Wallbridge Mining Company Limited (TSX: WM) today released the company’s assay results from its drill program at the Fenelon Gold Property. Results from the current program are focused on better defining and expanding mineralization for the firms maiden resource estimate at the project.
The maiden mineral resource estimate is expected to be released before the end of September 2021. More than 200,000 meters of drilling for incorporation into the maiden estimate has been conducted to date.
Results released this morning include:
- FA-21-226-W1-W2: 4.99 g/t gold over 38.10 meters, including 15.81 g/t gold over 8.50 meters
- FA-21-253: 15.57 g/t gold over 10.80 meters
- FA-21-226-W1-W1: 6.28 g/t gold over 26.00 meters
Drilling presently is focused on the central portion of the Fenelon Gold system, where the company is focused on establishing its maiden resource. With a focus on this, the company has been conducting infill drilling mineralized envelopes underground at Tabasco, Cayenne, Gabbro, and Area 51, while also conducting on surfacing drilling along the latter zone.
A total of 170,00 metres of drilling is slated to take place at the property this year. An estimated 10 to 15% of total drilling is to be focused on regional exploration.
Full drilling results released this morning can be found here.
Wallbridge Mining Company Limited last traded on the TSX at $0.64.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.