Wallbridge Mining announces 2026 exploration program, budget

Wallbridge Mining (WLBMF) Company announced its 2026 budget and plans for its fully-funded 2026 exploration and related technical studies program at its Fenelon, Martiniere, Grasset and Casault gold projects in northwestern Quebec. The Company plans to drill ~25,000 metres in 2026 across the Martiniere, Fenelon, Casault, and Grasset projects, which represents an increase of approximately 30% of drilling over 2025. “As we close out 2025, I am very optimistic about the year ahead, supported by a strong balance sheet and a clearly defined strategy,” said Brian Penny, CEO. “Our focus remains on unlocking value from our earlier-stage projects while continuing to advance our flagship Fenelon project toward a future pre-feasibility study. Building on the success of the 2025 drilling program at Martiniere, we plan to complete approximately 17,000 metres of drilling in 2026 to further evaluate the scale and continuity of the gold system and to position the project for future resource delineation as results warrant. At Fenelon, approximately 3,500 metres of drilling is planned, including 2,000 metres to support additional metallurgical test work, together with desktop technical studies and other de-risking activities to move the project toward a future pre-feasibility study. 1,500 Metres have been allocated toward testing earlier stage satellite targets located within 2.5 kilometres of the main Fenelon deposit. Our program will also include 4,500 metres of drilling to test several promising early-stage targets that our exploration team has identified at the Casault and Grasset properties. Favourable market conditions and record gold prices have improved the backdrop for our work, and we are entering 2026 with increased marketing plans and expanded exploration and development programs at both Fenelon and Martiniere, as well as our earlier stage properties. These initiatives are intended to enhance market visibility while maintaining disciplined capital allocation and a focus on creating long-term shareholder value.” The Company anticipates total expenditures of approximately $27M in 2026.