A Sudbury-based junior mining company says it is feeling so confident over a Quebec gold property, a production decision could be made by late 2018. Wallbridge Mining presented their latest findings and core samples from their Fenelon property at a special presentation of the Sudbury Prospectors and Developers Association, Nov. 21.
The talk by senior geologist Attila Pentek and exploration vice-president Joshua Bailey was a comprehensive history of the property, the geology of the deposits, initial test drills and preliminary assay results of core samples, and timelines on production plans.
Fenelon is located 150 kilometres north of Val d’Or, an area Bailey described as being largely overlooked by prospectors. Exploring the property was part of a valuation strategy by the company, which met the investment criteria for a number of reasons.
“This is a high-grade historic resource, with existing mine workings,” Bailey said. “There had been two bulk samples showing the ore is mineable, producing around 110 grams per tonne, with bulk recoveries around 97 per cent.”
The project has advanced rapidly over the last year. They started discussions with Balmoral Resources, who owned Fenelon at the time, to acquire the property. The resource was updated before the acquisition was complete. Since then, it’s been a steady and rapid process of drilling and assays.
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