Jan 19, 2020 - Jan 20, 2020 / NTS GMT
Marz Kord - Wallbridge Mining Company Limited - Director, President and CEO
A bit of an investment highlights. We purchased a Fenelon property about late 2016. Since then, we've aggressively done exploration in the bulk sample, and have managed to actually tried to get the size potential for this deposit since. The project is located in Abitibi, just about 70 kilometers of the [crow flies] from the Detour mine on the Sunday Lake Deformation Zone.
Since the purchase of property, we've done close to about 85,000 meters. We did 75,000 meters of drilling last year. This year's program is about 100,000 to 120,000 meters. It's fully funded program. Today, we have about $55 million cash in the treasury. Our program for the year is about $36 million. And we have a bit of a flexibility to either accelerate the project or be able to look at other value accretive assets, or perhaps leave it for the 2021, continue the exploration.
We started looking at the project when we were doing the due diligence before the purchase. And the project had seen about 10 years of exploration, but
Wallbridge Mining Company Ltd at Cambridge House International Vancouver Resource Investment Conference Transcript
Jan 19, 2020
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