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High grade visible gold in a core sample taken from the Fenelon project. (Image: Wallbridge Mining Company)[/caption]
QUEBEC – Toronto-based
Wallbridge Mining Co. has completed the rehabilitation of the existing underground development at its Fenelon gold project 75 km northwest of Matagami. Now the company has begun ramp development and underground diamond drilling in preparation for taking a 35,000-tonne bulk sample.
"With ramp development now underway we are on track to reach the next, 5195, level and start ore production from the first longhole stopes next quarter" said Marz Kord, president and CEO of Wallbridge.
The company is planning 8,000 metres of underground drilling as part of the stope definition and resource expansion program. The high grade mineralization – 260.4 g/t gold over 7.0 metres, 141.2 g/t gold over 7.1 metres, and 311.1 g/t over 3.1 metres – will be the subject of in-fill drilling. Drilling will move deeper to test the down-plunge of known high grade shoots late this year.
Wallbridge is also planning a 10,000-metre surface drilling program this year. The work will follow known mineralized zones and expand resources at depth and further from existing underground development.
Using a 5 g/t cut-off figure, the Fenelon property has measured and indicated resources of 91,000 tonnes averaging 12.97 g/t gold for 38,000 contained oz. The
in situ inferred resource is 6,500 tonnes at 9.15 g/t or 1,900 contained oz.
Additional information is available at
www.WallbridgeMining.com.
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