Wallbridge Intersects 9.06 g/t Gold Over 40.05 Metres, including 16.33 g/t Gold Over 19.85 Metres in High-Grade Core of Lower Tabasco Zone
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 Intersects 9.06 g/t Gold Over 40.05 Metres, including 16.33 g/t Gold Over 19.85 Metres in
High-Grade Core of Lower Tabasco Zone
Toronto, Ontario – October 19, 2020 – Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the
“Company”) is pleased to report the first assay results from the ongoing 15-40 metre spaced infill drilling program to
better define the high-grade co re of the Lower Tabasco zone on its 100%-owned Fenelon Gold Property (“Fenelon” or
the “Property”). Results of FA-19-086-W1, the first of five wedge cuts correlate well with the results of FA-19-086.
FA-19-086-W1 9.06 g/t Au (8.82 g/t Au Cut) over 40.05 metres, including
4 . 7 4 g / t A u o v e r 7 . 2 0 m e tres and
16.33 g/t Au (15.84 g/t Au Cut) over 19.85 metres, which furthe r 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 origina l FA-19-086 intersection of
22.73 g/t Au over 48.01 metres including 32.22 g/t Au over 22.8 7 metres (see Wallbridge Press Release dated December
3rd, 2019) and mirror the grade distribution in FA-19-086 (see Figs. 1 and 2).
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 gol d mineralization, the degree of consistency in terms of style
of mineralization and grade distribution shown by these two int ersections 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 b een 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 contin uing in-fill drilling in other parts of the Tabasco and
WALLBRIDGE MINING COMPANY LIMITED TSX| WM
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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 Tabasco Zone , including
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 Cayenne Zone (see Figs. 1 and 4);
FA-20-155 1.78 g/t Au over 49.50 metres, including
9.24 g/t Au over 7.50 metres in the Cayenne Zone (see Figs. 1 and 4);
FA-20-153 3.11 g/t Au over 15.70 metres, including
5.87 g/t Au over 5.00 metres in the Tabasco Zone (see Figs. 1 and 6);
FA-20-161 1.01 g/t Au over 42.00 metres, including
4.48 g/t Au over 4.50 metres in the Tabasco Zone (see Figs. 1 and 3);
2020 Drilling Program Update
To September 30, 2020, approximately 75,000 metres of the plann ed fully-funded 100,000-metre 2020 drilling program
have been completed. Currently, five of six drill rigs are focu sing on expanding the Tabasco-Cayenne-Area 51
mineralization on the original Fenelon Gold Property, carrying out a combination of 50-100-metre step-outs and tighter-
spaced in-fill drilling. The sixth drill rig is actively exploring the connection of the Tabasco-Cayenne-Area 51 gold system
to the Ripley-Reaper area and the Sunday Lake Deformation Zone. Consideration has been given to increasing the scope
and size of the planned 2020 and 2021 drilling programs to be able to fully assess the ultimate size potential of this rapidly
growing gold system (see Wallbridge Press Release dated Oct 13, 2020).
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 o f the 2020 exploration 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, Tabasco Long Section
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]
Figure 2. Fenelon Gold, FA-19-086 Wedges, Plan View and Cross Section
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Figure 3. Fenelon Gold, Cross Section 9975
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Figure 4. Fenelon Gold, Cross Section 10200
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Figure 5. Fenelon Gold, Cross Section 10275
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Figure 6. Fenelon Gold, Cross Section 10350