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Be the first with the news that moves the market- Wallbridge Mining (WM) has revealed the latest results from a mammoth 100,000-metre drill program at the Fenelon gold property
- The latest two holes returned impressive assays, including 24.61 grams per tonne gold over 15 metres
- The second drill hole returned 7.25 metres grading at 4.35 grams per tonne gold
- Wallbridge is drilling 50-metre step outs to determine the exact size and shape of the mineralization contained within the property
- Wallbridge Mining (TWM) is down three per cent and is trading at C$0.91 per share
Wallbridge Mining (WM) has revealed the latest intersections from the Lower Cayenne zone of the company’s Fenelon gold property.
The company hit a 24.61 gram per tonne gold result over 15 metres from two partially assayed surface drill holes, which included a three-metre intercept at 71.37 grams per tonne gold.
The other standout result was a 7.25 metre strike grading at 4.35 grams per tonne gold. That result included a 1.8-metre-long result that graded at 11 grams per tonne gold.
The total drilling program amounts to a whopping 100,000 metres of total drilling across the Fenelon property, which Wallbridge has already secured the funding to complete.
Wallbridge is currently running four of its six rigs on the Tabasco-Cayenne area, drilling at 50-metre step outs, to determine the exact size and shape of the mineralization contained within the property.
The company’s Vice President of Exploration Attila Pentek said the impressive results demonstrated that Tabasco style wide, high-grade domains are present in the Lower Cayenne Shear zone.
“Being 260 metres below another strong intersection of Lower Cayenne in hole FA-19-059, it opens up another parallel structure at depth for high-grade resource growth potential.
“At a vertical depth of 825 metres, this is also the deepest intersection of high-grade and high metal factor gold mineralization so far at Fenelon,” he said.
Wallbridge Mining (WM) is down three per cent and is trading at C$0.91 per share at 1:30 pm EDT.
