|
FA-19-086-W1 | 9.06 g/t Au (8.82 g/t Au Cut) over 40.05 metres, including |
4.74 g/t Au over 7.20 metres and | |
16.33 g/t Au (15.84 g/t Au Cut) over 19.85 metres, which further includes 38.67 g/t Au (37.45 g/t Au Cut) over 7.90 metres | |
Note: Further assay results are pending from this drill hole. Drill hole composites reported as "cut" contain higher grade samples that have been cut to 140 g/t Au. |
These results confirm the presence of high-grade mineralization 25 metres above the original FA-19-086 intersection of 22.73 g/t Au over 48.01 metres including 32.22 g/t Au over 22.87 metres (see Wallbridge Press Release dated
A comparison of the two intersections is shown in Table 1 below.
Table 1. Comparison of Tabasco zone intersections in hole FA-19-086 and wedge cut FA-086-W1 | ||||||||||
FA-19-086 Original Hole | FA-19-086-W1, Wedge Cut 25 metres above | |||||||||
From (m) | To (m) | Length (m) | Au (g/t) | Au Cut (g/t) | From (m) | To (m) | Length (m) | Au (g/t) | Au Cut (g/t) | |
Total Intersection | 595.67 | 643.68 | 48.01 | 22.73 | 18.87 | 603.50 | 643.55 | 40.05 | 9.06 | 8.82 |
Including… | 595.67 | 606.58 | 10.91 | 30.78 | 30.32 | 603.50 | 610.70 | 7.20 | 4.74 | 4.74 |
And... | 606.58 | 616.37 | 9.79 | 0.81 | 0.81 | 610.70 | 623.70 | 13.00 | 0.34 | 0.34 |
And... | 616.37 | 639.24 | 22.87 | 32.22 | 24.33 | 623.70 | 643.55 | 19.85 | 16.33 | 15.84 |
Which includes… | 616.37 | 625.50 | 9.13 | 68.81 | 49.06 | 635.65 | 643.55 | 7.90 | 38.67 | 37.45 |
“Given the expected variability of this style of high-grade gold mineralization, the degree of consistency in terms of style of mineralization and grade distribution shown by these two intersections 25 metres apart could hardly be better,” stated Attila Péntek, Vice President Exploration of Wallbridge.
“Our aggressive, 50 to 100-metre spaced step-out drilling has been successful in expanding the footprint and size potential of the Fenelon Gold System. In order to deliver a robust maiden resource estimate, we are now increasingly doing more in-fill drilling at much tighter, 15 to 40-metre drill spacing to confirm continuity and grade. The visual results of the five wedge cuts completed around hole FA-19-086, and today’s assays from the first wedge cut have demonstrated excellent continuity in Tabasco’s high-grade domain and we are now continuing in-fill drilling in other parts of the Tabasco and Cayenne zones. This tighter spaced drilling has also led to the initial modelling of the Jeremie Fault which is now recognized as an important structural control for gold deposition in the Fenelon Gold System.”
Additional in-fill and step-out results on from the Tabasco and Cayenne zones are as follows:
FA-20-159-W1 | 2.77 g/t Au over 36.00 metres in the |
6.32 g/t Au over 2.00 metres and | |
22.38 g/t over 3.00 metres; and | |
45.10 g/t over 1.00 m in the | |
FA-20-155 | 1.78 g/t Au over 49.50 metres, including |
9.24 g/t Au over 7.50 metres in the | |
FA-20-153 | 3.11 g/t Au over 15.70 metres, including |
5.87 g/t Au over 5.00 metres in the | |
FA-20-161 | 1.01 g/t Au over 42.00 metres, including |
4.48 g/t Au over 4.50 metres in the |
2020 Drilling Program Update
To
Final assay results of eight (FA-20-144, -146, -154, -155, -159-W1, -161, -167, and -171) and partial assay results of four (FA-19-086-W1, FA-20-140, -153, and -176) surface drill holes of the 2020 exploration drill program are reported in the Table and s below. All figures and a table with drill hole information of recently completed holes are posted on the Company’s website under “Current Program” at https://www.wallbridgemining.com/s/fenelon.asp.
