Wallbridge Continues to Expand Footprint of New Area 51 Gold Discovery at Fenelon Gold Property
Wallbridge Continues to Expand
Footprint of New Area 51 Gold Discovery
at Fenelon Gold Property
TORONTO, May 21, 2019 /CNW/ - Wallbridge Mining Company
Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is
pleased to announce that its exploration drill program has significantly
increased the known extent of the newly-discovered Area 51 gold
system at its 100%-owned Fenelon Gold property ("Fenelon" or the
"Property"). Several new holes have intersected wide zones of
mineralization with intervals containing visible gold. Drilling to date has
indicated the presence of broad stockwork-style gold mineralization
with focused high-grade veins and shear zones over a 700-metre
strike length and close to 600-metre vertical extent.
In addition, resource drilling at the Fenelon Main Zone is continuing to
extend high-grade shoots to depth with 26.37 g/t gold over 2.18
metres and several other visible gold-bearing intersections pending.
Exploration Drilling - Area 51 & Tabasco Mineralized Corridors
Highlights:
• Further in-fill sampling of FA-19-052 is underway within the Area
51 intersection. Currently available continuous assay results
show that the mineralized intersection grades 1.46 g/t gold over
227.80 metres, which includes the sub-interval of 2.81 g/t gold
over 98.91 metres released previously (see Wallbridge Press
Release dated April 23, 2019). The grade and length of this
interval may be revised once final assay results are received.
• FA-19-053 extends known strike length of the Area 51 gold
system by 250 metres to the northwest.
• 19-0925-007 confirms continuation of strong, broad gold
mineralization 200 to 300 metres southeast of FA-19-052 and
provides first near-surface (150 m vertical depth) intersection of
the Area 51 gold system.
• FA-19-059 provides a 30-40 metre eastward step-out and slight
overcut to FA-19-052 with three occurrences of visible gold
intersected within a broad, mineralized interval of approximately
225 metre core length in Area 51. Another significant zone with
visible gold was intersected further down-hole at 590 m vertical
depth, which is currently the deepest visible gold-bearing
intersection on the Property.
• Area 51 gold system now extends over a 700-metre strike
length.
"Our ongoing exploration program continues to significantly expand
the known footprint of the Area 51-Tabasco gold system. We now
have indicated the presence of broad stockwork-style gold
mineralization with focused high-grade veins and shear zones over a
700-metre strike length and close to 600-metre vertical extent,"
explained Attila Pentek, VP Exploration. "The 100-200 metre step-outs
are aggressive for such gold deposits and aim to give us an early
indication of the distribution of this mineralization style. As such, the
results yielded by FA-18-038EXT and FA-18-040EXT are very positive
in proving the continuity of this well-mineralized structural corridor and
confirming our initial interpretation of this new geologic environment.
We will continue with our approach of large step-outs along strike and
down-dip to further define the size potential and also carry-out some
of the tighter, 40 metre spaced drilling to better understand the
controls on "sweet spots", such as those intersected in FA-19-052,
FA-19-059, and 19-0925-007, and to start proving up a resource in the
Area 51 corridor."
Three rigs (two surface, one underground) are currently active on
exploration drilling, doing large-spaced step-outs to define the footprint
of the Area 51 gold system which was discovered by the last hole of
the 2018 program (FA-18-051), approximately 300 m west of the
Fenelon Main Zone. A total of approximately 8,000 metres have been
drilled as part of the 2019 exploration drill program and assay results
are pending for 13 surface drill holes and four underground holes.
FA-18-038EXT, an extension of a 2018 drill hole, confirms the
presence of the broad gold-bearing system within the Area 51 corridor
intersecting 0.32 g/t gold over 137.43 metres, including 0.56 g/t gold
over 54.63 metres, which further includes higher grade sub-intervals,
like 1.33 g/t gold over 11.93 metres.
FA-18-040EXT, an extension of a 2018 drill hole, intersected a lower
grade domain within the Area 51 system similar to FA-18-038EXT with
0.41 g/t gold over 134.45 metres, including 0.67 g/t gold over 33.67
metres, which further includes higher grade sub-intervals, like 1.00 g/t
gold over 16.28 metres. In-fill sampling of last year's portion of the
drill core revealed another zone that assayed 1.14 g/t gold over
17.28 metres.
FA-19-053 intersected broad stockwork-style gold mineralization
consisting of a network of sulfide-bearing veins and shear zones with
two occurrences of visible gold in the Area 51 corridor, at
approximately 500 metres vertical depth, in the vicinity of historic,
near-surface (150-180 m vertical depth) intersections of 6.16 g/t gold
over 3.00 metres and 34.20 g/t gold over 0.32 metres.
