|Wallbridge Mining Company Limited (WM:TSX) is an established junior company, formed in 1996, to explore and develop platinum group metals, copper and nickel mineral projects in mining friendly jurisdictions of North America.
Wallbridge is currently exploring and developing a large package of properties in Sudbury, Ontario, Canada's premier mining district. These include the Broken Hammer open pit mining project and significant exploration joint ventures with partners Lonmin Plc, Impala Platinum Holdings Limited and Glencore in Sudbury.
In 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%).
In 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 early stage with large mineralized structures and alteration zones that are ready for drilling with potential for large tonnage deposits. Wallbridge currently retains 28.4 million shares of Miocene Metals (40.5%).
Wallbridge has a record of successfully generating high potential mineral projects and structuring partnerships and new companies to create value for its shareholders and its partners
Highlights and Objectives
At the Broken Hammer copper and PGE project, the prefeasibility results indicate that the project generates earnings of $8.4M and $6M NPV over a mine life of 12 months. Construction and operation of the Broken Hammer open pit is ongoing, with expected ore delivery in June 2014.
The Wisner JV includes a 10km long belt surrounding the Broken Hammer project, where Lonmin PLC is funding exploration for copper and PGEs. The Wisner JV includes several high grade occurrences. Drilling and geophysics is underway, testing geological and geophysical targets.
Copper, nickel and PGE exploration on the Sudbury Camp Joint Venture with Lonmin Plc: The current emphasis includes drilling and geophysics on breccia structures at the Skynner Lake property and the mineralized offset dyke at the Trill property.
Copper, nickel and PGE exploration on the North Range Joint Venture with Lonmin Plc: The current emphasis includes ground geophysics and drilling following-up airborne EM conductors and 66 kms of offset dyke.
Copper, nickel and PGE exploration on the Parkin Offset Joint Venture with Impala: The project includes 6.5 kms offset dyke, the past producing Milnet Mine, a NI43-101 Resource, and recently discovered high-grade Milnet 1500 Zone. A reduced 2014 program is underway.
Wallbridge will continue to review new projects and opportunities to leverage its current assets for growth.