Wallbridge Mining Company Limited
Wallbridge Mining Company Limited
Welcome to Wallbridge Mining Company Limited Recent Updates Stock Quote
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. Wallbridge's Sudbury area properties include joint ventures with Lonmin Plc, Impala Platinum Holdings and Xstrata Nickel as well as with a number of junior mineral exploration companies. In June 2007, global platinum producer Lonmin Plc acquired 10,800,000 common shares of Wallbridge representing approximately 14% of the then issued and outstanding shares.

Wallbridge recently spun out a new company, Miocene Metals Limited, which was created to acquire all of Wallbridge's BC porphyry copper-gold-molybdenum (Cu-Au-Mo) properties in a transaction modelled after the successful spin-out of its Minnesota copper-nickel-PGE properties into Duluth Metals Limited (TSX:DM). The BC property portfolio includes Wallbridge's Rogers Creek Cu-Au-Mo property plus six other recently acquired properties in Southwestern BC over a newly recognized belt of Miocene-age intrusive rocks which are highly prospective for Cu-Au-Mo mineralization, The properties range from grassroots stage, with known mineral showings, to properties that are almost drill-ready and have returned economic chip and grab sample values and drill intersections over widths of 10's of metres.


2010 - SUCCESS ON MANY FRONTS

  • Wallbridge intersects 8.00 Grams per Tonne Platinum+Palladium+Gold over 14.24 metres on its Parkin Offset Property in Sudbury.
  • A new area of Molybdenum, Copper, Gold Mineralization discovered on the Rogers Creek Property in BC.
  • Wallbridge acquires dominant position in new Porphyry Copper-Gold-Molybdenum Belt in Southwest British Columbia
  • Impala Platinum to fund Cdn$1.6 million in exploration of the Parkin Offset Property
  • Renewed joint venture commitment of US$1.0 million from Lonmin Plc to continue exploration of the Sudbury Camp Joint Venture properties
  • In January, Wallbridge increased its shareholding in Duluth Metals Limited to 12.3 million shares representing approximately 12.8% of the then issued and outstanding shares.
  • Wallbridge announces spin-out of BC porphyry copper-gold-molybdenum properties into a newly created company, Miocene Metals Limited.

Fact Sheet 2009 Annual Report Duluth Metals

Click to View July 2010 Update




TSX: WM
Last: $0.17
Volume: 312800
Change: +0.01

FSE: WC7
Last: €0.20
Volume: 12000
Change: +0.01

Fact Sheet

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