- Wallbridge Mining Company (WM) is reporting positive assay results stemming from ongoing drilling at the company’s Fenelon Gold Project
- The Ontario-based mineral exploration company further expanded the lateral footprint of the existing deposit at the project
- The company’s strategic land package covers roughly 910 square kilometres along the Detour-Fenelon Gold Trend
- Assay results are from 22 completed drill holes
- Wallbridge Mining Company is unchanged, trading at $0.14 at 10:15 am ET
Wallbridge Mining Company (WM) is reporting positive assay results stemming from ongoing drilling at the company’s Fenelon Gold Project.
The Ontario-based mineral exploration company further expanded the lateral footprint of the existing deposit at the project. This pushes it beyond the maiden Mineral Resources Estimate in 2021.
Assay results are from 22 completed drill holes.
The project is located 80 kilometres east of Agnico Eagle’s Detour Lake gold mine at the centre of Wallbridge’s strategic land package, which covers roughly 910 square kilometres along the Detour-Fenelon Gold Trend.
“Today’s results add new gold mineralization along the eastern and western margins of the 2021 MRE. We are particularly pleased with the gold endowment in the eastern part of the deposit, where the host diorite is pervasively mineralized and we have encountered high-quality gold zones that remain entirely open toward the southeast,” said President and CEO Marz Kord.
“Overall, the drilling at Fenelon this year has continued to prove extensions of new gold zones in multiple directions, which will help strengthen the Project by delivering a more robust orebody with the flexibility to develop an optimal mine design. Our geologists and technical staff envision the next mineral resource estimate could point to a primarily bulk-mineable underground resource at Fenelon with possible smaller open pits on shallow mineralized zones such as at Gabbro and Area 51.”
Wallbridge Mining Company is unchanged, trading at $0.14 at 10:15 am ET.