Wallbridge Exploration Drilling Continues to Expand Mineralized Footprint of Martiniere Deposit Intercepting Multiple High Grade Gold Structures
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Wallbridge Exploration Drilling Continues to Expand Mineralized Footprint
of Martiniere Deposit Intercepting Multiple High Grade Gold Structures
Toronto, Ontario – June 2, 2025 – Wallbridge Mining Company Limited (TSX: WM,
OTCQB:WLBMF) (“Wallbridge” or the “ Company”) today announced the results for the first eleven
holes of its 2025 exploration drilling program at its 100% owned Martiniere gold project (“Martiniere”).
The results include multiple high-grade gold intercepts along extensions to four of the zones targeted
along the Bug Lake ( “BL”) deformation corridor , and at a fifth newly identified target located
approximately 300 metres north of the BL deformation corridor.
Highlights:
Dragonfly
MR-25-111 40.99 g/t Au over 2.3m including 59.60 g/t Au over 1.5m
MR-25-112 20.91 g/t Au over 2.7m including 51.90 g/t Au over 1.0m
MR-25-116 28.44 g/t Au over 1.2m including 52.80 g/t Au over 0.6m;
18.54 g/t Au over 4.0m including 65.80 g/t Au over 1.0m
MR-25-117 7.61 g/t Au over 2.1m including 17.60 g/t Au over 0.9m
MR-25-121 28.52 g/t Au over 1.8m including 63.00 g/t Au over 0.8m
14.31 g/t Au over 1.5m including 30.50 g/t Au over 0.5m;
16.79 g/t Au over 10.1m including 17.62 g/t Au over 3.0m and 32.87 g/t Au over 3.0m;
17.08 g/t Au over 1.7m including 38.90 g/t Au over 0.7m
Horsefly
MR-24-100 6.71 g/t Au over 14.4m including 9.81 g/t Au over 3.0m and 11.41 g/t Au over 5.0m
BL North
MR-25-113 6.14 g/t Au over 0.6m and 5.62 g/t Au over 0.7m
Martiniere Northeast - New Area
MR-25-115 3.84 g/t Au over 6.0m including 7.27 g/t over 3.0m
"We continue to be very pleased with the positive results of our exploration program at Martiniere,”
commented Brian W. Penny, Wallbridge CEO. “Building on the success of our 2024 exploration
program, our strategy for 2025 is to assess the potential to expand the Martiniere gold resource through
systematic step-out drilling along known high-grade structures along the Bug Lake deformation zone
and drilling of new targets identified within the broader deposit area. The initial results for Phase 1 reflect
the success of this strategy . Our team is eager to receive the remaining Phase 1 assay results which
will be inco rporated into our plans for Phase 2 scheduled to commence in mid -July,” concluded Mr.
Penny.
Martiniere 2025 Drilling Program
The Company’s 2025 Martiniere drilling program commenced earlier this year in mid -March (see
Wallbridge news release dated March 14, 2025 ). During 2025, the Company plans to complete a total
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of 10,000 to 15,000 met res in two phases of drilling at Martiniere. During Phase 1, completed on May
14, the Company drilled 16 holes plus two extensions to holes drilled in 2024 for a total of 7,225 metres.
The results presented in this news release are for the first nine holes plus the two-hole extensions. Once
all pending assays have been received, the Company plans to report the remaining results of the Phase
1 program in late June or early July. Drilling at Martiniere is scheduled to resume in mid -July with the
commencement of the Phase 2 program.
At Dragonfly , high-grade gold intercepts in drill holes MR -25-111, MR -25-112, MR-25-121, and an
extension to hole MR-24-110 add another 300 metres of strike length to the northwest, providing further
support for geologic continuity between the Dragonfly and the Bug Lake North zones. Likewise, high-
grade gold mineralization intercepted in hole MR -25-117 extends the Dragonfly zone another 250
metres to the southeast, where mineralization remains open along strike. Assay results are pending for
holes MR-25-122 and MR-25-123 drilled to test down-dip projections of Dragonfly gold mineralization.
At Horsefly, a deeper extension to hole MR -24-100 has intercepted additional high -grade gold
mineralization peripheral to the currently defined mineral resource . Drilling has also intercepted
significant gold grades in hole MR-25-114 drilled approximately 200 metres to the east of the Horsefly
resource. Assay results are pending for Horsefly holes MR -25-124 and MR-25-125 drilled to test for
additional gold mineralization between the Horsefly resource and the regional scale Lac-Du-Doigt fault
to the north.
Drilling farther outboard of the central Martiniere resource area has also returned positive results. Drill
hole MR-25-115 intercepted 3.0 metres of high-grade gold mineralization grading 7.37 g/t Au in an area
north of the Lac du Doigt fault where no exploration drilling has been done previously. Assay results are
pending for holes MR -25-120 and MR-25-126, drilled as widely spaced step -out holes to follow up on
the positive results returned from MR-25-115. Step-out drilling along the southeasterly trend ing Bug
Lake South zone intercepted a narrow interval of mineralization grading 2.35 g/t Au over 1.0m in hole
MR-25-118. Assays are pending for hole MR-25-119, drilled as a down-plunge step-out of the Bug Lake
South underground resource.
