Wallbridge Continues to Define and Expand Area 51 Mineralization in the Fenelon Gold System – GlobeNewswire

TORONTO, Oct. 14, 2020 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to report continuing positive drill results from Area 51 on Wallbridge’s 100%-owned Fenelon Gold Property (“Fenelon” or the “Property”). Results of the 75-metre step-out drilling have further extended the Area 51 gold zones to the west and southeast, while in-fill drilling in Area 51 continues to define the distribution of gold mineralization consisting of numerous narrow, high grade veins within vein network zones tens of metres in width.

“Our systematic step-out drilling is now revealing strong Area 51-style mineralization continuing to the west on the new drill section 9750E,” said Attila Péntek, Vice President, Exploration of Wallbridge. “The mineralization is wide open to the west towards the intersection in FA-20-160 approximately 400 metres away. Similarly, the intersection of the newly discovered Hubble zone on section 10425E provides continuity in the southeast and a possible connection to the Area 51 mineralization recently discovered all the way to the Sunday Lake Deformation Zone.”

Highlight intersections from step-out drilling to the west on Section 9750E (see Figs. 1 and 2) include:

  • 2.62 g/t Au over 25.00 metres, including
         12.48 g/t Au over 4.80 metres in FA-20-167
  • 5.02 g/t Au over 7.45 metres, including
         9.73 g/t Au over 3.50 metres in FA-20-171
  • 1.81 g/t Au over 55.00