
|
Area 51,
Andromeda
|
19-0915-016
|
And
|
368.07
|
377.70
|
9.63
|
3.46
|
3.46
|
VG
|
Area 51,
Andromeda
|
19-0915-016
|
And
|
385.63
|
390.00
|
4.37
|
2.11
|
2.11
|
VG
|
Area 51,
Andromeda
|
19-0915-016
|
And
|
400.40
|
400.92
|
0.52
|
1.09
|
1.09
|
|
Area 51,
Andromeda
|
19-0915-016
|
And
|
417.00
|
417.95
|
0.95
|
3.52
|
3.52
|
|
Area 51,
Andromeda
|
19-0915-016
|
And
|
427.40
|
428.00
|
0.60
|
3.15
|
3.15
|
VG
|
Area 51,
Andromeda
|
19-0915-016
|
And
|
444.00
|
445.73
|
1.73
|
10.40
|
10.40
|
VG
|
Area 51,
Andromeda
|
19-0915-016
|
452.45
|
453.40
|
|
|
0.95
|
1.09
|
1.09
|
|
Area 51,
Andromeda
|
19-0915-016
|
462.85
|
464.08
|
|
|
1.23
|
1.84
|
1.84
|
|
Area 51,
Andromeda
|
19-0915-016
|
502.15
|
503.15
|
|
|
1.00
|
3.59
|
3.59
|
|
Area 51,
Andromeda
|
19-0915-016
|
523.18
|
526.10
|
|
|
2.92
|
1.19
|
1.19
|
|
Area 51,
Andromeda
|
19-1000-010
|
16.58
|
18.00
|
|
|
1.42
|
1.40
|
1.40
|
|
|
19-1000-011
|
No assays greater
than 1 g/t Au
|
19-1000-012
|
128.20
|
129.00
|
|
|
0.80
|
3.16
|
3.16
|
|
Main Gabbro, Naga
V
|
19-1000-012
|
134.45
|
135.95
|
|
|
1.50
|
1.00
|
1.00
|
|
Main Gabbro, Naga
V
|
19-1025-002
|
190.55
|
192.00
|
|
|
1.45
|
1.03
|
1.03
|
|
Main Gabbro, Naga
V
|
19-1035-008
|
156.20
|
156.52
|
|
|
0.32
|
4.95
|
4.95
|
|
Main Gabbro,
Serrano
|
19-1035-010
|
No assays greater
than 1 g/t Au
|
19-1035-011
|
No assays greater
than 1 g/t Au
|
19-1110-001
|
46.78
|
48.50
|
|
|
1.72
|
2.96
|
2.96
|
|
Main Gabbro,
Serrano
|
19-1110-002
|
45.00
|
45.92
|
|
|
0.92
|
1.77
|
1.77
|
|
Main Gabbro,
Serrano
|
19-1110-002
|
48.84
|
49.97
|
|
|
1.13
|
2.08
|
2.08
|
|
Main Gabbro,
Serrano
|
19-1110-003
|
49.90
|
51.00
|
|
|
1.10
|
1.52
|
1.52
|
|
Main Gabbro,
Serrano
|
19-1110-003
|
62.26
|
64.05
|
|
|
1.79
|
6.61
|
6.61
|
|
Main Gabbro,
Serrano
|
19-1110-004
|
47.85
|
53.73
|
|
|
5.88
|
4.74
|
4.74
|
|
Main Gabbro,
Serrano
|
19-1110-004
|
Including
|
53.13
|
53.73
|
0.60
|
31.90
|
31.90
|
VG
|
Main Gabbro,
Serrano
|
19-1110-005
|
45.00
|
51.73
|
|
|
6.73
|
2.95
|
2.95
|
|
Main Gabbro,
Serrano
|
19-1110-006
|
45.00
|
48.00
|
|
|
3.00
|
3.18
|
3.18
|
|
Main Gabbro,
Serrano
|
19-1110-007
|
48.00
|
49.00
|
|
|
1.00
|
7.68
|
7.68
|
|
Main Gabbro,
Serrano
|
19-1110-008
|
45.02
|
52.06
|
|
|
7.04
|
1.75
|
1.75
|
|
Main Gabbro,
Serrano
|
19-1110-009
|
No assays greater
than 1 g/t Au
|
19-1110-010
|
49.48
|
52.75
|
|
|
3.27
|
19.44
|
19.44
|
|
