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Message: Wallbridge Mining Expands Detour-Fenelon Trend Holdings With Option Agreement on Casault Gold Property

Wallbridge Mining Expands Detour-Fenelon Trend Holdings With Option Agreement on Casault Gold Property

posted on Jun 18, 2020 12:29PM
2020-06-18 11:47:23 AM ET (MT Newswires)
   
   

11:47 AM EDT, 06/18/2020 (MT Newswires) -- Wallbridge Mining Company Limited (WM.TO) has entered into an option agreement to acquire up to a 65% interest in the Casault gold property, which is contiguous to both its Martiniere and Detour East gold properties, from Midland Exploration Inc. (MD.V).

"Optioning the Casault Gold Property consolidates Wallbridge's district-scale land position along the Detour-Fenelon Gold Trend," said President & CEO Marz Kord. "This addition unites the company's project holdings seamlessly to the Quebec/Ontario border and gives the company control of over 900 km2 of prospective exploration/development ground in Quebec's prolific Northern Abitibi Greenstone Belt."

Midland discovered the Vortex Zone in 2017, a significant gold system on the Casault Gold Property, and this agreement between the two companies sets the stage for additional discoveries.

Price: 1.08, Change: +0.05, Percent Change: +4.85

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