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Why Sudbury?
Joint Venture Projects
Wallbridge Projects
Broken Hammer Project
Seeking Partners
Equity Interests   |
Related NewsThu Mar 29, 2012Fri Mar 2, 2012 Thu Jan 5, 2012 Wed Nov 30, 2011 Tue Nov 22, 2011 Tue Oct 18, 2011 Wed Sep 21, 2011 Tue Jun 28, 2011 Thu May 19, 2011 Mon May 16, 2011 Thu Apr 28, 2011 Thu Mar 24, 2011 Fri Mar 4, 2011 Thu Feb 3, 2011 Thu Jan 20, 2011 Tue Dec 14, 2010 Tue Aug 7, 2007 Mon Nov 27, 2006 Thu Oct 12, 2006 Thu Oct 5, 2006 Thu Jan 19, 2006 Tue Nov 29, 2005 Wed May 25, 2005 Wed Apr 13, 2005 Tue Apr 5, 2005 Tue Feb 15, 2005 Wed Jan 19, 2005 Thu Dec 9, 2004 Fri Oct 29, 2004 Fri Oct 8, 2004 Thu Jun 10, 2004 Thu Mar 4, 2004 Wallbridge continues work on the pre-feasibility study at the Broken Hammer copper and platinum group element project. Resource estimate update, site planning, waste management and environmental studies are expected to be completed in Q2 2012. Permitting and a production decision are expected at Broken Hammer in 2012. The Broken Hammer Resource forms a surface zone of vein and vein stockwork-hosted copper-PGE mineralization and has a NI 43-101 compliant inferred mineral resource of 251,000 tonnes averaging 3.80 g/t total precious metals ("TPM" = Pt + Pd + Au, 1.56 g/t Pd, 1.62 g/t Pt, and 0.61 g/t Au), 1.00% Cu, and 0.10% Ni (David Rennie, P.Geo., 2005). This resource estimate was prepared in 2005 using a cut-off value of $40 per tonne and the then prevailing, long-term metal price projections of US$800/oz for Pt, US$180/oz for Pd, US$400/oz for Au, US$1.40/lb for Cu and US$5.00 for Ni. Wallbridge owns 98.5% of Broken Hammer with Xstrata Nickel holding a 1.5% carried interest and some buy-back provisions. Significantly, the deposit remains open to depth and is interpreted to be part of a much larger mineralized system with large-scale exploration upside. Drilling to test the broader potential of the property is planned below and near the Broken Hammer resource in 2012. |
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