Wallbridge And Midland To Test High-Priority Gold Targets At Casault
Wallbridge resumes Casault drilling to test high-priority gold targets along the Sunday Lake Deformation Zone.
Wallbridge Mining Company Limited, in partnership with Midland Exploration, has mobilized crews to the Casault gold property to begin a 3,000-metre diamond drilling campaign comprising 10 to 12 holes. The program targets the Vortex gold occurrence and the C2 target, based on a reinterpretation of historical geophysical and drilling data along the Sunday Lake Deformation Zone (SLDZ).
Vortex drilling, consisting of five to six holes for approximately 1,500 to 1,750 metres, aims to test the eastern extension of the shear-hosted gold system and evaluate continuity within the main zone. Historical intercepts at Vortex include 1.30 g/t Au over 23.5m and 1.38 g/t Au over 26.5m. C2 target drilling, involving three to four holes for approximately 750 to 1,000 metres, will test the intersection of the SLDZ and a northwest-trending cross-fault. Additional targets include intersections of the SLDZ and Fontina cross-fault, plus untested IP conductivity anomalies along the Lac du Doigt fault zone.
The release also confirms the resumption of infill drilling at the Fenelon project to support a pre-feasibility study (PFS) targeted for late 2027 or early 2028. Operations at the site had been suspended in July 2026 due to wildfire evacuation orders, which have since been lifted.
The company confirmed it is back on schedule following mid-year wildfire disruptions, with no changes to the Preliminary Feasibility Study (PFS) timeline or overall exploration strategy.
Drilling at the Casault property is part of the option earn-in commitment and does not represent a material change in project economics or resource potential at this stage. No new financial commitments or dilutive events were announced, and the company remains fully funded through the PFS phase.
Wallbridge Mining Company Limited operates the 600 sq km Detour-Fenelon Gold Trend in Quebec's Abitibi Greenstone Province. The company’s flagship asset is the Fenelon Gold Project, which is currently at the preliminary economic assessment (PEA) stage, with a pre-feasibility study (PFS) targeted for late 2027 or early 2028. The PEA assumes a 16-year mine life, a processing capacity of 3,000 tonnes per day, and an after-tax internal rate of return (IRR) of 21% at a gold price of $2,200 per ounce.
The Martiniere Gold Project is 100% owned and currently in active exploration. A resource estimate from March 2025 contains 346,000 ounces of Indicated and 387,000 ounces of Inferred resources. Drilling has expanded the system to approximately 2 km of strike, 800 m in width, and 800 m in depth.
Wallbridge also holds option properties along the Sudbury-Larder Lake Zone (SLDZ), including Casault and Grasset. The company holds an option to earn up to a 65% interest in Casault. The company is pre-revenue, with all capital directed toward exploration, technical studies, and corporate overhead.