Outlines Large Area Of Gold In Tabasco-Cayenne Zones
Wallbridge Mining Company Limited (TSX:WM) has continued to establish the high-grade core of the Tabasco-Cayenne shear system with good gold grades over widths consistently measured in the tens of metres in its ongoing 100,000m 2020 drilling programme on its 100%-owned Fenelon Gold Property in Quebec.
The high-grade core forms a central portion of the larger shear corridor which has so far been drilled over a strike length of 800m and a vertical depth of 1,000m.
Attila Péntek, Vice President Exploration of Wallbridge, said the results from drill hole FA-20-181 fill in a large drilling gap in the core of the Tabasco-Cayenne zones and provide a strong, wide intersection with a much higher “metal factor” (grade multiplied by width = 510-gram metres of gold) than the nearest drill holes 40 to 60m away.
“This intersection lines up well with the interpreted plunge of the high-metal factor domain and along with similar previous intersections, such as 4.84 g/t Au over 56m in FA-20-128 and 4.06 g/t Au over 51.70m in FA-20-134,” Mr Péntek said.
“We are beginning to outline a large area of good gold grades over tens of metres of true thickness including several higher-grade shear zones indicating good optionality for future underground production scenarios”
Before intercepting the Tabasco and Cayenne Zones the drill holes pass through the Area 51 vein network located immediately to the south of Tabasco-Cayenne.
In-fill and expansion drill results continue to define the Fenelon Gold System in preparation for a maiden resource estimate anticipated for the third quarter of 2021, whereas exploration results are demonstrating the connection of the Fenelon Gold System to the Sunday Lake Deformation Zone.2
Results of the initial exploration drill programme testing the connection of the Fenelon Gold System to the Ripley-Reaper area and the Sunday Lake Deformation Zone have also been released, representing approximately 10,000m
Thus far, the initial 13 holes drilled, have demonstrated Area 51-style mineralization with visible gold-bearing quartz-sulphide veining hosted by the Jeremie Diorite and surrounding sedimentary rocks throughout the approximately 800 by 500m area tested and consist of wide, low-grade zones containing higher grade veins, such as 0.80 g/t Au over 22.90 metres (including 10.74 g/t Au over 0.75 metres and 16.74 g/t Au over 0.75 metres), 0.65 g/t Au over 25.50 metres and 2.64 g/t Au over 6.00 metres and 1.56 g/t Au over 8.65 metres.
Further drilling, especially at greater depth and along strike is required to test for higher grade Area 51-style mineralisation and the potential extension of Tabasco-Cayenne-style high-grade shear zones into this large area between the currently known footprint of the Fenelon Gold System and the Sunday Lake Deformation Zone.