Main Gabbro,
Serrano
|
19-1110-010
|
Including
|
51.20
|
52.00
|
0.80
|
65.20
|
65.20
|
VG
|
Main Gabbro,
Serrano
|
19-1110-011
|
45.15
|
61.50
|
|
|
16.35
|
1.64
|
1.64
|
|
Main Gabbro,
Serrano
|
19-1110-011
|
Including
|
59.35
|
60.47
|
1.12
|
6.27
|
6.27
|
|
Main Gabbro,
Serrano
|
FA-19-075
|
308.67
|
309.00
|
|
|
0.33
|
1.04
|
1.04
|
VG
|
Area 51,
Andromeda
|
FA-19-075
|
418.26
|
428.67
|
|
|
10.41
|
1.10
|
1.10
|
|
Area 51,
Andromeda
|
FA-19-075
|
Including
|
418.26
|
419.32
|
1.06
|
5.71
|
5.71
|
VG
|
Area 51,
Andromeda
|
FA-19-075
|
543.00
|
544.23
|
|
|
1.23
|
2.96
|
2.96
|
|
Area 51,
Andromeda
|
FA-19-075
|
552.00
|
553.25
|
|
|
1.25
|
1.11
|
1.11
|
|
Area 51,
Andromeda
|
FA-19-075
|
554.17
|
555.00
|
|
|
0.83
|
1.08
|
1.08
|
|
Area 51,
Andromeda
|
FA-19-075
|
569.55
|
570.80
|
|
|
1.25
|
1.07
|
1.07
|
|
Area 51,
Andromeda
|
FA-19-075
|
598.01
|
616.50
|
|
|
18.49
|
3.03
|
3.03
|
|
Lower
Tabasco
|
FA-19-075
|
Including
|
608.50
|
616.50
|
8.00
|
6.18
|
6.18
|
|
Lower
Tabasco
|
FA-19-075
|
652.80
|
654.15
|
|
|
1.35
|
1.26
|
1.26
|
|
Cayenne
|
FA-19-078
|
668.00
|
669.00
|
|
|
1.00
|
1.56
|
1.56
|
|
Area 51,
Andromeda
|
FA-19-078
|
679.97
|
680.69
|
|
|
0.72
|
5.56
|
5.56
|
|
Area 51,
Andromeda
|
FA-19-078
|
690.47
|
705.59
|
|
|
15.12
|
1.35
|
1.35
|
|
Lower
Tabasco
|
FA-19-078
|
Including
|
704.51
|
705.59
|
1.08
|
11.03
|
11.03
|
|
Lower
Tabasco
|
FA-19-078
|
725.50
|
726.00
|
|
|
0.50
|
1.21
|
1.21
|
|
Cayenne
|
FA-19-078
|
790.37
|
790.92
|
|
|
0.55
|
3.43
|
3.43
|
|
Cayenne
|
FA-19-079
|
144.65
|
145.47
|
|
|
0.82
|
1.33
|
1.33
|
|
Area 51,
Andromeda
|
FA-19-079
|
181.60
|
190.70
|
|
|
9.10
|
2.01
|
2.01
|
|
Upper
Tabasco
|
FA-19-079
|
Including
|
188.02
|
188.80
|
0.78
|
10.78
|
10.78
|
|
Upper
Tabasco
|
FA-19-079
|
237.20
|
238.00
|
|
|
0.80
|
1.84
|
1.84
|
|
Upper
Tabasco
|
FA-19-080
|
87.91
|
88.87
|
|
|
0.96
|
1.22
|
1.22
|
|
Area 51,
Andromeda
|
FA-19-080
|
112.03
|
112.63
|
|
|
0.60
|
4.29
|
4.29
|
|
Area 51,
Andromeda
|
FA-19-080
|
131.84
|
202.83
|
|
|
70.99
|
1.21
|
1.21
|
|
Area 51,
Andromeda
|
FA-19-080
|
Including
|
131.84
|
139.13
|
7.29
|
5.13
|
5.13
|
|
Area 51,
Andromeda
|
FA-19-080
|
And
|
131.84
|
132.44
|
0.60
|
26.54
|
26.54
|
VG
|
Area 51,
Andromeda
|
FA-19-080
|
And
|
138.47
|
139.13
|
0.66
|
31.04
|
31.04
|
VG
|
Area 51,
Andromeda
|
FA-19-080
|
And
|
170.69
|
171.28
|
0.59
|
38.26
|
38.26
|
VG
|
Area 51,
