Canadian Mining Journal

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GOLD: Wallbridge cuts more high grades at Fenelon



A 3D view of the Fenelon gold mine. (Image: Wallbridge Mining Company)

QUEBEC – Wallbridge Mining Company of Toronto continues to drill high grades at its Fenelon gold property 75 km northwest of Matagami. So far, 41 drill holes have been completed and visible gold was observed in 27 of them.

Here are the four most recent assays:

  • Hole 18-1030-011: 10.05 g/t gold over 5.40 metres in the Naga Viper zone;
  • Hole 18-1035-002: 29.23 g/t gold over 4.80 metres in the Chipotle zone;
  • Hole 18-1035-004: 65.70 g/t gold over 1.08 metres in the Fresno zone; and
  • Hole 18-1035-012: 28.30 g/t gold over 0.55 metres in the Chipotle zone and 61.10 g/t gold over 0.30 metres in the Naga Viper zone.

Assay results from an additional 33 drill holes are pending.

While it waits for more assays, Wallbridge has begun shipping the Fenelon bulk sample to the Camflo mill. The sample is expected to provide 19,000 to 26,000 oz. of gold, almost half of which is priced at US$1,720 per oz. Gold sales will provide working capital.

Exploration drilling is now focusing on stope definition and resource expansion in the West extension area of the Naga Viper and Habanero zones, including a shoot discovered last year that tested as high as 260.4 g/t gold over 7.02 metres. Deeper drilling to test the down plunge of know high grade shoots is planned for later this year. A 10,000-metre surface drilling program is also planned.

Detailed drilling results can be found in the Aug. 14, 2018, news release at www.WallbridgeMining.com.