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Be the first with the news that moves the market- Wallbridge Mining (TSX:WM) has struck high-grade intersections at the Fenelon Gold property in Quebec, including 19.47 grams per tonne of gold over 10.15 metres
- The company reported the intersections during the 2019/2020 drill program
- The company has been defining a new gold deposit at Fenelon since 2018
- Despite the encroaching effects of COVID-19, the company has not reduced staff or delayed operations at Fenelon
- Wallbridge Mining Company (WM) is up 3.26 per cent, with shares trading for C$0.48
While mining operations from Peru to New Zealand close en masse, Wallbridge Mining (TSX:WM) is still reporting high-grades.
Wallbridge has struck a number of high-grade and widespread intersections at the Fenelon Gold property in Quebec. Most notably, the company has reported a mineralisation of 19.47 grams per tonne of gold over 10.15 metres.
In 2018, Wallbridge began outlining a new gold mineralisation area along a geological feature called the Jeremie Pluton.
Since then the company has continued to define and step-out the mineralisation area through a 110,000 metre drill program. In 2020, the company has completed around a quarter of the program so far.
Despite numerous mining companies being forced to reduce staff and halt operations, Wallbridge seems largely unaffected by COVID-19.
Wallbridge’s Vice President of Mining and Projects, Francois Demers, is trying to balance an ongoing exploration program with the challenges the outbreak brings.
“As we continue to operate the Fenelon camp to support the 2020 diamond drilling program and progress permitting activities, we must adapt to the new reality that COVID-19 has imposed upon us.
“We have taken action and put measures in place to protect our employees and contractors at site and continue to monitor the situation closely,” he said.
The company has not announced if they expect operations to slow or cease over the coming months. Wallbridge also hasn’t released any updated 2020 forecast or updated development schedule for the Fenelon.
It seems Wallbridge that hopes to continue unscathed and unaffected by a pandemic that is disrupting many of their peers.
Wallbridge Mining Company Ltd (WM) is up 3.26 per cent, with shares trading for C$0.48 at 1:31pm EST.
