Wallbridge Mining is focused on advancing the exploration and development of its high-grade Fenelon Gold Project in northern Québec. Wallbridge acquired the Fenelon Gold Project from Balmoral Resources in 2016 for about C$3.5M in cash and has since demonstrated the project’s potential to host a multi-million-ounce gold deposit. The company thinks the Fenelon Gold system has the potential to be a Tier 1 Gold asset.  

Exploration at the Fenelon Gold system shows a multiple mineralised system with 4 mineralised zones identified to date. There is a 1.8km known strike length and Wallbridge has made new discoveries since 2019 of the Tabasco-Cayenne zones, Area 51 zones and the Ripley-Reaper zones to add to the previously identified Gabbro zones. There is strong potential to further expand the Fenelon Gold System and all zones remain open with the surrounding area virtually
unexplored. 

The company has completed 102,000m of drilling in 2020 and has a large exploration programme planned for 2021 with a 170,000m drill programme. This programme will cost C$75M and will be fully funded as the company has C$85M in cash. The company's first mineral resource estimate is expected by Q3/21.

Wallbridge is looking for fast-track exploration and development at Fenelon Gold to further expand the extended Fenelon system. They have the money ready for their drill programme and have seen success to date with previous exploration. Numbers from the 2021 exploration will go towards the Maiden Resource which will include an underground and open pit component. The company will also continue to expand the footprint with an underground development programme and aim to communicate their news and drill results regularly to the market throughout.

Wallbridge expanded its Fenelon Gold project with the acquisition of Balmoral Resources who were the previous owner of Fenelon. The company now controls a district-scale land position along the Detour-Fenelon Gold Trend and has a pipeline of exploration projects for long-term organic growth for Wallbridge to meet its objective of becoming a gold producer.

And in a frothy EV investment market, Wallbridge is also keen to develop their large portfolio of nickel-copper-PGM projects in Ontario's Sudbury Basin, mainly through their joint ventures. Exciting times for Wallbridge Mining it seems.

Company Page: https://wallbridgemining.com/

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