Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF)
("
Wallbridge" or the "
Company")
today announced the appointment of Anthony (Tony) Makuch as
Non-Executive Chair of its Board of Directors, effective April 4,
2022.
“We are now at an inflection point as we focus on advancing the
Company’s flagship Fenelon Gold project and other nearby properties
located on our highly-prospective land package in the northern
Abitibi region of Quebec,” said Alar Soever, outgoing Chair of
Wallbridge. “Tony has an outstanding track record of building and
operating mines, with more than 35 years of leadership experience
in the mining industry and deep expertise in the Abitibi Greenstone
Belt. His track record and experience make him the ideal person to
lead the Wallbridge Board as the Company embarks on this exciting
new phase of its evolution.”
Mr. Soever will continue to serve as a director of Wallbridge.
Tony has served on the board of Wallbridge since December 2019.
“The management team at Wallbridge has assembled a land package
of outstanding scale and quality in the Abitibi region of
northwestern Quebec, anchored around its cornerstone projects at
Fenelon and Martiniere. Both of these projects have significant
growth potential, and there is additional prospectivity and
potential for new discoveries. I am excited to a play a role in
supporting the Company’s development at this critical juncture,”
said Mr. Makuch. “On behalf of my fellow directors, the management
and shareholders, I would like to thank Alar for his significant
contributions to Wallbridge and I am pleased that we will continue
to benefit from his expertise and knowledge as a director.”
About Wallbridge
MiningWallbridge is focused on creating value through the
discovery, acquisition, development, and production of gold from a
portfolio of exploration and development stage assets located in
established mining jurisdictions within Canada. Wallbridge’s
flagship project, Fenelon Gold, is located on the highly
prospective Detour-Fenelon Gold Trend in Northern Abitibi, Quebec.
A Mineral Resource Estimate completed in 2021 validated the
multi-million-ounce potential of Fenelon as well as Wallbridge’s
nearby Martiniere Property, incorporating a combined 2.67 million
ounces of indicated gold resources and 1.72 million ounces of
inferred gold resources. Fenelon and Martiniere, located within a
910-square-kilometre exploration land package controlled by
Wallbridge, have the potential to be developed into mines, and are
close to existing power and transportation infrastructure.
Wallbridge also has interests in several copper, nickel and
platinum group metal properties, including a 17.8% interest in
Lonmin Canada Inc.
Further information about Wallbridge can be
found in the Company’s regulatory filings available on SEDAR
at www.sedar.com and on the Company’s website
at www.wallbridgemining.com.
This news release has been authorized by the
undersigned on behalf of Wallbridge Mining Company Limited.
For further
information please visit the Company's website
at www.wallbridgemining.com or contact:
Marz Kord, P. Eng., M. Sc., MBAPresident &
CEOTel: (705) 682‒9297 ext.
251Email: mkord@wallbridgemining.com
Victoria Vargas, B.Sc. (Hon.) Economics,
MBAInvestor Relations
AdvisorEmail: vvargas@wallbridgemining.com
Forward-Looking
InformationCertain statements contained in this news
release may be deemed "forward–looking statements" within the
meaning of applicable Canadian securities laws. These
forward–looking statements, by their nature, require Wallbridge to
make certain assumptions and necessarily involve known and unknown
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in these forward–looking
statements. Forward–looking statements are not guarantees of
performance. Words such as "may", "will", "would", "could",
"expect", "believe", "plan", "anticipate", "intend", "estimate",
"continue", or the negative or comparable terminology, as well as
terms usually used in the future and the conditional, are intended
to identify forward–looking statements. Information contained in
forward–looking statements is based upon certain material
assumptions that were applied in drawing a conclusion or making a
forecast or projection, including management's perceptions of
current market conditions, the future prospects of Wallbridge,
historical trends, current conditions and expected future
developments, as well as other considerations that are believed to
be appropriate in the circumstances. Wallbridge considers its
assumptions to be reasonable based on information currently
available, but cautions the reader that their assumptions regarding
future events, many of which are beyond the control of Wallbridge,
may ultimately prove to be incorrect since they are subject to
risks and uncertainties that affect Wallbridge, and its
business.
By their nature, forward-looking statements
involve numerous assumptions, inherent risks and uncertainties,
both general and specific, that contribute to the possibility that
the predicted outcomes could differ materially from those contained
in such statements. These risks and uncertainties include, but are
not limited to, delays in obtaining or failures to obtain required
governmental, regulatory, environmental or other required approval,
the actual results of current exploration activities, fluctuations
in prices of commodities, fluctuations in currency markets, actual
results of additional exploration and development activities at the
Company’s projects, capital expenditures, the availability of any
additional capital required to advance projects, accidents, or
pandemic interruptions.
Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. These statements reflect the
current internal projections, expectations or beliefs of the
Company and are based on information currently available to the
Company.
The Company does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws. The Company believes that the expectations
reflected in those forward-looking statements are reasonable but no
assurance can be given that these expectations will prove to be
correct and such forward-looking statements included in this press
release should not be unduly relied upon by investors as actual
results may vary.
Risks and uncertainties about Wallbridge’s
business are more fully discussed in the disclosure material filed
with the securities regulatory authorities in Canada and available
on SEDAR under the Company’s profile at www.sedar.com. Readers are
urged to read these materials and should not place undue reliance
on the forward-looking statements contained in this press
release.
Covid-19 - Given the rapidly evolving nature of
the Coronavirus (COVID-19) pandemic, Wallbridge is actively
monitoring the situation in order to continue to maintain as best
as possible the activities while striving to protect the health of
its personnel. Wallbridge' activities will continue to align with
the guidance provided by local, provincial and federal authorities
in Canada. The Company has established measures to continue normal
activities while protecting the health of its employees and
stakeholders. Depending on the evolution of the virus, measures may
affect the regular operations of Wallbridge and the participation
of staff members in events inside or outside Canada.
Wallbridge Mining (TSX:WM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wallbridge Mining (TSX:WM)
Historical Stock Chart
From Apr 2023 to Apr 2024