Wallbridge Mining (TSX:WM) Reports New Assay Results That Expand Gold Zones at Martiniere Gold Property

Wallbridge Mining (TSX:WM) has announced new assay results from its Martiniere Gold Property. The results validate resource growth at the property, located 30 kilometres and within trucking distance of the company’s Fenelon Gold Project. Fenelon is located on the Detour-Fenelon Gold trend in Northern Abitibi, Quebec.

Figure 1. Detour Fenelon Gold Trend

Source: Wallbridge Mining

Attila Péntek, Wallbridge’s Vice President of exploration, commented in a press release: “Our 2021-2022 exploration program at Martiniere has provided essential geologic information on the orientation of the gold zones and their host rocks and has demonstrated resource expansion potential in multiple directions. We see excellent opportunities to add to the existing resource, including at shallow depths, as in hole MR-22-029, and the deposit remains largely untested below 400 metres from the surface. We will use the remainder of the year to incorporate this new data, along with pending assays from three more exploration holes, into our geology models, in preparation for an updated Mineral Resource Estimate and planning for our 2023 exploration program at the property.”

The results included 12.27 g/t Au over 5.60 metres in holes MR-22-026, extending the Martiniere West zone along strike by over 400 metres to the southwest; 4.75 g/t Au over 5.50 metres in hole MR-22-020, extending the Martiniere West zone down-plunge by over 300 metres; and 2.50 g/t Au over 17.35 metres, near-surface in hole MR-22-029 in the area between the Martiniere West and Central zones.

The property contains 544,000 ounces of indicated gold resources along with 256,000 ounces of inferred gold resources. Martiniere holds all of this within a large mineralized footprint spanning four square kilometres. A lot of potential remains for the deposit as drilling has only been done to a depth of 400 metres, with mineralized shoots remaining open down-plunge.

Highlights from the drill results are as follows: 

Martiniere West Zone

MR-22-026
12.27 g/t Au over 5.60 metres, including

 
42.55 g/t Au over 1.50 metres;

 
 

MR-22-020
4.75 g/t Au over 5.50 metres, including

 
8.70 g/t Au over 3.00 metres;

 
 

MR-22-013
10.46 g/t Au over 1.80 metres;

 
 

Martiniere Central Zone

MR-22-029
2.50 g/t Au over 17.35 metres, including

 
8.34 g/t Au over 3.80 metres;

 
 

MDE-21-338
0.80 g/t Au over 21.50 metres, including

 
7.48 g/t Au over 1.10 metres;

 
These intersections are in addition to an interval of 46.75 g/t Au over 2.40 metres announced previously in the Wallbridge press release dated February 2, 2022.

 
 

MR-22-033
20.48 g/t Au over 1.50 metres;

 
 

MR-22-035
0.92 g/t Au over 25.50 metres, including

 
4.95 g/t Au over 3.00 metres; 

 
1.12 g/t Au over 13.50 metres;

 
1.65 g/t Au over 13.25 metres;

 
 

MR-22-012
2.64 g/t Au over 9.05 metres, including

 
9.68 g/t Au over 1.70 metres;

 
 

Bug Lake North

MR-22-027
1.19 g/t Au over 15.70 metres;

 
 

MR-22-034
15.74 g/t Au over 1.50 metres;

 
 

MDE-21-339
5.47 g/t Au over 3.00 metres;

Assay results from 40 drill holes of the 2021-2022 Martiniere drill program are reported in the Table and Figures below. Further assays results are pending for three drill holes of the 2022 program. All figures and a table with drill hole information of recently completed holes are posted on the Company’s website under “Current Program”.

