In preparation for its preliminary useful resource estimate due by the top of the third quarter, Wallbridge Mining (TSX: WM) is nearing completion of the definition drilling program on the Fenelon gold property 75 km northwest of Matagami, in Quebec.
Work has been achieved on a number of areas inside a 1-km by 1.2-km space within the central a part of the Fenelon gold system. The corporate has drilled about 260,000 metres throughout the final three years.
Highlights from the Tabasco-Cayenne-Contact zone included 3.75 grams gold per tonne over 27 metres, together with 5.73 grams gold per tonne over 16 metres in drillhole FA-21-268A; 4.95 grams gold per tonne over 11.7 metres, together with 9.22 grams gold per tonne over 5.7 metres, and 17.6 grams gold per tonne over 2.40 metres in drillhole FA-21-264A; and 6.79 grams gold per tonne over 5.5 metres, together with 51.1 grams gold per tonne over 0.60 metres in FA-21-260.
Assays from Space 51 returned 1.93 grams gold per tonne over 13.5 metres and 92.38 grams gold per tonne over 0.5 metres in FA-21-2644 above 300 metres; and a couple of.23 grams gold per tonne over 10.8 metres in FA-21-224 beneath 300 metres.
Wallbridge executives are awaiting the preliminary useful resource estimate, saying it would present a snapshot of the true potential of the Fenelon system, which stays open.
The corporate has a land package deal stretching nearly 90 km east from the Quebec border and masking greater than 900 sq. km of the Detour-Fenelon gold development. The package deal contains the Martinere gold and the Grasset nickel sulphide tasks, each of that are within the superior exploration stage.