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
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
"These latest results confirm the presence of a high-grade core to the
Lower Tabasco Zone Highlights
FA-19-094: | 32.18 g/t Au (21.56 g/t Au cut) over 9.70 metres, including |
58.81 g/t Au (38.21 g/t Au cut) over 5.00 metres | |
This interval is an approximate 100 metre undercut to the intersection of 22.73 g/t Au (18.87 g/t Au cut) over 48.01 metres in hole FA-19-086 (see Figs.1, 2 and 4). | |
FA-19-092: | 4.99 g/t Au over 10.32 metres, including 10.92 g/t Au over 4.06 metres (see Figs. 2 and 5) |
Further assays around this intersection are pending and may increase the mineralized interval. | |
FA-19-099: | 5.06 g/t Au over 15.15 metres, including 17.96 g/t Au over 1.60 metres |
This interval is an approximate 230 metre undercut to the nearest intersection of the | |
FA-19-096: | 5.53 g/t Au over 11.17 metres, and |
16.79 g/t Au over 2.75 metres (see Figs.1 and 2) | |
Further assays around this intersection are pending and may increase the mineralized interval. | |
FA-19-103: | A 9-metre core length intersection of the |
FA-19-104: | A 26-metre core length intersection of the |
FA-19-106: | A 3-metre core length intersection of the |
"We are defining a very sizeable high-grade domain in the
Area 51 - Andromeda Corridor
While mainly targeting the
2019/2020 Drill Program
Five drill rigs are currently active on the Property: four are focusing on exploration drilling from surface, doing large-spaced step-outs to define the footprint of the Fenelon gold system, and one underground drill rig is doing more closely spaced definition drilling of the Main Gabbro zones near the existing mine workings. A total of 75,000 metres were drilled in 2019 and the program will be continuing in 2020 with the same drilling rate of approximately 9,000 metres per month for a total of 100,000 to 120,000 metres.
Assay results of
All figures and a table with drill hole information of recently completed holes can be found on the Company website.
Table 1. Wallbridge Fenelon Gold Property 2019 Drill Assay Highlights (1) | ||||||||||
Drill Hole | From | To | From | To | Length | True | Au | Au Cut(2) | VG(3) | Zone/Corridor |
(m) | (m) | (m) | (m) | (m) | (m) | (g/t) | (g/t) | |||
FA-19-090 | 659.00 | 669.88 | 10.88 | NA(4) | 1.73 | 1.73 | Lower Tabasco | |||
FA-19-090 | Including... | 663.23 | 665.80 | 2.57 | NA | 4.89 | 4.89 | Lower Tabasco | ||
FA-19-092 | 723.00 | 733.32 | 10.32 | NA | 4.99 | 4.99 | VG | Lower Tabasco | ||
FA-19-092 | Including... | 723.00 | 727.06 | 4.06 | NA | 10.92 | 10.92 | VG | Lower Tabasco | |
FA-19-094 | 717.45 | 727.15 | 9.70 | NA | 32.18 | 21.56 | VG | Lower Tabasco | ||
FA-19-094 | Including... | 719.10 | 724.10 | 5.00 | NA | 58.81 | 38.21 | VG | Lower Tabasco | |
FA-19-096 | 731.45 | 734.20 | 2.75 | NA | 16.79 | 16.79 | VG | Lower Tabasco | ||
FA-19-096 | 743.78 | 754.95 | 11.17 | NA | 5.53 | 5.53 | VG | Lower Tabasco | ||
FA-19-099 | 1009.00 | 1024.15 | 15.15 | NA | 5.06 | 5.06 | VG | Lower Tabasco | ||
FA-19-099 | Including... | 1009.00 | 1010.60 | 1.60 | NA | 17.96 | 17.96 | VG | Lower Tabasco |
(1) | Table includes only highlight assay results received since the latest press release. |
(2) | Au cut at 140 g/t following InnovExplo's 2016 Mineral Resource Estimate. |
(3) | Intervals containing visible gold ("VG"). |
(4) | Currently not enough information available to estimate true width. |
About the Fenelon Gold Property
The Fenelon Gold Property is located proximal to the
At Fenelon, secondary splays of the
In late 2018, exploration drilling discovered a new geologic setting with extensive vein- and 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.
Assay QA/QC and Qualified Persons
Drill core samples from the ongoing drill program at Fenelon are cut and bagged either on site or by contractors and transported to either
The Qualified Person responsible for the technical content of this press release is
About
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
This press release may contain forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to, among other things, the operations of Wallbridge and the environment in which it operates. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Wallbridge has relied on a number of assumptions and estimates in making such forward-looking statements, including, without limitation, the costs associated with the development and operation of its properties. Such assumptions and estimates are made in light of the trends and conditions that are considered to be relevant and reasonable based on information available and the circumstances existing at this time. A number of risk factors may cause actual results, level of activity, performance or outcomes of such exploration and/or mine development to be materially different from those expressed or implied by such forward-looking statements including, without limitation, whether such discoveries will result in commercially viable quantities of such mineralized materials, the possibility of changes to project parameters as plans continue to be refined, the ability to execute planned exploration and future drilling programs, the need for additional funding to continue exploration and development efforts, changes in general economic, market and business conditions, and those other risks set forth in Wallbridge's most recent annual information form under the heading "Risk Factors" and in its other public filings. Forward-looking statements are not guarantees of future performance and such information is inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the control of Wallbridge. Although Wallbridge has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all forward-looking statements in this press release are given as of the date hereof.
Wallbridge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. The forward-looking statements contained herein are expressly qualified by this disclaimer.
SOURCE
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