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Wallbridge Mining Company (TSX:WM) provided an update on work at its Parkin properties, currently funded by its joint venture partner, Lonmin (LSE:LMI). The company recently began the first phase of drilling at the Parkin properties, and has released results from its summer channel sampling program.
Wallbridge Mining Company (TSX:WM) provided an update on work at its Parkin properties, currently funded by its joint venture partner, Lonmin (LSE:LMI). The company recently began the first phase of drilling at the Parkin properties, and has released results from its summer channel sampling program.
As quoted in the press release:
- Drilling is underway as part of a $2.0 million 2016 Parkin program funded by Lonmin.
- Channel CH9459NA cut 4.65 metres of 0.89 % nickel, 1.82 % copper, and 20.48 g/t total precious metals (“TPM”, platinum plus palladium plus gold), including 2.61 metres of 1.71 % nickel, 3.54 % copper, and 44.71 g/t TPM.
- Channel CH9451N cut 6.00 metres of 1.73 % nickel, 0.81 % copper, and 2.56 g/t TPM.
- Channel CH9796N cut 3.00 metres of 3.09 % nickel, 0.59 % copper, and 2.10 g/t TPM.
Wallbridge Mining president and CEO, Marz Kord, said:
The current program will focus on expanding and understanding the extents of mineralization around the historic resource and at depth and also investigate the possibility of a bulk sample open pit in the near future. The bulk sample program, if proven to be viable, will provide us with more knowledge of ore continuity and metallurgical recoveries whilst generating cash flow in the near term, similar to our Broken Hammer bulk sample that was completed in 2011.