Wallbridge signs processing deal with Monarques
WALLBRIDGE MINING Company Ltd. has taken a significant step toward mining of a bulk sample at its Fenelon gold property with the signing of a custom milling contract with Monarques Gold Corp.
Monarques will process the 35,000tonne bulk sample ore from the Fenelon gold property, located 75 km west-northwest of Matagami, Que., at its Camflo mill.
“The signing of this toll-milling contract is a major milestone in our plans for an underground bulk sample to as sess the n ature of high-grade gold mineralization and to drill for expansion of the resource at the Fenelon gold property,” said Marz Kord, Wallbridge’s president and chief executive officer, “Importantly, the Camflo mill is familiar with the characteristics of processing Fenelon gold ore. This is the same mill which processed previous bulk samples from Fenelon gold in 2001 and 2004 with recoveries in excess of 97 per cent at head grades of over 10 grams per tonne.”
The qualified person responsible for this press release is Marz Kord, PEng, MSc, MBA, president and chief executive officer of Wallbridge.
About Wallbridge Mining Company Ltd.
Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.
Wallbridge is currently preparing to develop its 100-per-cent-owned high-grade Fenelon gold property in Quebec with continuing exploration and a bulk sample targeted to start in 2017. Wallbridge is also continuing partner-financed exploration on its large portfolio of nickel, copper and platinum group metal projects in Sudbury, Ont., with a focus on its high-grade Parkin project.
Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia through its 12.7-per-cent ownership of Carube Copper Corp.
We seek Safe Harbor. Shawn Day, Elaine Ellingham, Parviz Farsangi, Rene Real Galipeau, William Warren Holmes, Roland Lee Horst, Faramarz Kord, Darryl Sittler, Alar T Soever
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