Wallbridge Announces Fenelon Resource Drill Results
WALLBRIDGE MINING COMPANY LIMITED TSX: WM www.wallbridgemining.com
129 Fielding Road Lively ON P3Y 1L7 t: 705-682-9297 f: 1-888-316-4156 e: [email protected]
Wallbridge Announces Fenelon Resource Drill Results
Toronto, Ontario – December 09, 2021 – Wallbridge Mining Company Limited (TSX:WM ,
OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced further positive assay results from
its resource drill program on the Fenelon Gold Property (“Fenelon” or the “Property”).
The assay results announced today are from drill holes that were part of the Company’s drill program in
support of the maiden mineral resource estimate (“MRE”) on the Fenelon Gold System (see Wallbridge press
release dated November 9, 2021 ). The complete resul ts of these drill holes were not received in time for
inclusion into the MRE, however, they now provide us with further confidence on the robustness of the
resource.
The Company plans to continue with its exploration and underground development program for the balance
of this year. Future exploration programs are currently being developed and will be disclosed when available.
“With almost 60% of the mineral resources both at Fenelon and Martiniere being in the indicated category,
future drill programs will dominantly focus on significantly growing the mineral resources and enhancing
our knowledge of the deposits,” stated Marz Kord, President & CEO of Wallbridge. “We are also progressing
well with various studies, such as metallurgical test work and geotechnical work in support of an economic
study.”
Drill hole intersections that are located within indicated or inferred blocks of the November 2021 MRE are
reported as “in -fill drill results,” while intercepts outside of those blocks are reported as “expansion drill
results”.
Resource In-fill Drill Results
Highlight in-fill intersections since our last news release from this program include:
FA-21-266 2.30 g/t Au over 19.55 metres in Area 51, and
1.71 g/t Au over 35.55 metres, including
4.73 g/t Au over 5.40 metres in the Tabasco Zone;
FA-21-266-W4 3.84 g/t Au over 21.15 metres, including
26.25 g/t Au over 1.50 metres, and
5.60 g/t Au over 5.60 metres in the Tabasco Zone;
FA-21-279 8.94 g/t Au over 4.00 metres, including
26.59 g/t Au over 1.30 metres, and
2.50 g/t Au over 16.10 metres, including
3.16 g/t Au over 12.20 metres in the Contact Zone, and
5.18 g/t Au over 8.00 metres, including
29.48 g/t Au over 1.10 metres in the Tabasco Zone;
FA-21-283B 10.98 g/t Au over 8.40 metres, including
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29.95 g/t Au over 3.00 metres, and
1.22 g/t Au over 23.25 metres in the Contact Zone;
FA-21-284 3.66 g/t Au over 7.95 metres in the Contact Zone;
FA-21-285 1.04 g/t Au over 43.90 metres in the Contact Zone;
FA-21-289 3.13 g/t Au over 11.00 metres, including
5.23 g/t Au over 5.70 metres, and
2.07 g/t Au over 35.00 metres, including
9.37 g/t Au over 5.60 metres in Area 51.
Resource Expansion Drill Results
Highlight expansion intersections since our last news release from this program include:
FA-21-296 0.55 g/t Au over 47.40 metres, including
4.84 g/t Au over 3.00 metres in Area 51.
Assay results from 26 drill holes of the 2021 Fenelon drill program are reported in the table and figures 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.
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Figure 1. Fenelon Gold, Plan View
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Figure 2. Fenelon Gold, Long Section
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Table 1. Wallbridge Fenelon Gold Property, Recent Drill Assay Highlights (1)
Drill Hole From To Length Au Au Cut (2) VG (3) Zone/
Corridor Section In-fill or Expansion
(m) (m) (m) (g/t) (g/t)
FA-19-096-W2 705.50 712.30 6.80 0.94 0.94 Area 51 10125 In-fill within pit
FA-20-153-W1 671.85 672.35 0.50 22.69 22.69 VG Area 51 10425 In-fill outside pit
FA-20-153-W1 786.35 797.65 11.30 0.73 0.73 VG Area 51 10425 In-fill outside pit
Including… 794.50 797.65 3.15 1.65 1.65 Area 51 10425 In-fill outside pit
FA-20-153-W1 811.85 812.35 0.50 19.60 19.60 VG Area 51 10425 In-fill outside pit
