Wallbridge Provides Results of 2024 Drilling Program on Detour East Property

Core Viewpoint - Wallbridge Mining Company Limited has announced positive final assay results from the 2024 exploration drilling program conducted by Agnico Eagle Mines on the Detour East property, indicating potential for a new gold discovery in the northern Abitibi region [1][2]. Exploration Program Summary - The 2024 exploration program at Detour East was executed in two phases: the first phase involved a property-wide airborne Mobile Magnetotellurics (MT) geophysical survey covering 1,923 line-kilometres to identify geological and geophysical targets [3]. - The second phase included a 14-hole diamond drilling program totaling 6,475 metres, with 9 out of 14 holes intersecting gold mineralization, confirming the presence of significant structural deformation and mineralization [4]. Assay Highlights - Notable assay results include: - 9.95 g/t Au over 0.5 metres in hole DTE-24-55 along the Sunday Lake Deformation Zone (SLDZ) [5]. - 1.34 g/t Au over 3.0 metres and 1.27 g/t Au over 3.7 metres in hole DTE-24-65, located near the boundary with the Casault property [5]. - 1.43 g/t Au over 5.0 metres, 5.79 g/t Au over 1.0 metre, and 7.02 g/t Au over 3.5 metres in hole DTE-24-66 on the historic Lynx target along the Massicotte Deformation Zone (MDZ) [5]. Financial Commitment and Joint Venture - Agnico Eagle Mines has invested approximately $5.5 million into exploring the Detour East property since entering the option agreement in late 2020, with $2.0 million remaining to acquire an initial 50% interest [2][8]. - Upon exercising its option for the initial 50% interest, Agnico will have the opportunity to earn an additional 25% interest by completing an additional $27.5 million in qualified work expenditures within five years [8]. Property Overview - The Detour East property is part of a 231 km claim block within Wallbridge's 830 km Detour-Fenelon Gold Project land package, covering approximately 20 km of the SLDZ and 15 km of the MDZ [7].