| Announcement Date: | 2022-11-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Wallbridge Mining Company Ltd. |
| Project name: | Fenelon |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 16m at 7.8g/t Au from 1281m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario – November 8, 2022 – Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report that ongoing drilling at the Company’s 100%-owned Fenelon gold project (“Fenelon” or the “Project”) has identified additional gold mineralized zones outside of the Project’s current Mineral Resource Estimate (“MRE”). These results will be incorporated into the MRE update and preliminary economic assessment (“PEA”) currently underway at Fenelon. Attila Péntek, Wallbridge’s Vice President, Exploration, commented: “Earlier this year, we identified a very favourable environment for gold deposition to the eastsoutheast of the current Fenelon resource footprint, at vertical depths between 600 metres and 1,000 metres. The intersection, 7.80 g/t Au over 16.0 metres in hole FA-22-411, released today, shows the continuation of high-grade Tabasco-style mineralization in this area, adding to a number of significant intersections already reported in our news release dated July 26, 2022, and underscoring the potential for bulk underground mining zones at Fenelon. |
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