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Wallbridge Mining announces continued positive result

Mining News - Published on Thu, 11 Oct 2018

Image Source: SteelGuru
Wallbridge Mining Company Limited announced continued positive results from its underground drill program and to provide an update on the ongoing development as part of the 35,000-tonne bulk sample and underground exploration program at its 100%-owned Fenelon Gold Property (“Fenelon”).

Visible gold was observed to be present in 45 of 69 holes drilled to date.
Since the last press release (see Wallbridge Press Release dated October 02, 2018), highlights of received assay results are as follows:

18-0990-009: 242.00 g/t gold over 0.49 metres in the Paprika zone
18-0990-013: 24.30 g/t gold over 6.37 metres in the Habanero zone
18-0990-017: 98.90 g/t gold over 2.71 metres in the Habanero zone,
134.57 g/t gold over 1.70 metres and
11.23 g/t gold over 3.90 metres in the Paprika zone

Assay results from 30 underground drill holes are pending.
The third stope (CH-02) is being prepared and development on the 5180 Level is nearing the fourth stope (NV-02).

Over 10,000 tonnes of ore have been shipped to the Camflo mill and processing of the first batch was completed at the end of September. A final reconciliation of mill performance will be available in the next few weeks.

Attila Péntek, Vice-President, Exploration of Wallbridge, said that “The mineralization in the West extension area and the continuity of high-grade gold mineralization, particularly in the Habanero zone, is remarkable. We are looking forward to drifting into this area in the latter part of the bulk sample program.”

Mr Marz Kord, President & CEO of Wallbridge, said that “We have successfully advanced the Fenelon bulk sample development over the last few months and will continue to do so until the completion of the bulk sample. This has been coupled with exceptional exploration drilling results from underground within the vicinity of the same development. The final result of the bulk sample is expected to generate approximately 35,000 tonnes of ore grading in the range of 18 to 25 grams per tonne of gold. The first batch which has been processed included the material from our first stope and lower grade material left behind on surface and underground during the 2004 bulk sample conducted by previous operators. As part of our bulk sample plans, we included this lower grade material in our first batch while we optimize the milling processes. Our focus during this bulk sample testing is to determine the best mining method, the best mining practices, and the best processing approach to maximize recoveries. We look forward to the 4th quarter and beyond as we complete additional development and extract the remaining stopes while we build a modern, scalable mining operation for years to come.”

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Posted By : Rabi Wangkhem on Thu, 11 Oct 2018
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