Wallbridge Commences Drilling at Martiniere
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) ha avviato il suo programma di perforazione per il 2025 presso il progetto aurifero Martiniere nel nord-ovest del Quebec, situato a 30 km a ovest del loro progetto aurifero Fenelon. L'esplorazione si concentra sul corridoio di deformazione di Bug Lake, dopo il successo della perforazione del 2024 che ha prodotto intercettazioni ad alta legge da tre obiettivi satellitari all'interno di 100-500 metri dalle risorse minerarie attuali.
Il primo foro mira all'estensione in profondità della zona Dragonfly, che è stata delineata lungo un'estensione di 500 metri e a profondità di 75-200 metri sotto la superficie. Sono previste ulteriori perforazioni nelle aree target Horsefly e Martiniere North.
La società prevede di completare 10.000 a 15.000 metri di perforazione a Martiniere nel 2025, con la prima fase programmata per essere completata a maggio 2025. I risultati sono attesi entro la fine del secondo trimestre, con una seconda fase pianificata per la fine di luglio. L'esplorazione continua su una proprietà regionale di 830 km² lungo la tendenza aurifera Detour-Fenelon.
Wallbridge Mining (TSX: WM, OTCQB: WLBMF) ha iniciado su programa de perforación para 2025 en el proyecto de oro Martiniere en el noroeste de Quebec, ubicado a 30 km al oeste de su proyecto de oro Fenelon. La exploración se centra en el corredor de deformación de Bug Lake, tras el exitoso programa de perforación de 2024 que arrojó intersecciones de alta ley en tres objetivos satelitales dentro de 100-500 metros de los recursos minerales actuales.
El primer pozo tiene como objetivo la extensión en profundidad de la zona Dragonfly, que ha sido delineada a lo largo de una longitud de 500 metros y profundidades de 75-200 metros por debajo de la superficie. Se planean perforaciones adicionales en las áreas objetivo Horsefly y Martiniere North.
La empresa planea completar 10.000 a 15.000 metros de perforación en Martiniere en 2025, con la primera fase programada para completarse en mayo de 2025. Se esperan resultados para finales del segundo trimestre, con una segunda fase planificada para finales de julio. La exploración continúa en la propiedad regional de 830 km² a lo largo de la tendencia aurífera Detour-Fenelon.
월브리지 마이닝 (TSX: WM, OTCQB: WLBMF)은 퀘벡 북서부에 위치한 마르티니에르 금 프로젝트에서 2025년 굴착 프로그램을 시작했습니다. 이 프로젝트는 페넬론 금 프로젝트에서 서쪽으로 30km 떨어져 있습니다. 탐사는 버그 레이크 변형 회랑에 초점을 맞추고 있으며, 이는 2024년 굴착에서 100-500미터 이내의 세 개의 위성 목표에서 고품질의 인터셉트를 얻은 성공적인 결과에 따른 것입니다.
첫 번째 구멍은 드래곤플라이 존의 깊은 연장 부분을 목표로 하며, 이는 500미터의 스트라이크 길이와 표면 아래 75-200미터의 깊이로 구분되었습니다. 호스플라이 및 마르티니에르 노스 목표 지역에 대한 추가 굴착이 계획되어 있습니다.
회사는 2025년에 마르티니에르에서 10,000에서 15,000미터의 굴착을 완료할 예정이며, 첫 번째 단계는 2025년 5월에 완료될 예정입니다. 결과는 2분기 말까지 예상되며, 두 번째 단계는 7월 말에 계획되어 있습니다. 탐사는 Detour-Fenelon 금 트렌드를 따라 830 km²의 지역 자산에서 계속 진행됩니다.
Wallbridge Mining (TSX: WM, OTCQB: WLBMF) a lancé son programme de forage pour 2025 sur le projet aurifère Martiniere dans le nord-ouest du Québec, situé à 30 km à l'ouest de son projet aurifère Fenelon. L'exploration se concentre sur le corridor de déformation de Bug Lake, suite à un forage réussi en 2024 qui a donné des intercepts de haute qualité provenant de trois cibles satellites dans un rayon de 100 à 500 mètres des ressources minérales actuelles.
Le premier trou cible l'extension en profondeur de la zone Dragonfly, qui a été délimitée sur une longueur de 500 mètres et à des profondeurs de 75 à 200 mètres sous la surface. Des forages supplémentaires sont prévus pour les zones cibles Horsefly et Martiniere North.
