- Wallbridge Mining Company Ltd. (WM) released new assay results from its Martiniere Gold property
- 12.27 g/t Au over 5.60 metres in hole MR-22-026, extending the Martiniere West zone along strike by over 400 metres to the southwest
- Having just completed 21,400 metres of additional drilling at Martiniere this year, the company calls this significant new data for an updated resource estimate at Martiniere
- Wallbridge Mining Company Ltd. (WM) is down 3.03 per cent, trading at C$0.16 per share at 4:40 pm ET
Wallbridge Mining Company Ltd. (WM) released new assay results from its Martiniere Gold property.
New results include:
12.27 g/t Au over 5.60 metres in hole MR-22-026, extending the Martiniere West zone along strike by over 400 metres to the southwest; 4.75 g/t Au over 5.50 metres in hole MR-22-020, extending the Martiniere West zone down-plunge by over 300 metres; and 2.50 g/t Au over 17.35 metres, near-surface in hole MR-22-029 in the area between the Martiniere West and Central zones.
Having just completed 21,400 metres of additional drilling at Martiniere this year, the company calls this significant new data for an updated resource estimate at Martiniere.
Martiniere is located 30 kilometres and within trucking distance of the company’s flagship Fenelon Gold Project on the highly prospective Detour-Fenelon Gold Trend in Northern Abitibi, Quebec. Martiniere currently contains 544,000 ounces of indicated gold resources and 256,000 ounces of inferred gold resources within a large, mineralized footprint of 4 sq. km.
Wallbridge’s Vice President, Exploration, Attila Péntek, commented that the 2021-2022 exploration program at Martiniere has provided essential geologic information on the orientation of the gold zones and their host rocks and has demonstrated resource expansion potential in multiple directions.
“We see excellent opportunities to add to the existing resource, including at shallow depths, as in hole MR-22-029, and the deposit remains largely untested below 400 metres from the surface. We will use the remainder of the year to incorporate this new data, along with pending assays from three more exploration holes, into our geology models, in preparation for an updated Mineral Resource Estimate and planning for our 2023 exploration program at the property.”
Wallbridge Mining Co Ltd. (WM) is engaged in the acquisition, discovery, development, and production of metals, focusing on gold, copper, nickel, and platinum group metals. The company owns Sudbury Projects, Quebec Projects, and Equity Investments. Wallbridge completed operations at its first polymetallic mine, producing copper, platinum, palladium, and gold from the Broken Hammer.
Wallbridge Mining Company Ltd. (WM) is down 3.03 per cent, trading at C$0.16 per share at 4:40 pm ET.
