Business
Wallbridge delivers first shipments of ore from Broken Hammer
TORONTO , June 17, 2014 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB:...
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, June 17, 2014 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) (\"Wallbridge\") today announced that it started delivering the first shipments of ore from its Broken Hammer open pit mine in Sudbury, Ontario to the Redstone mill operated by Northern Sun in Timmins, Ontario.\n\nDuring the last few weeks, Wallbridge and its mining & transportation contractor William Day Construction Limited have built an ore stockpile of approximately 15,000 tonnes and continue to mine at an average rate of approximately 800 tonnes of ore per day. Wallbridge plans to deliver enough ore between now and when milling commences in late June to maintain an ore stockpile equivalent to two weeks of processing.\n\n\"We are pleased with the progress of construction and concurrent mining at the Broken Hammer site. Now that the half-load restrictions are lifted across municipal roads, we can deliver our Broken Hammer ore for processing,\" Marz Kord, President & CEO of Wallbridge stated, \"With the Redstone Mill on schedule for startup in late June, we look forward to delivering our first concentrate to the smelter early in July and realizing value for our shareholders\". \n\nAbout Wallbridge Mining\n\nWallbridge Mining Company Limited (WM:TSX) is currently operating its first polymetallic mine, producing copper, platinum, palladium, and gold  from the Broken Hammer open pit mine in Sudbury, Ontario, Canada's premier mining district. \n\nWallbridge is also actively exploring a large package of properties in Sudbury, including operating several significant exploration joint ventures with partners Lonmin Plc, Impala Platinum Holdings Limited and Glencore in Sudbury.\n\nIn 2005, Wallbridge created Duluth Metals Limited (TSX:DM) to explore and develop projects in Minnesota, USA. Duluth Metals has since defined the world's largest undeveloped sulfide platinum group metals, copper and nickel deposit which it is developing through Twin Metals Limited, a joint venture with copper producer Antofagasta Plc. Wallbridge currently retains 10.1 million shares of Duluth Metals (7.4%). \n\nIn 2010, Wallbridge created Miocene Metals Limited (TSXV:MII) to explore and develop porphyry copper-gold-molybdenum projects in British Columbia, Canada, within a previously under-recognized belt of Miocene-age intrusions. These projects are ...