Drill holes FA-19-054 and FA-19-056 were testing the Area 51-
Tabasco mineralized corridors vertically above FA-19-052 and both
intersected several mineralized zones with one occurrence of visible
gold noted in each hole.
Underground drill holes 19-0925-005A, -006 and -007 also tested the
eastern extension of the Area 51 system and successfully extended
the known footprint of the mineralized system with visible gold
reported in two of the holes (19-0925-005 and -007). Hole 19-0925-
007 is particularly important, as it is the first hole intersecting strong
stockwork mineralization characteristic of the Area 51 system over a
broad interval at only 150 metres vertical depth, in contrast to most
intersections so far, which were at approximately 400 to 500 metres
vertical depth.
Drill holes FA-19-055 and FA-19-057, testing the eastern extension of
the geophysical (magnetic-low) feature interpreted to correspond to
the Area 51 structure, intersected sporadic veins and shear zones, as
well as blue quartz-bearing alteration which appears to be similar to
Area 51-style mineralization in favourable intermediate to mafic
intrusive rocks. FA-19-058 tested a magnetic-low target parallel to the
Area 51 structure, intersecting a potentially gold-bearing zone in the
Jeremy Pluton within the target area.
FA-19-059 was testing the Area 51-Tabasco mineralized corridors
slightly East and vertically above FA-19-052 and intersected a broad,
225 metre interval of typical Area 51-style mineralization with three
visible gold-bearing veins observed. Another significant zone with
visible gold was intersected further down-hole at 590 m vertical depth,
which is currently the deepest visible gold-bearing intersection on the
Property.
Resource Drilling - Main Gabbro Zones
Highlights:
• 26.37 g/t gold over 2.18 metres (1.61 metres true width) in 19-
5150-003 within the Naga Viper Zone.
• 7.97 g/t gold over 2.54 metres (0.78 metre true width) in 19-
5150-001 within the Naga Viper Zone.
• 5.95 g/t gold over 0.69 metre (0.48 metre true width) in 19-0925
within the Cayenne Zone.
• High-grade shoot in the western segment of the Naga Viper
Zone (sections 970 and 985) now extended down to a vertical
depth of 200 metres, with visible gold intersected in three drill
holes.
• Visible gold was observed in two intersections within the
Cayenne Zone.
One underground drill rig is currently active on tightly spaced resource
drilling, completing 15-20 metre step-outs on known mineralization
within the main gabbro below the area where the Company mined the
2018/2019 bulk sample, down to 250 metres vertical depth. A total of
approximately 4,500 metres has been drilled as part of the 2019
resource drill program and assay results are currently pending for 21
underground holes.
A summary of the new drill hole results from the ongoing 2019
underground and surface drill programs are reported in Tables 1 and 2
and also shown on the Figures below as well as on the Company
website.
Table 1. Wallbridge Fenelon Gold Property 2018/2019 Drill Assay Highlights (1)
Drill
Hole From To From To Length True
Width Au Au
Capped(2) VG(3) Zone Drill
Program (m) (m) (m) (m) (m) (m) (g/t) (g/t)
FA-
19-
052
362.50 590.30 227.80 NA 1.46 1.46 Area 51 Surface
Exploration
FA-
19-
052*
Including...
