Wallbridge Mining Achieves Significant Gold Recovery Results

Wallbridge's Remarkable Gold Recovery Findings

Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF), a leading player in the gold mining sector, has recently unveiled the impressive outcomes of their 2024 metallurgical testing program at the Martiniere Gold Project. This testing indicates that gold recoveries can reach an impressive 84.8% using traditional and reliable processing technologies. These results are crucial for Wallbridge as they position the company favorably in the competitive mining industry.

Insights from the Metallurgical Testing Program

The metallurgical testing conducted by the renowned SGS Lakefield Research Ltd. has evaluated multiple grind sizes and processing methods on a sample taken from five drill holes along the Bug Lake zone at Martiniere. The focus of this testing was to assess the potential gold recoveries applicable to a representative sample. Promising results emerged, particularly with methods incorporating gravity separation, flotation, and cyanidation, which produced an average gold recovery rate of 84.8%.

Initial Testing Phase and Outcomes

Brian Penny, the Chief Executive Officer at Wallbridge, expressed his satisfaction with these results, stating that they achieved essential goals, including demonstrating the viability of good gold recoveries from the Bug Lake mineralization. Furthermore, he noted that the testing employed established, effective mineral processing technologies. The comprehensive data gathered from this year's metallurgical tests will serve as a foundation for subsequent metallurgical studies as Wallbridge continues to explore and advance the Martiniere project.

Detailed Testing Results

The grade of the composite sample analyzed averaged 3.21 g/t Au. The metallurgical testing revealed a gold recovery of 18.5% achieved through gravity separation at a specific grind size of 150 microns (?m). Additionally, flotation tests conducted at an 83 ?m grind size yielded remarkable results with a gold recovery of 89.5%. Cyanidation tests on flotation tailings also showed promising results, achieving a maximum recovery of 68.2%.

Table of Metallurgical Recovery Results

The results summarized indicate a rigorous examination of recovery rates. The overall average gold recovery was an appreciable 84.8% over a processing period of 48 hours, which utilized a combination of gravity methods, sulfide flotation, and other techniques:

• Gravity Separation: 18.5% recovery for material at 150 ?m
• Flotation: Achieved a 89.5% recovery for material at 83 ?m
• Cyanidation of re-ground sulfide concentrates returned recoveries of 62.0% at 29 ?m and 82.9% at 16 ?m

Quality Assurance Protocols in Testing

Wallbridge operates under a stringent Quality Assurance/Quality Control (QA/QC) program, ensuring the reliability of all exploration activities. This program includes maintaining a verifiable chain of custody for samples collected, regular testing with certified materials, and secondary analytical checks at independent accredited labs. Each essential procedure is designed to uphold the integrity of the metallurgical testing to guarantee precise results.

Qualified Person Statement

The technical content of this press release was reviewed by Francois Chabot, Eng., M.Sc., who serves as the Manager of Technical Studies for Wallbridge. His expertise ensures that the findings presented are accurate and reflect the high standards set by the company.

About Wallbridge Mining Company

With a dedicated focus on sustainable gold mining practices, Wallbridge is advancing projects in the renowned Detour-Fenelon Gold Trend located within Quebec's Northern Abitibi region. The company's two primary projects, Fenelon Gold and Martiniere Gold, collectively hold over 3 million ounces of indicated gold resources, highlighting its significant position in the industry. Wallbridge has reported a positive Preliminary Economic Assessment (PEA) for Fenelon, indicating robust annual gold production metrics.

Frequently Asked Questions

What are the gold recovery results from Wallbridge's testing?

The 2024 metallurgical testing program achieved a gold recovery of up to 84.8% using various processing techniques.

Who conducted the metallurgical testing for Wallbridge?

The metallurgical testing was conducted by SGS Lakefield Research Ltd., a well-regarded laboratory in the mining industry.

What is the significance of these recovery results?

The results affirm that Wallbridge can obtain high gold recoveries using established mining technologies, which are crucial for project advancement.

How does Wallbridge ensure quality in its testing?

Wallbridge maintains rigorous QA/QC programs, involving a reliable chain of custody and regular independent testing, to ensure data accuracy.

What are Wallbridge's future projects?

Wallbridge will continue to advance its Martiniere Gold Project and has expressed intentions to explore additional opportunities within its extensive land package.

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