Wallbridge extends gold mineralization at Fenelon in Quebec

Wallbridge Mining (TSX: WM; OTC: WLBMF) has reported positive assay results from ongoing resource drilling at its flagship Fenelon gold project, further expanding the lateral footprint of the deposit beyond its initial 2021 resource estimate.

Fenelon is located 80 km east of Agnico Eagle Mining’s (TSX: AEM; NYSE: AEM) Detour Lake gold mine at the centre of Wallbridge’s land package, which covers roughly 910 sq. km. of the Detour-Fenelon gold trend in northwestern Quebec. Fenelon’s initial resource estimation completed in 2021 contained 36 million indicated tonnes grading 1.84 grams gold per tonne for 2.1 million contained oz., plus 29 million inferred tonnes at 1.57 grams gold for 1.5 million contained oz.

“Today’s results add new gold mineralization along the eastern and western margins of the 2021 [resource estimate], said Marz Kord, Wallbridge’s president and CEO, in a release. “We are particularly pleased with the gold endowment in the eastern part of the deposit, where the host diorite is pervasively mineralized and we have encountered high-quality gold zones that remain entirely open toward the southeast.”

The Fenelon gold project in northwestern Quebec. Credit: Wallbridge Mining

The western and eastern extensions of mineralization are exemplified by drill holes FA-22-401 (19 metres of 3.01 grams gold) in the west and FA-22-420A (3.3 metres of 25.14 grams gold) in the east, both of which intersected gold mineralization outside the existing resource at approximately 795 to 865 metres below the surface. Furthermore, the areas directly surrounding these intercepts remain untested with further room to expand the mineralization.

The new drill results further demonstrated the expansion potential of the Fenelon gold deposit, where Wallbridge has been extending the near-surface mineralization at Area 51 and recently confirmed its continuity at depth by establishing underground access.

“Overall, the drilling at Fenelon this year has continued to prove extensions of new gold zones in multiple directions, which will help strengthen the project by delivering a more robust orebody with the flexibility to develop an optimal mine design,” Kord added.

Wallbridge geologists and technical staff envision that the next resource estimate could point to a primarily bulk-mineable underground resource at Fenelon, with possible smaller open pits on shallow mineralized zones such as at Gabbro and Area 51.