Wallbridge Continues to Expand High-Grade Mineralization Intersecting up to 346.55 g/t Gold Over 3.06 metres at the Fenelon Gold Property in Quebec
Wallbridge Continues to Expand High-Grade Mineralization Intersecting up to
346.55 g/t Gold Over 3.06 metres at the Fenelon Gold Property in Quebec
TORONTO, Sept. 5, 2017 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7 )
(" Wallbridge ") is pleased to announce assay results from its se cond round of exploration drilling on the
100% owned Fenelon Gold property ("Fenelon") in Quebec. Nine of fifteen drill holes intersected visible
gold, expanding the high-grade deposit to the west and down-plunge and discovering two new parallel
zones. Mineralization remains open along strike and to depth and follow-up drilling is planned to begi n in
September.
Highlights
• Results follow Wallbridge's announcement of prelim inary results on July 12, 2017, which reported
eight holes intersecting substantial intervals containing visible gold.
• Drill hole FA-17-17 intersected four mineralized z ones including:
• 346.55 g/t gold over 3.06 metres from 134.86 metre s down hole in the newly named "Viper"
zone in which previous drill hole FA-17-07 intersected 149.08 g/t gold over 7.06 metres (see
Wallbridge press release dated April 18, 2017);
• 21.95 g/t gold over 4.45 metres from 110.92 metres down hole in the newly discovered
"Habanero" zone;
• 6.13 g/t gold over 5.22 metres from 126.97 metres down hole in the newly discovered "Paprika"
zone;
• Drill hole FA-17-18 intersected two mineralized zo nes including 7.83 g/t gold over 4.64 metres from
121.36 down hole, extending the new Viper zone;
• Drill hole FA-17-19 intersected 12.29 g/t gold ove r 6.87 metres from 116.72 metres down hole,
extending the new Habanero zone;
• Drill hole FA-17-22 intersected two mineralized zo nes including 67.00 g/t gold over 0.76 metres from
36.00 metres depth, extending the newly named "Caye nne" zone (previously the 109 zone); and
• Drill hole FA-17-23 intersected two mineralized zo nes including 9.37 g/t gold over 2.99 metres from
132.00 metres down hole, extending the new Habanero zone and leaving it open down-plunge to the
west.
"This is Wallbridge's second successful drilling program at Fenelon since acquisition. We are excited with
the results which significantly expand the high-grade core of the deposit at 100 metres depth and within
reach of the planned bulk sample development. In addition, several new parallel zones have been
identified which have similar potential. We are mor e confident than ever in the resource expansion
potential at Fenelon," stated Marz Kord, President and CEO of Wallbridge, "We look forward to more
surface drilling this fall to further extend the deposit at shallow depths and test other targets on the
property. In addition, we look forward to underground drilling to expand the deposit during the 35,000
tonne bulk sample that we plan to start this fall".
Twenty-four exploration drill holes totaling 4,808 metres have been completed from surface at Fenelon in
2017. The drilling reported here includes fifteen drill holes totaling 3,231 metres of which nine hole s
intersected visible gold as shown in the table below (see press release July 12, 2017). This program
followed-up results from earlier in the year when f ive of nine holes intersected significant gold, including
149.08 g/t gold over 7.06 metres (see Wallbridge press release dated April 18, 2017).
A summary of the assay results from this second round of exploration drilling are reported in Table 1 and
2 and also shown on Figures 1, 2, 3, 4, and 5 below.
Table 1. Fenelon exploration drilling assay results.
Drill Hole From To From To Length* Au Au Capped** VG*** Zone
(m) (m) (m) (m) (m) (g/t) (g/t)
FA -17 -10 Anomalous Gold
FA -17 -11 Anomalous Gold
FA-17-12 240.15 245.76 5.61 1.15 1.15 VG
FA-17-12 Including... 244.34 245.76 1.42 3.57 3.57 VG
FA-17-13 265.30 266.77 1.47 1.79 1.79 VG
FA -17 -14 Anomalous Gold
FA -17 -15 Anomalous Gold
FA-17-16 26.50 27.12 0.62 6.50 6.50 VG Cayenne
FA-17-16 76.64 77.49 0.85 6.93 6.93 ?