FA-20-154-W1 No Significant Mineralization (4) 9975
FA-21-252 231.50 249.00 17.50 0.48 0.48 Area 51 10200 Expansion
FA-21-263-W1 No Significant Mineralization (4) 10425 & 10500
FA-21-266 835.00 836.00 1.00 7.27 7.27 Area 51 10275 In-fill outside pit
FA-21-266
1118.80 1138.35 19.55 2.30 2.30
Area 51
&
Contact
Zone
10275 In-fill outside pit
Including… 1135.60 1138.35 2.75 10.23 10.23 Contact
Zone
10275 In-fill outside pit
FA-21-266 1162.10 1197.65 35.55 1.71 1.71 Tabasco 10275 In-fill outside pit
Including… 1192.25 1197.65 5.40 4.73 4.73 Tabasco 10275 In-fill outside pit
FA-21-266-W3 No Significant Mineralization (4) 10425 & 10500
FA-21-266-W4 939.20 942.35 3.15 3.76 3.76 Area 51 10250 In-fill outside pit
FA-21-266-W4 1126.00 1147.15 21.15 3.84 3.84 VG Tabasco 10350 In-fill outside pit
Including… 1126.00 1127.50 1.50 26.25 26.25 Tabasco 10350 In-fill outside pit
And… 1137.40 1143.00 5.60 5.60 5.60 VG Tabasco 10350 In-fill outside pit
FA-21-275 No Significant Mineralization (4) 9750
FA-21-279 68.10 79.50 11.40 1.04 1.04 Contact
Zone 10125 In-fill within pit
FA-21-279 232.90 250.10 17.20 1.53 1.53 VG Contact
Zone 10125 In-fill within pit
Including… 232.90 235.50 2.60 4.81 4.81 Contact
Zone 10125 In-fill within pit
And… 247.70 250.10 2.40 5.45 5.45 VG Contact
Zone 10125 In-fill within pit
FA-21-279 351.50 355.50 4.00 8.94 8.94 VG Contact
Zone 10125 In-fill within pit
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Table 1. Wallbridge Fenelon Gold Property, Recent Drill Assay Highlights (1)
Drill Hole From To Length Au Au Cut (2) VG (3) Zone/
Corridor Section In-fill or
Expansion
(m) (m) (m) (g/t) (g/t)
Including… 351.50 352.80 1.30 26.59 26.59 VG Contact
Zone 10125 In-fill within pit
FA-21-279 383.00 383.50 0.50 24.70 24.70 Contact
Zone 10125 In-fill within pit
FA-21-279 396.40 412.50 16.10 2.50 2.50 VG Contact
Zone 10125 In-fill within pit
Including… 396.40 408.60 12.20 3.16 3.16 VG Contact
Zone 10125 In-fill within pit
Which
Includes… 408.00 408.60 0.60 28.80 28.80 VG Contact
Zone 10125 In-fill within pit
FA-21-279 454.50 463.50 9.00 1.05 1.05 Contact
Zone 10125 In-fill within pit
FA-21-279 580.00 588.00 8.00 5.18 5.18 Tabasco 10125 In-fill within pit
Including… 586.00 587.10 1.10 29.48 29.48 Tabasco 10125 In-fill within pit
FA-21-279 631.00 644.00 13.00 0.63 0.63 Tabasco 10125 In-fill within pit
FA-21-283A No Significant Mineralization (4) 9750 In-fill within pit
FA-21-283B 244.25 258.10 13.85 0.73 0.73 Contact
Zone
10125 In-fill within pit
FA-21-283B 368.00 376.40 8.40 10.98 10.98 Contact
Zone
10125 In-fill within pit
Including… 368.00 371.00 3.00 29.95 29.95 Contact
Zone
10125 In-fill within pit
FA-21-283B 390.90 414.15 23.25 1.22 1.22 VG Contact
Zone
10200 In-fill within pit
Including… 402.00 403.00 1.00 10.89 10.89 VG Contact
Zone
10200 In-fill within pit
And… 413.00 414.15 1.15 7.98 7.98 Contact
Zone
10200 In-fill within pit
FA-21-283B 539.00 557.00 18.00 0.57 0.57 Tabasco 10200 In-fill within pit
FA-21-284 217.00 241.60 24.60 0.61 0.61 Contact
Zone
10350 In-fill within pit
Including… 217.00 221.50 4.50 1.82 1.82 Contact
Zone
10350 In-fill within pit
FA-21-284 389.70 391.15 1.45 3.74 3.74 Contact
Zone
10350 In-fill within pit
FA-21-284 416.30 424.25 7.95 3.66 3.66 Contact
Zone
10350 In-fill within pit
FA-21-284 474.50 484.80 10.30 0.66 0.66 Tabasco 10350 In-fill within pit
Table 1. Wallbridge Fenelon Gold Property, Recent Drill Assay Highlights (1)
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Table 1. Wallbridge Fenelon Gold Property, Recent Drill Assay Highlights (1)
Drill Hole From To Length Au Au Cut (2) VG (3) Zone/
Corridor Section In-fill or
Expansion
(m) (m) (m) (g/t) (g/t)
FA-21-285 112.85 116.35 3.50 7.76 7.76 VG Contact
Zone
10350 In-fill within pit
Including… 115.75 116.35 0.60 41.83 41.83 VG Contact
Zone
10350 In-fill within pit
FA-21-285 185.40 196.00 10.60 0.85 0.85 Contact
Zone
10350 In-fill within pit
FA-21-285 247.00 278.50 31.50 0.48 0.48 Contact
Zone
10350 In-fill within pit
FA-21-285 298.00 309.65 11.65 1.67 1.67 Contact
Zone
10350 In-fill within pit
Including… 300.30 301.00 0.70 14.00 14.00 Contact
Zone
10350 In-fill within pit
And… 308.10 309.65 1.55 5.35 5.35 Contact
Zone
