Wallbridge to Display High Grade Fenelon Gold Core at PDAC
Wallbridge to Display High Grade Fenelon Gold Core at PDAC
TORONTO, March 1, 2018 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7)
("Wallbridge") is pleased to announce that it will be participating in the PDAC International Convention
on March 4-7, 2018 at Booth #2442 in the Investors Exchange. The conference is being hosted at the
Metro Toronto Convention Centre in Toronto, Canada.
Marz Kord, President and CEO, will be presenting a corporate update on Monday, March 5th in Room 802
at 11:15 am. Conference attendees are also invited to come by Coreshack Booth #3101A on Sunday,
March 4th and Monday, March 5th, to view high grade drill core from recent drilling on Wallbridge's
Fenelon Gold property. Core from holes FA-17-17 (311.08 g/t gold over 3.06 metres) and FA-17-26
(260.44 g/t gold over 7.02 metres) will be featured.
Wallbridge's Fenelon Gold property 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. The 1,052 hectare Fenelon Gold property hosts the Discovery Zone gold deposit
and surrounding 4 km strike length of a gold-hosting secondary splay of the SDLZ. A total of over 50,000
metres of drilling have been completed and, very significantly, two bulk samples have been mined and
processed from the deposit. In 2001, a 13,835 tonne bulk sample mined from a small open pit at the
Discovery Zone returned a reconciled grade of 9.84g/t gold. A second 8,169 tonne bulk sample, mined
from underground in 2004 returned a reconciled grade of 10.7 g/t gold. The open pit and underground
workings are currently flooded.
Since acquiring the property in late 2016, Wallbridge has completed an updated resource estimate and a
positive pre-feasibility study on the existing resource (see Wallbridge Press Release dated February 02,
2017). In addition, Wallbridge has completed 33 drill holes totalling 6,348 metres in three surface
exploration drilling campaigns at Fenelon. Drilling significantly extended existing zones and discovered
several new parallel zones (see Wallbridge Press Release dated December 13, 2017).
Results from this initial year's exploration drilling program have exceeded expectations and resulted in an
expanded exploration target for the area near existing infrastructure and above 150 metres depth.
Additional surface and underground exploration drilling as well as a 35,000 tonne underground bulk
sample are planned for 2018. All permits for the 35,000 tonne bulk sample have been received (see
Wallbridge Press Release dated January 16, 2018). Preparations for the bulk sample program, including
the dewatering of the open pit and underground workings are currently underway (see Wallbridge Press
Release dated February 27, 2018).
The Qualified Persons responsible for the technical content of this press release are Attila Pentek,
P.Geo., Ph.D., Vice President Exploration and Marz Kord, P. Eng., M. SC., MBA, President & CEO 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.
Wallbridge is currently preparing to develop its 100%-owned high-grade Fenelon Gold Property in
Quebec with ongoing exploration and a bulk sample targeted to start in 2018. Wallbridge is also pursuing
additional advanced stage projects which would add to the Company's near term project pipeline. These
discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently
mining the Broken Hammer deposit in Sudbury, 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 12.4% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources
Limited).
This press release may contain forward-looking statements (including "forward-looking
information" within the meaning of applicable Canadian 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 expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or statements that certain actions, 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-looking statements, including, without
limitation, the costs associated with the development 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 results, level of activity, performance or
outcomes of such exploration and/or mine development to be materially different from those
expressed or implied by such forward-looking statements including, without limitation, whether
such discoveries will result in commercially viable quantities of such mineralized materials, the
possibility of changes to project parameters as plans continue to be refined, the ability to execute
planned exploration and future drilling programs, the need for additional funding to continue
exploration and development efforts, changes in general 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 public filings. Forward-looking statements are
not guarantees of future performance and such information 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 factors 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 addition, 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. The 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 , Marz Kord, P. Eng., M. SC., MBA, President & CEO,
Tel: (705) 682-9297 ext. 251, Email: [email protected]; David Ellis, Investor Relations,
Tel: (416) 704-0937, Email: [email protected]
CO: Wallbridge Mining Company Limited
CNW 09:08e 01-MAR-18