FA-17-16 117.92 118.36 0.44 5.77 5.77 Paprika?
FA-17-16 125.65 131.85 6.20 2.25 2.25 VG Viper
FA -17 -16 Including... 128.72 129.77 1.05 12.40 12.40 VG Viper
FA-17-17 33.36 33.97 0.61 2.81 2.81 Cayenne
FA-17-17 110.92 115.37 4.45 21.95 21.95 VG Habanero
FA -17 -17 Including... 111.89 113.32 1.43 65.34 65.34 VG Habanero
FA-17-17 126.97 132.19 5.22 6.13 6.13 VG Paprika
FA -17 -17 Including... 128.08 129.81 1.73 14.50 14.50 VG Paprika
FA-17-17 134.86 137.92 3.06 346.55 140.00 VG Viper
FA -17 -17 Including... 135.21 136.77 1.56 678.71 140.00 VG Viper
FA-17-18 121.36 126.00 4.64 7.83 7.83 VG Viper
FA -17 -18 Including... 125.11 126.00 0.89 34.60 34.60 VG Viper
FA-17-18 132.00 134.45 2.45 4.25 4.25 Chipotle
FA-17-18 Including... 132.00 133.05 1.05 13.55 13.55 Chipotle
FA-17-19 116.72 123.59 6.87 12.29 12.29 VG Habanero
FA -17 -19 Including... 120.78 122.56 1.78 44.71 44.71 VG Habanero
FA-17-20 28.42 28.83 0.41 18.45 18.45 VG Cayenne
FA-17-20 76.8 80.75 3.95 1.35 1.35 Habanero?
FA-17-20 114.4 117.1 2.70 3.81 3.81 VG Viper
FA -17 -20 Including... 116.47 117.10 0.63 15.90 15.90 VG Viper
FA -17 -21 Anomalous Gold
FA-17-22 36.00 36.76 0.76 67.00 67.00 VG Cayenne
FA-17-22 123.19 125.44 2.25 3.93 3.93 Paprika
FA-17-23 44.12 45.00 0.88 2.93 2.93 Cayenne
FA-17-23 132.00 140.76 8.76 3.31 3.31 VG Habanero
FA -17 -23 Including... 132.00 134.99 2.99 9.37 9.37 VG Habanero
FA -17 -24 Anomalous gold
Re-sampling
FA-17-07 29.42 30.17 0.75 3.86 3.86 Cayenne
*Drill core length. The true width is 66-78 % of the drill core length.
**Au capped at 140 g/t following InnovExplo's 2016 Mineral Resource Estimate.
***Intervals containing visible gold ("VG").
Figure 1. Fenelon composite long section showing recent drill holes.
http://www.wallbridgemining.com/i/pdf/201700905_Fig ure_1.pdf
Figure 2. Fenelon detailed inclined long section of the west extension target.
http://www.wallbridgemining.com/i/pdf/201700905_Fig ure_2.pdf
Figure 3. Fenelon plan view showing recent drill holes.
http://www.wallbridgemining.com/i/pdf/201700905_Fig ure_3.pdf
Figure 4. Fenelon detailed plan view showing the we st extension target.
http://www.wallbridgemining.com/i/pdf/201700905_Fig ure_4.pdf
Figure 5. Fenelon cross section showing the west extension target.
http://www.wallbridgemining.com/i/pdf/201700905_Fig ure_5.pdf
Wallbridge acquired Fenelon last fall and released positive results from a pre-feasibility study earlier this
year (see Wallbridge press release dated March 6, 2017). In addition to ongoing surface exploration to
expand the resource, Wallbridge received a Certific ate of Non-Liability (Attestation de Non-
Assujettissement) from the Government of Quebec for the dewatering of the pit and ramp and a 35,000
tonne bulk sample and has submitted an application for a certificate of authorization ("C of A") from the
regional authority responsible for issuing permits. The underground bulk sample at Fenelon is expected to
commence later in 2017 and Wallbridge is working to achieve commercial production at Fenelon in 2018
(see Wallbridge press release dated August 15, 2017).
Table 2. Fenelon Gold Property drill hole informati on.