Figure 1. Fenelon Gold, Tabasco Long Section
https://www.globenewswire.com/NewsRoom/AttachmentNg/2eab5bf0-067b-4f78-8977-39e2ac83e947
Figure 2. Fenelon Gold, FA-19-086 Wedges, Plan View and Cross Section
https://www.globenewswire.com/NewsRoom/AttachmentNg/0f9c0e44-af2d-41bc-86e7-ed04cb73ad23
Figure 3. Fenelon Gold, Cross Section 9975
https://www.globenewswire.com/NewsRoom/AttachmentNg/38d10dc4-d61f-40a5-ab2c-63ff9d7dd7d3
Figure 4. Fenelon Gold, Cross Section 10200
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb8a8cf3-f2e7-4fac-9985-04bf423c5340
Figure 5. Fenelon Gold, Cross Section 10275
https://www.globenewswire.com/NewsRoom/AttachmentNg/f46f944d-10fb-47e4-bf64-80cffdfd9d4c
Figure 6. Fenelon Gold, Cross Section 10350
https://www.globenewswire.com/NewsRoom/AttachmentNg/1ddf84fb-c187-4623-b30b-0514470c1bcf
Table 2. Wallbridge Fenelon Gold Property 2020 Drill Assay Highlights (1) | ||||||||
Drill Hole | From (m) | To (m) | Length (m) | Au (g/t) | Au Cut(2) (g/t) | VG(3) | Zone/Corridor | Section |
FA-19-086-W1 | 603.50 | 643.55 | 40.05 | 9.06 | 8.82 | VG | Tabasco | 10200E |
Including… | 603.50 | 610.70 | 7.20 | 4.74 | 4.74 | VG | Tabasco | 10200E |
And… | 623.70 | 643.55 | 19.85 | 16.33 | 15.84 | VG | Tabasco | 10200E |
Which includes… | 635.65 | 643.55 | 7.90 | 38.67 | 37.45 | VG | Tabasco | 10200E |
FA-20-140 | 953.80 | 968.50 | 14.70 | 1.24 | 1.24 | Tabasco | 10275E | |
Including… | 953.80 | 955.95 | 2.15 | 4.00 | 4.00 | Tabasco | 10275E | |
And… | 966.00 | 968.50 | 2.50 | 2.78 | 2.78 | Tabasco | 10275E | |
FA-20-140 | 991.00 | 996.00 | 5.00 | 1.26 | 1.26 | Tabasco | 10275E | |
FA-20-140 | 1010.50 | 1012.00 | 1.50 | 6.30 | 6.30 | Tabasco | 10275E | |
FA-20-144 | 1055.50 | 1086.00 | 30.50 | 1.21 | 1.21 | VG | Tabasco | 10275E |
Including… | 1057.00 | 1061.00 | 4.00 | 3.21 | 3.21 | Tabasco | 10275E | |
And… | 1077.00 | 1078.00 | 1.00 | 15.37 | 15.37 | VG | Tabasco | 10275E |
FA-20-146 | 915.00 | 918.00 | 3.00 | 2.72 | 2.72 | Tabasco | 10425E | |
FA-20-153 | 1030.30 | 1046.00 | 15.70 | 3.11 | 3.11 | Tabasco | 10350E | |
Including… | 1041.00 | 1046.00 | 5.00 | 5.87 | 5.87 | Tabasco | 10350E | |
Which includes… | 1041.00 | 1042.00 | 1.00 | 22.99 | 22.99 | Tabasco | 10350E | |
FA-20-154 | 1133.30 | 1164.50 | 31.20 | 1.23 | 1.23 | VG | Tabasco | 9975E |
Including… | 1133.30 | 1136.65 | 3.35 | 2.26 | 2.26 | Tabasco | 9975E | |
And… | 1162.05 | 1163.65 | 1.60 | 10.07 | 10.07 | VG | Tabasco | 9975E |
FA-20-155 | 943.00 | 992.50 | 49.50 | 1.78 | 1.78 | VG | Tabasco | 10200E |
Including… | 943.00 | 950.50 | 7.50 | 9.24 | 9.24 | VG | Tabasco | 10200E |
Which includes… | 946.00 | 947.20 | 1.20 | 50.90 | 50.90 | VG | Cayenne | 10200E |
And… | 991.00 | 992.50 | 1.50 | 7.28 | 7.28 | Cayenne | 10200E | |
FA-20-159-W1 | 868.00 | 904.00 | 36.00 | 2.77 | 2.77 | VG | Tabasco | 10200E |
Including… | 873.00 | 875.00 | 2.00 | 6.32 | 6.32 | Tabasco | 10200E | |
And… | 886.00 | 889.00 | 3.00 | 22.38 | 22.38 | VG | Tabasco | 10200E |
FA-20-159-W1 | 916.00 | 917.50 | 1.50 | 7.44 | 7.44 | Tabasco | 10200E | |
FA-20-159-W1 | 980.00 | 982.00 | 2.00 | 3.45 | 3.45 | Cayenne | 10200E | |
FA-20-159-W1 | 1010.50 | 1012.00 | 1.50 | 3.56 | 3.56 | Cayenne | 10200E | |
Table 2. Wallbridge Fenelon Gold Property 2020 Drill Assay Highlights (1) | ||||||||
Drill Hole | From (m) | To (m) | Length (m) | Au (g/t) | Au Cut(2) (g/t) | VG(3) | Zone/Corridor | Section |
FA-20-159-W1 | 1023.00 | 1024.00 | 1.00 | 45.10 | 45.10 | Cayenne | 10200E | |
FA-20-161 | 1041.00 | 1083.00 | 42.00 | 1.01 | 1.01 | VG | Tabasco | 9975E |
Including… | 1060.50 | 1074.00 | 13.50 | 2.19 | 2.19 | VG | Tabasco | 9975E |
