Wallbridge Expands Near Surface Ni-Cu-PGM Mineralization at Parkin in Sudbury

Wallbridge Mining Company (TSX:WM,FWB:WC7) announced results from the first thirteen drill holes of the ongoing drilling program focussed on expanding near surface nickel, copper and platinum group metal mineralization on its Parkin Properties in Sudbury, Ontario.
As quoted in the press release:

Nine of the holes intersected significant mineralization with six of the holes intersecting semimassive to massive sulphides. Assays include 0.93% nickel, 1.59% copper, and 1.81 g/t TPM (Total Precious Metals = Platinum + Palladium + Gold) comprising 1.01 g/t Pt, 0.59 g/t Pd, and 0.21 g/t Au over 3.50 metres in WMP-153 and 2.10% nickel, 0.48% copper, and 0.91 g/t TPM comprising 0.47 g/t Pt, 0.40 g/t Pd, and 0.04 g/t Au over 3.55 metres in WMP-154.

Table 1. Highlight Assay Results                                                                                                                   

Drill Hole	From (m)	To (m)	Length* (m)	Ni (%)	Cu (%)	TPM** (g/t)	Pt (g/t)	Pd (g/t)	Au (g/t)
WMP-150	275.54	281.20	5.66	1.07	0.44	0.78	0.36	0.37	0.05
WMP-152	461.07	463.55	2.48	0.97	1.05	1.37	0.60	0.62	0.15
WMP-153	440.75	444.25	3.50	0.93	1.59	1.81	1.01	0.59	0.21
WMP-153	452.30	454.30	2.00	0.36	2.26	3.04	1.59	1.03	0.42
WMP-154	400.15	403.70	3.55	2.10	0.48	0.91	0.47	0.40	0.04
WMP-154	412.40	416.00	3.60	0.88	0.81	4.07	0.68	3.30	0.10

The thirteen drill holes tested a variety of shallow targets above 400 metres depth following up drilling and borehole geophysics completed in early 2015 below and adjacent to the historic surface resource (see Wallbridge press release dated April 9, 2015). Holes WMP-150 to WMP-154 defined a new mineralized zone with a strike length of 140 metres immediately northeast of the historic resource with four of the five holes intersecting semimassive to massive nickel-copper sulphides.

Wallbridge Mining President and CEO, Marz Kord, stated:

We are very pleased by results of recent drilling at Parkin. The remainder of this year’s program at Parkin will focus on further expanding the mineralization reported here as well evaluating the potential of a bulk sample starter pit. Partner funding from Lonmin Plc has allowed us to significantly advance the Parkin project with no dilution to our shareholders despite the difficult market conditions.

Wallbridge Mining Vice President Exploration, Joshua Bailey, stated:

The results significantly expand the near surface mineralization at Parkin and we see great opportunity for further expansion with the ongoing drilling. It is exciting to be getting results like this so close to surface in Sudbury when other operators are exploring down several kilometres depth. Longer term, we see even greater potential at depth and along the nine kilometer strike length of the property.

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