Wallbridge Commences Phase 2 Drilling at Martiniere
ca.finance.yahoo.com
Wallbridge Mining Company Limited
Thu, July 17, 2025 at 4:00 a.m. PDT 2 min read
WLBMF
-3.40%
WM.TO
0.00%
GC=F
-0.61%
EBINAR TODAY, JULY 17 @ 2:00 PM EDT
Register here:
https://6ix.com/event/martiniere-phase-1-drilling
TORONTO, July 17, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has commenced its second phase (“Phase 2”) of drilling at its fully owned Martiniere gold project (“Martiniere”). The Phase 2 campaign has been designed to follow up on the positive results returned from its Phase 1 drilling campaign completed in May of this year (see Wallbridge news releases dated June 2, 2025 and July 2, 2025).
The Company is continuing to explore the broader mineralized gold system at Martiniere. Exploration is currently focused along the northwest-southeast trending Bug Lake deformation corridor and satellite targets located within 100 to 500 metres of the Martiniere mineral resource (see Wallbridge news release dated March 27, 2025). During Phase 2, drilling will target potential extensions to high-grade gold mineralization along the Dragonfly, Horsefly and Martiniere North zones, as well as the newly identified Martiniere Northeast target where drill hole MR-25-115 returned a 6.0 metres grading 3.84 g/t Au (previously reported).
During the first and second quarters of 2025, the Company’s Phase 1 campaign comprised 18 holes totaling 7,225 metres at Martiniere. Wallbridge plans to complete a total of 12,000 to 15,000 metres of drilling during 2025.
Additionally, generative reconnaissance fieldwork has commenced to identify earlier stage greenfields exploration targets along the Detour-Fenelon gold trend. During 2025, greenfields exploration will focus on the Casault, Doigt, Martiniere, Fenelon and Grasset claim blocks which comprise much of the Company’s 830 km2 regional property position.
Webcast
Wallbridge management will host a webinar to discuss the Martiniere Phase 1 Drilling results.
Date and Time: Today, Thursday July 17, 2025, starting at 2:00 PM EDT
Registration: To participate in the webinar, please register here:
can01.safelinks.protection.outlook.com
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 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: statements regarding current and future exploration and drilling results; the results of the preliminary economic assessment (“PEA”); 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 (“MREs") at Fenelon and Martiniere (collectively the “Deposits”); the prospects, if any, of 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; 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.
|
