Wallbridge Launches 2026 Exploration and Technical Studies Programs

Core Viewpoint - Wallbridge Mining Company Limited has initiated its fully funded 2026 exploration and technical studies programs, focusing on the Fenelon Gold Project in northwestern Québec, with a significant drilling campaign planned across multiple properties [1][2][3]. Exploration Program Overview - The 2026 program includes approximately 25,000 metres of drilling across the Fenelon, Martiniere, Casault, and Grasset properties, aimed at advancing Fenelon and unlocking growth potential at Martiniere [2][3]. - Drilling at Fenelon has commenced with one rig focusing on targeted infill areas, including approximately 2,000 metres of large-diameter core drilling to support metallurgical test work [5][6]. - A 1,500-metre reconnaissance drilling program is planned to test prospective targets within 2.5 kilometres of the main deposit area after the initial campaign at Fenelon [7]. Martiniere Project - A second drill rig will be mobilized to Martiniere in mid-March, with approximately 17,000 metres of drilling planned in two phases to expand and evaluate the gold system [8]. Casault and Grasset Properties - After the initial Fenelon campaign, approximately 3,000 metres of reconnaissance drilling will be conducted at the Casault property to test priority targets [9]. - Following the completion of Martiniere Phase 2, approximately 1,500 metres of reconnaissance drilling are planned at the Grasset property [10]. Financial Overview - Total expenditures for 2026, including corporate general and administrative costs, are anticipated to be approximately $27 million, reflecting a 30% increase in exploration and technical studies program costs compared to 2025 [11]. - The company ended 2025 with a cash balance of $28.9 million [11]. Company Background - Wallbridge Mining is focused on creating value through the exploration and sustainable development of gold projects in Quebec's Abitibi region, holding a mineral property position totaling 598 square kilometres along the Detour-Fenelon gold trend [13].