04:36 PM EDT, 10/02/2018 (MT Newswires) -- Wallbridge Mining Company Limited (WM.TO) climbed 7.3% to $0.29 apiece near 52-week high $0.35 after saying it saw "continued positive results" from its underground drill program at its 100%-owned Fenelon Gold Property.

CEO Marz Kord said: "Our exploration results continue to exceed expectations. We are particularly pleased with the results from the Habanero Zone, a new zone which is producing good grades and widths as demonstrated by the highlight intercept in this press release."

The company said in a statement that in the coming weeks, it will focus its drilling on adding high grade resources in the East Extension areas and at depth, below the 5130 Level.

Kord said: "We look forward to more good results from this zone as we still have several holes with visible gold with assays pending."

Price: 0.295, Change: +0.020, Percent Change: +7.27