Wallbridge Mining Company Ltd. , is pleased to announce the closing of the previously-announced non-brokered private placement financing of 29,166,667 common shares at a price of $0.24 per Common Share for gross proceeds of $7,000,000 to Eric Sprott , through 2176423 Ontario Ltd., a company beneficially owned by Sprott. The closing of the Offering was conditional on Sprott exercising 1,666,667 Common Share purchase [...]
Wallbridge Mining Company Ltd. is pleased to announce final results from the bulk sample at its 100%-owned Fenelon Gold Property . Highlights: The bulk sample established the Fenelon Gold could be mined at good grades using the relatively low cost bulk mining methods Stope grades ranged from 10.94 to 38.33 g/t gold 33,233 tonnes of ore with a reconciled average grade of 18.49 g/t gold containing 19,755 ounces of gold [...]
Wallbridge Mining Company Ltd. held its Annual and Special Meeting of Shareholders on May 8, 2019. A total of 254,159,353 shares or 61% of the outstanding shares of the Company were represented at the Meeting by proxy or in person. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information circular dated March 21, 2019 , were approved by the requisite [...]
Wallbridge Mining Company Ltd. today announced that hole FA-19-052 has assayed 2.81 g/t gold over 98.91 metres confirming the significance of the newly-discovered Area 51 Zone at its 100%-owned Fenelon Gold property . In addition, the Company announced intercepts from the Fenelon Main Zone including 22.54 g/t gold over 7.95 metres . Highlights Area 51 Zone 2.81 g/t gold over 98.91 metres in FA-19-052 within Area 51 [...]
Wallbridge Mining Company Ltd. is pleased to announce that the first hole of its 2019 surface drill program has intersected multiple visible gold-bearing shear zones and other abundant mineralized veins over an approximately 275 metre core length. These multiple structures and gold occurrences confirm the recently-announced Area 51 discovery as a significant size target which increases the ultimate size potential of [...]
Wallbridge Mining Company Ltd. is pleased to announce positive results from its initial drill program at the recently-optioned Beschefer gold property in Quebec. Highlights The majority of assays from the Company's first drill program at the Beschefer Project, consisting of five drill holes for a total of approximately 1,600 metres, have now been received. All holes intersected significant gold mineralization in the B-14 [...]
Wallbridge Mining Company Ltd. is pleased to announce continued positive results from ongoing development and production as part of the 35,000-tonne bulk sample at its 100%-owned Fenelon Gold Property . Highlights: To date approximately 25,000 tonnes of ore with a reconciled average grade of 18.19 g/t gold containing close to 14,700 ounces of gold has been processed at the Camflo Mill in four separate mill runs. More [...]
TORONTO, Feb. 21, 2019 /CNW/ - Wallbridge Mining Company Ltd. is pleased to announce continued positive drill results that have extended a known gold zone and have identified an entirely new gold zone with many similarities to the main deposit at its 100%-owned Fenelon Gold Property . Highlights Since the last press release , highlights of received assay results from the surface exploration drill program are as follows [...]
Wallbridge Mining Company Ltd. is pleased to announce a non-brokered private placement financing of up to 29,166,667 common shares at a price of $0.24 per Common Share for gross proceeds of up to $7,000,000 to Eric Sprott , through an affiliated company of Sprott. Sprott has also exercised 1,666,667 Common Share purchase warrants at an exercise price of $0.15 and 15,000,000 Common Share purchase warrants at an exercise [...]
Wallbridge Mining Company Ltd. is pleased to announce continued positive results from ongoing development and production as part of the 35,000-tonne bulk sample and underground exploration program at its 100%-owned Fenelon Gold Property . Highlights: To date approximately 25,000 tonnes of ore with a reconciled average grade of 17.34 g/t gold containing more than 14,000 ounces of gold has been processed at the Camflo Mill [...]
Wallbridge Mining Company Ltd. today announced the appointment of Mr. Michael Pesner, CPA, as a Director and Chair of the Audit Committee. Mr. Pesner is the President of Hermitage Canada Finance Inc., which specializes in financial advisory, mergers and acquisitions and divestiture services to a range of corporations. Between 1977 and 2003 he held a number of roles, including partner, senior partner and board member at [...]
Wallbridge Mining Company Ltd. is pleased to announce that it will be participating in the Vancouver Resource Investment Conference on January 20th and 21st, 2019. The conference is being hosted at the Vancouver Trade & Convention Center West located at 1050 Canada Place, Vancouver, BC. Conference attendees are invited to come by Booth 602, to meet the team and view high grade drill core from recent underground drilling [...]