Wallbridge Mining and Lonmin Plc Approve $1.25 million Program

Wallbridge Mining (TSX:WM) announced that, together with Lonmin Plc (LON:LMI), have approved $1.25 to search for platinum and palladium on their Sudbury Camp venture.

The press release is quoted as saying:

Exploration in 2011 will focus on testing geological and geophysical targets within mineralized structures on the large Trill, Windy Lake, Skynner Lake and Creighton South Properties. Lonmin and Wallbridge will both contribute funds to the exploration program, with Lonmin contributing US$1.0 million, and Wallbridge contributing CDN$0.25 million for a Canadian dollar equivalent of approximately CDN$1.25 million, depending on exchange rate fluctuations during the budget year.

Alar Soever, President and CEO of Wallbridge says:

“We appreciate the support and confidence that Lonmin continues to demonstrate in our Sudbury properties.We look forward to a successful 2011 program”.

Click here to access the full release.