Andromeda
|
FA-19-080
|
And
|
199.17
|
202.83
|
3.66
|
3.56
|
3.56
|
VG
|
Area 51,
Andromeda
|
FA-19-080
|
319.05
|
322.88
|
|
|
3.83
|
5.72
|
5.72
|
|
Area 51,
Andromeda
|
FA-19-080
|
Including
|
319.05
|
320.40
|
1.35
|
9.29
|
9.29
|
|
Area 51,
Andromeda
|
FA-19-080
|
341.70
|
342.28
|
|
|
0.58
|
1.59
|
1.59
|
|
Area 51,
Andromeda
|
FA-19-080
|
358.15
|
360.70
|
|
|
2.55
|
2.66
|
2.66
|
|
Area 51,
Andromeda
|
FA-19-080
|
396.92
|
398.34
|
|
|
1.42
|
1.59
|
1.59
|
|
Area 51,
Andromeda
|
FA-19-080
|
409.91
|
411.78
|
|
|
1.87
|
11.21
|
11.21
|
V G
|
Area 51,
Andromeda
|
FA-19-088
|
51.00
|
56.16
|
|
|
5.16
|
2.40
|
2.40
|
|
Area 51,
Andromeda
|
FA-19-088
|
Including
|
51.00
|
52.50
|
1.50
|
6.65
|
6.65
|
|
Area 51,
Andromeda
|
FA-19-088
|
75.42
|
77.23
|
|
|
1.81
|
2.69
|
2.69
|
|
Area 51,
Andromeda
|
FA-19-088
|
87.00
|
87.95
|
|
|
0.95
|
1.15
|
1.15
|
|
Area 51,
Andromeda
|
FA-19-088
|
89.85
|
90.77
|
|
|
0.92
|
1.89
|
1.89
|
|
Area 51,
Andromeda
|
FA-19-090
|
68.75
|
69.82
|
|
|
1.07
|
2.85
|
2.85
|
|
Area 51,
Andromeda
|
FA-19-090
|
123.49
|
124.25
|
|
|
0.76
|
1.09
|
1.09
|
|
Area 51,
Andromeda
|
FA-19-090
|
225.00
|
235.84
|
|
|
10.84
|
3.15
|
3.15
|
|
Area 51,
Andromeda
|
FA-19-090
|
Including
|
225.00
|
227.47
|
2.47
|
12.56
|
12.56
|
|
Area 51,
Andromeda
|
FA-19-090
|
325.42
|
326.82
|
|
|
1.40
|
5.37
|
5.37
|
|
Area 51,
Andromeda
|
FA-19-090
|
372.84
|
373.45
|
|
|
0.61
|
3.41
|
3.41
|
|
Area 51,
Andromeda
|
FA-19-090
|
404.73
|
405.25
|
|
|
0.52
|
1.26
|
1.26
|
|
Area 51,
Andromeda
|
FA-19-090
|
408.32
|
409.55
|
|
|
1.23
|
2.20
|
2.20
|
|
Area 51,
Andromeda
|
FA-19-090
|
425.70
|
456.80
|
|
|
31.10
|
1.52
|
1.52
|
|
Area 51,
Andromeda
|
FA-19-090
|
Including
|
425.70
|
427.48
|
1.78
|
10.85
|
10.85
|
|
Area 51,
Andromeda
|
FA-19-090
|
And
|
455.20
|
456.80
|
1.60
|
13.56
|
13.56
|
|
Area 51,
Andromeda
|
FA-19-090
|
521.48
|
528.00
|
|
|
6.52
|
1.39
|
1.39
|
|
Area 51,
Andromeda
|
FA-19-090
|
566.60
|
575.32
|
|
|
8.72
|
1.38
|
1.38
|
|
Area 51,
Andromeda
|
FA-19-090
|
Including
|
574.52
|
575.32
|
0.80
|
8.87
|
8.87
|
|
Area 51,
Andromeda
|
FA-19-090
|
606.96
|
607.50
|
|
|
0.54
|
1.93
|
1.93
|
VG
|
Area 51,
Andromeda
|
FA-19-090
|
688.79
|
690.00
|
|
|
1.21
|
1.11
|
1.11
|
|
New
zone
|
FA-19-092
|
433.84
|
435.25
|
|
|
1.41
|
1.46
|
1.46
|
|
Area 51,
Andromeda
|
FA-19-092
|
478.16
|
482.45
|
|
|
4.29
|
2.70
|
2.70
|
|
Area 51,
