The Fenelon gold property has ample exploration upside. (Image: Wallbridge Mining)
QUEBEC – Wallbridge Mining of Toronto has secured all the funding necessary to take a 35,000-tonne bulk sample a its Fenelon gold property 75 km northwest of Matagami.
The existing pit and underground workings have been dewatered, and a 79-person camp established. The underground contractor is fully mobilized at the site and work has begun ahead of schedule.
The bulk sample will be taken within the first 125 metres from surface. The material grades between 18 g/t and 25 g/t gold.
The company says it will take about four weeks to rehabilitate the existing ramp and levels, then ramp deepening and underground diamond drilling will begin. Drilling is planned from the existing exploration drift on the 5210 level to infill the current resource, delineate stopes and test resource extensions up and down plunge in the top 150 metres. Deeper drilling – from the 5150 and 5135 levels – will take place later this year.
Wallbridge plans to begin ore production in the third quarter this year. The property has proven and probable reserves of 96,721 tonnes grading 9.30 g/t gold and containing 28,922 oz. of gold.
More information about the Fenelon project is available at www.WallbridgeMining.com.