The Conversation (0)
A recent article by The Sudbury Star highlighted Wallbridge Mining Company (TSX:WM,FWB:WC7) and new studies of its flagship Parkin Properties in Sudbury show promising results.
A recent article by The Sudbury Star highlighted Wallbridge Mining Company (TSX:WM,FWB:WC7) and new studies of its flagship Parkin Properties in Sudbury show promising results.
As quoted in the article:
The Parkin Properties are being explored for high-grade polymetallic nickel, copper, and platinum group metals over a 9.4 km strike length of the Parkin Offset Dyke. Parkin includes the past-producing Milnet Mine.
Nickel, copper and platinum group metal mineralization at Parkin is typical of that hosted by quartz diorite offset dykes in the Sudbury mining camp. Offset dyke structures are responsible for approximately one-third of all ore mined in Sudbury.
Wallbridge is currently evaluating the results from the recent drilling to determine the viability of a potential bulk sample to better characterize the near surface mineralization and its metallurgical recoveries. To provide for this possibility, Wallbridge has initiated the permitting process for a potential bulk sample.
Wallbridge also announced it has been accepted as a successful applicant for the Junior Exploration Assistance Program for two projects, including additional drilling planned on the Parkin Properties later in 2016, as well as a regional boot and hammer exploration project underway this summer on various properties in the Sudbury area.
The program is sponsored by the Ontario Prospectors Association and the Northern Ontario Heritage Fund Corporation and has committed to provide Wallbridge with a grant equal to 33.3 percent of approved eligible exploration expenditures up to a total of $100,000 on each of the two projects.
Wallbridge is working to establish a portfolio of projects that will support sustainable production and revenue, as well as organic growth through exploration and scalability.
Wallbridge is in discussions regarding several advanced stage projects which could become the company’s next production platforms. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken Hammer deposit, which was completed in October 2015.
Wallbridge is continuing active partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury. Most of this work is funded by joint venture partners and has led to the discovery of numerous mineral occurrences including the Broken Hammer deposit.
Wallbridge Mining President and CEO, Marz Kord, stated:
We continue to have excellent results from our exploration programs at Parkin as demonstrated by the results reported in the last few months. Attractive copper, nickel, and PGM grades continue to be intersected and the mineralization intersected in the most recent holes is expanding the near-surface mineralization yet further north. With over nine kilometres of strike length with similar under-explored geology, the potential for further discoveries of new zones on the Parkin Offset dyke looks very promising.
We will continue to expand the mineralization and evaluate the possibility of a surface bulk sample on the southern portion of Parkin while advancing our other business opportunity, the Fenelon Mine Project purchase and its eventual development.
Connect with Wallbridge Mining Company (TSX:WM,FWB:WC7) to receive an Investor Presentation.