Wallbridge Drills Significant, Wide Intersections of the Tabasco Zone at Depth and Continues to Successfully Delineate Gold Zones in Area 51
TORONTO, Oct. 9, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to provide significant new high-grade assays and visual results from the ongoing 70-80,000-metre 2019 drill program, which is continuing to follow up the Area 51 and Tabasco discoveries and outline a large gold system at its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property).
The new drilling further demonstrates the significance of the Tabasco zone below a vertical depth of 400 metres, where it becomes wider, better endowed and is entirely open along strike and to depth. Good continuities are being shown for several zones in the newly named Andromeda and Orion corridors of Area 51 within the Jeremie Pluton and Area 51-style gold-bearing mineralization has also been intersected 800 metres further along strike to the northwest.
"We are very excited about the two recent intersections of the Tabasco zone in holes FA-19-086 and FA-19-090 where visual results consistent with previously-reported assays confirm our modeling and understanding of this zone and reinforcing its importance as one of Fenelon's best-endowed gold zones," stated Marz Kord, President & CEO of Wallbridge Mining. "Drilling to date has also outlined at least three continuous zones in the Andromeda corridor of Area 51, which are also becoming more enriched and wider with depth. We have accelerated the sampling and assaying of some of these significant intervals and will be reporting these assay results as soon as available."
Tabasco Zone
FA-19-086:
A significant, approximately 48-metre core length intersection of the Tabasco zone with
abundant sulfide mineralization and visible gold (see Fig. 3 and 7 as well as Photos 1-4).
Assay results are pending.
FA-19-090:
A significant, approximately 20-metre core length intersection of the Tabasco zone with
sulfide mineralization and visible gold (see Fig. 3 and 8). Assay results are pending.
Area 51 – Andromeda Corridor
FA-19-062:
3.08 g/t gold over 5.81 metres, including 16.20 g/t gold over 0.80 metres. This intersection is the
up-dip extension of a zone within the Andromeda corridor which thickens further below once it
enters the Jeremie Pluton (3.28 g/t gold over 17.60 metres in FA-19-059, see Fig. 8).
FA-19-070:
2.67 g/t gold over 7.61 metres, including 6.00 g/t gold over 2.55 metres (which further includes
25.49 g/t gold over 0.45 metres). This intersection is the up-dip extension of a zone within the
Andromeda corridor which thickens further below once it enters the Jeremie Pluton (2.43 g/t gold
over 42.80 metres, including 5.00 g/t gold over 12.71 metres in FA-19-065, see Fig. 6).
FA-19-073:
A network of near surface gold-bearing veins within the Jeremie Pluton grading 1.04 g/t gold over
35.39 metres, which includes the following higher-grade sub-intervals: 3.26 g/t gold over 5.95
metres (including 41.19 g/t gold over 0.46 metres) and 17.75 g/t gold over 0.40 metres. Other
highlights include 4.10 g/t gold over 1.40 metres and 10.43 g/t gold over 0.37 metres (see Fig.
4).
FA-19-086:
Several mineralized zones, two containing visible gold, over an approximately 200 metre core
length in the Area 51, Andromeda corridor.
FA-19-090:
Several mineralized zones over an approximately 230 metre core length in the Area 51,
Andromeda corridor.
19-0915-011:
Several mineralized zones, one containing visible gold, over an approximately 350 metre core
length in the Area 51, Andromeda corridor (see Fig. 7 and 8). Assay results are pending.
19-0915-016:
Several mineralized zones, six containing visible gold, over an approximately 280 metre core length
in the Area 51, Andromeda corridor (see Fig. 7 and 8). Assay results are pending.
Area 51 – Contact Zone
FA-19-072:
15.98 g/t gold over 2.31 metres along the contact of the Jeremie pluton (see Fig. 5).
Area 51 – Orion Corridor
FA-19-060:
A network of gold-bearing veins within the Jeremie Pluton in a newly discovered mineralized
corridor over 97 metres core length with highlight intersections of 9.27 g/t gold over 1.58 metres
and 2.20 g/t gold over 5.40 metres (including 17.76 g/t gold over 0.50 metres) (see Fig. 1).
19-0970-006:
Several mineralized zones, two containing visible gold, over an approximately 70 metre core length
in the Area 51, Orion corridor (see Fig. 9). Assay results are pending.
Cayenne Zone
FA-19-072:
12.77 g/t gold over 1.31 metres (see Fig. 5).
Main Gabbro Zones
FA-19-072:
3.58 g/t gold over 4.94 metres (including 21.09 g/t gold over 0.65 metres)
14.53 g/t gold over 1.50 metres (including 33.66 g/t gold over 0.62 metres) (see Fig. 5).
Jeremie Pluton– Grassroots Target
FA-19-089:
One Area 51-style shear zone with visible gold and other related, possibly gold-bearing veins 800
metres further northwest within the Jeremie Pluton in a grassroots geological-geophysical target.
Assay results are pending.
Quelle: https://web.tmxmoney.com/...?newsid=4876184244823335&qm_symbol=WM
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