Wallbridge Resumes Drilling Following High-Grade Results at Fenelon Gold Property in Quebec
Wallbridge Resumes Drilling Following High-Grade Results at Fenelon Gold
Property in Quebec
TORONTO, Oct. 10, 2017 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7 )
(" Wallbridge ") is pleased to announce that it has resumed surface exploration drilling on the 100%
owned Fenelon Gold property (" Fenelon ") in Quebec. Drilling is focused on further expanding the deposit
following the high-grade gold results intersected earlier in the year and in lead up to underground
exploration drilling concurrent with the underground bulk sample expected to begin later this fall.
Year to date and since acquisition in October 2016, Wallbridge has completed 24 surface exploration dr ill
holes totaling 4,808 metres drilling. Fourteen of these drill holes intersected significant intervals of gold
mineralization, including multiple parallel zones, outside of the 5.0 g/t gold grade shell of the previously
established resource estimate. Highlights from rece nt drilling include drill hole FA-17-07 which intersected
141.16 g/t gold over 7.06 metres and FA-17-17 which intersected 346.55 g/t gold over 3.06 metres (see
Wallbridge press release September 5, 2017).
"Our goal with this next round of drilling is to further evaluate and expand the deposit's west extens ion
where holes FA-17-07 and FA-17-17 noted above were drilled," stated Marz Kord, President and CEO of
Wallbridge. "We also continue to make progress with permitting of the bulk sample at Fenelon which wil l
also enable us to commence underground drilling."
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. Reported 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 09:19e 10-OCT-17