MI3 Market Alert: Quebec’s Next Gold Mine
Mario Drolet President of MI3 Communications Financières Inc. (MI3) released a technical note at market open today on Wallbridge Mining Company Limited (TSX: WM) for exclusive distribution on InvestorIntel. In this note, MI3 highlighted the following points on Wallbridge Mining Company Limited.
- Wallbridge Resource Drilling Continues to Intersect High-Grade Gold at its 100% owned Fenelon Gold Property: Drilling Intersects 3.93 g/t Gold over 20.72 metres, including 55.95 g/t Gold over 1.24 metres.
- Further approximately 7,500 metres have been drilled as part of the 2019 resource drill program and these results will be announced in separate press releases from the exploration results.
- Recently WM crossed 50 DMA … positive MACD
- Support: S2; $0.35 S1; $0.38 Resistance: R1; $0.42 R2; $0.45
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About Wallbridge Mining
Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.
Wallbridge is currently developing its 100%-owned high-grade Fenelon Gold property in Quebec with ongoing exploration and a recently-completed 35,000-tonne bulk sample. Wallbridge is also pursuing additional advanced-stage projects which would add to the Company’s near-term project pipeline. Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.
Wallbridge also has exposure to exploration for copper and gold in Jamaica and British Columbia through its 11.3% ownership of Carube Copper Corp. (TSXV: CUC, formerly Miocene Resources Limited, a Wallbridge spin-out of its BC assets).
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Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this note.
Mario has over 25 years in financial market and he is passionate about Finance. He worked on the floor of the Montreal Exchange on his ... <Read more about Mario Drolet>