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Foy Property

The Foy property is located in the North Range Footwall to the SIC approximately one km northwest of First Nickel's Premiere Ridge deposit, which hosts 43-101 compliant resources of 559,000 t grading 1.23% Ni, 0.73% Cu, 0.16 g/t Pt, 0.21 g/t Pd.

The property covers a ten kilometre strike-length of footwall rocks in the North Range of the SIC and is underlain predominantly by mafic and felsic gneisses cross-cut by several generations of diabase dykes. A major structure trends north-westward across the Foy property and is rooted in the SIC contact where it cuts the Premier Ridge deposit. Detailed mapping and prospecting discovered numerous outcrops of Sudbury Breccia along this structure some of which were weakly enriched in PGE and pathfinder elements typical of structures, which host footwall Cu-PGE deposits elsewhere in the Sudbury Basin.

Exploration on Wallbridge's Foy property, situated along the North Range of the Sudbury Basin, 4 kilometres east of the mineralized Foy Offset Dyke focused on testing coincident geological, geophysical and geochemical targets resulting from mapping and geochemical sampling programs in 2008 and early 2009. Drilling intersected altered and geochemically anomalous zones of Sudbury Breccia. Drilling in 2010 will follow-up on high potential geophysical (IP) and geochemical targets resulting from surveys and drilling in 2008 and early 2009 whereas mapping and geochemical sampling will concentrate on untested geophysical targets in areas of high potential geology.