392.50 397.07 4.57 NA 5.14 5.14 VG Area 51 Surface
Exploration
FA-
19-
052*
482.90 485.50 2.60 NA 4.57 4.57 VG Area 51 Surface
Exploration
FA-
19-
052*
493.76 500.00 6.24 NA 8.71 8.71 VG Area 51 Surface
Exploration
FA-
19-
052*
516.34 518.70 2.36 NA 5.63 5.63 VG Area 51 Surface
Exploration
FA-
19-
052*
565.25 576.47 11.22 NA 15.93 15.93 VG Area 51 Surface
Exploration
19-
1035-
001
154.40 155.70 1.30 0.92 3.43 3.43 Chipotle U/G
Resource
19-
1035-
002
28.10 28.55 0.45 0.36 1.76 1.76 Cayenne U/G
Resource
19-
1035-
002
115.78 117.68 1.90 1.54 0.96 0.96 Naga
Viper
U/G
Resource
19-
1035-
004
121.45 122.84 1.39 1.12 1.58 1.58 Naga
Viper
U/G
Resource
19-
1035-
004
128.12 129.50 1.38 1.12 1.09 1.09 Chipotle U/G
Resource
19-
1035-
005
131.55 135.00 3.45 2.79 1.83 1.83 Chipotle U/G
Resource
19-
1035-
006
102.00 104.40 2.40 2.11 1.52 1.52 Naga
Viper
U/G
Resource
19-
5150-
001
84.32 86.86 2.54 0.78 7.97 7.97 VG Naga
Viper
U/G
Resource
19-
5150-
003
36.81 38.99 2.18 1.61 26.37 26.37 VG Naga
Viper
U/G
Resource
19-
5150-
010
47.70 48.80 1.10 0.91 1.15 1.15 Habanero U/G
Resource
19-
0925-
001
29.58 30.27 0.69 0.48 5.95 5.95 Cayenne U/G
Resource
19-
0925-
002 No Assays greater than 1 g/t Au 19-
0925-
004
FA-
18-
038
612.00 616.28 4.28 NA 1.02 1.02 VG Area 51 Surface
Exploration
FA-
18-
038
638.75 639.60 0.85 NA 3.47 3.47 Area 51 Surface
Exploration
FA-
18-
038
689.77 744.40 54.63 NA 0.56 0.56 Area 51 Surface
Exploration
FA-
18-
038 Including...
689.77 701.70 11.93 NA 1.33 1.33 Area 51 Surface
Exploration
FA-
18-
038
731.18 744.40 13.22 NA 0.78 0.78 Area 51 Surface
Exploration
FA-
18-
038
775.50 776.80 1.30 NA 2.23 2.23 Area 51 Surface
Exploration
FA-
18-
038
793.39 794.79 1.40 NA 1.04 1.04 Area 51 Surface
Exploration
FA-
18-
038
839.82 840.77 0.95 NA 1.21 1.21 Area 51 Surface
Exploration
FA-
18-
040
531.00 548.28 17.28 NA 1.14 1.14 Area 51 Surface
Exploration
FA-
18-
040
590.45 724.90 134.45 NA 0.41 0.41 Area 51 Surface
Exploration
FA-
18-
040
Including... 621.00 654.67 33.67 NA 0.67 0.67 Area 51 Surface
Exploration
FA-
18-
040
Which
includes… 635.35 651.63 16.28 NA 1.00 1.00 VG Area 51 Surface
Exploration
FA-
18-
040
761.00 762.25 1.25 NA 1.72 1.72 Area 51 Surface
Exploration
(1) Table includes only highlight assay results received since the latest press release.
(2) Au capped at 140 g/t following InnovExplo's 2016 Mineral Resource Estimate.
(3) Intervals containing visible gold ("VG").
(4) Currently not enough information available to estimate true width.
* Previously announced interval, see Wallbridge Press Release dated Apr 23, 2019
Table 2. Wallbridge Fenelon Gold Property 2018/2019 drill hole information (1)
Drill Hole ID Local
grid E
Local
grid N Elevation Length
(Metres) Azimuth Dip VG/CP(2) Note
18-5175-007 10580 10986 5177 205 228 -43 CP Final Assays Received
18-5175-011 10580 10986 5177 200 191 -48 CP Final Assays Received
18-1035-019 10571 10997 5214 100 193 -36 VG Further Assays pending
19-5150-001 10595 10950 5147 181 230 -62 VG Final Assays Received
19-5150-002 10595 10950 5147 147 222 -48 VG Final Assays Received
19-5150-003 10595 10950 5147 102 205 -32 VG Final Assays Received
19-5150-004 10595 10950 5147 56 227 -26 VG Final Assays Received
19-5150-005 10595 10950 5147 132 170 -50 CP Final Assays Received
19-5150-006 10595 10950 5147 274 178 -63 CP Final Assays Received
19-5150-007 10595 10950 5147 90 182 -20 CP Final Assays Received
19-5150-008 10595 10950 5147 102 152 -15 CP Final Assays Received
19-5150-009 10595 10950 5147 63 232 -39 CP Final Assays Received
19-5150-010 10595 10950 5147 51 228 -10 CP Final Assays Received
19-1035-001 10502 10851 5134 177 25 -57 CP Further Sampling Underway
19-1035-002 10502 10851 5134 150 25 -48 CP Final Assays Received
19-1035-003 10502 10851 5134 138 23 -38 VG Further Assays pending
19-1035-004 10502 10851 5134 165 38 -46 Final Assays Received
19-1035-005 10502 10851 5134 138 49 -43 CP Final Assays Received
19-1035-006 10502 10851 5134 168 30 -41 Final Assays Received
19-0925-001 10595 10950 5134 111 24 -56 CP Assays pending
19-0925-002 10595 10950 5134 87 24 -38 CP Final Assays Received
