Schlichtweg zuviel um alle Highlights fett hervorzuheben :-)
Wallbridge Reports Strong Intercepts from the Area 51 Gold System at Fenelon
TORONTO, May 20, 2020 /CNW/ - Wallbridge Mining Company Limited (TSX:WM) ("Wallbridge" or the "Company") is pleased to announce that it continues to outline strong gold mineralization over a 600 by 500 metre area within the Area 51 vein network, which occurs in the hangingwall to the Tabasco-Cayenne shear system on its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property") (see Fig. 1).
The results announced today continue to show the grade characteristics typical of the Jérémie Pluton-hosted Area 51 veins, allowing the future evaluation of various potential mining scenarios:
1. Potentially open pit bulk mineable intercepts in the 1-2 g/t range, including 1.70 g/t Au over 58.50 metres in FA-20-116, 1.01 g/t Au over 82.40 metres in FA-20-113 and 2.06 g/t Au over 38.50 metres in FA-20-115;
2. Potentially underground bulk mineable intervals in the 2-10 g/t range, including 5.77 g/t Au over 14.85 metres in FA-20-116, 9.28 g/t Au over 6.50 metres in FA-20-115, and 7.18 g/t Au over 6.00 metres in 19-915-020;
3. Potentially underground mineable intervals in the > 10 g/t range, including 19.55 g/t Au over 4.10 metres in FA-20-107, 307.74 g/t Au over 0.50 metre in FA-20-118, 121.00 g/t Au over 0.60 metre in FA-20-128 and 78.21 g/t Au over 0.70 metre in 19-0915-025;
"We continue to expand the Area 51 gold system, both east (now on section 10425) and West (now on section 9825) with strong intersection both near surface and also at depth in close proximity to the Tabasco zones. Geophysical information and initial drill results by Balmoral indicate that Area 51 mineralization may extend far into the surrounding Balmoral ground and we are looking forward to discovering the extensions of this gold system on the soon-to-be consolidated land package with drilling planned to start up there this summer," stated Attila Péntek, Vice President, Exploration of Wallbridge. "The geologic interpretation and 3D modeling carried out by our geology team, working remotely during this temporary suspension due to COVID-19, has provided us with a much-improved understanding of the controls on gold mineralization in the Fenelon gold system. This will enable us to better target these zones and evaluate potential mining scenarios."
Highlights
Andromeda Corridor
19-0915-020: 3.17 g/t Au over 9.00 metres and 7.18 g/t Au over 6.00 metres (see Fig. 8);
19-0915-024: 2.18 g/t Au over 19.50 metres, including 3.56 g/t Au over 7.50 metres (see Fig. 9);
19-0915-025: 78.21 g/t Au over 0.70 metre (see Fig. 8);
19-0915-026: 3.11 g/t Au over 10.15 metres, including 23.26 g/t Au over 0.85 metres (see Fig. 7);
FA-20-108: 1.38 g/t Au over 29.25 metres, including 4.30 g/t Au over 4.50 metres (see Fig. 8);
Enterprise & Interstellar Corridors
FA-19-097: 1.52 g/t Au over 42.12 metres, including 2.39 g/t Au over 16.12 metres (see Fig. 2);
FA-20-115: 2.06 g/t Au over 38.50 metres, including 9.28 g/t Au over 6.50 metres (see Fig. 7);
FA-20-116: 1.70 g/t Au over 58.50 metres (together with Andromeda Zone 4) (see Fig. 9), including
5.77 g/t Au over 14.85 metres, which further includes 17.82 g/t Au over 4.50 metres;
FA-20-118: 307.74 g/t Au over 0.50 metre (see Fig. 3);
Laika Corridor
FA-20-107: 19.55 g/t Au over 4.10 metres (see Fig. 10);
FA-20-129: 1.18 g/t Au over 28.55 metres (see Fig. 7);
MIB & Milky Way Corridors
FA-19-097: 1.18 g/t Au over 37.98 metres, including 35.39 g/t Au over 0.70 metre (see Fig. 2);
FA-20-109: 1.53 g/t Au over 40.90 metres, including 13.38 g/t Au over 2.25 metre (see Fig. 3);
FA-20-113: 1.01 g/t Au over 82.40 metres, including 7.02 g/t Au over 2.40 metres (see Fig. 4)
FA-20-134: 1.07 g/t Au over 36.90 metres, including 7.07 g/t Au over 2.10 metres (see Fig. 4);
Orion Corridor
FA-20-106: 2.22 g/t Au over 14.75 metres (see Fig. 4);
FA-20-107: 1.14 g/t Au over 22.05 metres (see Fig. 10);
FA-20-128: 1.71 g/t Au over 21.00 metres and 121.00 g/t Au over 0.60 metre (see Fig. 4);
Titan Corridor
FA-20-110: 4.57 g/t Au over 5.40 metres and 2.44 g/t Au over 13.50 metres (see Fig. 5);
FA-20-137: 1.18 g/t Au over 24.00 metres, including 9.55 g/t Au over 1.50 metres (see Fig. 5);
19-970-007: 3.08 g/t Au over 9.40 metres, including 5.17 g/t Au over 4.70 metres (see Fig. 10);
Area 51 Geologic Modelling
The Area 51 mineralization has now been modelled in detail based on available assay results and other geologic observations collected (structural orientation of veins, vein density data, alteration mapping, shear intensity), establishing 27 zones modelled and grouped into eight mineralized corridors. These new models will enable Wallbridge to better target these zones and evaluate potential mining scenarios. Geophysical information and initial drill results by Balmoral indicate that the Area 51 mineralization may extend far into the Balmoral land package and will represent one of the high priority targets for the 2020 drill program.
https://web.tmxmoney.com/...?newsid=7243055512569905&qm_symbol=WM
|
Thread abonnieren