Andromeda
|
FA-19-092
|
494.64
|
495.50
|
|
|
0.86
|
1.05
|
1.05
|
|
Area 51,
Andromeda
|
FA-19-092
|
499.33
|
499.95
|
|
|
0.62
|
2.41
|
2.41
|
|
Area 51,
Andromeda
|
FA-19-092
|
508.78
|
516.90
|
|
|
8.12
|
2.31
|
2.31
|
|
Area 51,
Andromeda
|
FA-19-092
|
Including
|
512.01
|
512.63
|
0.62
|
13.63
|
13.63
|
|
Area 51,
Andromeda
|
FA-19-092
|
And
|
515.74
|
516.25
|
0.51
|
11.68
|
11.68
|
VG
|
Area 51,
Andromeda
|
FA-19-092
|
560.11
|
560.90
|
|
|
0.79
|
1.98
|
1.98
|
|
Area 51,
Andromeda
|
FA-19-092
|
564.31
|
565.53
|
|
|
1.22
|
1.23
|
1.23
|
|
Area 51,
Andromeda
|
FA-19-092
|
580.15
|
581.51
|
|
|
1.36
|
1.00
|
1.00
|
|
Area 51,
Andromeda
|
FA-19-092
|
587.05
|
607.00
|
|
|
19.95
|
1.53
|
1.53
|
|
Area 51,
Andromeda
|
FA-19-092
|
Including
|
606.15
|
607.00
|
0.85
|
13.81
|
13.81
|
|
Area 51,
Andromeda
|
FA-19-092
|
638.65
|
646.78
|
|
|
8.13
|
2.20
|
2.20
|
VG
|
Area 51,
Andromeda
|
FA-19-092
|
Including
|
638.65
|
640.76
|
2.11
|
6.57
|
6.57
|
|
Area 51,
Andromeda
|
FA-19-092
|
659.66
|
661.07
|
|
|
1.41
|
2.07
|
2.07
|
|
Area 51,
Andromeda
|
FA-19-092
|
742.41
|
743.61
|
|
|
1.20
|
2.88
|
2.88
|
|
New
Zone
|
FA-19-092
|
754.00
|
757.19
|
|
|
3.19
|
2.14
|
2.14
|
|
New
Zone
|
FA-19-092
|
852.00
|
853.58
|
|
|
1.58
|
6.56
|
6.56
|
|
Cayenne
|
FA-19-099
|
69.00
|
69.50
|
|
|
0.50
|
3.44
|
3.44
|
|
Area 51,
Andromeda
|
FA-19-099
|
148.39
|
149.87
|
|
|
1.48
|
1.16
|
1.16
|
|
Area 51,
Andromeda
|
FA-19-099
|
327.21
|
328.44
|
|
|
1.23
|
2.26
|
2.26
|
|
Area 51,
Andromeda
|
FA-19-099
|
389.49
|
390.00
|
|
|
0.51
|
1.54
|
1.54
|
|
Area 51,
Andromeda
|
FA-19-099
|
414.00
|
415.16
|
|
|
1.16
|
1.70
|
1.70
|
|
Area 51,
Andromeda
|
FA-19-099
|
435.00
|
435.78
|
|
|
0.78
|
2.91
|
2.91
|
|
Area 51,
Andromeda
|
FA-19-099
|
446.71
|
447.43
|
|
|
0.72
|
5.23
|
5.23
|
|
Area 51,
Andromeda
|
FA-19-099
|
614.69
|
623.03
|
|
|
8.34
|
1.29
|
1.29
|
|
Area 51,
Andromeda
|
FA-19-099
|
Including
|
616.92
|
617.56
|
0.64
|
6.67
|
6.67
|
|
Area 51,
Andromeda
|
FA-19-099
|
643.40
|
662.32
|
|
|
18.92
|
1.86
|
1.86
|
|
Area 51,
Andromeda
|
FA-19-099
|
Including
|
658.79
|
662.32
|
3.53
|
7.73
|
7.73
|
|
Area 51,
Andromeda
|
FA-19-099
|
689.00
|
690.00
|
|
|
1.00
|
4.44
|
4.44
|
|
Area 51,
Andromeda
|
FA-19-099
|
724.00
|
724.57
|
|
|
0.57
|
2.48
|
2.48
|
|
Area 51,
Andromeda
|
FA-19-099
|
732.15
|
736.17
|
|
|
4.02
|
1.16
|
1.16
|
|
Area 51,
Andromeda
|
FA-19-099
