Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) has officially launched its fully funded 2026 exploration and technical studies programs, marking a significant step forward in its mining operations. The highlight of this initiative is the commencement of drilling at the 100%-owned Fenelon Gold Project, located in northwestern Québec. This program represents one of the company's most active exploration seasons in recent years, with extensive plans to drive development and resource growth.
Comprehensive Exploration Strategy
The 2026 program is designed to be a balanced approach, focusing on both long-term development priorities and near-term resource expansion opportunities. Approximately 25,000 metres of drilling are planned across key properties, including Fenelon, Martiniere, Casault, and Grasset. This effort aims to advance the Fenelon project toward its next stage of technical development while simultaneously unlocking growth potential at the Martiniere Gold Project and other early-stage prospects.
Wallbridge's land position covers an impressive 598 km² along 82 kilometres of the prolific Detour–Fenelon gold trend, providing a robust foundation for future discoveries. The company emphasizes financial discipline and flexibility as results are received, ensuring a strategic and efficient use of capital.
CEO Insights and Program Objectives
Brian W. Penny, Chief Executive Officer of Wallbridge, expressed enthusiasm for the launch, stating, "We are excited to have launched our fully funded, clearly defined 2026 exploration and development strategy. At Fenelon, our focus is on advancing the technical work required to further de-risk the project and position it for the next stage of development." He added that capital is being allocated to systematically evaluate growth potential across the regional property portfolio.
Penny concluded, "Our 2026 program is structured to balance longer term development priorities with nearer-term resource growth opportunities, while maintaining financial discipline and flexibility as results are received." This statement underscores the company's commitment to a methodical and results-driven approach.
Detailed Program Overview
Drilling has already begun at the Fenelon Gold Project, with one rig targeting infill areas within the current mineral resource. This resource is part of the conceptual mine plan outlined in the company's Preliminary Economic Assessment from March 27, 2025. The initial campaign includes approximately 2,000 metres of large-diameter (HQ) core drilling, which will support metallurgical test work and related technical studies.
The primary goals of this drilling are to further evaluate gold recoveries across the deposit and characterize residual tailings and waste rock material. These efforts are crucial for de-risking the project as Wallbridge progresses Fenelon along the development pathway toward a future pre-feasibility study.
Collaboration with Synectiq
To ensure the success of the metallurgical testing and technical studies, Wallbridge has engaged Synectiq, an independent mining consultancy based in Longueuil, Québec. Synectiq brings extensive experience in managing multidisciplinary engineering and development studies for mining projects, having supported advancements from Preliminary Economic Assessment through pre-feasibility and final feasibility stages.
This partnership highlights Wallbridge's dedication to leveraging expert knowledge and best practices in its exploration and development efforts, enhancing the overall effectiveness of the 2026 program.
