Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) ('Wallbridge' or the 'Company') is pleased to announce additional positive results from the Lower Tabasco Zone on its 100%-owned Fenelon Gold Property ('Fenelon' or the 'Property').
Hole FA-19-094 has returned assays of 32.18 g/t Au (21.56 g/t Au cut) over 9.70 metres, and the first two deep holes confirm continuation of the Lower Tabasco Zone to a vertical depth of 850 metres.
Hole FA-19-094, 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. The first two deep 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 the resource stage by early 2021.'
About the Fenelon Gold Property
The Fenelon Gold Property is located proximal to the Sunday Lake Deformation Zone, an emerging gold belt in northwestern Quebec. This major east-west structure in the northern Abitibi greenstone belt hosts the Detour Lake mine, and is very similar to other breaks controlling world-class gold camps in the southern Abitibi, yet it remains underexplored due to thick glacial cover. At Fenelon, secondary splays of the Sunday Lake Deformation Zone have controlled the emplacement of a significant gold system along and within the Jeremie Pluton. Historically, exploration has focused on high-grade shear zones hosted in the Main Gabbro, and this is where Wallbridge completed a bulk sample of 33,500 tonnes grading 18.49 g/t gold. In late 2018, exploration drilling discovered a new geologic setting with extensive veinand shear-hosted gold mineralization along and within the pluton, naming it Area 51. The 75,000 m 2019 drill program has proven the connectivity of Area 51 through the sediment-hosted Tabasco and Cayenne Zones to the Main Gabbro and has significantly expanded the footprint and depth extent of the Fenelon gold system. The ongoing, fully funded 100,000 to 120,000 metre 2020 drill program is aiming to further define the size potential of the deposit and complete in-fill drilling in support of a maiden 43-101 resource estimate.
About Wallbridge Mining
Wallbridge is establishing a pipeline of projects that will support sustainable 100,000 ounce-plus annual gold production as well as organic growth through exploration and scalability. The Company is currently developing its 100%-owned Fenelon Gold Property, which is located proximal to the Sunday Lake Deformation Zone, an emerging gold belt in northwestern Quebec with ongoing 100,000 to 120,000 m exploration drill program in 2020 and a 33,500-tonne bulk sample and 75,000 m drilling completed in 2019. Wallbridge is also pursuing additional advanced-stage projects which would add to the Company's near-term project pipeline. Wallbridge is also the operator of, and a 20% shareholder in, Loncan Canada Inc., a privately-held company with a large portfolio of nickel, copper, and PGM projects in Ontario's Sudbury Basin.
Contact:
Tel: 705-682-9297
WALLBRIDGE MINING COMPANY LIMITED 
