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Wallbridge Mining Company (TSX:WM) reported drill results from four recently completed holes at its Parkin properties in Sudbury, Ontario. All four holes intersected nickel-copper-platinum group metal mineralization.
Wallbridge Mining Company (TSX:WM) reported drill results from four recently completed holes at its Parkin properties in Sudbury, Ontario. All four holes intersected nickel-copper-platinum group metal mineralization.
As quoted in the press release:
Four drill holes totalling 2,015 metres were completed testing three target areas beneath the near-surface Parkin resource. Drilling targeted off-hole borehole electromagnetic (“BHEM”) conductors and 50-100 metre step-outs from previous drilling.
Each hole intersected significant nickel (“Ni”), copper (“Cu”), platinum group metals (“PGM”), and gold (Au) mineralization (Table 1 and Figure 1) consisting of massive, semi-massive, net textured, disseminated and stringer sulfides associated with quartz diorite and inclusion quartz diorite phases and abundant mafic inclusions within the near-vertical Parkin Offset dyke. Subsequent borehole electromagnetic (BHEM) surveys identified strong off-hole conductors associated with each intersection, demonstrating that in each case the mineralization is open with better conductivity indicating potentially greater grades adjacent to the drill hole.
Drill holes WMP-139 and WMP-141 targeted 400 metres depth beneath the north end of the Parkin resource at what is now being called the “Malbeuf” zone. Previous holes WMP-046, WMP-056, and WMP-130 drilled near this area intersected anomalous mineralization in the Parkin Offset dyke. Previous hole WMP-057 was also drilled near this area but deviated and did not cut across the Parkin Offset dyke. BHEM surveys in each of the previous holes identified off-hole conductors occurring in a cluster with minimum dimensions of about 200m x 200m and unknown thickness.
Wallbridge president and CEO, Marz Kord, said:
Our Parkin properties cover a nine kilometer long section of the Parkin offset dyke and host a number of excellent targets including the past producing Milnet Mine and a near surface Indicated Resource. The offset dykes in Sudbury host large copper, nickel, and PGM deposits such as Vale’s Totten Mine and KGHM’s Victoria Mine. In recent years, Wallbridge has re-focused on the potential to significantly expand its near-surface Parkin resource. The positive results from this recent drilling validate our approach. We continue our work to attract new partner financing on this project in order to further explore its potential
Click here to read the Wallbridge Mining Company (TSX:WM) press release