A combined resources of 3.05 mn oz of gold

May 09, 2023

Wallbridge Mining Company announced that its 2023 exploration drill program has greatly expanded the footprint of the gold mineralization at Fenelon gold project. The initial drill results have identified new, near-surface gold mineralization 1 kilometre to the northwest and 2.5 kilometres to the east of the 2023 Mineral Resource Estimate (MRE).

Fenelon and Martiniere projects, incorporating a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830 km2 exploration land package controlled by Wallbridge.

This corridor is interpreted to represent a splay of the Sunday Lake Deformation Zone which is the main control for gold mineralization along the Detour-Fenelon Gold Trend. Follow-up drilling will aim to define the geometry and structural controls of the mineralized zones.

Attila Péntek, Wallbridge’s Vice President, Exploration, commented: “The Target 1 intersection, located in a newly-discovered Jeremie Diorite body, has now opened up a new area for future exploration and shows the excellent potential to significantly expand the known extent of the mineralized footprint of our flagship project.

The area extending several kilometres east of the Fenelon deposit had been identified as having the right geologic ingredients for gold deposition. Our initial results at Target 5 confirm our exploration thesis here.”

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