Wallbridge Mining Company Ltd. today announced that due to the large increase in size potential of its Fenelon Gold Property , demonstrated by the exploration success in 2020, the Company’s Board of Directors has approved a 2021 program of approximately 170,000 metres of drilling and 4,800 metres of underground exploration development . The program involves spending of approximately $79 million for 2021, which includes [...]
Wallbridge Mining Company Ltd. today announced the appointment of Mr. Jeffery A. Snow, as a Director of the Corporation. Mr. Snow is a senior mining executive and lawyer with 39 years in the mining industry and extensive experience in corporate governance, business development, joint ventures, human resources, public relations and operations. Mr. Snow recently retired as Senior Vice-President, Business Development and [...]
Wallbridge Mining Company Ltd. is pleased to announce new assay results from the expansion drilling on the western edge of Area 51 on its 100% owned Fenelon Gold Property . Wide zones of strong gold mineralization were intersected at shallow depths, with highlight intersections including: 5.95 g/t Au over 20.45 metres, and 1.05 g/t Au over 40.95 metres between 60 and 140 metres below surface in drill hole FA-20-185 on [...]
Wallbridge Mining Company Ltd. today announced that it has entered into an option agreement with respect to its Detour East gold property with Kirkland Lake Gold Inc. , a wholly owned subsidiary of Kirkland Lake Gold Ltd. . Under terms of the Option Agreement, Kirkland can earn a 75% interest in Detour East by making expenditures totalling $35 million on the Property, as described below and in the Company’s news release [...]
Wallbridge Mining Company Ltd. is pleased to announce that assay results from the ongoing 100,000-metre 2020 drilling program on its 100%-owned Fenelon Gold Property continue to establish the high-grade core of the Tabasco-Cayenne shear system with good gold grades over widths consistently measured in the tens of metres. This high-grade core forms a central portion of the larger shear corridor which has so far been [...]
Wallbridge Mining Company Ltd. is pleased to report the first assay results from the ongoing 15-40 metre spaced infill drilling program to better define the high-grade core of the Lower Tabasco zone on its 100%-owned Fenelon Gold Property. Results of FA-19-086-W1, the first of five wedge cuts correlate well with the results of FA-19-086. FA-19-086-W1 9.06 g/t Au over 40.05 metres, including 4.74 g/t Au over 7.20 metres [...]
Wallbridge Mining Company Ltd. is pleased to report continuing positive drill results from Area 51 on Wallbridge’s 100%-owned Fenelon Gold Property . Results of the 75-metre step-out drilling have further extended the Area 51 gold zones to the west and southeast, while in-fill drilling in Area 51 continues to define the distribution of gold mineralization consisting of numerous narrow, high grade veins within vein [...]
Wallbridge Mining Company Ltd. today provides an update on its fully-funded $112 million exploration and development programs for 2020-2021. The main focus is to complete the drilling and underground development necessary to advance the Fenelon Gold Property to a maiden resource estimate by the third quarter of 2021 as well as expanding the gold mineralization to greater depths. Work will also be carried out to provide an [...]
Wallbridge Mining Company Ltd. , is pleased to announce that it has completed the previously announced "bought deal" public offering through the issuance of an aggregate of 55,500,000 common shares of the Company at a price of C$1.15 per Common Share for gross proceeds of C$63,825,000, inclusive of the partial exercise of the over-allotment option by the Underwriters to acquire an additional 6,500,000 Common Shares at a [...]
Marz Kord, CEO, Wallbridge Mining Company Ltd. , shares his company's story in an interview with TMX Group. The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite at The Open videos visit [...]
Wallbridge Mining Company Ltd. , has announced today that it has entered into an agreement with BMO Capital Markets, on behalf of itself and a syndicate of underwriters led by BMO Capital Markets, under which the Underwriters have agreed to buy, on a “bought deal” basis, 49,000,000 common shares of the Company at a price of C$1.15 per Common Share which will provide the Company with aggregate gross proceeds of [...]
Wallbridge Mining Company Ltd. today announced that it has entered into a non-binding term sheet with respect to a joint venture of its Detour East gold property with Kirkland Lake Gold Ltd. . Under terms of this joint venture, Kirkland can earn a 75% interest in Detour East by making expenditures totalling $35 million on the Property, as described below. “This Term Sheet, and ultimate joint venture agreement, is [...]
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