- Wallbridge Mining Company Limited (WM) has discovered continuous gold mineralization from the in-fill sampling program at its Fenelon Gold Project
- The program yielded additional gold mineralization from previously unsampled sections of drill core within and adjacent to the existing mineral resource estimate
- Results will be used for the project’s estimate update and preliminary economic assessment expected for early 2023
- Two holes highlighted the potential for gold expansion in multiple directions
- Wallbridge Mining Company Limited (WM) is unchanged, trading at $0.15 per share as of 1:34 p.m. ET
Wallbridge Mining Company Limited (WM) has discovered continuous gold mineralization from the in-fill sampling program at its Fenelon Gold Project.
According to the company, the program yielded additional gold mineralization from previously unsampled sections of drill core within and adjacent to the existing mineral resource estimate (MRE).
The results from this program will be used for the project’s MRE update and preliminary economic assessment (PEA) expected for early 2023.
Attila Péntek, Wallbridge’s Vice President of Exploration, commented:
“The high-grade interval… from the Contact Zone in hole FA-20-195, one of the northwestern-most intersections of this zone, is very important because it underscores the potential for additional resource growth in this direction.”
Another gold intersection from hole FA-06-270 was hit at a very shallow depth in the Tabasco Zone, which allowed for an even larger expansion of mineralization.
The Fenelon Gold Project has a current mineral resource estimate with a combined 2.67 million ounces of indicated gold resources and 1.72 million ounces of inferred gold resources.
Wallbridge Mining Company Limited (WM) is unchanged, trading at $0.15 per share as of 1:34 p.m. ET.