Wallbridge Mining exploration results
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (“Wallbridge” or the “Company”) is pleased to announce that the first hole of its 2019 surface drill program has intersected multiple visible gold-bearing shear zones and other abundant mineralized veins over an approximately 275 metre core length, said a company news release on Monday.
These multiple structures and gold occurrences confirm the recently-announced Area 51 discovery (see Wallbridge Press Release dated February 21, 2019) as a significant size target which increases the ultimate size potential of the gold system at its 100%-owned Fenelon Gold property (“Fenelon” or the “Property”). Assay results are pending and will be reported when received. In addition, Wallbridge continues to achieve positive results from the underground drill program targeting the extensions of the other known zones at Fenelon.
- Six intersections of visible gold were observed in the first hole of 2019 surface drilling program (FA-19-052) within Area 51, confirming the significance of this previously unknown mineralized corridor located approximately 300 mwest of the bulk sample area that was discovered by the last hole of the 2018 program (FA-18-051).
- The Area 51 gold system appears to have formed along the regional contact of a, thus far unknown, southern extension of the Jeremie Pluton. Geophysical data indicates that this northwest-southeast-trending contact may extend over 2.5 kilometres on the Property representing one of the main targets for the 2019 exploration drill program.
- The Area 51 and Tabasco mineralized corridors now extend down to 500 metre vertical depth.
- The main gabbroic sill and mineralized zones hosted within have now been extended down to 650 metre vertical depth. Chalcopyrite in silicified shear zones indicates the presence of the gold-bearing system.
More information can be found on the company website.