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Wallbridge Intersects High Grade Copper and Platinum Group Metals on Wisner Properties
TORONTO , Sept. 25, 2014 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) (...
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":"\n\nTORONTO, Sept. 25, 2014 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) (\"Wallbridge\") is pleased to provide results from the 2014 exploration programs underway on its polymetallic platinum (\"Pt), palladium (\"Pd), copper (\"Cu\"), nickel (\"Ni\"), gold (\"Au\") and silver (\"Ag\") properties in Sudbury, Ontario. New Cu and platinum group metal (\"PGM\") mineralization was intersected at shallow depths (above 120 metres) at four of eight target areas on the Wisner properties, located adjacent to Wallbridge's Broken Hammer open pit mine.\n\nHighlights:\n\n\nNew Cu-PGM discovery at Twisted Wrench on Wisner properties with 8.12 g/t total precious metals (\"TPM\": 2.63 g/t Pt, 5.13 g/t Pd, 0.36 Au) and 0.96 % Cu over a 2.43 metre channel sample \nNew mineralized intersections at Southwest Zone on Wisner properties with 4.52 % Cu, 26.77 g/t TPM (12.10 g/t Pt, 12.65 g/t Pd, 2.02 g/t Au), and 69.50 g/t Ag over 0.41 metres within a broader 1.99 metre interval averaging 1.55% Cu, 7.24 g/t TPM (3.21 g/t Pt, 3.51 g/t Pd, 0.53 g/t Au), and 22.64 g/t Ag intersected in drill hole WIS-168 \n$5.4 million expenditure and 20,086 metres drilling completed on Lonmin funded JVs from October 2013 to September 2014\nWallbridge's Sudbury exploration efforts are currently focused toward operating the North Range Joint Venture (\"NRJV\") and Sudbury Camp Joint Venture (\"SCJV\") funded by Lonmin Plc (\"Lonmin\"). These follow Lonmin's fiscal year from October 1 to September 30. The 2014 programs are just wrapping up and included a total of CAD $5.4 million in exploration expenditures and cash option payments funded by Lonmin. This included 20,086 metres exploratory drilling and extensive geophysics, mechanical stripping, and geological field work. Wallbridge is currently working with Lonmin to finalize the 2015 programs on these joint ventures, which would start October 1, 2014.\n\nThe 2014 program on Wallbridge's Wisner properties started in January and included 12,540 metres of mostly shallow initial drilling on a number of target areas as well as extensive airborne, ground, and borehole geophysics funded by Lonmin. Drilling intersected new Cu-PGM mineralization in 13 drill holes at four of the eight target areas tested (Table 1 and Table 2). \n\nDrilling discovered a new Cu-PGM showing at the Twisted Wrench target area where miner...