{"id":1145234,"date":"2019-10-22T14:23:15","date_gmt":"2019-10-22T19:23:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1004924"},"modified":"2019-10-22T14:23:15","modified_gmt":"2019-10-22T19:23:15","slug":"wallbridge-shares-take-off-on-new-fenelon-drill-results","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1145234","title":{"rendered":"Wallbridge shares take off on new Fenelon drill results"},"content":{"rendered":"<p>Wallbridge Mining Company (TSX: WM) on Tuesday <a rel=\"noreferrer noopener\" aria-label=\"reported additional assay results (opens in a new tab)\" href=\"https:\/\/www.wallbridgemining.com\/s\/press-releases.asp?ReportID=859873&amp;_Type=Press-Releases&amp;_Title=Wallbridge-Exploration-Drilling-Intersects-27.00-gt-Au-over-38.39-metres-in...\" >reported additional assay results<\/a> from the ongoing drill program at its Fenelon gold property in Quebec. The recent drilling follows up on the Area 51 and Tabasco discoveries\u00a0<a rel=\"noreferrer noopener\" aria-label=\"previously outlined by the company (opens in a new tab)\" href=\"https:\/\/www.mining.com\/wallbridge-hits-more-wide-intersections-at-fenelon\/\" >previously outlined by the company<\/a>.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>One drill hole returned 27 g\/t Au over 38.39 metres\u00a0in the Tabasco zone at a vertical depth of 500 metres, which the company says further demonstrates the significant gold endowment of the system at depth. Further assay results of surrounding batches from this hole\u00a0are pending.<\/p>\n<p>&#8220;We couldn&#8217;t be more pleased to receive these exceptional assay results from the Tabasco zone,&#8221; president and CEO Marz Kord stated. &#8220;We are very proud of the rapid exploration success we have achieved in 2019: A year ago we only had a conceptual model of the gold zones below 200 metres vertical depth and now we have several significant, high-grade intersections at 500 to 600 metre depth. We have now accelerated the deep exploration to continue following these high-grade zones to depth.&#8221; <\/p>\n<p>Kord added that the company may plan for a &#8220;greatly expanded drill program&#8221; in 2020, which will provide the data required to complete a property wide resource\/reserve estimate in early 2021.<\/p>\n<p>Shares of Wallbridge Mining shot up more than 20% at Tuesday&#8217;s market open. Trading volume increased nearly four-hold to 3.97 million shares. The company&#8217;s current market capitalization is approximately C$201.6 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company may plan for a &#8220;greatly expanded drill program&#8221; in 2020.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1145234"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1145234"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1145234\/revisions"}],"predecessor-version":[{"id":1145256,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1145234\/revisions\/1145256"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1145234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1145234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1145234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}