- Wallbridge Mining (WM) has discovered new gold mineralization in the first drill hole of this summer’s 5,300 metre drill program on the Casault Gold Property
- This intersection largely is located in an untested part of the property
- This hole is one of 13 drilled over the last few months to test a variety of exploration targets
- Wallbridge is advancing the exploration and development of its 100 per cent‒owned Fenelon Gold property in northwestern Quebec
- Wallbridge Mining Company Limited (WM) opened trading at C$0.57 per share
Wallbridge Mining (WM) has discovered new gold mineralization on the Casault Gold Property.
This intersection is considered significant as it is located in the northern, largely untested part of the property, where no gold zone has been identified to date.
This hole is one of 13 drilled over the last few months to test a variety of exploration targets 4 to 12 kilometres west of the company’s Martiniere Gold Property.
The other 12 drill holes of the Casault program have also intersected strong shear and alteration zones with sulfide mineralization that are interpreted to potentially be part of gold-bearing systems.
Assay results of these drill holes are pending and will be released as they become available.
Marz Kord, President & CEO of Wallbridge commented on the discovery.
“This intersection of encouraging gold mineralization in the first drill hole of our Casault program in an entirely grassroots area is not only a testament to our growing understanding of the regional controls on gold deposition in the Detour-Fenelon area but also to the prospectivity of the over 900 square kilometre land package along this underexplored belt. We are keenly awaiting the assay results of other completed holes and are looking forward to following-up on this intersection.”
Wallbridge is advancing the exploration and development of its 100 per cent‒owned Fenelon Gold property located along the Detour‒Fenelon Gold Trend, an emerging gold belt in northwestern Québec. The company is currently conducting a fully‒funded 2021 program of approximately 150,000-170,000 metres of drilling and 2,500 metres of underground exploration development. Wallbridge intends to complete a maiden mineral resource estimate on the Fenelon Gold System in October 2021.
Wallbridge Mining Company Limited (WM) opened trading at C$0.57 per share.