Wallbridge Mining (TSX:WM) said today that initial drilling has greatly expanded the ultimate size potential of the Fenelon Gold System located in northwestern Québec.
Recent drilling has extended gold mineralization 500 metres to the west and 850 metres to the south of Area 51.
“The new, greatly expanded, footprint of the Fenelon Gold System, together with our ongoing infill and step-out drilling program on the original Area 51, Tabasco and Cayenne areas, dictate that we need to consider a significant increase and acceleration of our drilling program to define the full potential of what is rapidly becoming a very large system with multi-million ounce resource potential,” stated Marz Kord, President and CEO of Wallbridge. “In the coming weeks we will continue to outline the potential of this gold system by also exploring the virtually untested extensions of the Tabasco-Cayenne Zones toward the southeast.”
Wallbridge said it has a pipeline that will potentially sustain a 100,000 ounce-plus annual gold production.