Wallbridge Mining\u2019s drill program at the wholly owned 85.6-sq.-km Fenelon gold project in Quebec has expanded the Tabasco-Cayenne shear zones by 100 metres down-plunge. In addition, infill work continues to hit high-grades near existing underground workings around the Main Gabbro shear zones and suggests near-surface zones of gold mineralization within Area 51.<\/p>\n
With 11 surface and 13 underground holes in the latest release, highlights from Tabasco-Cayenne include 9.8 metres of 4.44 g\/t gold starting at 1,043.4 metres, growing this zone down-dip.<\/p>\n
The Serrano zone within the Main Gabbro area returned 19 metres of 4.88 g\/t gold from 47.8 metres and 6.8 metres of 5.84 g\/t gold starting at 58.3 metres.<\/p>\n The company has completed approximately 15,000 metres of drilling since a work suspension that ended in mid-May due to the covid pandemic<\/p>\n<\/blockquote>\n<\/figure>\n Infill drilling within Area 51 hit 3 metres of 15.73 g\/t gold from 69 metres in the Andromeda zone, 38.5 metres of 1.17 g\/t gold starting at 113.5 metres at the Titan area and 16.7 metres of 1.38 g\/t gold from 144 metres at the Andromeda and Interstellar zones.<\/p>\n \u201cIn addition to continuing our expansion and infill drilling in the Tabasco-Cayenne Area 51 gold system, we are very pleased with the first results of our near-surface infill drill program testing the Titan and Andromeda zones in Area 51,\u201d Attila Pentek, the company\u2019s VP of exploration, said in a release.<\/p>\n Pentek added that these latest results from Area 51 indicate potential near-surface bulk targets with good continuity, suggesting an open-pittable future resource. <\/p>\n The company has completed approximately 15,000 metres of drilling since a work suspension that ended in mid-May due to the covid pandemic. Six rigs are now working at Fenelon and additional assays are pending.<\/p>\n Four of the rigs are focused on the Tabasco-Cayenne-Area 51 mineralization, with 80,000 metres scheduled for completion by the end of this year. A further 20,000 metres, with two rigs, is planned for newly added Fenelon grounds from the company\u2019s acquisition of Balmoral Resources earlier this year.<\/p>\n The Fenelon gold system lies along the Detour-Fenelon gold trend and has been defined over 2 km of strike to date; the mineralization has been traced from surface down to a depth of at least 850 metres.<\/p>\n There are four known hosts of gold mineralization at Fenelon: the Main Gabbro shear zones, the Tabasco-Cayenne shear zones, the Area 51 corridors as well as the Reaper and Ripley zones. <\/p>\n Wallbridge added this last area to its exploration portfolio through an all-share acquisition of Balmoral Resources, which closed in May.<\/p>\n The company plans to release a resource for Fenelon by the middle of next year.<\/p>\n Wallbridge\u2019s stock was trading down 7.4% at Monday’s close on the TSE. The company has a C$722 million market capitalization.<\/p>\n\n