|
746.11
|
746.71
|
|
|
0.60
|
1.28
|
1.28
|
|
Area 51,
Andromeda
|
FA-19-099
|
767.18
|
768.00
|
|
|
0.82
|
3.48
|
3.48
|
|
Area 51,
Andromeda
|
FA-19-099
|
781.38
|
782.14
|
|
|
0.76
|
1.03
|
1.03
|
|
Area 51,
Andromeda
|
FA-19-099
|
786.00
|
787.20
|
|
|
1.20
|
1.24
|
1.24
|
|
Area 51,
Andromeda
|
FA-19-099
|
818.49
|
819.29
|
|
|
0.80
|
1.02
|
1.02
|
|
Area 51,
Andromeda
|
FA-19-099
|
847.10
|
847.85
|
|
|
0.75
|
2.18
|
2.18
|
|
Area 51,
Andromeda
|
FA-19-099
|
894.51
|
895.15
|
|
|
0.64
|
4.87
|
4.87
|
|
Area 51,
Andromeda
|
FA-19-099
|
901.84
|
903.00
|
|
|
1.16
|
1.34
|
1.34
|
|
Area 51,
Andromeda
|
FA-19-099
|
910.03
|
910.66
|
|
|
0.63
|
7.39
|
7.39
|
|
Area 51,
Andromeda
|
FA-19-099
|
950.90
|
951.55
|
|
|
0.65
|
4.01
|
4.01
|
VG
|
Area 51,
Andromeda
|
FA-19-099
|
1008.45
|
1044.00
|
|
|
35.55
|
4.16
|
4.16
|
|
Lower Tabasco
(4)
|
FA-19-099
|
Including
|
1009.00
|
1016.50
|
7.50
|
6.95
|
6.95
|
VG
|
Lower
Tabasco
|
FA-19-099
|
And
|
1036.50
|
1044.00
|
7.50
|
6.72
|
6.72
|
|
Lower
Tabasco
|
FA-19-099
|
1075.50
|
1076.50
|
|
|
1.00
|
1.01
|
1.01
|
|
Cayenne
|
FA-19-099
|
1083.25
|
1085.25
|
|
|
2.00
|
5.31
|
5.31
|
|
Cayenne
|
(1)
|
Table includes only
highlight assay results received since the latest press
release
|
(2)
|
Au cut at 140 g/t
following InnovExplo's 2016 Mineral Resource Estimate
|
(3)
|
Intervals containing
visible gold ("VG")
|
(4)
|
Interval changed from
that previously reported in Wallbridge Press Release dated
January 06, 2020 after receiving further surrounding assay
results
|
Note:
|
True widths are
estimated to be 50-80% of the reported core length
intervals
|
About the Fenelon Gold Property
The Fenelon Gold Property is located proximal to the Sunday Lake
Deformation Zone, an emerging gold belt in northwestern
Quebec. This major east-west
structure in the northern Abitibi greenstone belt hosts the Detour
Lake mine, and is very similar to other breaks controlling
world-class gold camps in the southern Abitibi, yet it remains
underexplored due to thick glacial cover.
At Fenelon, secondary splays of the Sunday Lake Deformation Zone
have controlled the emplacement of a significant gold system along
and within the Jeremie Pluton. Historically, exploration has
focused on high-grade shear zones hosted in the Main Gabbro, and
this is where Wallbridge completed a bulk sample of 33,500 tonnes
grading 18.49 g/t gold.
