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TICKERS: WM

Metals Company Hits Wide Zones of Gold Mineralization in Quebec
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These results could improve the project's economics and indicate bulk mining is possible there, according to the company.

Wallbridge Mining Co. Ltd. (WM:TSX) hit wide zones of gold mineralization on drilling, which suggests bulk mining is possible in Area 51 of its Fenelon gold project in Quebec, the company announced in a news release.

These wide intersections of near-surface gold mineralization, encountered in Area 51's Andromeda corridor in particular could positively impact the overall economics of Fenelon, the company stated. They include assays from hole FA-19-080 that include 1.21 grams per ton (1.21 g/t) gold over 70.99 meters (70.99m) in the Enterprise zone, 5.72 g/t gold over 3.83m in the Milky Way zone and 11.21 g/t gold over 1.87m in the MIB zone.

Hole 19-0915-011 returned 1.01 g/t gold over 132m, including 20.05 g/t gold over 3.88m. Hole 19-0915-016 demonstrated 0.88 g/t gold over 167.31m, including 18.81 g/t gold over 0.67m in the Interstellar zone.

Exploration drilling in the Lower Tabasco zone returned highlights of 4.16 g/t gold over 35.55m, including 6.95 g/t gold over 7.5m and 6.72 g/t gold over 7.5m, in hole FA-19-099. This updated interval, the deepest intersection at Fenelon to date, "highlights the continuing strength of the gold system at 850m vertical depth, and we are looking forward to testing this zone down to 1,500m with this year's drill program," Vice President of Exploration Attila Péntek said in the release.

Drilling continues at Fenelon with six rigs completing about 9,000m per month. Wallbridge aims to drill a total of 100,000–120,000m at the project this year.

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