Home » Wallbridge Mining Company Ltd.

Wallbridge Mining Company Ltd.

Wallbridge Mining Company Ltd. (TSX:WM) – More High-Grade Intercepts in Lower Tabasco Zone

Wallbridge Mining announced late Tuesday that it intersected high-grade gold mineralization at depth in the Lower Tabasco zone at its 100%-owned Fenelon gold project in Quebec. This intercept came from a batch of three holes from the Lower Tabasco zone that were drilled in 2019 and 2020, along with one hole from the Upper Tabasco zone. These intersections demonstrate that the Fenelon Gold system, and the Lower Tabasco zone, host significant gold mineralization at depth. We note that Wallbridge continues to have success with the drill bit at Fenelon and is en-route to defining what we believe could be a +$500M ore body that could host three distinct mines; we currently model two.

Wallbridge Mining Company Ltd. (TSX:WM) – Big Step-out Success at Fenelon Expands Deposit

Wallbridge Mining announced that it has intersected mineralization 800m northwest of the known footprint of the gold system at its Fenelon gold project in Quebec. This intercept was part of another batch of 2019 assays being reported. Step out drilling was focused on determining the extent of gold mineralization within the Jeremie pluton (which was previously thought to be unmineralized). This success continues to support our thesis that Fenelon has the potential to host three different types of gold mines. We currently only model two types and are waiting for further open pit evidence to be demonstrated prior to including it in our valuation.

Wallbridge Mining Company Ltd. (TSX:WM) – Open Pit Potential Rapidly Growing at Fenelon

Wallbridge Mining provided an update on exploration progress at its 100%-owned Fenelon gold project in Quebec and released a new batch of drill results primarily from the Area 51 and the Lower Tabasco zones. Drilling was focused on expanding on a potential open pit. This drilling supports our thesis that Fenelon has the potential to host three different types of gold mines feeding one central processing facility; we currently only model two types and are waiting for further open pit evidence to be demonstrated.

Endangered Species List – Move Over Pandas, These Names are Going the Way of the Dodo

We are publishing our first “Endangered Species List”, which is a list of mining investment assets we consider most likely to go extinct (be acquired) in 2020. In addition, we plan to update this list of names throughout the year. In this note, we outline the criteria used for being selected to our list and a brief rationale of the specific catalyst that we believe could lead to the takeout occurring.

Wallbridge Mining Company Ltd. (TSX:WM) – Lower Tabasco Zone Heating Up

Wallbridge Mining announced a new batch of drill results from the Lower Tabasco zone at its 100%-owned Fenelon gold project in Quebec. Results from its 75km 2019 drill program are continuing to be released and are expanding the footprint and depth of the Fenelon gold system (Figure 1). We believe Wallbridge is an endangered species in the Canadian gold equities space as it represents a unique opportunity for investors to gain increased leverage to significant exploration upside, which we strongly believe could result in a +$500M ore body.

Wallbridge Mining Company Ltd. (TSX:WM) – Flow Through Financing Adds C$7.9M in Cash

Wallbridge Mining announced that it closed a non-brokered private placement for aggregate proceeds of $7.9M. We reiterate our view that Wallbridge has the potential to become a +60k oz Au and a +100k oz Au producer in three and five years, respectively. We believe Wallbridge is an endangered species in the Canadian gold equities space as it represents a unique opportunity for investors to gain increased leverage to significant exploration upside, which we strongly believe could result in a +$500M ore body.

Wallbridge Mining Company Ltd. (TSX:WM) – Oh the Possibilities – Big Name Behind Recent Financing

Wallbridge Mining announced that Kirkland Lake Gold Ltd. (TSX: KL) was behind the recent C$42.5M private placement financing, making it a 9.9% shareholder of Wallbridge. Additionally, Tony Makuch, CEO of Kirkland Lake has joined Wallbridge’s board of directors following this transaction. Wallbridge represents a unique opportunity for investors to gain increased leverage to significant exploration upside which we believe could result in a +$500M ore body.

Wallbridge Mining Company Ltd. (TSX:WM) – “Gretzky Hole” Extends Depth of Fenelon System

Wallbridge Mining announced drill results for the Area 51, Tabasco and Cayenne zones at its 100%-owned Fenelon gold project in Quebec. The results of its 75km drill program are continuing to be released and are expanding the footprint and depth of the Fenelon gold system. Wallbridge represents a unique opportunity for investors to gain increased leverage to significant exploration upside which we believe could result in a +$500M ore body.

Wallbridge Mining Company Limited (TSX: WM) – Funding Secured for 2020 and Beyond

Wallbridge Mining announced a C$42.5M financing which we believe will help the company move its 100% owned Fenelon gold project (Quebec) forward towards production and FCF generation. We reiterate our view that Wallbridge has the potential to become a +60k oz Au and +100k oz Au producer in three and five years, respectively. Wallbridge represents a unique opportunity for investors to gain increased leverage to significant exploration which we believe could result in a +$500M ore body.

Wallbridge Mining Company Ltd. (TSX: WM) – Three for the Price of One. Get It Before It’s Gone.

Wallbridge is basically a completely new story that warrants your attention. Wallbridge is an exciting gold explorer/developer with its flagship asset being its 100%-owned Fenelon gold project in Quebec. The company’s stated goal is to produce free cash flow from operations and grow through effective exploration. Wallbridge aims to become a +60k oz Au producer within three years and a plus 100k oz Au producer within five years. In our view, the Fenelon gold project is the most exciting gold exploration play due to its high grades, size, and multi mine possibilities, which we will delve into in this report. We believe Wallbridge is in the process of drilling out what will become a +$500M ore body at Fenelon and thus would be an excellent acquisition for any producer at its present valuation of ~C$294M.