- Wallbridge Mining (WM) has revealed the first assays from exploration work at the Fenelon Gold property, since mining activities resumed
- Wallbridge has posted assays from three targets, with the best result being a 15.73 grams per tonne gold result over three metres at the site’s Area 51 target
- Other results included 4.88 grams per tonne assay over 18 metres, which had an internal assay of 96.9 gram per tonne result over 0.7 metres
- The Tabasco-Cayenne target returned a 4.06 grams per tonne of gold result over 51.7 metres, including an 8.41 grams per tonne result over 19.15 metres.
- Wallbridge Mining (WM) is down 5.5 per cent and is trading at C$1.02 per share
Wallbridge Mining (WM) has revealed the first assays from exploration work at the Fenelon Gold property, since mining activities resumed.
The company paused exploration activities at Fenelon in March through to mid-May, due to the coronavirus pandemic. Wallbridge was in the midst of completing a 80,000- to 100,000-metre drill program at Fenelon, which it has now resumed.
The company posted assay results from the site’s main Gabbro target, the Tabasco-Cayenne target and the Area 51 target.
The assays from the Gabbro target included 4.88 grams per tonne of gold over 18 metres, which in itself included a 96.9 grams per tonne gold result over 0.7 metres. The other substantial result from main Gabbro result was a 5.84 grams per tonne result over 6.8 metres, including 37.7 metres over one metre.
Drilling on the Tabasco-Cayenne target returned 4.06 grams per tonne of gold over 51.7 metres, including an 8.41 grams per tonne result over 19.15 metres.
Finally, the Area 51 deposit returned the best result of the drilling work at 15.73 grams per tonne gold over three metres. The company also hit 12.17 grams per tonne gold over 38.53 metres, including 47.4 grams per tonne over 0.5 metres.
Other results included 1.16 grams per tonne sold over 16.5 metres, including 7.5 grams per tonne over 1.5 metres.
The Vice President of Exploration at Wallbridge Mining, Attila Pentek said he was excited to ramp up drill work at the property during the challenging presented by coronavirus.
“In addition to continuing our expansion and in-fill drilling program testing the Titan and Andromeda zones in Area 51.
“With several potential bulk mineable zones showing good continuities near surface, an open pit component to a future resource is starting to become more and more tangible.
“With approximately 15,000 metres of drilling completes since the resumption of drilling activities, the assay labs are again processing a pipeline of our samples and we are looking forward to a steady flow of assay results,” he said.
Wallbridge Mining (WM) is down 5.5 per cent and is trading at C$1.02 per share at 1:20 am EDT.