Figure 2. Martiniere Gold, Plan View

Source: Wallbridge Mining

Figure 3. Martiniere Gold, Martiniere West Trend Long Section

Source: Wallbridge Mining

 

Table 1. Regional Gold Property, Recent Drill Assay Highlights (1)

Drill Hole
From
To
Length
Au
Au Cut(2)
VG(3)
Zone/Corridor

 
(m)
(m)
(m)
(g/t)
(g/t)
 
 

MDE-21-332
267.50
276.00
8.50
0.68
0.68
 
Bug Lake North

MDE-21-332
457.00
464.15
7.15
1.89
1.89
 
Bug Lake North

Including…
458.00
459.00
1.00
7.80
7.80
 
Bug Lake North

MDW-21-335
89.50
91.00
1.50
3.66
3.66
 
Martiniere Central

MDE-21-338
182.00
203.50
21.50
0.80
0.80
 
Martiniere Central

Including…
182.00
183.10
1.10
7.48
7.48
 
Martiniere Central

MDE-21-338
572.00
583.00
11.00
0.54
0.54
 
Martiniere Central

MDE-21-338
863.70
864.55
0.85
7.80
7.80
 
Martiniere Central

MDE-21-339
389.00
392.00
3.00
5.47
5.47
 
Bug Lake North

Including…
390.00
391.00
1.00
14.54
14.54
 
Bug Lake North

MR-22-001
No Significant Mineralization (4)

MR-22-002
No Significant Mineralization (4)

MR-22-003
227.50
229.00
1.50
3.67
3.67
 
Martiniere West

MR-22-003
260.00
271.00
11.00
1.27
1.27
 
Martiniere West

Including…
260.00
264.30
4.30
2.65
2.65
 
Martiniere West

MR-22-003
375.70
388.00
12.30
1.02
1.02
 
Martiniere West

Including…
380.55
385.65
5.10
1.81
1.81
 
Martiniere West

MR-22-003
420.40
426.50
6.10
1.49
1.49
 
Martiniere West

Including…
421.00
423.65
2.65
2.92
2.92
 
Martiniere West

MR-22-004
43.50
44.70
1.20
4.32
4.32
 
Martiniere West- Extension

MR-22-005
158.85
177.70
18.85
0.63
0.63
 
Martiniere West- Extension

Including…
172.80
177.70
4.90
1.09
1.09
 
Martiniere West- Extension

MR-22-006
403.80
404.80
1.00
13.59
13.59
 
Martiniere West

MR-22-006
452.30
454.50
2.20
4.55
4.55
VG
Martiniere West

Including…
453.00
453.50
0.50
15.24
15.24
VG
Martiniere West

MR-22-006
530.00
541.15
11.15
0.72
0.72
 
Martiniere West

MR-22-007
No Significant Mineralization (4)

MR-22-008
575.40
576.30
0.90
5.64
5.64
 
Martiniere West

MR-22-009
213.00
229.00
16.00
0.79
0.79
 
Martiniere West

Including…
226.00
229.00
3.00
2.74
2.74
 
Martiniere West

MR-22-010
203.60
215.75
12.15
0.45
0.45
 
Bermuda

MR-22-011
475.00
476.00
1.00
12.10
12.10
 
Martiniere West- Extension

MR-22-012
427.70
436.75
9.05
2.64
2.64
VG
Martiniere Central

Including…
432.90
434.60
1.70
9.68
9.68
VG
Martiniere Central

MR-22-013
178.50
180.30
1.80
10.46
10.46
 
Martiniere West- Extension

MR-22-014
224.80
229.15
4.35
3.04
3.04
 
Martiniere West

Including…
227.50
229.15
1.65
7.24
7.24
 
Martiniere West

MR-22-015
112.25
119.75
7.50
1.52
1.52
 
Martiniere West- Extension

MR-22-015
295.00
307.00
12.00
0.50
0.50
 
Martiniere West- Extension

MR-22-016
35.00
60.25
25.25
0.60
0.60
 
Bermuda

MR-22-017
464.00
467.00
3.00
1.72
1.72
 
Martiniere West- Extension

MR-22-018
403.90
407.00
3.10
3.67
3.67
 
Martiniere West- Extension

Including…
406.00
407.00
1.00
10.39
10.39
 
Martiniere West- Extension

MR-22-019
No Significant Mineralization (4)