With these latest results, gold mineralization along the Bug Lake corridor has been delineated over an
approximate 2,000m by 800m area and to an average vertical depth of 350-400m below surface. Deeper
intercepts from hole MR-25-121 reported here and historic drill hole MDE-17-189 indicate the Martiniere
gold system remains open at depth to at least 500m below surface. Gold mineralization at Martiniere
occurs in close association with pyritic silica-sericite alteration and quartz -carbonate veining along
discrete fault and shear structures in a host sequence of basaltic volcanic and cross -cutting felsic
porphyry intrusive rocks.
Martiniere Drill Hole Location Map
For more information including a drill hole location map, representative long-section and tables with
drill hole location information and composited assays for complete drill holes please refer to the links
below.
Martiniere Plan View – 2025 Drilling
Martiniere Gold Project: 2024 Phase 2 Long-Section
Martiniere Gold Project: Q3 2024 Drill Assay Summary and Drill Hole Location Information
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Martiniere Project 2025 Phase 1 Drill Assay Highlights1
From To Length3 Au4
Drill Hole VG* 2 (m) (m) (m) (g/t)
DRAGONFLY
MR-24-110 Reported
previously 79.3 80.6 1.3 17.35
* 143.0 145.3 2.3 27.60
MR-24-110 ext’nn 234.2 235.4 1.2 5.95
MR-25-111 * 457.0 458.5 1.5 7.87
Including 457.0 458.0 1.0 0.50
* 458.0 458.5 0.5 22.60
464.0 467.7 3.7 3.98
Including 464.0 467.0 3.0 2.79
467.0 467.7 0.7 9.08
500.7 503.0 2.3 40.99
Including 500.7 502.2 1.5 59.60
502.2 503.0 0.8 6.11
MR-25-112 254.7 257.4 2.7 20.91
Including 254.7 255.5 0.8 3.52
255.5 256.5 1.0 51.90
256.5 257.4 0.9 1.93
MR-25-116 * 160.8 162.0 1.2 28.44
Including 160.8 161.4 0.6 4.08
* 161.4 162.0 0.6 52.80
336.0 340.0 4.0 18.54
Including 336.0 337.1 1.1 5.49
337.1 338.0 0.9 0.48
338.0 339.0 1.0 65.80
339.0 340.0 1.0 1.88
MR-25-117 274.5 276.6 2.1 7.61
Including 274.5 275.0 0.5 0.11
275.0 275.9 0.9 17.60
275.9 276.6 0.7 0.13
MR-25-121 * 121.2 123.0 1.8 28.52
Including 121.2 122.2 1.0 0.94
* 122.2 123.0 0.8 63.00
* 247.0 248.5 1.5 14.31
Including* 247.0 247.7 0.7 30.50
247.7 248.5 0.8 0.15
* 375.4 378.8 3.4 5.79
Including 375.4 376.4 1.0 3.35
376.4 377.8 1.4 0.50
* 377.8 378.8 1.0 15.65
421.2 423.5 2.3 4.88
Including 421.2 422.2 1.0 10.30
422.2 423.5 1.3 0.71
443.9 454.0 10.1 16.79
Including 443.9 447.9 4.0 17.62
447.9 451.0 3.1 0.15
451.0 454.0 3.0 32.87
465.5 467.8 2.3 3.65
Including 465.5 466.8 1.3 0.41
466.8 467.8 1.0 7.87
480.0 482.4 2.4 2.65
Including 480.0 480.8 0.8 1.42
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Martiniere Project 2025 Phase 1 Drill Assay Highlights1
From To Length3 Au4
Drill Hole VG* 2 (m) (m) (m) (g/t)
480.8 481.8 1.0 4.29
481.8 482.4 0.6 1.57
484.8 486.5 1.7 17.08
Including 484.8 485.5 0.7 38.90
485.5 486.5 1.0 1.01
577.0 579.0 2.0 8.90
Including 577.0 578.5 1.5 1.77
578.5 579.0 0.5 30.30
MR-25-122 Assays Pending
MR-25-123 Assays Pending
BUG LAKE NORTH
MR-25-113 25.5 30.0 4.5 1.14
25.5 27.0 1.5 0.22
27.0 27.6 0.6 6.14
27.6 30.0 2.4 0.46
390.3 392.0 1.7 2.41
390.3 391.0 0.7 5.62
391.0 392.0 1.0 0.17
HORSEFLY
MR-24-
100
Reported
Previously * 57.8 68.8 11.0 16.21
* 114.4 121.3 6.9 7.24
124.4 130.0 5.6 3.70
155.0 155.5 0.5 10.80
MR-24-100 ext’n 162.0 163.5 1.5 6.11
* 284.6 299.0 14.4 6.71
Including 284.6 286.5 1.9 5.08
286.5 288.0 1.5 0.04
288.0 291.0 3.0 9.81
291.0 294.0 3.0 0.14
* 294.0 299.0 5.0 11.41
MR-25-114 226.7 227.6 0.9 2.79
240.7 241.5 0.8 2.05
MR-25-124 Assays Pending
MR-25-125 Assays Pending
MARTINIERE NORTHEAST
MR-25-115 234.0 237.0 3.0 7.27
Including 234.0 235.5 1.5 8.16
235.5 237.0 1.5 6.38
MR-25-120 Assays Pending
BUG LAKE SOUTH
MR-25-118 189.9 190.9 1.0 2.35
MR-25-119 Assays Pending
Notes
1 Summarized assay highlights have been selected based on a combination of criteria including observable
mineralization and/or having a Metal Factor >5 gm*m (MF = Au g/t * Interval length).
