Successful First Phase of Drilling at Martiniere

Mar 5 2024Reviewed by Lexie Corner Wallbridge Mining Company Limited…

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Wallbridge Mining Company Limited has initiated around 7,500 m of diamond drilling using two rigs at its Martiniere gold project in Northern Abitibi, Quebec.

The project is 30 km west of the Company’s Fenelon gold project and 45 km east of Agnico Eagle’s Detour Lake gold mine.

The 2024 drilling program at Martiniere has been formulated to achieve three main goals.

  • Enhance and improve the existing gold reserve
  • Gather a sample of mineralized material for metallurgical analysis
  • Obtain oriented drill core data for geotechnical rock mass evaluation

The drill program for 2024 will be carried out in two stages. The initial stage is set to conclude in March and April, while the second phase will depend on the findings obtained from Phase 1 and is planned to begin in early Q3. The outcomes of the Martiniere drilling program will be integrated into a comprehensive Fenelon/Martiniere Preliminary Economic Assessment (PEA) that is expected to be finalized in early 2026.

Given its close proximity to Fenelon, the current 684,300-ounce indicated and 632,300-ounce inferred gold resources, and indications that Martiniere is part of a substantially larger gold system, continued exploration is warranted to better define the principal controls on mineralization, identify the centers of higher gold grades and delineate the overall limits of the mineral resource.

Brian Penny, Chief Executive Officer, Wallbridge Mining Company Limited

Wallbridge has recently finished the initial phase of drilling at the Fenelon project site, covering nine holes and spanning a distance of 2,500 m. This phase aimed to explore and identify high-grade gold mineralization near the surface.

The results of the assays are still pending. The second phase of drilling at Fenelon will commence once the outcomes of phase 1 have been obtained and integrated into the geological model.


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