Canadian Mining Journal

News

GOLD: Wallbridge finds new promise at Fenelon



The exploration target area at the Fenelon gold property. (Image: Wallbridge Mining Company)

QUEBEC – Toronto-based Wallbridge Mining Company says results from this year’s exploration at the Fenelon gold property 75 km northwest of Matagami exceeded expectations. The company is now planning a 35,000-tonne underground bulk sample as well as additional drilling for 2018.

Since it acquired the Fenelon property in October 2016, Walbridge has completed 33 drill holes totaling 6,348 metres in three surface drilling campaigns. The results from the last six holes identified two new gold-bearing structures. Mineralization was extended as much as 130 metres outwards from the existing deposit. Four of the holes each intersected multiple mineralized intervals, three of which contained visible gold.

The most noteworthy assays were 18.95 g/t gold over 1.02 metres from about 45 metres down hole and 11.30 g/t over 0.66 metres from about 105 metres down hole.

A summary of all drilling at Fenelon this year is contained in a news release dated Dec. 13, 2017, posted at www.WallbridgeMining.com