Wallbridge Mining Commissions the Broken Hammer Feasibility Study

Wallbridge Mining Company Limited (TSX:WM,FWB:WC7) announced it has hired two engineering companies to complete the studies for the Broken Hammer deposit.

As quoted in the press release,

Wallbridge discovered the Broken Hammer Zone as a result of an ongoing grass roots exploration program on the North Range of the Sudbury Basin. In November 2005, Roscoe Postle Associates Inc. estimated the NI 43-101 compliant, inferred mineral resource to be 251,000 tonnes at a grade of 3.80 g/t total precious metals (1.56 g/t palladium, 1.62 g/t platinum and 0.61 g/t gold), 1.00% copper and 0.10% nickel. This resource estimate was prepared using a cut-off value of $CAN40/t, and the then prevailing, long-term metal price projections of $US800/oz for platinum, $US180/oz for palladium, $US400/oz for gold, $US 1.40/lb for copper, and $US5.00 for nickel. Since then additional drilling as well as a 20,000-tonne bulk sampling program have been completed, with final results expected to be available later this month. The new information from both the bulk sample and additional drilling will be used to update the mineral resource estimate and provide metal recoveries for use in the PFS.

Click here to read the Wallbridge Mining Company Limited (TSX:WM,FWB:WC7)  press release.