2 Asterisk * denotes visible gold (VG) observed in drill core.
3 True widths are estimated to be 60-90% of the reported core length intervals.
4 Previously reported results (November 6, 2024 News Release) that were initially reported as >10g/t have been
updated.
The Martiniere project is a key component of the Company’s 830 square kilometre Detour -Fenelon
Trend property package located in Northern Abitibi, Quebec, 30 kilometres west of the Company’s
flagship Fenelon gold project and 50 kilometres east of Canada’s largest gold mine, Agnico Eagle’s
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Detour Lake gold mine. Exploration and resource delineation drilling completed at Martiniere has so far
intercepted multiple zones of vein-hosted gold mineralization over an approximate 2.0 kilometre by 800
metre area along the northwest -southeast trending Bug Lake Zone, and over an approximate 1.5
kilometre by 250 metre area along the northeast -southwest trending Martiniere West and Central
corridor.
Wallbridge Mining Detour – Fenelon Gold Trend Properties
Quality Assurance / Quality Control
Wallbridge maintains a Quality Assurance/Quality Control (" QA/QC") program for all its exploration
projects using industry best practices. Key elements of the QA/QC program include verifiable chain of
custody for samples, regular insertion of blanks and certified reference materials, and completion of
secondary check a nalyses performed at a separate independent accredited laboratory. Drill core is
halved and shipped in sealed bags to Activation Laboratories Ltd. (ActLabs) in Val d’Or, Quebec where
they are routinely analysed via fire assay with AAS finish methods. For greater precision and accuracy,
samples assaying 10 g/t Au or greater are re-distributed to other ActLabs facilities where they are re-
assayed via metallic screen fire assay or fire assay/gravimetric finish, depending on the amount of
sample material remaining available. Samples containing visible gold are submitted directly for analysis
by metallic screen fire assay method. Activation Laboratories Ltd. operates under a Quality Management
System that conforms to the requirements of ISO/IEC 17025.
Qualified Person
The Qualified Person responsible for the technical content of this news release is Mr. Mark A. Petersen,
M.Sc., P.Geo. (OGQ AS-10796; PGO 3069), Senior Exploration Consultant for Wallbridge.
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of gold
projects in Quebec’s Abitibi region while respecting the environment and communities where it
operates. The Company holds a contiguous mineral property posi tion totaling 830 km 2 that extends
approximately 97 km along the Detour -Fenelon gold trend. The property is host to the Company’s
flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as
well as numerous other gold exploration targets.
For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:
WALLBRIDGE MINING COMPANY LIMITED
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Wallbridge Mining Company Limited
Brian Penny, CPA, CMA
Chief Executive Officer
Email: [email protected]
M: +1 416 716 8346
Tania Barreto, CPIR
Director, Investor Relations
Email: [email protected]
M: +1 289 819 3012
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The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning
of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and interpretations as at the
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All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates
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FLI in this document may include, but is not limited to: statements regarding the results of the PEA; the potential future
performance of the Common Shares; future drill results; the Company’s ability to convert inferred resources into measured
and indicated resources; environmental matters; stakeholder engagement and relationships; parametres and methods used to
estimate the MRE’s at Fenelon and Martiniere (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling
at the Deposits; and the significance of historic exploration activities and results.
FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be
appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be
materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI
contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions,
the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be
consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and
neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except
as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained
in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on
information available as of the date of this document. Accor dingly, you should not place undue reliance on the FLI, or
information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financ ial
position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy
of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property
interests in the Deposits; the accuracy of key assumptions, parametres or methods used to estimate the MREs and in the PEA;
the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; failure of
equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange
rates; environmental expectations; community and non -governmental actions; and, the Company’s ability to secure required
funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities
regulatory authorities in Canada, which are available at www.sedarplus.ca.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and
Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and
mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in
CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy
and Petroleum Council on May 19, 2014, as amended . NI 43-101 differs significantly from the disclosure requirements of the
SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties,
mineralization and estimates of mineral reserves and mineral resour ces may not be comparable to similar information made
public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the
rules and regulations thereunder.