In late 2018, exploration drilling discovered a new geologic
setting with extensive vein- and shear-hosted gold mineralization
along and within the pluton, naming it Area 51. The 75,000 m 2019 drill program has proven the
connectivity of Area 51 through the sediment-hosted Tabasco and
Cayenne Zones to the Main Gabbro and has significantly expanded the
footprint and depth extent of the Fenelon gold system. The ongoing,
fully funded 100,000 to 120,000 metre 2020 drill program is aiming
to further define the size potential of the deposit and complete
in-fill drilling in support of a maiden 43-101 resource
estimate.
Assay QA/QC and Qualified Persons
Drill core samples from the ongoing drill program at Fenelon are
cut and bagged either on site or by contractors and transported to
either SGS Canada Inc. or ALS Canada Ltd for analysis. Samples,
along with standards, blanks and duplicates included for quality
assurance and quality control, were prepared and analyzed at SGS
Canada Inc. or ALS Canada Ltd. laboratories. Samples are crushed to
90% or 95% less than 2mm. A 1kg riffle split is pulverized to
>95% passing 106 microns or 85% passing 75 microns. 50g samples
are analyzed by fire assay and AAS. At SGS, samples >10g/t Au
are automatically analyzed by fire assay with gravimetric finish or
screen metallic analysis. To test for coarse free gold and for
additional quality assurance and quality control, Wallbridge
requests screen metallic analysis for samples containing visible
gold. These and future assay results may vary from time to time due
to re-analysis for quality assurance and quality control.
The Qualified Person responsible for the technical content of
this press release is Evan Slater,
P.Geo., M.Sc., Senior Project Geologist of Wallbridge.
About Wallbridge Mining
Wallbridge is establishing a pipeline of projects that will
support sustainable 100,000 ounce-plus annual gold production as
well as organic growth through exploration and scalability.
The Company is currently developing its 100%-owned Fenelon Gold
Property, which is located proximal to the Sunday Lake Deformation
Zone, an emerging gold belt in northwestern Quebec with ongoing 100,000 to 120,000 m exploration drill program in 2020 and a
33,500-tonne bulk sample and 75,000 m
drilling completed in 2019. Wallbridge is also pursuing additional
advanced-stage projects which would add to the Company's near-term
project pipeline. Wallbridge is also the operator of, and a 20%
shareholder in, Loncan Canada Inc., a privately-held company with a
large portfolio of nickel, copper, and PGM projects in Ontario's Sudbury Basin.
This press release may contain forward-looking statements
(including "forward-looking information" within the meaning of
applicable Canadian securities legislation and "forward-looking
statements" within the meaning of the US Private Securities
Litigation Reform Act of 1995) relating to, among other things, the
operations of Wallbridge and the environment in which it operates.
Generally, forward-looking statements can be identified by the use
of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Wallbridge has relied on
a number of assumptions and estimates in making such
forward-looking statements, including, without limitation, the
costs associated with the development and operation of its
properties. Such assumptions and estimates are made in light of the
trends and conditions that are considered to be relevant and
reasonable based on information available and the circumstances
existing at this time. A number of risk factors may cause actual
results, level of activity, performance or outcomes of such
exploration and/or mine development to be materially different from
those expressed or implied by such forward-looking statements
including, without limitation, whether such discoveries will result
in commercially viable quantities of such mineralized materials,
the possibility of changes to project parameters as plans continue
to be refined, the ability to execute planned exploration and
future drilling programs, the need for additional funding to
continue exploration and development efforts, changes in general
economic, market and business conditions, and those other risks set
forth in Wallbridge's most recent annual information form under the
heading "Risk Factors" and in its other public filings.
Forward-looking statements are not guarantees of future performance
and such information is inherently subject to known and unknown
risks, uncertainties and other factors that are difficult to
predict and may be beyond the control of Wallbridge. Although
Wallbridge has attempted to identify important risks and factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors and risks that cause actions, events or
results not to be as anticipated, estimated or intended.
Consequently, undue reliance should not be placed on such
forward-looking statements. In addition, all forward-looking
statements in this press release are given as of the date
hereof.
Wallbridge disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, save and except as may
be required by applicable securities laws. The forward-looking
statements contained herein are expressly qualified by this
disclaimer.
SOURCE Wallbridge Mining Company Limited