Wallbridge Announces Appointment of Tony Makuch to Board of Directors
TORONTO, Dec. 9, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") today announced that Tony Makuch, CEO of Kirkland Lake Gold Ltd. ("Kirkland Lake"), has joined the Company's Board of Directors following Kirkland Lake becoming a 9.9% shareholder of Wallbridge pursuant to its private placement financing (the "Offering"), which closed on November 29, 2019.
Mr. Makuch is a professional engineer (Ontario) with over 35 years of management, operations and technical experience in the mining industry, having managed numerous projects in Canada and the United States from advanced exploration through production. Most recently prior to joining Kirkland Lake, Mr. Makuch was President and CEO at Lake Shore Gold Inc., from 2008 until its acquisition by Tahoe Resources in 2016.
"We are excited to have Kirkland Lake as a strategic shareholder and we welcome Tony Makuch to the team as a member of the Board of Directors," stated Wallbridge Chair Alar Soever. "Tony's extensive experience in operations, resource development, capital markets and M&A will be very beneficial to all shareholders as we advance Fenelon toward production."
In connection with the Offering, the Company entered into an agreement with Kirkland Lake on December 6, 2019 granting Kirkland certain anti-dilution rights and the right to nominate one director to the Board of Directors of the Company.
Ja ok, 6 USD würde ich nehmen. Es scheint, als würden Titel, in die Kirkland und Sprott investiert sind, automatisch gut laufen. Novo Res. läuft auch bestens, nur Bonterra hinkt noch hinterher. Bei Minera Alamos und Calibre ist Sprott nicht dabei, fast verwunderlich. Im Moment kann man ganz zufrieden sein, wenn man EM-Minen hat.
wo Kirkland und der quebec Pensionsfonds in Wallbridge eingestiegen sind, wurde der Anteil von Eric Sprott entsprechend verwässert. Das lässt Herr Sprott gemäß heutiger Meldung nicht auf sich sitzen und kaufte über ein PP weitere Aktien zu 0,95 CAD und 1,05 CAD (!!!). :-)
in Canada jetzt bei 96 Cent pro Share. Wenn das so weitergeht, knacken wir die 1 vor dem Komma noch in diesem Jahr. Wenn schon ein Sprott bei 0,95 Cent und bei 1,05 kauft, bin ich gespannt, wo er den zukünftigen Kurs sieht / einordnet !!
Denke unter 60 Cent in good old Gemany sind ebenfalls Geschichte, auch hier werden bald die 70Cent geknackt werden, was für eine Entwicklung, SENSATIONELL !!
vergrößert: Wallbridge Continues to Grow the High-Grade Domain of the Lower Tabasco Zone at Fenelon
TORONTO, Jan. 6, 2020 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that hole FA-19-094 has returned assays of 32.18 g/t Au (21.56 g/t Au cut) over 9.70 metres from the Lower Tabasco Zone on its 100%-owned Fenelon Gold Property ("Fenelon" or the "Property").
This hole, together with previously reported intersections of 22.74 g/t Au (18.87 g/t Au cut) over 48.01 metres (in hole FA-19-086 located 100 metres up-dip), 20.89 g/t Au (20.89 g/t Au cut) over 8.54 metres (in hole FA-19-52 located 110 metres up-dip to the southeast) as well as visually strong mineralization with assays pending in FA-19-103, have defined a high-grade core of the lower Tabasco Zone (see Fig. 2).
In addition, the first two deep holes on the Lower Tabasco Zone both intersected the zone, confirming the continuation of the Lower Tabasco Zone to a vertical depth of 850 metres. The two holes are 240 metres apart along strike, and over 200 metres below intersections in holes -092 and -096. Hole FA-19-099, the visual description of which was reported in Wallbridge Press Release dated December 03, 2019, returned 5.06 g/t Au over 15.15 metres. Hole FA-19-104 returned a 26-metre core length intersection with visible gold and sulfide mineralization; assays are pending.
"These latest results confirm the presence of a high-grade core to the Lower Tabasco Zone, which is currently defined by three holes 80 to 100 metres apart, all with grades of greater than 20 grams per tonne gold", stated Marz Kord, President & CEO of Wallbridge. "In addition, our first two deep holes have greatly expanded the known limits of the Lower Tabasco Zone. A major focus of our fully funded 2020 drill program of 100,000 to 120,000 metres, will be to complete the infill drilling necessary to bring the Lower Tabasco Zone to resource stage by early 2021."