11:36 AM EST, 01/22/2025 (MT Newswires) -- (Updates shares.)

Wallbridge Mining ( WLBMF ) on Wednesday provided details of its 2025 exploration programs for the Fenelon and Martiniere gold projects in Quebec.

For Fenelon, the company aims to complete an updated preliminary economic assessment focused on optimizing the underground mining and processing. It will also include surface infrastructure plans based on updated capital and operating costs, and an updated mineral resource estimate.

Wallbridge also plans to continue exploration step-out drilling along known and potential extensions to the Bug Lake gold deposit at the Martiniere project.

The company said it will also continue generative exploration to test prospective greenfield targets within its position along the Detour-Fenelon gold trend.

"We believe that 2025 will be an important and transformational year for Wallbridge," said chief executive Brian Penny. "In 2025, approximately 65% to 80% of our planned drilling program will be directed at exploring the Martiniere gold system, with the remaining 20% to 35% to be allocated toward new discovery opportunities within the company's broader regional land position."

Wallbridge shares were last seen up $0.005 to $0.07 on the Toronto Stock Exchange.

Price: 0.07, Change: +0.01, Percent Change: +7.69