MR-22-020
207.50
218.50
11.00
0.74
0.74
 
Martiniere West

MR-22-020
413.85
415.15
1.30
6.03
6.03
 
Martiniere West

MR-22-020
538.50
544.00
5.50
4.75
4.75
 
Martiniere West

Including…
541.00
544.00
3.00
8.70
8.70
 
Martiniere West

MR-22-021
233.50
247.00
13.50
0.85
0.85
 
Martiniere Central

Including…
233.50
238.00
4.50
1.20
1.20
 
Martiniere Central

MR-22-021
513.90
515.30
1.40
7.62
7.62
 
Martiniere Central

MR-22-021
529.50
532.70
3.20
2.75
2.75
 
Martiniere Central

MR-22-022
156.15
157.20
1.05
6.70
6.70
 
Martiniere Central

MR-22-023A
No Significant Mineralization (4)

MR-22-024
458.15
462.00
3.85
1.67
1.67
 
Martiniere Central

MR-22-025
250.00
256.00
6.00
1.73
1.73
 
Martiniere Central

Including…
253.00
254.00
1.00
7.58
7.58
 
Martiniere Central

MR-22-025
274.00
283.00
9.00
1.62
1.62
 
Martiniere Central

Including…
274.00
275.05
1.05
9.55
9.55
 
Martiniere Central

MR-22-025
392.05
392.70
0.65
22.60
22.60
 
Martiniere Central

MR-22-026
357.90
363.50
5.60
12.27
10.25
 
Martiniere West- Extension

Including…
360.50
362.00
1.50
42.55
35.00
 
Martiniere West- Extension

MR-22-027
473.00
478.90
5.90
1.77
1.77
 
Bug Lake North

MR-22-027
504.50
520.20
15.70
1.19
1.19
 
Bug Lake North

Including…
519.00
520.20
1.20
8.92
8.92
 
Bug Lake North

MR-22-028
No Significant Mineralization (4)

MR-22-029
62.65
80.00
17.35
2.50
2.50
 
Martiniere Central

Including…
68.50
72.30
3.80
8.34
8.34
 
Martiniere Central

MR-22-030
428.50
430.00
1.50
9.00
9.00
 
Bug Lake South

MR-22-031
No Significant Mineralization (4)

MR-22-032
No Significant Mineralization (4)

MR-22-033
173.50
176.50
3.00
1.72
1.72
 
Martiniere Central

MR-22-033
464.50
466.00
1.50
20.48
20.48
 
Martiniere Central

MR-22-034
124.50
126.00
1.50
15.74
15.74
 
Bug Lake North

MR-22-034
199.00
200.00
1.00
5.60
5.60
 
Bug Lake North

MR-22-035
151.00
176.50
25.50
0.92
0.92
 
Martiniere Central

Including…
173.50
176.50
3.00
4.95
4.95
 
Martiniere Central

MR-22-035
209.50
223.00
13.50
1.12
1.12
 
Martiniere Central

Including…
221.00
223.00
2.00
3.97
3.97
 
Martiniere Central

MR-22-035
294.75
308.00
13.25
1.65
1.65
 
Martiniere Central

Including…
294.75
296.00
1.25
6.46
6.46
 
Martiniere Central

MR-22-037
No Significant Mineralization (4)

(1) Table includes only assay results received since the latest press release dated February 02, 2022.

(2) Au cut at: 0.35 g/t Au.

(3) Intervals containing visible gold (“VG”).

(4) Metal factor of at least 5 g/t*m and minimum weighted average composite grade of 0.40 g/t Au within the 2021 MRE open pit shell and 2.4 g/t Au for outside open pit shell.

Note: True widths are estimated to be 50-80% of the reported core length intervals.

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post Wallbridge Mining (TSX:WM) Reports New Assay Results That Expand Gold Zones at Martiniere Gold Property appeared first on MiningFeeds.

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