Brian Penny, CEO of Wallbridge Mining (TSX: WM – OTCQX: WLBMF), joins me for a comprehensive exploration and development update at their flagship Fenelon Project, and the Martinière Project, with additional updates on regional exploration targets along the Detour-Fenelon trend, in Québec.
We start off having Brian recap the key milestones and work programs from 2023, and then dive right into the work already completed or still ongoing in 2024, and the balance of the work and key news looking ahead. The overall drill program of 23,000 meters will be done in a few phases at various projects. At Fenelon, the Company has already completed 2,500 meters of drilling for both definition drilling and testing a few new areas, and those results should be coming out to the market in the near future.
The 2024 drill program at Martinière, 30 kilometres west of the Company’s Fenelon gold project and 45 kilometres east of Agnico Eagle’s Detour Lake gold mine, will be conducted in two phases. In March, a diamond drill program with 7,500 meters kicked off using two rigs at its Martiniere gold project located in Northern Abitibi, Quebec. The goals of this first phase of drilling are to expand and upgrade the current gold resource; to collect a representative sample of mineralized material for metallurgical characterization studies; and to collect oriented drill core data to support geotechnical rock mass characterization studies.
This first phase of drilling has been mostly completed, and the Phase 2 drilling will be based on the results returned from Phase 1 and is scheduled to commence in early Q3. The results from the Martiniere drilling program will be incorporated into a combined Fenelon/Martiniere Preliminary Economic Assessment (“PEA”) scheduled for completion in early 2026.
We also touch upon additional regional drill targets at Fenelon and Martinière that may see some drilling this year, as well as the outlook at Detour East with their JV partner Agnico Eagle, and some additional drilling planned at the Casault Project, that they are optioning into with Midland Exploration. We wrap up discussing the recent participation in the private placement to raise capital for NorthX Nickel Corp. (formerly Archer Exploration Corp.) (CSE:NIX).
If you have any questions for Brian regarding Wallbridge Mining, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Wallbridge Mining at the time of this recording.
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