Image source: © 2025 Krish Capital Pty.Ltd

Highlights
• MR-25-123 intersects 16.30 g/t Au over 1.5 m and 10.60 g/t Au over 2.1 m at Dragonfly
• MR-25-125 returns 23.38 g/t Au over 2.0 m including 45.70 g/t over 1.0 m at Horsefly
• Phase 1 completed with 7,225 metres drilled; Phase 2 scheduled to begin in July

Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) has announced the final results from its Phase 1 drilling campaign at the wholly owned Martiniere gold project. Seven remaining holes have confirmed additional high-grade gold intercepts in the Dragonfly, Horsefly, and Bug Lake South zones, along the Bug Lake deformation corridor.

At Dragonfly, MR-25-123 returned 16.30 g/t gold over 1.5 metres and 10.60 g/t over 2.1 metres, including 24.40 g/t over 0.9 metres. MR-25-122 delivered 2.79 g/t over 5.8 metres and 3.01 g/t over 2.0 metres. These results extend mineralization 150–200 metres southeast of the current resource, within a 400-metre-wide gap between defined zones.

Horsefly results include 23.38 g/t gold over 2.0 metres from MR-25-125, including 45.70 g/t over 1.0 metre. MR-25-124 intersected 6.83 g/t over 1.9 metres, including 16.60 g/t over 0.7 metres. These intercepts confirm near-surface gold mineralization northward toward the Lac-Du-Doigt fault zone.

Bug Lake South drilling, 500 metres south of Dragonfly, yielded 3.27 g/t over 1.1 metres in MR-25-119, along with several intervals of weak to moderate anomalous grades.

In Martiniere Northeast, MR-25-120 and MR-25-126 returned lower-grade but structurally significant results. MR-25-120 intercepted five structures, including 0.22 g/t over 2.5 metres. MR-25-126 returned intervals such as 0.39 g/t over 4.2 metres. These confirm broad structural gold-bearing systems previously undrilled.

CEO Brian W. Penny commented, “The final results of our Phase 1 drilling program reinforce our conviction in the growth potential of the Martiniere gold system, which we believe extends well beyond the currently defined mineral resource.”

The 2025 Phase 1 program, completed May 14, consisted of 16 drill holes and two extensions, totaling 7,225 metres. For the year, Wallbridge plans to drill 10,000 to 15,000 metres at Martiniere, with Phase 2 beginning in July.

Gold mineralization at Martiniere is associated with pyritic silica-sericite alteration and quartz-carbonate veining, along fault and shear zones within mafic volcanics and felsic porphyry dykes. To date, drilling has identified gold mineralization across a 1,500 by 700 metre area, to depths averaging 350–400 metres, and open at depth.

Historic deeper holes such as BLD-16-01 (6.4 m at 4.32 g/t Au) and MDE-17-289 (1.0 m at 6.18 g/t Au) indicate the system may extend to 800–900 metres vertical depth.

Martiniere is part of Wallbridge’s 830 square kilometre Detour-Fenelon Trend property in northern Abitibi, Québec, located 30 kilometres west of the Company’s Fenelon project and 50 kilometres east of the Detour Lake gold mine.

All intervals reported are core lengths with estimated true widths of 60–90%.