06:56 AM EDT, 09/30/2025 (MT Newswires) -- Wallbridge Mining ( WLBMF ) , near 52-week highs, overnight Monday provided results for the first six holes from the second phase of drilling at its 100% owned Martiniere gold project.

The company said the results further confirm the geologic continuity of the Dragonfly fault system as a series of sub-parallel mineralized structures, several of which host multiple high-grade gold intercepts ranging from 0.5 to over 5 meters in down-hole length. It added that assay results were pending for an additional 10 holes totaling 4,850 meters, and that it plans to drill another 4 to 5 holes to complete the program.

"Phase 2 drilling, building on the success of Phase 1 completed in May, has been strategically focused on testing down-dip extensions of known gold zones," said Wallbridge Chief Executive Brian W. Penny.

"Current exploration is concentrated on the Dragonfly and Horsefly areas, where results to date suggest significant potential to expand the mineralized footprint and support future resource growth at Martiniere."

Wallbridge expects to complete about 18,000 meters of drilling at Martiniere during 2025, by the end of Phase 2 in October.

Shares of the company closed up 4.2% to $0.125 on the Toronto Stock Exchange Monday.