10350 In-fill within pit
FA-21-285 340.70 368.25 27.55 0.60 0.60 Contact
Zone
10350 In-fill within pit
Including… 354.45 355.00 0.55 11.00 11.00 Contact
Zone
10350 In-fill within pit
FA-21-285 422.10 466.00 43.90 1.04 1.04 Contact
Zone
10350 In-fill within pit
Including… 425.00 428.05 3.05 5.53 5.53 Contact
Zone
10350 In-fill within pit
And… 443.65 448.00 4.35 3.44 3.44 Contact
Zone
10350 In-fill within pit
And… 464.50 466.00 1.50 5.07 5.07 Contact
Zone
10350 In-fill within pit
FA-21-287 310.00 313.30 3.30 4.25 4.25 VG Area 51 9750 In-fill within pit
Including… 311.00 311.50 0.50 23.71 23.71 VG Area 51 9750 In-fill within pit
FA-21-289 537.00 548.00 11.00 3.13 3.13 Area 51 10250 In-fill within pit
Including… 537.00 542.70 5.70 5.23 5.23 Area 51 10250 In-fill within pit
FA-21-289 563.00 598.00 35.00 2.07 2.07 Area 51 10250 In-fill within pit
Including… 578.40 584.00 5.60 9.37 9.37 Area 51 10250 In-fill within pit
FA-21-290 140.50 141.00 0.50 10.10 10.10 Area 51 9825 In-fill within pit
FA-21-290 168.00 184.20 16.20 1.60 1.60 VG Area 51 9825 In-fill within pit
Including… 183.70 184.20 0.50 32.81 32.81 VG Area 51 9825 In-fill within pit
FA-21-290 237.50 238.00 0.50 31.23 31.23 VG Area 51 9825 In-fill within pit
FA-21-290 258.00 275.50 17.50 1.42 1.42 Area 51 9825 In-fill within pit
Including… 265.50 271.00 5.50 2.43 2.43 Area 51 9825 In-fill within pit
FA-21-294 306.00 324.00 18.00 0.35 0.35 Area 51 9500 Expansion
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Table 1. Wallbridge Fenelon Gold Property, Recent Drill Assay Highlights (1)
Drill Hole From To Length Au Au Cut (2) VG (3) Zone/
Corridor Section In-fill or
Expansion
(m) (m) (m) (g/t) (g/t)
Including… 314.50 316.00 1.50 3.45 3.45 Area 51 9500 Expansion
FA-21-296 152.50 199.90 47.40 0.55 0.55 Area 51 9500 Expansion
Including… 152.50 155.50 3.00 4.84 4.84 Area 51 9500 Expansion
And… 196.15 199.00 2.85 2.96 2.96 Area 51 9500 Expansion
FA-21-302 No Significant Mineralization (4) 9900
FA-21-303 167.50 185.20 17.70 0.65 0.65 Area 51 9525 Expansion
Including… 167.50 168.50 1.00 7.53 7.53 Area 51 9525 Expansion
FA-21-306 205.00 220.00 15.00 0.53 0.53 Area 51 10425 In-fill outside pit
FA-21-306 290.00 298.00 8.00 3.26 3.26 Area 51 10425 In-fill outside pit
Including… 290.00 291.30 1.30 18.84 18.84 Area 51 10425 In-fill outside pit
FA-21-306 337.00 338.50 1.50 5.23 5.23 Area 51 10425 In-fill outside pit
FA-21-308 122.50 134.50 12.00 0.52 0.52 Area 51 9525 Expansion
Including… 133.00 134.50 1.50 3.67 3.67 Area 51 9525 Expansion
FA-21-309 No Significant Mineralization (4) 9600 & 9675
FA-21-312 No Significant Mineralization (4) 10800
(1) Table includes only assay results received since the latest press release dated October 6, 2021.
(2) Au cut: High-grade capping is 75g/t Au for Area 51 and 110 g/t Au for Tabasco-Cayenne-Contact Zones.
(3) Intervals containing visible gold ("VG").
(4) Metal factor of at least 5 g/t*m and minimum weighted average composite grade of 1 g/t Au.
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 2021 drill program at Fenelon are cut and bagged either on site or by
contractors and transported to SGS Canada Inc., AGAT Laboratories Ltd. or Bureau Veritas Commodities
Canada Ltd. for analysis. In 2020 samples were submitted to either SGS Canada Inc. or ALS Canada Ltd. for
analysis. Samples, along with standards and blanks that are included for quality assurance and quality control,
were prepared and analyzed at the laboratories. Samples are crushed to 90% less than 2mm. A 1kg riffle split
is pulverized to 85% passing 75 microns. 50g samples are analyzed by fire assay and AAS. At SGS, AGAT
and Bureau Veritas samples >10g/t Au are automatically analyzed by fire assay with grav imetric finish or
screen metallic analysis. To test for coarse free gold and for additional quality assurance and quality control,
Wallbridge requests screen metallic analysis for samples containing visible gold. These and future assay
results may vary from time to time due to re‒analysis for quality assurance and quality control.
The Qualified Person responsible for the technical content of this press release is Peter Lauder , P.Geo,
Exploration Manager of Wallbridge.