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Wallbridge Mining continues to expand footprint of new Area 51 gold discovery at Fenelon Gold property

Mining News - Published on Thu, 23 May 2019

Image Source: SteelGuru
Wallbridge Mining Company Limited announced that its exploration drill program has significantly increased the known extent of the newly-discovered Area 51 gold system at its 100%-owned Fenelon Gold property. Several new holes have intersected wide zones of mineralization with intervals containing visible gold. Drilling to date has indicated the presence of broad stockwork-style gold mineralization with focused high-grade veins and shear zones over a 700-metre strike length and close to 600-metre vertical extent.

In addition, resource drilling at the Fenelon Main Zone is continuing to extend high-grade shoots to depth with 26.37 g/t gold over 2.18 metres and several other visible gold-bearing intersections pending.

Exploration Drilling - Area 51 & Tabasco Mineralized Corridors Highlights:

Further in-fill sampling of FA-19-052 is underway within the Area 51 intersection. Currently available continuous assay results show that the mineralized intersection grades 1.46 g/t gold over 227.80 metres, which includes the sub-interval of 2.81 g/t gold over 98.91 metres released previously (see Wallbridge Press Release dated April 23, 2019). The grade and length of this interval may be revised once final assay results are received.

FA-19-053 extends known strike length of the Area 51 gold system by 250 metres to the northwest.

19-0925-007 confirms continuation of strong, broad gold mineralization 200 to 300 metres southeast of FA-19-052 and provides first near-surface (150 m vertical depth) intersection of the Area 51 gold system.

FA-19-059 provides a 30-40 metre eastward step-out and slight overcut to FA-19-052 with three occurrences of visible gold intersected within a broad, mineralized interval of approximately 225 metre core length in Area 51. Another significant zone with visible gold was intersected further down-hole at 590 m vertical depth, which is currently the deepest visible gold-bearing intersection on the Property.

Area 51 gold system now extends over a 700-metre strike length.

Attila Pentek, VP Exploration, said that "Our ongoing exploration program continues to significantly expand the known footprint of the Area 51 -Tabasco gold system. We now have indicated the presence of broad stockwork-style gold mineralization with focused high-grade veins and shear zones over a 700-metre strike length and close to 600-metre vertical extent. The 100-200 metre step-outs are aggressive for such gold deposits and aim to give us an early indication of the distribution of this mineralization style. As such, the results yielded by FA-18-038EXT and FA-18-040EXT are very positive in proving the continuity of this well-mineralized structural corridor and confirming our initial interpretation of this new geologic environment. We will continue with our approach of large step-outs along strike and down-dip to further define the size potential and also carry-out some of the tighter, 40 metre spaced drilling to better understand the controls on "sweet spots" such as those intersected in FA-19-052, FA-19-059, and 19-0925-007, and to start proving up a resource in the Area 51 corridor."

Source :

Posted By : Rabi Wangkhem on Thu, 23 May 2019
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