Extensive land package offers long-term organic growth potential Fast-tracking Exploration & Development at Fenelon Gold
Gold is associated with disseminated pyrrhotite, chalcopyrite and pyrite, and minor sphalerite, arsenopyrite and marcasite.
Company’s Board of Directors has approved a 2021 program of approximately 170,000 metres of drilling
Wallbridge now holds several kilometres surrounding its rapidly expanding Fenelon discovery providing room for growth, as well as future mine development flexibility. Wallbridge's land holdings in Québec along the Detour-Fenelon Gold Trend is over 900.0 km2, improving Wallbridge's potential for further discoveries for over 90-kilometre strike length in this under-explored belt.
The Company ensures that all employees are trained and instructed in their assigned tasks and that safety procedures are followed at all times. The importance of ethical behavior and preservation of the natural environment is stressed to all employees and contractors. Everyone is charged with monitoring operations to ensure work is carried out in a responsible manner.
Wallbridge is currently advancing the exploration and development of its 100%-owned Fenelon Gold property, which is located along the Detour-Fenelon Gold Trend, an emerging gold belt in northwestern Québec. The Company completed approximately 102,000 metres of drilling in 2020 and has begun a fully-funded 170,000-metre drill program and 10,000-metre, two-year underground development program in 2021. The Company intends to complete a maiden resource on the Fenelon Gold system in the third quarter of 2021.
Get a glimpse of the Fenelon Gold Camp Site and Open Pit from a birds eye view in this flyover video. Visit the Camp Site, Water Treatment area, Open Pit, and Portal to the underground development at Fenelon. Currently, the main focus is to complete the drilling and underground development necessary to advance the Fenelon Gold Property (“Fenelon” or the “Property”) to a maiden resource estimate by the third quarter of 2021 as well as expanding the gold mineralization to greater depths.
In the image you can see the Fenelon Site, our Core Shack and the open pit in the background.
We have been treating our water since 2018 and have discharged with zero environmental exceedance.
Three domains of gold mineralization are present on the property: The Main Gabbro zones, and the newly discovered Tabasco and Cayenne, as well as Area 51 zones. Gold is associated with disseminated pyrrhotite, chalcopyrite and pyrite, and minor sphalerite, arsenopyrite and marcasite. Native visible gold is fairly common in all zones.
Our Vice President of Exploration, Attila Pentek discussing the drilling program at our Fenelon from the on site Core Shack. The program involves spending of approximately $79 million for 2021, which includes approximately $75 million on exploration and underground exploration development. The Company is fully-funded to carry out the planned program.
5.07 g/t Au (4.20 g/t Au Cut) over 100.6 metres, including 6.32 g/t Au over 35.10 metres
1.71 g/t Au over 21.00 metres and 121.00 g/t Au over 0.60 metre
The gold mineralized zones defined to date are structurally controlled and affected by ductile deformation. The mineralization shares many similarities with orogenic gold deposits in terms of metal associations, wall-rock alteration assemblages and structural controls.
The gold mineralized zones defined to date are structurally controlled and affected by ductile deformation. The mineralization shares many similarities with orogenic gold deposits in terms of metal associations wall-rock alteration assemblages and structural controls.
Wallbridge Mining Company Limited is an equal opportunity employer.
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