19-0925-003 10595 10950 5134 75 24 -17 CP Assays pending
19-0925-004 10595 10950 5134 99 25 -10 CP Final Assays Received
19-0925-005 10397 10902 5135 48 190 -55 Assays pending
19-0925-005A 10397 10902 5135 552 190 -55 VG Assays pending
19-0925-006 10397 10902 5135 420 180 -41 Assays pending
19-0925-007 10397 10902 5135 495 180 -5 VG Assays pending
19-0925-008 10397 10902 5135 Underway 180 -25 Drilling Underway
19-0940-001 10417 10897 5134 111 24 -53 CP Assays pending
19-0940-002 10417 10897 5134 105 24 -15 CP Assays pending
19-0955-001 10430 10890 5134 105 21 -4 CP Assays pending
19-0955-002 10430 10890 5134 102 24 -44 CP Assays pending
19-0955-003 10430 10890 5134 120 24 -55 CP Assays pending
19-0955-004 10430 10890 5134 141 24 -64 CP Assays pending
19-0970-001 10444 10883 5134 117 24 -37 CP Assays pending
19-0970-002 10444 10883 5134 111 24 -46 CP Assays pending
19-0970-003 10444 10883 5134 150 24 -63 CP Assays pending
19-0985-001 10457 10876 5134 117 24 -35 CP Assays pending
19-0985-002 10457 10876 5134 117 24 -44 CP Assays pending
19-0985-003 10457 10876 5134 135 24 -52 VG Assays pending
19-0985-004 10457 10876 5134 168 24 -61 CP Assays pending
19-1000-001 10471 10869 5133 Underway 24 -32 Drilling Underway
FA-18-038 10458 11053 5260 915 240 -54 VG Final Assays Received
FA-18-040 10459 11054 5261 803 246 -48 VG Further Sampling Underway
FA-18-051 10432 11040 5260 670 220 -51 VG Further Assays pending
FA-19-052 10121 10605 5258 833 35 -62 VG Further Sampling Underway
FA-19-053 10432 11043 5260 966 262 -48 VG Assays pending
FA-19-054 10195 10553 5258 777 360 -55 VG Assays pending
FA-19-055 10732 10561 5261 415 260 -45 CP Assays pending
FA-19-056 10195 10629 5258 666 360 -55 VG Assays pending
FA-19-057 10732 10561 5261 487 200 -45 CP Assays pending
FA-19-058 10195 10553 5258 303 190 -55 Assays pending
FA-19-059 10269 10578 5258 774 360 -61 VG Assays pending
FA-19-060 10621 10606 5260 417 260 -45 CP Assays pending
FA-19-061 10191 10704 5257 Underway 360 -55 Drilling Underway
FA-19-062 10265 10653 5258 Underway 360 -58 Drilling Underway
(1)
Table includes only drill holes for which assays are pending. For earlier holes please refer to tables in previous press
releases.
(2) Drill holes containing visible gold ("VG") or chalcopyrite-bearing mineralized shear zone ("CP").
Fenelon is located in northwestern Quebec proximal to the Sunday
Lake Deformation Zone ("SLDZ") which hosts the Detour Gold Mine in
Ontario, and Balmoral Resources' gold deposits at Martiniere. Fenelon
hosts the Discovery Zone gold deposit and surrounding 4 km strike
length of a gold-hosting secondary splay of the SLDZ.
Since acquiring the property in late 2016, Wallbridge has completed
an updated resource estimate and a positive pre-feasibility study on
the existing resource. Wallbridge has undertaken successful surface
exploration drilling campaigns in 2017, 2018 and 2019, and has
recently completed an underground 35,000-tonne bulk sample at
Fenelon. Drilling to date has significantly extended existing zones,
located additional parallel zones, and discovered a new gold system
referred to as Area 51.
Drill core samples from the ongoing drill program at Fenelon were cut
and bagged on site and transported to SGS Canada Inc. Samples,
along with standards, blanks, and duplicates included for quality
assurance and quality control, were prepared and analyzed at SGS
Canada Inc. laboratories. Samples are crushed to 90% less than
2mm. A 1kg riffle split is pulverized to >95% passing 106 microns. 50g
samples are analyzed by fire assay and AAS. Samples >10g/t Au are
automatically analyzed by fire assay with gravimetric 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 Persons responsible for the technical content of this
press release are Marz Kord, P. Eng., M. Sc., MBA, President & CEO
and Attila Péntek, P.Geo., Ph.D., Vice President Exploration for
Wallbridge Mining Company Limited.
About Wallbridge Mining
Wallbridge is establishing a pipeline of projects that will support
sustainable production and revenue as well as organic growth through
exploration and scalability.