12:23 PM EST, 02/21/2019 (MT Newswires) -- Wallbridge Mining Company Limited (WM.TO) is up 1.85% after it announced additional positive drill results that extended a known gold zone. The company has also identified an entirely new gold zone with many similarities to the main deposit at its Fenelon Gold Property.

Highlights of received assay results from the surface exploration drill program are as follows:

FA-18-051: 1.02 g/t gold over 24.59 metres, including 3.13 g/t gold over 4.78 metres which includes an interval containing visible gold that assayed 9.90 g/t gold over 0.54 metres, and 12.70 g/t gold over 2.71 metres included within a wider interval of 3.93 g/t gold over 9.96 metres.

FA-18-040: 19.18 g/t gold over 0.58 metres in the Cayenne zone, extending this zone approximately 100 metres to the Northwest, and 3.08 g/t gold over 3.27 metres in a new zone at depth in the Tabasco South area.

The 2019 drill program has now begun with one underground drill rig and one surface drill rig to follow at the end of the month. The first two drill holes of the underground resource drill program (19-5150-003 and 19-5150-001) have intersected visible gold, Wallbridge said.

Price: 0.28, Change: +0.01, Percent Change: +1.85