Wallbridge Mining Company Ltd. is pleased to announce that it plans to increase the number of drills to six from four at its 100% owned Fenelon Gold Property . A fifth drill arrived on site yesterday and a sixth drill will be mobilized in the coming weeks. The additional drills will enable Wallbridge to accelerate and increase its 2019 exploration program in the Main Gabbro and Area 51 zones. Over 35,000 total metres [...]
Wallbridge Mining Company Ltd. is pleased to announce that its exploration drilling program continues to show excellent along strike and down-dip continuity of numerous gold zones over hundreds of metres in Area 51 at its 100%-owned Fenelon Gold Property . In addition, drilling on the Tabasco Zone located between the mine workings and the Area 51 discovery is demonstrating excellent continuity of this zone. The [...]
Wallbridge Mining Company Ltd. is pleased to announce that it has closed the second and final tranche of its previously-announced non-brokered private placement , see news release dated August 1, 2019, through the issuance of 1,060,000 common shares in the Company on a flow-through basis to Quebec resident investors at a price of $0.50 per Super FT Share and 100,000 common shares in the capital of the Company on a [...]
Wallbridge Mining Company Ltd. is pleased to announce that it has closed the first tranche of a non-brokered private placement through the issuance of 2,590,000 common shares in the Company on a flow-through basis to Quebec resident investors at a price of $0.50 per Super FT Share; 6,027,717 common shares in the capital of the Company on a flow-through basis at a price of $0.46 per National FT Share; and 13,261,170 units [...]
Wallbridge Mining Company Ltd. is pleased to announce that its exploration drilling program has intersected high-grade gold mineralization within the Main Gabbro at approximately 600 metre vertical depth at its 100%-owned Fenelon Gold Property . Furthermore, exploration drilling to the southwest continues to encounter strong mineralization within the Tabasco and Area 51 corridors over a 900 metre proven strike length [...]
Wallbridge Mining Company Ltd. is pleased to announce that its surface and underground exploration drilling continues to intersect significant high-grade, visible gold-bearing zones within broad mineralized intervals at its 100%-owned Fenelon Gold Property . The results released here significantly advance the 2019 exploration goal of expanding the known footprint and demonstrating the large size potential of the Fenelon [...]
Wallbridge Mining Company Ltd. today announced continued high-grade gold assays from the ongoing resource drill program at its 100%-owned Fenelon Gold property . Drilling in Fenelon's Main Gabbro area continues to successfully follow high-grade shoots, particularly in the Naga Viper and Cayenne zones in proximity and below the existing underground workings. Since the last press release , 7,500 metres of resource drilling [...]
Wallbridge Mining Company Ltd. continues to deliver on its 2019 exploration strategy at its 100%-owned Fenelon Gold property and provides the following update on its drilling and exploration strategy. Wallbridge currently has four drill rigs operating on the Property with over 22,000 total metres drilled so far in 2019 and the program is on track to complete 50,000-70,000 metres as planned by the end of the year. At [...]
Wallbridge Mining Company Ltd. is pleased to announce that its exploration drill program has significantly increased the known extent of the newly-discovered Area 51 gold system at its 100%-owned Fenelon Gold property . Several new holes have intersected wide zones of mineralization with intervals containing visible gold. Drilling to date has indicated the presence of broad stockwork-style gold mineralization with [...]
Wallbridge Mining Company Ltd. , is pleased to announce the closing of the previously-announced non-brokered private placement financing of 29,166,667 common shares at a price of $0.24 per Common Share for gross proceeds of $7,000,000 to Eric Sprott , through 2176423 Ontario Ltd., a company beneficially owned by Sprott. The closing of the Offering was conditional on Sprott exercising 1,666,667 Common Share purchase [...]
Wallbridge Mining Company Ltd. is pleased to announce final results from the bulk sample at its 100%-owned Fenelon Gold Property . Highlights: The bulk sample established the Fenelon Gold could be mined at good grades using the relatively low cost bulk mining methods Stope grades ranged from 10.94 to 38.33 g/t gold 33,233 tonnes of ore with a reconciled average grade of 18.49 g/t gold containing 19,755 ounces of gold [...]
Wallbridge Mining Company Ltd. held its Annual and Special Meeting of Shareholders on May 8, 2019. A total of 254,159,353 shares or 61% of the outstanding shares of the Company were represented at the Meeting by proxy or in person. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information circular dated March 21, 2019 , were approved by the requisite [...]
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