Wallbridge Mining Company Limited announced the start of approximately 7,500 meters of diamond drilling with two rigs at its Martiniere gold project located in Northern Abitibi, Quebec, 30 kilometres west of the Company?s Fenelon gold project and 45 kilometres east of Agnico Eagle?s Detour Lake gold mine. The 2024 drill campaign at Martiniere has been designed to meet three principal objectives: to expand and upgrade the current gold resource; to collect a representative sample of mineralized material for metallurgical characterization studies; and, to collect oriented drill core data to support geotechnical rock mass characterization studies. The 2024 drill program will be conducted in two phases.

This first phase is to be completed during March and April; phase 2 will be based on the results returned from phase 1 and is scheduled to commence in early Q3. The results from the Martiniere drilling program will be incorporated into a combined Fenelon/Martiniere Preliminary Economic Assessment (?PEA?) scheduled for completion in early 2026. Wallbridge recently completed its nine-hole, 2,500 metre first phase of drilling targeting near-surface high-grade gold mineralization at the Fenelon project site.

Assays are pending. The second phase of drilling at Fenelon will be developed once final results of phase 1 have been received and incorporated into the geologic model.