Drill Hole ID UTM E UTM N Elevation Length (Metres) Azimuth Dip
FA-17-10 670700 5542028 264 222 25 -48
FA-17-11 670700 5542028 264 228 27 -53
FA-17-12 670561 5542035 263 282 39 -66
FA-17-13 670561 5542035 263 312 27 -67
FA-17-14 670561 5542035 263 300 39 -67
FA-17-15 670463 5542127 262 174 26 -68
FA-17-16 670463 5542128 262 150 26 -59
FA-17-17 670464 5542127 262 165 41 -63
FA-17-18 670464 5542127 262 165 38 -55
FA-17-19 670463 5542127 262 164 39 -67
FA-17-20 670464 5542127 262 150 39 -51
FA-17-21 670463 5542127 262 201 48 -71
FA-17-22 670463 5542128 262 162 5 -62
FA-17-23 670463 5542127 262 198 5 -70
FA-17-24 670577 5542358 264 358 200 -47
Drill core samples from the recent drill programs at Fenelon were cut and bagged on site and transported
to ALS Chemex. Samples, along with standards, blank s, and duplicates included for quality assurance
and quality control, were prepared and analyzed at ALS Chemex Ltd. 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 (for samples returning >100g/t Au, 50g is automatically analyzed by fire
assay with gravimetric finish). For samples >10g/t Au or samples containing visible gold, Wallbridge
requests screen metallic analysis of the remaining pulverised split to test for coarse free gold. Several
screen metallic analysis are still pending. 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 Attila Pentek, P.Geo.,
Ph.D., Senior Geologist for Wallbridge Mining Company Limited. Mr. Pentek has prepared, supervised
and approved the scientific and technical disclosures in this press release.
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.
Wallbridge is currently preparing to develop its 100%-owned high-grade gold Fenelon Gold Property in
Quebec with ongoing exploration and a bulk sample targeted to start in 2017. Wallbridge is also in
discussions regarding several other advanced stage projects which could become the Company's next
mines. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and
efficiently mining the Broken Hammer deposit in Sud bury, which was completed in October
2015. Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and
PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.
Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia
through its 12.7% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources
Limited).
This press release may contain forward-looking stat ements (including "forward-looking
information" within the meaning of applicable Canad ian securities legislation and "forward-
looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995)
relating to, among other things, the operations of Wallbridge and the environment in which it
operates. Generally, forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expect ed", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or statements that certain action s, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved ". Wallbridge has relied on a number of
assumptions and estimates in making such forward-lo oking statements, including, without
limitation, the costs associated with the developme nt and operation of its properties. Such
assumptions and estimates are made in light of the trends and conditions that are considered to
be relevant and reasonable based on information available and the circumstances existing at this
time. A number of risk factors may cause actual res ults, level of activity, performance or
outcomes of such exploration and/or mine developmen t to be materially different from those
expressed or implied by such forward-looking statem ents including, without limitation, whether
such discoveries will result in commercially viable quantities of such mineralized materials, the
possibility of changes to project parameters as pla ns continue to be refined, the ability to execute
planned exploration and future drilling programs, t he need for additional funding to continue
exploration and development efforts, changes in gen eral economic, market and business
conditions, and those other risks set forth in Wallbridge's most recent annual information form
under the heading "Risk Factors" and in its other p ublic filings. Forward-looking statements are
not guarantees of future performance and such infor mation is inherently subject to known and
unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the
control of Wallbridge. Although Wallbridge has attempted to identify important risks and factors
that could cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other fact ors and risks that cause actions, events or
results not to be as anticipated, estimated or intended. Consequently, undue reliance should not
be placed on such forward-looking statements. In ad dition, all forward-looking statements in this
press release are given as of the date hereof.
Wallbridge disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, save and except
as may be required by applicable securities laws. T he forward-looking statements contained
herein are expressly qualified by this disclaimer.
SOURCE Wallbridge Mining Company Limited
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For further information: Please visit the Company's website at www.wallbridgemining.com or
contact: Wallbridge Mining Company Limited, Joshua Bailey, P.Geo., M.Sc., MBA, Vice President
Exploration, Tel: (705) 682-9297 ext. 240, Email: [email protected]; David Ellis, Investor
Relations, Tel: (416) 704-0937, Email: [email protected]
CO: Wallbridge Mining Company Limited
CNW 07:48e 05-SEP-17