Fenelon cross-section 0850 showing the newly drilled Area 51. (Image: Wallbridge Mining Co.)
QUEBEC – The first hole of Wallbridge Mining’s 2019 surface drill program has intersected six instances of visible gold and other mineralized veins over about 275 metres of core at Area 51.
The discovery of Area 51 – a new zone 300 metres southwest of the Fenelon deposit – was announced in January 2019. Hole FA-19-052 confirmed the find with an intersection of 2.71 metres grading 12.70 g/t gold. The zone has many similarities with the main deposit at the Fenelon gold property 75 km northwest of Matagami.
Wallbridge says the Area 51 system appears to have formed along the regional contact of an unknown southern extension of the Jeremie Pluton. Geophysical data points toward a contact that may extend over 2.5 km on the property. This area will be of prime interest for drilling this year.
Since acquiring Fenelon in 2016, Wallbridge has completed an updated resource estimate and a positive pre-feasibility study. As well, a 35,000-tonne underground bulk sample is nearing completion.
The corporate presentation of March 2019 at www.WallbridgeMining.com contains more drilling results from Area 51.