Which includes… | 1069.50 | 1074.00 | 4.50 | 4.48 | 4.48 | VG | Tabasco | 9975E |
FA-20-167 | 997.70 | 998.20 | 0.50 | 11.51 | 11.51 | VG | Cayenne | 9750E |
FA-20-167 | 1006.50 | 1007.00 | 0.50 | 11.60 | 11.60 | VG | Cayenne | 9750E |
FA-20-171 | 1028.30 | 1029.00 | 0.70 | 9.46 | 9.46 | Tabasco | 9750E | |
FA-20-176 | 1144.00 | 1150.45 | 6.45 | 1.36 | 1.36 | VG | Tabasco | 10200E |
FA-20-176 | 1159.00 | 1168.00 | 9.00 | 1.06 | 1.06 | Tabasco | 10200E | |
FA-20-176 | 1171.50 | 1176.55 | 5.05 | 1.13 | 1.13 | Tabasco | 10200E | |
(1) Table includes only assay results received since the latest press release on Tabasco-Cayenne results dated | ||||||||
(2) Higher grade assays have been cut to 140 g/t Au. | ||||||||
(3) Intervals containing visible gold ("VG"). |
Note: True widths are estimated to be 50-80% of the reported core length intervals.
Assay QA/QC and Qualified Persons
Drill core samples from the ongoing drill program at Fenelon are cut and bagged either on site or by contractors and transported to either
The Qualified Person responsible for the technical content of this press release is
About
Wallbridge is currently advancing the exploration and development of its 100%-owned Fenelon Gold property, which is located along the Detour-Fenelon Gold Trend, an emerging gold belt in northwestern
The recent acquisition of Balmoral Resources has secured for Wallbridge a buffer of several kilometres surrounding its rapidly expanding Fenelon discovery providing room for growth, as well as future mine development flexibility. This acquisition has also significantly expanded Wallbridge's land holdings in
Wallbridge is also the operator of, and a shareholder in,
This news release has been authorized by the undersigned on behalf of
For further information please visit the Company's website at www.wallbridgemining.com or contact:
President & CEO
Tel: (705) 682-9297 ext. 251
Email: mkord@wallbridgemining.com
Investor Relations Advisor
Email: vvargas@wallbridgemining.com
This press release may contain certain “forward-looking statements” within the meaning of applicable Canadian securities legislation relating to, among other things, the operations of
By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predicted outcomes could differ materially from those contained in such statements. These risks and uncertainties include, but are not limited to, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other required approval, the actual results of current exploration activities, fluctuations in prices of commodities, fluctuations in currency markets, actual results of additional exploration and development activities at the Company’s projects, capital expenditures, the availability of any additional capital required to advance projects, accidents, or pandemic interruptions.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company and are based on information currently available to the Company.
The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company believe that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon by investors as actual results may vary.
Risks and uncertainties about Wallbridge’s business are more fully discussed in the disclosure material filed with the securities regulatory authorities in
Covid-19 - Given the rapidly evolving nature of the Coronavirus (COVID-19) pandemic, Wallbridge is actively monitoring the situation in order to continue to maintain as best as possible the activities while striving to protect the health of its personnel. Wallbridge' activities will continue to align with the guidance provided by local, provincial and federal authorities in
Source:
2020 GlobeNewswire, Inc., source