Wallbridge Mng Stock Price, News & Analysis

Wallbridge Mining (WLBMF) reported positive results from its 2025 exploration drilling program at the Martiniere gold project, with multiple high-grade gold intercepts. Notable findings include intercepts of 40.99 g/t Au over 2.3m at Dragonfly, 6.71 g/t Au over 14.4m at Horsefly, and new mineralization discovery at Martiniere Northeast. The drilling program, which began in March 2025, plans to complete 10,000-15,000 meters in two phases. Phase 1 completed 7,225 meters across 16 holes plus two extensions. The Dragonfly zone expanded by 300 meters northwest and 250 meters southeast, while gold mineralization along the Bug Lake corridor now spans approximately 2,000m by 800m area to depths of 350-400m, remaining open to at least 500m below surface.

Wallbridge Mining Company Limited (WLBMF) has announced its Annual and Special Meeting will be held virtually on June 12, 2025 at 4:30 p.m. ET. The meeting materials are available on the company's website, TSX Trust platform, and SEDAR+. Following their March 27, 2025 updated Preliminary Economic Assessment (PEA) for the 100%-owned Fenelon gold project in Quebec, the company has planned several investor relations initiatives for Spring 2025.

Wallbridge will participate in four major mining investment conferences: 121 Mining Investment Conference in London (May 12-13), Deutsche Goldmesse in Frankfurt (May 16-17), THE Mining Investment Event in Quebec City (June 3-5), and 121 Mining Investment Conference in New York (June 9-10). The company welcomes one-on-one meetings with investors at these events.

Wallbridge Mining Company (TSX: WM, OTCQB: WLBMF) announced changes to its Board of Directors on April 10, 2025. Tony Makuch is stepping down from his position as Director and Chairperson of the Board, with Janet Wilkinson, a current independent director, appointed as the new Chairperson effective April 9, 2025.

Makuch, who joined the Board in 2019, cited the need to focus his attention on Discovery Silver as the reason for his departure. Wilkinson, as Wallbridge's longest-tenured director, brings deep company knowledge and extensive Board experience to her new leadership role.

Wallbridge Mining (TSX: WM, OTCQB: WLBMF) has initiated its 2025 drilling program at the Martiniere gold project in northwestern Quebec, located 30 km west of their Fenelon gold project. The exploration focuses on the Bug Lake deformation corridor, following successful 2024 drilling that yielded high-grade intercepts from three satellite targets within 100-500 metres of the current mineral resource.

The first hole targets the Dragonfly zone's down-plunge extension, which has been delineated along a 500-metre strike length and depths of 75-200 metres below surface. Additional drilling is planned for the Horsefly and Martiniere North target areas.

The company plans to complete 10,000 to 15,000 metres of drilling at Martiniere in 2025, with the first phase scheduled for completion in May 2025. Results are expected by Q2 end, with a second phase planned for late July. Exploration continues across the company's 830 km² regional property along the Detour-Fenelon gold trend.

Wallbridge Mining (TSX: WM, OTCQB: WLBMF) has announced final assay results from its 2024 exploration drilling program at the Detour East property, conducted by Agnico Eagle Mines. The program yielded several significant gold intersections, including:

- 9.95 g/t Au over 0.5 metres in hole DTE-24-55
- 1.34 g/t Au over 3.0 metres in hole DTE-24-64
- 7.02 g/t Au over 3.5 metres in hole DTE-24-66

The exploration program consisted of two phases: a 1,923 line-kilometer airborne Mobile Magnetotellurics survey and a 14-hole diamond drilling program totaling 6,475 metres. Nine of the 14 holes intercepted gold mineralization warranting further investigation. Agnico has invested approximately $5.5 million in exploring the property since 2020, with $2.0 million remaining to acquire an initial 50% interest.

Wallbridge Mining (OTCQB: WLBMF) has announced key transactions for its Quebec gold properties. The company has extended its option agreement with Midland Exploration for the Casault property until December 31, 2026, maintaining the opportunity to earn up to 65% interest. The 177 km² Casault property is strategically positioned along the Sunday Lake Deformation Zone, between Wallbridge's Detour East Gold property and Martiniere gold property.

Additionally, Abitibi Metals Corp has fulfilled the terms of their purchase option agreement for the Beschefer gold project by completing $3,000,000 in expenditures and issuing 2,033,672 common shares to Wallbridge. The transfer of mineral titles for Beschefer, located 28 km southwest of Wallbridge's Fenelon Gold Project, is currently in process.

Wallbridge Mining (TSX: WM, OTCQX: WLBMF) has announced its fully-funded 2025 technical studies and exploration programs for its Fenelon Gold and Martiniere Gold projects in northwestern Quebec. The company plans to complete an updated Preliminary Economic Assessment (PEA) for Fenelon in Q1 2025, evaluating a phased development approach with lower initial production rates to reduce costs.

The company's cash balance stood at $21.2 million as of December 31, 2024. For 2025, 65-80% of planned drilling will focus on the Martiniere gold system, with 10,000-15,000 meters of drilling planned. The remaining 20-35% will be allocated to regional exploration, including 3,000-5,000 meters of drilling to discover new gold mineralization zones along the Detour-Fenelon gold trend within their 830 km² property.

Drilling at Martiniere will be conducted in two phases, with a pause between May and July for the Caribou calving season.

Wallbridge Mining Company (TSX:WM, OTCQB:WLBMF) has entered into an option agreement with Formation Metals Inc. (CSE:FOMO) for the sale of its N2 property. Under the agreement, Formation can acquire 100% ownership of the property through a structured payment plan totaling $550,000 in cash, 4 million common shares of Formation, and completion of $5 million in work expenditures over six years.

The payment schedule includes annual cash installments ranging from $50,000 to $100,000, share issuances of 1 million shares at signing and at years 1, 2, and 6, and work commitments distributed across years 1-3 and 6, with the largest work commitment of $2.8 million due in the final year.

Wallbridge Mining (TSX: WM, OTCQB:WLBMF) announced final assay results from its 1,303-metre Phase 2 drilling program at the Fenelon Gold Project. The program, completed in September 2024, consisted of four targeted infill holes within a 150x250 metre area of the high-grade Tabasco zone.

Key highlights include:

• 5.68 g/t Au over 1.5 metres (FA-24-581)
• 3.93 g/t Au over 2.5 metres and 14.66 g/t Au over 1.5 metres (FA-24-582)
• 7.03 g/t Au over 0.5 metres and 2.70 g/t Au over 3.0 metres (FA-24-583)
• 5.92 g/t Au over 2.7 metres (FA-24-584)

The company plans to release an updated Preliminary Economic Assessment for Fenelon in Q1 2025.