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| Wallbridge Mining Company (TSX:WM) is an established Canadian based company whose mission is to explore for and develop nickel, copper and platinum group element ("PGE") deposits. Its primary focus is on its large portfolio of properties in the under-explored footwall rocks of the prolific Sudbury Mining Camp, Ontario. Outside of Sudbury, the Company's activities include base-metal-gold exploration on the Shipley Property in the Swaye metavolcanic belt in northeasthern Ontario and gold-copper-molybdenum exploration on it's large Roger's Creek Property in British Columbia. Wallbridge's Sudbury area properties include joint ventures with Lonmin Plc, Xstrata Nickel as well as a number of junior companies. Global platinum producer Lonmin Plc recently acquired an 18% interest in Wallbridge. Victory Nickel has purchased 7,500,000 shares, representing an 8.4% interest in Wallbridge. Wallbridge has a history of success in finding new mineralization in Sudbury. Recent exploration successes include a new nickel-sulphide discovery on the Frost Lake Property and the delineation of the Amy Lake low sulphide PGE mineralized zone in the same belt of rocks which host the recently announced CVRD Inco - Lonmin Plc PGE copper-nickel discovery at Capre Lake. Duluth Metals Limited (TSX:DM) is a successful spin-out of Wallbridge's Minnesota nickel-copper-PGE properties. Duluth recently announced a NI-43-101 compliant Indicated Resource of 449 million tonnes grading 0.624% copper, 0.199% nickel and 0.600 grams per tonne of total precious metals. Wallbridge retains a strategic 10 million share shareholding in Duluth Metals. Wallbridge Mining is well financed with approximately $4.8 million in cash on hand. The 2008 exploration budget totals in excess of $6 million, with joint venture partners contributing approximately $1.5 million of this amount.
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Jun 10, 2008 Wallbridge Mining Begins Rogers Creek Copper-Molybdenum-Gold Exploration Program in SW British Columbia |
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