Wallbridge Expands the Lower Tabasco Zone and the Area 51 Zones to the Southwest
TORONTO, Nov. 14, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce additional drill results from the ongoing 70-80,000-metre 2019 drill program, which is continuing to follow up on the Area 51 and Tabasco discoveries and outline a large gold system at its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property").
"The last two weeks have provided us with an additional three wide intersections of strong gold mineralization at depth in the Tabasco zone, all being between 35 to 100 metre step-outs and undercuts to existing holes thereby significantly expanding the Tabasco Zone at depth. In holes FA-19-094 and -096 the Tabasco showed significant width and an abundance of visible gold with sulfides, further outlining the high-grade domain in what we now call the Lower Tabasco Zone", stated Marz Kord, President & CEO of Wallbridge Mining. "We are also just as encouraged by other intersections of mineralization in both the Tabasco and the Area 51 corridors which may not be as well-endowed as those in holes such as FA-19-086, -094, and -096 but show the continuity of the zones with potentially economic grades over significant widths."
Tabasco Zone Lower Tabasco Zone
As described in recent press releases, below 400 metre vertical depth the zone changes its dip, becomes more continuous and wider, thereby getting significantly more gold endowed. Most recently, drill hole FA-19-086 intersected 27.00 g/t Au over 38.39 metres at a vertical depth of 450 to 500 metres in this zone with further surrounding assays results still pending (see Wallbridge Press Release dated October 21, 2019).
Recent significant intersections in the Lower Tabasco Zone include: FA-19-094: A significant, 13-metre core length intersection of the Tabasco zone with sulfide mineralization and abundant visible gold (see Figs. 3 and 7 as well as Photos 1 and 2). Assay results are pending. This intersection is an approximate 100 metre undercut to the Tabasco zone intersection of 27.00 g/t Au over 38.39 metres in hole FA-19-086. FA-19-096: A significant, 30-metre core length intersection of the Tabasco zone with sulfide mineralization and abundant visible gold (see Figs. 3 and 6 as well as Photos 3 and 4). Assay results are pending. This intersection is an approximate 70 metre undercut to a 20-metre core length intersection of the Tabasco zone in hole FA-19-078. FA-19-098: A 13-metre core length intersection of the Tabasco zone with abundant sulfide mineralization. Assay results are pending (see Figs. 3 and 5). Upper Tabasco Zone Two intersections were also obtained at shallow (250-300 metre vertical) depth, where the Tabasco corridor is known to consist of narrow, vertical high-grade shear zones (see Figs. 3, 5 and 6).
FA-19-074: 13.88 g/t Au over 1.20 metres FA-19-077: 13.57 g/t Au over 1.60 metres "Our systematic, 75-metre spaced drilling approach has been extremely successful, with every drill hole extending the mineralized zones to depth and along strike. In today's release, holes FA-19-097 and FA-19-098 push the Andromeda zones further west-southwest into the Jeremie Pluton and FA-19-094, FA-19-096 and -098 expand all the zones at depth. The Fenelon gold system is growing fast and with visible gold-bearing veins and zones intersected in almost every drill hole, the quality of the mineralization continues to demonstrate the large size potential of this deposit," stated Attila Péntek, Vice President Exploration of Wallbridge. "Drill hole FA-19-078 adds robust, wide zones of gold mineralization now closer to surface, further demonstrating the potential for a bulk mining scenario in Area 51."
Area 51 – Andromeda Corridor FA-19-073: 2.50 g/t Au over 9.95 metres, including 27.03 g/t Au over 0.82 metres. This near surface intersection is in addition to other assay results reported from this drill hole in Wallbridge Press Release dated October 09, 2019 (see Fig. 4). FA-19-078: A broad envelope of vein network gold mineralization within and along the Jeremie Pluton grading 0.68 g/t gold over 272.62 metres (see Fig. 6), which includes: 1.54 g/t gold over 23.34 metres, including 23.81 g/t Au over 1.02 metres, 37.31 g/t Au over 0.75 metres, 1.09 g/t gold over 27.90 metres, 1.04 g/t gold over 58.50 metres, including 16.52 g/t Au over 0.77 metres, 5.12 g/t Au over 2.76 metres and 3.16 g/t Au over 3.47 metres FA-19-094: Several mineralized zones, two containing visible gold, over an approximately 350-metre core length in the Area 51, Andromeda corridor (see Fig. 7). Assay results are pending. FA-19-096: Several mineralized zones, three containing visible gold, over an approximately 380-metre core length in the Area 51, Andromeda corridor (see Fig. 6). Assay results are pending. FA-19-097: Several mineralized zones, three containing visible gold, over an approximately 500-metre core length in the Area 51, Andromeda corridor. This drill hole extends these Andromeda zones by approximately 80 metres to the West (see Fig. 1). Assay results are pending. FA-19-098: A new zone, with four occurrences of visible gold, was intersected near surface, between 80 to 140 metre depth, and this discovery extends the mineralized footprint of Area 51 by 80 metres further to the southwest into the Jeremie Pluton. One visible gold bearing zone was intersected at around 250 metre depth and several mineralized zones, two containing visible gold, where intersected further downhole over a 220-metre core length (see Figs. 1 and 5). Assay results are pending. Of the five drill rigs currently active on the Property, three are focusing on exploration drilling from surface, doing large-spaced step-outs to define the footprint of the Fenelon gold system, and two underground drill rigs are doing more closely spaced drilling of the Main Gabbro zones, Tabasco and Area 51 near the existing mine workings. A total of 63,000 metres have been drilled to date in 2019 and the drill program is on track to complete 70-80,000 metres by the end of the year.
Assay results for five surface holes and five underground holes (for a total of over 3,800 metres) of the 2019 exploration drill program are reported in Table 1 and the Figures. Assays, including further results of hole FA-19-077 and -078, are pending for 32 surface drill holes and 64 underground holes, for a total of approximately 34,000 metres.
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