L'entreprise prévoit de réaliser 10 000 à 15 000 mètres de forage à Martiniere en 2025, la première phase devant être achevée en mai 2025. Les résultats sont attendus d'ici la fin du deuxième trimestre, avec une seconde phase prévue pour fin juillet. L'exploration se poursuit sur la propriété régionale de 830 km² le long de la tendance aurifère Detour-Fenelon.
Wallbridge Mining (TSX: WM, OTCQB: WLBMF) hat sein Bohrprogramm für 2025 im Martiniere-Goldprojekt im nordwestlichen Quebec gestartet, das 30 km westlich ihres Fenelon-Goldprojekts liegt. Die Erkundung konzentriert sich auf den Bug Lake-Deformationskorridor, nach erfolgreichen Bohrungen im Jahr 2024, die hochgradige Schnittstellen aus drei Satellitenzielen innerhalb von 100-500 Metern der aktuellen Mineralressource lieferten.
Das erste Bohrloch zielt auf die Abwärtsverlängerung der Dragonfly-Zone, die über eine Strike-Länge von 500 Metern und Tiefen von 75-200 Metern unter der Oberfläche abgegrenzt wurde. Weitere Bohrungen sind in den Zielgebieten Horsefly und Martiniere North geplant.
Das Unternehmen plant, im Jahr 2025 10.000 bis 15.000 Meter Bohrungen im Martiniere abzuschließen, wobei die erste Phase bis Mai 2025 abgeschlossen sein soll. Ergebnisse werden bis Ende des zweiten Quartals erwartet, mit einer zweiten Phase, die für Ende Juli geplant ist. Die Erkundung wird weiterhin über das 830 km² große regionale Grundstück entlang des Detour-Fenelon-Goldtrends fortgesetzt.
- Expansion of drilling program following successful 2024 high-grade intercepts
- Substantial drilling campaign planned (10,000-15,000 metres)
- Large exploration footprint with 830 km² regional property position
- None.
TORONTO, March 14, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has commenced drilling at its Martiniere gold project (“Martiniere”) located approximately 30 km west of the Company’s flagship Fenelon gold project in northwestern Quebec.
The Company is continuing to explore the broader mineralized gold system at Martiniere. Exploration is focused along the Bug Lake deformation corridor where drilling in 2024 returned multiple high grade intercepts from three satellite targets located within 100 to 500 metres of the currently defined mineral resource (see Wallbridge news releases dated July 31, 2024 and November 6, 2024). The first hole of the 2025 program is targeting the down-plunge extension of the newly identified Dragonfly zone which has so far been delineated approximately 500 metres along strike and to a vertical depth ranging from 75 to 200 metres below surface. Drilling is also planned to follow up on positive results returned from the Horsefly and Martiniere North target areas.
During 2025 the Company plans to complete a total of 10,000 to 15,000 metres of drilling at Martiniere. The first phase of drilling is planned to be completed in May 2025. Based on the results of the first drilling phase, which are expected to be reported by the end of the second quarter, a second phase is planned to commence during the latter half of July.
Additionally, generative exploration to identify earlier stage greenfields targets within the Company’s 830 km2 regional property position along the Detour-Fenelon gold trend continues.
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Northern Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 830 km2 that extends approximately 97 km along the Detour-Fenelon gold trend. The property is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project.
For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:
| Brian Penny, CPA, CMA CEO Email: bpenny@wallbridgemining.com M: +1 416 716 8346 | Tania Barreto, CPIR Director Investor Relations Email: tbarreto@wallbridgemining.com M: +1 289 819 3012 |
Cautionary Note Regarding Forward-Looking Information
The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document.
All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI in this document may include, but is not limited to; the Company’s exploration plans; the future prospects of Wallbridge; statements regarding the results of the PEA; future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the mineral resource estimates (“MRE”) at the Fenelon and Martiniere properties (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.
FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; and failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.
FAQ
What is the scope of Wallbridge Mining's (WLBMF) 2025 drilling program at Martiniere?
Where is the Martiniere gold project located relative to Wallbridge's Fenelon project?
What are the key target areas for WLBMF's 2025 Martiniere drilling program?
What is the current extent of the Dragonfly zone at Martiniere?
