In preparation for its initial resource estimate due by the end of the third quarter, Wallbridge Mining (TSX: WM) is nearing completion of the definition drilling program at the Fenelon gold property 75 km northwest of Matagami, in Quebec.
Work has been done on multiple areas within a 1-km by 1.2-km area in the central part of the Fenelon gold system. The company has drilled about 260,000 metres within the last three years.
Highlights from the Tabasco-Cayenne-Contact zone included 3.75 grams gold per tonne over 27 metres, including 5.73 grams gold per tonne over 16 metres in drillhole FA-21-268A; 4.95 grams gold per tonne over 11.7 metres, including 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, including 51.1 grams gold per tonne over 0.60 metres in FA-21-260.
Assays from Area 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 2.23 grams gold per tonne over 10.8 metres in FA-21-224 below 300 metres.
Wallbridge executives are awaiting the initial resource estimate, saying it will provide a snapshot of the true potential of the Fenelon system, which remains open.
The company has a land package stretching almost 90 km east from the Quebec border and covering more than 900 sq. km of the Detour-Fenelon gold trend. The package includes the Martinere gold and the Grasset nickel sulphide projects, both of which are in the advanced exploration stage.