Wallbridge Mining Company Limited today announced that drill testing on 11 new gold exploration targets at its 100%-owned Grasset Gold property has begun.
“The discovery of new gold zones on Wallbridge’s large and highly prospective land package in Northern Abitibi, Quebec is a key objective of the 2023 exploration plan we announced in January. Located only 15 kilometres east of Wallbridge’s flagship Fenelon Gold Project, Grasset Gold is a prime example of the potential of our land position in the underexplored Detour-Fenelon Gold Trend,” said Attila Péntek, Wallbridge’s Vice President-Exploration.
“We are excited to start drilling at the Grasset East Flexure Target, which has been intriguing our geology team since the acquisition of the property from Balmoral Resources in 2020. After completing a high-resolution airborne magnetics survey last year followed by geologic interpretation and targeting, we have selected priority targets for our initial Phase 1 drill program to test this underexplored target area favorable for gold deposition.”
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates.
Wallbridge’s flagship project, Fenelon Gold, is located on the highly prospective Detour-Fenelon Gold Trend Property in Québec’s Northern Abitibi region. An updated mineral resource estimate completed in January 2023 yielded significantly improved grades and additional ounces at the 100%-owned Fenelon and Martiniere projects, incorporating a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources.
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